Heidelberg Initiates Further Reorganization; Announces Financial Targets, Site Consolidation

HEIDELBERG, GERMANY—June 11, 2014—Following five years of losses, Heidelberger Druckmaschinen AG (Heidelberg) has achieved its key goal of making an annual profit. The net profit for financial year 2013/2014 (April 1, 2013 to March 31, 2014) was € 4 million (previous year: € -117 million). The next step is to secure the Group's sustained profitability in the years ahead by expanding growth segments, implementing portfolio measures and introducing structural cost projects. The aim is to achieve an EBITDA margin of no less than 8 percent by financial year 2015/2016.