Order levels recovering and transformation taking effect - Heidelberg raises target margin for 2020/21
Share this article Share this article HEIDELBERG, Germany, Feb. 10, 2021 /PRNewswire/ -- Due to the increasingly tangible successes yielded by the company's transformation, plus growing demand from China and, since the third quarter, from Europe, too, Heidelberger Druckmaschinen AG (Heidelberg) is raising its target operating return for financial year 2020/21 as a whole. Consequently, the company anticipates that its EBITDA margin excluding restructuring result will grow to approximately 7 percent, even though the coronavirus pandemic may lead to a sales decline of around € 450 million t...
Source: prnewswire.com