Heidelberg outlines short-term plans

Heidelberg has outlined its short-term aspirations, including an aim to achieve an EBITDA margin of no less than eight percent as early as the 2015/16 financial year.

Dr Gerold Linzbach addressing the 2013/14 Heidelberg AGM

Around 1,750 shareholders participated in the Heidelberg AGM for the 2013/2014 financial year, which was held at the Congress Center Rosengarten in Mannheim, Germany. Approximately 29 percent of Heidelberg's share capital was represented at the event.

At the AGM, the management board discussed the company's strategy and the balance sheet figures for the past financial year.

In his speech, Heidelberg chief executive officer Dr Gerold Linzbach (pictured) analyzed where he feels Heidelberg is currently at and then highlighted where the company is heading.

Following five years of losses, the net profit for financial year 2013/2014 was four million EUR, with the next step to secure the group's sustained profitability in the years ahead by expanding growth segments, implementing portfolio measures and introducing structural cost projects.

The aim is to achieve an EBITDA margin of no less than eight percent as early as the 2015/16 financial year.

The scheduled publication date for the financial statements for the first quarter of the 2014/2015 financial year is August 13.

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