Covid-19 pandemic and measures to boost profitability have considerable impact
During a challenging financial year 201920 (April 1, 2019 to March 31, 2020), business operations at Heidelberger Druckmaschinen AG (Heidelberg) was impacted by the increasingly deteriorating economic environment caused by the Covid-19 pandemic. Based on preliminary figures yet to be audited, Group sales amounted to 2,349 million, some 6 percent down on the previous year. Restrained investment activity caused by the economic circumstances had a negative impact on business, first and foremost in Europe.