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Increased print shop utilisation helps boost Heidelberg results

Thursday, 02 August 2007
By Print 21 Online Article

Below is an extract from his speech:

“The 2006/2007 financial year ending on 31 March was a good year for Heidelberger Druckmaschinen AG. Incoming orders rose seven percent to 3.85 billion Euro. With the exception of the Asia-Pacific region, the volume of orders in all regions was at least ten percent up on the previous year.

The print media industry and with it Heidelberger Druckmaschinen is heavily dependent on the general economic climate – and the climate last year was altogether good. The global economy grew by 5.4 percent, up once again by one half a percentage point on the previous year. What is particularly pleasing is that the engines driving the economy on our own domestic market here in Germany have finally sprung into action. Gross Domestic Product grew by 2.7 percent in 2006, three times faster than in the previous year.

The print media industry has also profited from the stable development of the global economy as a whole. This applies mainly to Germany and the U.S. and, consequently, to those countries that suffered particularly badly from the severe crisis that the industry went through over the period 2001 to 2004.

Print shop capacity utilization in the United States, one of our key markets, climbed back above the 80 percent threshold for the first time. In doing so, it was virtually on a par with the high level achieved before the crisis. Developments in Germany continued to proceed well. Business climate indicators that assess future development have once again attained good levels in both countries. However, increasing energy and paper costs that are difficult to pass on to end-users are impacting on our customers’ results.

Developments in the major threshold countries, particularly in China and India, where we are seeing the emergence of numerous new printshops, remain pleasing. Despite the strong growth they are experiencing, these countries still have a lot of catching up to do when it comes to print products.”

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