Heidelberg: 'comprehensive transformation' is paying off Jo Francis Wednesday, June 9, 2021 Heidelberg CEO Rainer Hundsdörfer said the business was now “leaner and more efficient”, and is poised to return to profitability in 2022/23 on the back of a raft of growth initiatives including offering Prinect as a cloud-based contract model. Sheetfed press assembly at Heidelberg's Wiesloch facility Announcing its year-end results for the 2020/21 financial year, the group confirmed the better-than-expected performance trailed in April. Sales slightly exceeded expectations at €1.913bn (£1.64bn), down on the pre-pandemic prior year of €2.349bn. “Due to an uptick in demand – in particular in China, parts of Europe, and in the final quarter in the United States as well – incoming orders increased to around €2bn at the end of the financial year,” Heidelberg stated, with the order backlog increased to €636m “which creates a good basis for the new financial year”.