Heidelberg’s first quarter results show significant improvement
The new organization and the comprehensive range of cost-cutting measures are showing tangible results at Heidelberger Druckmaschinen AG (Heidelberg). As expected, the company significantly improved its operating result in the first quarter of financial year 2013/2014 (April 1 to June 30, 2013), which puts it on the right track for meeting its target of a positive net result for the year.
“The substantial increase in our operating result makes us confident that we will record a profit for the year as a whole,” said Heidelberg CEO Gerold Linzbach.
“In order to achieve this, we are systematically pressing ahead with our strategic reorganization so as to further improve our margins for new machine sales in the future and adapt our cost structures to the market situation on an ongoing basis,” he added.