Heidelberger Druck doubles earnings in 2005

According to the preliminary figures for the 2005/2006 financial year, which ends at the end of March, the world's largest manufacturer of printing presses increased its turnover by around 12 percent to EUR 3.586 billion. Profit more than doubled to EUR 135 million compared to EUR 61 million in the previous year. CEO Bernhard Schreier comments that the global economic upturn has stabilized and that his company has benefited from this. For the current financial year, he expects the positive trend in the print media industry to continue. At the end of March, the Group already had an order backlog of around EUR 1 billion, which is on a par with the very high level of the previous year.