manroland Expands on Report of Company Becoming Debt Free Soon

Despite a 32% decline in sales for the current fiscal year, only Euro 125 million remains of the original Euro 654 million purchase price in 2006. On a net basis, Finkbeiner indicated manroland was debt free in 2008 and state aid from the German government is not an issue for the company.

“Takeover and mergers have always been on the agenda in the graphic arts industry. However, we have not been in talks with Shanghai Electric,” Finkbeiner said.