Heidelberg Reports Incoming Orders Up 43 Percent

In the period under review, the Heidelberg Equipment division benefited in particular from the company's success at the Ipex industry trade show. After adjustment for exchange rate movements, incoming orders for the quarter increased by 57 percent on the same quarter of the previous year to EUR 501 million (previous year: EUR 301 million). Sales were 7 percent up on the previous year (1 percent after adjustment for exchange rate movements) at EUR 297 million. The operating result excluding special items for the first quarter was still negative at EUR -48 million (previous year: EUR -53 million), but the savings resulting from the program of cost-cutting measures and the reorganization had a positive impact.