Heidelberg Records €229m Loss but Targets Swift Recovery
Posted: 6/15/2012 | By: Tim Sheahan | PrintWeek.com
Its full year results for 2011/12 also revealed a small dip in sales, from €2,629m to €2,596m, while its pre-tax loss ballooned from €143m in 2010/11. Incoming orders slipped by 7% to €2.5bn for the year, while the company’s order backlog for the period fell by 20% year-on-year to €506m.
However, the German manufacturer said it was aiming to capitalise on a strong showing at Drupa by targeting a positive operating profit of €150m in 2013/2014. Its confidence stems from a strong start to its 2012/2013 financial year, driven by a successful showing at Drupa, which resulted in incoming orders worth more than €800m (£647m).