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drupa Trade Show Firms Up the Sector's Cautious Optimism PDF Print E-mail
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Friday, 13 June 2008

On the penultimate day of the drupa trade show in Düsseldorf, Heidelberger Druckmaschinen AG (Heidelberg) draws an encouraging conclusion. "At this point, of course, we can only give our first impressions of how drupa is progressing so far. We will only be able to say with certainty how the interest shown by buyers ultimately translates into real orders and whether it generates actual sales when we publish information on the first quarter at the start of August. I can say, however, that we have so far met our expectations," says Bernhard Schreier, Chief Executive Officer at Heidelberg.

 



2007/2008 Annual Report available now
Today, Heidelberg is also publishing its Annual Report for the 2007/08 financial year. The final figures published by Heidelberg match the preliminary figures issued on May 7.

As already announced, the company will be publishing an informed sales forecast for the 2008/2009 financial year on August 5, 2008 together with the figures for the first quarter. By then, it will be easier to determine what overall impact drupa has had on the operations of Heidelberg.

Regardless of the outcome of drupa, the Management Board will continue to work on processes and measures to improve Heidelberg’s cost and earnings structure. Prior to the Annual General Meeting on July 18, Heidelberg will release details on its specific strategies.

Agenda for the Annual General Meeting of Heidelberg on July 18, 2008 published
A total of 13 items are up for discussion and voting on the agenda of the Annual General Meeting on July 18, 2008 in the Congress Center Rosengarten in Mannheim. The focus will be on elections to the Supervisory Board, convertible bonds, approved capital, and a further share buyback program. The meeting will also put the spotlight on the appropriation of retained earnings and - as already reported - the associated distribution of a dividend of 0.95 Euro per participating share.

The regular elections for all shareholder representatives at Heidelberg are to be held at this year’s Annual General Meeting. As set out in the Aktiengesetz (German Stock Corporation Act), eight members are to be elected for a term of five years. Due to the specified age limit, the current Chairman of the Supervisory Board Dr. Mark Wössner is to be proposed for a reduced tenure of two years. Dr. Siegfried Jaschinski, Robert J. Koehler, Dr. Gerhard Rupprecht and Dr. Klaus Sturany remain available to serve on the Supervisory Board. Dr. Werner Brandt (Member of the Board of Management of SAP AG, Walldorf), Edwin Eichler (Member of the Board of Management of Thyssen Krupp AG, Dusseldorf), and Professor Günther Schuh (University professor and holder of the Chair for Production Systems Technology at the RWTH Aachen University) are to be proposed as new members.

The Annual Report for the financial year 2007/08 will be available on the Internet at the end of June 2008: www.heidelberg.com.

The agenda of the Annual General Meeting can be found in the course of the afternoon under www.heidelberg.com/hd/annualgeneralmeeting.

Source: Heidelberger Druckmaschinen AG





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