Heidelberg Releases Preliminary Q1 Results
Heidelberg announced its preliminary figures for the first quarter of its financial year. The numbers, which include the run-up to drupa, show a decline in sales of EUR 24 million compared to a year previous.
The company attributes the decline in sales to its customers reluctance to commit to purchases, preferring to wait until after drupa for new announcements.
Orders, on the other hand, were strong in the first quarter due to drupa, increasing EUR 225 million over 2011 to EUR 890 million, the highest level in four years. As a result, the company grew its order backlog to around EUR 850 million.
The lower sales, combined with the costs involved in putting together its drupa presence has led to the company reporting an operating result of EUR -58 million, compared to the previous year's figure of EUR -25 million. On the whole, the company reports its outlook for the current and next financial year as unchanged. This includes the target of a net profit for the financial year of 2013/2014.
Full financial details will be released by Heidelberg on August 8.
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