Heidelberger Druckmaschinen AG (Heidelberg) has reached a key milestone on its way to long-term profitability by meeting its own forecasts and achieving a clearly positive operating result excluding special items in financial year 2012/2013 (April 1, 2012 to March 31, 2013). The next step in the strategic process is for Heidelberg to turn a profit again in the current financial year 2013/2014 and to record a positive net result after a series of losses since the crisis year 2008. The medium-term goal is to further reduce the company's debt level to no more than twice the operating result before depreciation and amortization.
"In the financial year just closed, we introduced the necessary steps to return to profitability in financial year 2013/2014," said Heidelberg CEO Gerold Linzbach. "Heidelberg now has a more flexible setup with clearly assigned responsibilities. We are focusing our full attention on our profitability by adapting to the market situation”, he added.
