Annual General Meeting

Following the return to sustained profitability, Heidelberg will now also be aiming for growth

Around 1,600 shareholders have participated in the Annual General Meeting of Heidelberg for financial year 2016/2017, which was held at the Congress Center Rosengarten in Mannheim.

Around 1,600 shareholders have participated in the Annual General Meeting of Heidelberger Druckmaschinen AG (Heidelberg) for financial year 2016/2017, which was held at the Congress Center Rosengarten in Mannheim (Germany). Close to 30% of the company’s share capital was represented at the event.

Rainer Hundsdörfer, CEO of Heidelberger Druckmaschinen AG, at the AGM for financial year 2016/2017 held at the Congress Center Rosengarten in Mannheim.

The Management Board discussed the company’s strategy and the figures for the past financial year (April 1, 2016 through March 31, 2017) with the shareholders. Rainer Hundsdörfer, Ceo, presented “Heidelberg goes Digital!” in his speech, outlining the future direction for Heidelberg with a strategic focus on technology leadership, digital transformation, and operational excellence. Following the successful turnaround with a return to sustained profitability, Heidelberg will now also be aiming for growth.

AGM of Heidelberger Druckmaschinen AG for financial year 2016/2017 at the Congress Center Rosengarten in Mannheim.

Group sales of around 3 billion euro are being targeted by 2022 through a large number of specific measures. The company has set its sights on a further significant improvement in profitability, with Ebitda of 250 euro to 300 million and a net profit after taxes of over 100 million euro. Sales in financial year 2016/2017 were just over 2.5 billion euro, Ebitda 179 million euro, and the net result after taxes 36 million euro.

Approval from the company’s shareholders was needed for six of the seven items on the AGM agenda, including Oliver Jung’s election to the Supervisory Board. All items on the agenda were approved with a clear majority.

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