Heidelberg Notes Significant Rise in Incoming Orders in Half-Year Report

Despite outflows associated with restructuring measures, Heidelberg achieved a positive free cash flow of EUR 7 million in the second quarter. In the first half-year, the free cash flow improved substantially to EUR 69 million following a figure of EUR -18 million in the previous year.

“The restructuring measures of recent years are paying off, as demonstrated by the continued improvement in the operating result and free cash flow,” said Heidelberg CFO Dirk Kaliebe. “What's more, we have used all the proceeds from the successful capital increase to repay our liabilities and have thus significantly reduced our financial burden. Heidelberg now has a much more stable capital structure and is on track to become profitable,” he added.