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HEIDELBERG REPORTS INCREASED SALES

May 17, 2001 12:00 AM


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Heidelberg (Heidelberg, Germany) announced this week that sales rose in the year ending March 31, 2001 by more than 15 percent to Euro 5.3 billion.
With this new record, we have shown that we are by far the world's favorite business partner for manufacturers of professional print media," stated Bernhard Schreier, Chairman of the Management Board of Heidelberger Druckmaschinen AG.
"The results have exceeded our expectations. We have increased our operating profit by 10% from Euro 463 million to Euro 506 million," explained Dr. Herbert Meyer, CFO of Heidelberger Druckmaschinen AG. The Heidelberg Group's provisional net profit increased from Euro 251 million to Euro 283 million after adjustment and, after accounting for special influences, totaled Euro 343 million