Tuesday, May 7, 2013

Heidelberger Reports Higher Sales

According to preliminary figures, Heidelberger Druckmaschinen AG (Heidelberg) recorded higher sales in financial year 2012/2013 (April 1, 2012 to March 31, 2013) than in the previous year thanks to the expected strong fourth quarter. In line with the company's own forecasts, the operating result excluding special items improved significantly. 
Preliminary Group sales after 12 months were up 5 percent on the previous year's figure (EUR 2.596 billion) at EUR 2.735 billion. Despite a number of countervailing effects, the growth in volume combined with the savings made by the Focus 2012 efficiency program improved the preliminary result of operating activities (EBIT) excluding special items to EUR 28 million (previous year: EUR 3 million).