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Difficult business situation expected - cost-cutting program stepped up
Heidelberg expects a significant downturn in sales and thus a marked reduction in operating result (EBIT) for the current financial year (April 1, 2008 to March 31, 2009) compared to last year. The financial result is also expected to be down due to the current financial crisis and the movements in interest rates. These developments coupled with the restructuring costs will lead to a significant annual deficit in the current financial year.
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