Heidelberg Initiates Further Reorganization; Announces Financial Targets, Site Consolidation

"The Heidelberg corporate culture is entering a new era," concluded Linzbach. "The key focus when taking decisions will be on both our customers' results and our own. We are bringing key functions and operational areas into closer proximity and are gearing our activities more toward the market and our customers. This will make Heidelberg leaner and more profitable. The measures we are planning in the current financial year will lay the foundation for achieving an EBITDA margin of no less than 8 percent by financial year 2015/2016."