Heidelberg Initiates Further Reorganization; Announces Financial Targets, Site Consolidation

During the reporting year, the company's financing structure was further optimized and appropriately diversified - with regard to both financing sources and maturity profile. Heidelberg currently has total credit facilities of about € 790 million at its disposal until financial year 2017/2018.

"Our stable financing framework and the stronger capital structure due to the new anchor investor give us the freedom to carry out our planned strategic measures promptly," stressed Kaliebe.