Industry News, Printers News

Heidelberg: COVID-19, Profitability Boosting Measures Impact FY 2019-20 Figures

Total sales approximately 6% below previous year.

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By: Anthony Locicero

Copy editor, New York Post

During the challenging financial year 2019-20 (April 1, 2019, to March 31, 2020), business operations at Heidelberger Druckmaschinen AG (Heidelberg) were impacted by the increasingly deteriorating economic environment caused by the COVID-19 pandemic.    Based on preliminary figures yet to be audited, Group sales amounted to €2,349 million, some 6% down on the previous year.    Restrained investment activity caused by the economic circumstances had a negative impact on business, first and...

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