Heidelberg Announces Preliminary Figures for 2007/2008

Market conditions worsened considerably for Heidelberger Druckmaschinen AG (Heidelberg) in financial year 2007/2008 (April 1, 2007 to March 31, 2008), with sales, operating result and net profit all down on the previous year’s levels. “Poorer economic prospects have taken their toll over the past financial year, in particular during the second six months,” stated Heidelberg CEO Bernhard Schreier. “This has led to a reluctance to invest in a number of regions,” he added.