Financial year looking strong for Heidelberg

Preliminary sales by the Heidelberg Group increased by around 14 per cent to €2.6bn, compared with €2.3bn, the year before.

The operating result also improved significantly due to higher profit contributions and the savings made in the financial year. The preliminary result of operating activities excluding special items rose to 4m, up from a loss of €130m the previous year.

Bernhard Schreier, CEO of Heidelberg says, “The Heidelberg Group resumed its path to growth in 2010-11 financial year. We improved incoming orders and sales and, after two deficit years, our operating result is back in the black.

“Thanks to the strategic partnership with Ricoh, the leading position that Heidelberg occupies in the offset printing market will be complemented in future by innovative digital printing products. These operational and strategic successes show that Heidelberg is on the right track to achieving long-term success.”

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