Heidelberg Presents Third Quarter Results

Outlook
For the current financial year 2010/2011, Heidelberg continues to project a modest growth in sales after adjustment for exchange rate effects. The result of operating activities will benefit from the increasing profit contributions as well as from the cost-reduction measures that have been realized so far. Assuming stable economic developments, the company continues to strive for a break-even operating result for the current financial year. When looking at how the economy will develop, the group’s financial year planning takes into account the respective product mix prevalent in the individual markets. Heidelberg continues to focus on limiting the commitment of funds. Nevertheless, the enormous growth in financing costs and the one-time effects resulting from the repayment of financial liabilities from the proceeds of the capital increase will place a heavy burden on the financial result. However, the repayment of financial liabilities following the successful capital increase will have a mitigating effect during the remaining months of the current financial year. For the current financial year, the company continues to anticipate a marked net loss.