Heidelberg: the improvement of operating conditions is expected to achieve annual profits
in 2012, Heidelberg Printing Machinery Co., Ltd. launched the focus 2012 restructuring plan. In 2013, the implementation of this plan is having a positive impact on Heidelberg. In the first fiscal quarter of 2013/2014, the operation of Heidelberg company has improved significantly
in the quarterly report released by Heidelberg as of June 30, 2013, Heidelberg disclosed that its sales revenue in the first fiscal quarter was 504million euros, a year-on-year decrease of 3%, but not as expected. The operating loss of Heidelberg in this quarter was 2million euros. Excluding the loss of special items (EBITDA), Heidelberg's operating profit increased by 45million euros year-on-year, and the loss of Heidelberg in the same period last year reached 47million euros. Heidelberg attributed this improvement to the cost reduction and the profit contribution brought by new equipment. At the same time, the industry exhibition also had a positive impact on the operation of Heidelberg
Gerold linzbach, CEO of Heidelberg company, said: is the material yield obvious in our operation? If it is obvious, it indicates that there is a problem that has been steadily improved, which strengthens our confidence that we can achieve profitability throughout the year
in the first quarter of fiscal year 2013, Heidelberg's orders reached 643 million euros. In the same period last year, due to the influence of drupa exhibition, Heidelberg's orders reached 890 million euros. According to the analysis, at present, the investment willingness of EMEA and South America (especially Brazil) is not high, and the China Print Exhibition in China in May has brought a good promotion to Heidelberg
as of the end of June 2013, Heidelberg's free cash flow has achieved balance of payments, compared with -112 million euros in the same period last year. At the same time, the company's long-term debt was stable at 258million euros. In order to implement the focus 2012 plan, Haicheng obtained the products with excellent sustainability label certification after some profit-making small and medium-sized enterprises entered the wood plastic industry, with a high degree of differentiation, and Debao paid an additional expenditure of about 31million euros
Heidelberg company continues to lay off staff. In the first fiscal quarter, Heidelberg laid off 546 people, with a total of 13669 employees. In the 2012/2013 fiscal year, Heidelberg has laid off 1200 employees, and the company hopes to control the total number of employees within 13500 by the middle of 2014
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