Heidelberg Posts Sales Gain, On Track to Break Even

“Because sales revenues continued to grow as expected and efficiency improvements were also achieved, we generated a positive operating result before special items for the first time in the current financial year,” said Dirk Kaliebe, CFO of the Heidelberg Group. “Thanks to the successful capital increase in September last year and early repayment of the loan from the Special Program of the Reconstruction Loan Corporation (KfW) at the end of December, we were able to further improve our financing structure, significantly reduce our net debt, and further increase our equity ratio. All in all, we have thus created solid conditions for future refinancing.”