Heidelberger Druckmaschinen AG (LTS:0OC2)
€ 1.267 0.006 (0.48%) Market Cap: 386.51 Mil Enterprise Value: 348.51 Mil PE Ratio: 9.55 PB Ratio: 0.73 GF Score: 66/100
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Q1 2020 Heidelberger Druckmaschinen AG Earnings Call Transcript

Aug 06, 2019 / 11:00AM GMT
Release Date Price: €0.9625 (+1.80%)
Rainer HundsdÃ;rfer
Heidelberger Druckmaschinen Aktiengesellschaft - Chairman of Management Board, CEO & Chief HR Officer

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Thank you very much. Ladies and gentlemen, hello from Wiesloch. I'd like to welcome you to our Q1 conference call, and I'm glad to tell you about what has happened in the last 3 months. The first quarter certainly did not go as we had imagined. This was due to the reluctance of many customers to invest due to the economic slowdown, especially in Central Europe, as we have already communicated on several occasions. The numerous profit revisions carried out by other companies in the industry sector shows that this does not affect Heidelberg only. However, the quarter and our situation are by no means as bad or negative as some are currently describing. I would, therefore, like to make it quite clear today that Heidelberg is well on the way to achieving its strategic goals and establishing the company as a profitable player in the long term. Heidelberg has introduced numerous innovations that are almost revolutionary for our group, but which, as we have several times,

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