manroland Files Petition to Initiate Insolvency Proceedings

At the same time, intensive competition in the face of declining orders has led to even greater pressure on prices and, therefore, to declining contribution margins. The market size is now only at 50 percent of the level before the beginning of the crisis in 2008.

After showing initial signs of recovery from the beginning of the fiscal year and well into the summer, the market took another downturn, particularly in the United States and Western Europe, and in the segment for sheetfed presses. The same goes for activities in China, although business there remains brisk. This downturn had an impact on the entire industry, the force of which was not foreseeable.