Heidelberger Druckmaschinen AG to Discuss The Realignment Investor Call Transcript

Mar 18, 2020 / NTS GMT
Rainer HundsdÃrfer - Heidelberger Druckmaschinen Aktiengesellschaft - Chairman of Management Board, CEO & Chief HR Officer

Thank you. Good morning, ladies and gentlemen.

Our CFO, Marcus Wassenberg, and I would like to warmly welcome you to this webcast. I'm delighted that you have taken the time to participate during the current difficult circumstances. Today, we intend to present the action package for Heidelberg's realignment and explain the measures in final detail.

Yesterday, we agreed on an extensive change that will improve Heidelberg's resilience even and especially in turbulent times and secure our leading market position and profitability over the long term. The current crisis that overshadows all others in terms its rapid evolution presents additional challenges that will be impossible to overcome with the agreed measures. This cannot be emphasized enough. So today, we'll have a liberating effect for Heidelberg, our employees, our customers and not least for our shareholders.

The action package has 3 pillars, 3 central pillars. First, we will

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