Heidelberg Says Results in Line with Expectations in Difficult Economic Environment

Sales in the first nine months amounted to €1.811 billion, 4 percent down on the previous year’s figure for the same period (€1.883 billion). After adjustment for exchange rate effects, sales were almost on a par with the previous year’s level at €1.841 billion.

“The economic uncertainty and the resultant reluctance to invest have impacted on the business operations of Heidelberg as expected,” said Heidelberg CEO Bernhard Schreier. “Nevertheless, consistent cost management has ensured that the operating result in the third quarter is positive and on the whole in line with the scaled-down expectations.”