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"We are working harder and faster to adapt our structures and costs to the gloomy economic forecasts and the industry's reluctance to invest," stated Heidelberg CEO Bernhard Schreier. "We are sticking with our strategic approach and our comprehensive range of products and services. Despite our reduced budget, we will maintain our leading market position. We need to use the measures initiated to stabilize the earnings situation until there is an improvement in the overall economic climate," he continued.
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