Heidelberg Reports Preliminary Figures In Line with Forecast Declines
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HEIDELBERG, GERMANY—04/22/2010—As expected, Heidelberger Druckmaschinen AG (Heidelberg) recorded a significant fall in sales and profit in financial year 2009/10 (April 1, 2009 to March 31, 2010) due to the overall cautious investment behavior in the print media industry. The company's own forecast made in October 2009 has been borne out.
At a total of EUR 2.371 billion, preliminary incoming orders were below the previous year's figure of EUR 2.906 billion, but showed a marked upward trend in the second half of the financial year.
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