Heidelberg Reports Incoming Orders Up 43 Percent

"The Chinese economy is still booming, with double-digit growth rates in some areas. China and Brazil are very attractive growth markets for us and we intend to further increase our share of sales there in the coming years," said Bernhard Schreier.

Outlook
For the current financial year 2010/11, Heidelberg is projecting a modest growth in sales. The result of operating activities will benefit from the increasing profit contributions as well as from the already achieved cost-reduction measures. Assuming stable economic developments, the company is still striving for a break-even operating result for the current financial year. The company's forecast of economic developments reflected in its financial year planning takes into account the respective product mix prevalent in the single markets. Nevertheless, the enormous growth in financing costs will place a heavy burden on the financial result. During the current financial year, Heidelberg therefore anticipates a marked net loss again.