Heidelberg Achieves Key Milestone with a Positive Operating Result Excluding Special Items

"Our Focus 2012 efficiency program is being implemented as planned. Given the changed market conditions, we have intensified a number of measures to secure our future profitability targets," relayed Heidelberg CFO Dirk Kaliebe. "Heidelberg has a sound financial footing and benefits from a stable liquidity framework. The strong free cash flow in the final quarter has reduced the net financial debt to a low level."