Heidelberg Initiates Further Reorganization; Announces Financial Targets, Site Consolidation

"In returning to profitability, we have reached a first important milestone," said Heidelberg CEO Gerold Linzbach. "We are now starting the next stage of the Group's reorganization so as to achieve a sustained increase in corporate value. This involves making acquisitions in growth segments, scaling down areas of business with weak margins, and cutting structural costs in order to further improve profitability," he added.