Heidelberg Implements New Corporate Structure
For the financial year 2011/2012, the lowering of structural and personnel costs will result in an expected annual savings of approximately EUR 80 million. The plan is to achieve EUR 60 million of these savings in financial year 2010/2011.
“The order situation in the print media industry has stabilized over recent months,” says Schreier. “The higher demand is still coming mainly from emerging markets such as China and Brazil. There is no prospect of a significant increase in the industry’s investment volume in 2010. We are adapting our company’s capacities and structure accordingly. As a result, the level of sales at which we achieve an operational break-even result has been lowered once again, to less than EUR 2.5 billion. The objective of this measure is to achieve a break-even operating result for the next financial year assuming stable economic development and, furthermore, an economic value added (EVA) in all areas of business in the medium term.”