Industry News, Printers News

Heidelberg Transformation Already Shows Effects in 1Q 2020/2021

Sale of Gallus Group and CERM N.V. expected to yield earnings in mid-double-digit million euro range later in the current financial year.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

In March 2020, Heidelberger Druckmaschinen AG (Heidelberg) launched a transformation program designed to boost profitability, enhance competitiveness and secure the company’s future.   As a result, the company already generated positive results in the recently concluded first quarter of financial year 2020/2021 (April 1 to June 30, 2020, and was able to successfully counter the huge operational pressures brought by the COVID-19 pandemic.   Nonetheless, as anticipated, the consequences of...

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