Heidelberg’s Sales Flat, but New Products and Organization Promise Long-Term Profitability

“Our financing structure exhibits appropriate diversification in terms of both financing sources and the maturity profile. In the medium- to long-term, Heidelberg therefore has a stable liquidity framework providing sufficient leeway.”

Results in the Equipment, Services, and Financial Services divisions
• In the Heidelberg Equipment division, incoming orders were down 10 percent on the previous year at €1.476 billion due to the restrained investment activity among commercial print shops. The division’s sales rose from €1.516 billion in the previous year to €1.523 billion. Despite the non-recurring costs resulting from the higher provision for risks, the operating result excluding special items improved from €-98 million to €-83 million as a result of systematic cost management and stock optimization measures.