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Printing Presses and Machinery (New and Used, Service and Repair)
News Release from: Heidelberg
Edited by the Printingtalk Editorial
Team on 02 August 2006
Heidelberg Sales Up 9% And Profits
Return
Heidelberg has increased its sales and earnings in the first quarter of financial year 2006-2007 with sales of EUR719 million nine per cent up on the previous year's EUR660 million.
Heidelberg has increased its sales and earnings in the first quarter of financial year 2006-2007 with sales of EUR719 million nine per cent up on the previous year's EUR660 million Incoming orders in the first quarter increased by around 21 per cent to EUR1.076 billion Euro, compared to the previous year's EUR886 million
This article was originally published on Printingtalk on 6 Jun 2003 at 8.00am (UK)
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The company said that at EUR1.346 billion, the order backlog at the end of the first quarter was up on the figure at March 31 (EUR1.017 billion) thanks to the good levels of incoming orders.
Bernhard Schreier, Heidelberg's chief executive officer, said: "The positive trend in the print media industry continued in the first three months of the new financial year.
The success of the Ipex trade show at the start of the financial year gave us considerable momentum.
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Our expectations for 2006/2007 are confirmed." The Heidelberg Group recorded an operating result of EUR16 million in the period under review, compared to the previous year's EUR7 million.
The net profit in the first quarter was EUR5 million, as opposed to a loss of EUR1 million for the previous year and it was positive again for the first time in four years.
Dr Herbert Meyer, Heidelberg's chief financial officer, added: "The high volume of incoming orders in the first quarter proves that investment confidence in the print media industry has strengthened further.
There was a considerable upturn in business, particularly in Europe and North America.
The Asia-Pacific region remained at the high level of the previous year, if one deducts the good volume of incoming orders generated at the China Print trade show in May 2005." Increased sales and incoming orders in the press and post-press divisions were buoyant.
In the offset press division sales rose to EUR620 million in the first three months (previous year - EUR567 million).
Incoming orders in the period under review amounted to EUR954 million (previous year EUR788 million).
The operating result in the first quarter stood at EUR4million Euro (previous year - EUR7 million) and included the costs of the Ipex trade show in Birmingham (UK).
In the post-press division (finishing), quarterly sales were EUR89 million (previous year - EUR80 million).
Incoming orders totalled EUR112 million (previous year - EUR85 million).
The operating result in the period under review reached break-even, when the year before showed a loss of EUR4 million.
In the EMEA, North America and eastern Europe regions, sales in the first quarter were much higher than the comparable figures of the previous year.
Sales in the Asia-Pacific region increased by 0.4 per cent after adjustments for currency fluctuations.
The company said that the outlook for the 2006-2007 financial year is expected to show growth in sales of around five per cent over the previous year.
Heidelberg also plans to boost the result of operating activities to around 10 per cent of sales in the current financial year.
Heidelberg also said that last week it concluded the share buy-back programme that was begun last November.
On the basis of the authorisation issued by the company's annual general meeting, a total of 4,295,424 shares, or five percent of capital stock, had been bought back up to July 26, at an average price of EUR35.00.
That amounted to a total figure of EUR150,349,212.29.
As of June 30, 2006, the Heidelberg Group had a workforce of 18,876 worldwide (previous year - 18,583).
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