Heidelberg Posts Sales Gain, On Track to Break Even

Financial liabilities at the end of the quarter were EUR 369 million. Net financial debt dropped to EUR 220 million in the third quarter, while the equity ratio increased from around 30 percent in the previous quarter to approximately 33 percent.

Business results in the divisions
In the Heidelberg Equipment Division, incoming orders of EUR 402 million in the third quarter were up on both the previous year and the preceding quarter. Sales increased again in the third quarter to EUR 417 million. This high growth is primarily the result of higher sales of medium- and large-format sheetfed offset presses. The result of operating activities before special items improved significantly in the first nine months of the financial year by around a third to EUR -95 million (previous year: EUR -147 million).