Heidelberg Posts Sales Gain, On Track to Break Even

Simplified financing structure at Heidelberg
Heidelberg used all the net proceeds from the capital increase in the second quarter to repay financial liabilities and reduce existing loan agreements by approximately EUR 400 million. This reduced the company's future interest expenditure significantly. During the quarter under review, Heidelberg repaid the remaining EUR 100 million of the loan from the special program of the KfW in full and ahead of schedule following reallocation within the financing structure. With total financing reduced to just under EUR 900 million, the basis for future refinancing at the Heidelberg Group is considerably improved.