Heidelberg publishes figures for the third quarter of 2019/2020
- Preliminary figures of January 20, 2020 confirmed
- Package of measures to increase profitability underway
- Digitization is being vigorously pursued: Subscription business continues to grow, innovation initiative for drupa 2020
Heidelberger Druckmaschinen AG (Heidelberg) published its report on the third quarter of 2019/2020, confirming the key figures of the press release published on January 20, 2020.
Heidelberg is in an advanced planning stage with regard to the extensive package of measures announced to sustainably improve profitability and liquidity. Important cornerstones are to be adopted before the end of the current financial year and are expected to show the first positive effects already in the new financial year. The measures include streamlining and focusing the organizational structures more strongly on customer needs and more efficient processes, selling additional non-core areas to focus the product portfolio, and restructuring the international production network to significantly reduce the cost base.
"We are gearing Heidelberg on profitable activities and are launching an innovation initiative to expand our technological leadership in our core business," comments CEO Rainer Hundsdörfer. "This will enable us to consistently adapt to the challenging market conditions, which are currently difficult to predict not least due to the uncertain economic impact of the coronavirus in China, our largest single market.