Exclusive Update on Heidelberg’s Outlook from CEO Bernhard Schreier

In addition, higher labor and energy costs are reducing the margins.

Printing Impressions: During your company's annual meeting, you alluded to the prospect of a hostile takeover attempt. Given antitrust laws that might preclude your competitors from making a bid, what interests do you feel would represent the biggest threat to such a campaign? Also, would you totally rule out a major competitor making a play for Heidelberg?