Heidelberg Releases Slightly Positive Preliminary Q2 Numbers, Lowers Expectations for Current Financial Year
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Outlook
In view of the economic outlook, it is likely that demand in the second half of the financial year will be lower than expected, that sales and the operating result will not reach the level Heidelberg has been aiming for, and thus that the target of a break-even pre-tax result is unlikely to be achieved. In an endeavor to increase operating profitability in the current financial year, measures relating to non-personnel costs and the human resources area that can be implemented quickly have been introduced. The company expects that the operating result for financial year 2011/12 will be noticeably better than that of the previous year.
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