Heidelberger Druckmaschinen AG (OTCPK:HBGRF)
$ 1.02 0 (0%) Market Cap: 333.72 Mil Enterprise Value: 385.63 Mil PE Ratio: 4.17 PB Ratio: 0.60 GF Score: 64/100
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Q1 2021 Heidelberger Druckmaschinen AG Earnings Call Transcript

Aug 13, 2020 / 12:00PM GMT
Release Date Price: $0.58
Rainer HundsdÃ;rfer
Heidelberger Druckmaschinen Aktiengesellschaft - Chairman of Management Board & CEO

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Thank you, ladies and gentlemen. Welcome to our press call on the occasion of the publication of our key figures for the first quarter of FY 2020/'21 -- this -- today.

Together, my colleague, Marcus Wassenberg and I will be presenting the highlights and most important huge developments at Heidelberg. Afterwards, we will be available to answer your questions as usual.

The start of our new fiscal year was marked by 2 main impacts: one, the effects of the COVID-19 pandemic continued to pose major challenges, particularly for export companies such as Heidelberg. As already announced at the annual press conference in June and just a few days ago at our Annual General Meeting, our sales and incoming orders were, as expected, heavily impacted by the pandemic. However, the first signs of recovery in incoming orders have been steadily noticeable as the economy picks up worldwide. As things stand at the present, we can say that we saw the bottom in April. As the feedback

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