All Items on Agenda Approved with Clear Majority at Heidelberg Annual General Meeting
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The Management Board discussed the company's strategy and the balance sheet figures for the past financial year (April 1, 2013 through March 31, 2014). In his speech, Heidelberg CEO Gerold Linzbach analyzed where he feels Heidelberg is currently at and then highlighted where the company is heading in the medium term. Following five years of losses, the net profit for financial year 2013/2014 was EUR 4 million. The next step is to secure the group's sustained profitability in the years ahead by expanding growth segments, implementing portfolio measures, and introducing structural cost projects. The aim is to achieve an EBITDA margin of no less than 8 percent as early as financial year 2015/2016.
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