Heidelberg Ramping Up for Debut of VLF Presses

PI: Heidelberg has enjoyed a very good balance sheet recently. You’re on a March 31st fiscal year that has just ended. What is your outlook for the next fiscal year, partly given fluctuating U.S. stock markets and predictions of an economic slowdown?

SCHREIER: We realize that we’re in a cyclical business. For us, as a machine manufacturer, the only target is to be prepared. We cannot predict the future, but we can be prepared for the future. At some point, there will be a downturn. I don’t think that his downturn will be in the next 24 months, but after that I don’t know. This is why we are preparing very well for a downturn. Not because we are producing bad products, and not because printers don’t want to produce print.