Industry News, Printers News

Heidelberg Reports 1Q 2019 Results

Cyclical reluctance to invest weighs on start of 2019/20 financial year.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

The business performance of Heidelberger Druckmaschinen AG in the first quarter (April 1, 2019 to June 30, 2019) of financial year 2019/20 was impacted in particular at the end of the reporting period by the increasing reluctance to invest and the corresponding shift in sales due to the economic downturn. In the traditionally weakest quarter of the year, the company recorded sales of €502 million, compared with €541 million in the same period of the previous year. Especially in Germany and parts...

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