Heidelberg Records Incoming Order Increase, Sales Decline

The workforce fell by a further 110 in the first quarter of 2011/2012. As at June 30, 2011, the Heidelberg Group thus had a workforce of 15,718 worldwide (previous year: 16,218).

Business results in the divisions
In the Heidelberg Equipment Division, incoming orders in the first quarter amounted to €404 million, up 11 percent on the previous quarter (€365 million). As expected, the high figure for the same period the previous year (€501 million) achieved as a result of high incoming orders at last year’s IPEX and ExpoPrint trade shows could not be repeated. At €300 million, sales matched the level of the same quarter the previous year. After adjustment for exchange rate effects, this is equivalent to a rise of 5 percent. Although there was almost no change in sales, the result of operating activities excluding special items improved by 19 percent from €-48 million to €-39 million.