During a challenging financial year 2019/20 (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.
Covid-19 pandemic and measures to boost profitability have considerable impact on figures for FY 2019/20
Total sales approximately 6 percent below previous year – EBITDA margin excluding effects of restructuring at 4.3 percent
At € –343 million, net result after taxes impacted by planned restructuring expenses and Covid-19 effects
Net financial debt considerably reduced from € 250 million to € 43 million
Negotiations about package of measures to boost profitability nearly completed