Heidelberg Says Results in Line with Expectations in Difficult Economic Environment

In an endeavor to increase operating profitability in the current financial year, measures relating to material costs and staffing that can be implemented quickly were already introduced in the first six months of the year. The company expects that the operating result excluding special items for financial year 2011/2012 as a whole will be noticeably better than that of the previous year. Although weak demand means it will take longer than originally planned to increase sales to more than €3 billion, Heidelberg is sticking to its medium-term profitability targets.