AGM for financial year 2018/2019 – Heidelberg continues digital transformation quickly
- Significantly higher proportion of recurring contract sales to make the company less susceptible to cyclical fluctuations in the future
- Focus on improving free cash flow and securing profitability
- Annual General Meeting elects Ms. Li Li to the Supervisory Board and approves all items on the agenda with a clear majority
Rainer Hundsdörfer, CEO of Heidelberger Druckmaschinen AG, at the AGM for financial year 2018/2019 held at the Congress Center Rosengarten in Mannheim.
Ms. Li Li was elected to the Supervisory Board of Heidelberger Druckmaschinen AG by the Annual General Meeting.
AGM of Heidelberger Druckmaschinen AG for financial year 2018/2019 at the Congress Center Rosengarten in Mannheim.
Around 1,200 shareholders today attended the Annual General Meeting of Heidelberger Druckmaschinen AG (Heidelberg) for financial year 2018/2019, which was held at the Congress Center Rosengarten in Mannheim. Just under 36 percent of the company’s share capital was represented at the event.
The Management Board presented the company’s strategy and the figures for the past financial year (April 1, 2018 through March 31, 2019) to the shareholders. Following the successful end to financial year 2018/2019, Heidelberg aims to vigorously pursue its digital transformation. The company is to become less susceptible to economic fluctuations in the future, primarily due to the expansion of innovative digital business models and the higher proportion of recurring contract sales these will bring. Approximately 30 contracts were concluded in financial year 2018/2019 and customer demand is rising, which is why Heidelberg is continuing to expand its subscription offerings. At present, customers are offered a fully inclusive package that combines equipment, services, software and consumables in one usage-based contract that runs over several years. In the future, customers will also be able to combine and utilize individual components from this offering over a defined period of time and in line with set standards. This will enable them to switch to usage-based service models in a phased process. In the medium term, approximately a third of overall sales and around two thirds of lifecycle sales at Heidelberg are to be generated on a sustainable basis through contract business.