Heidelberg Records Incoming Order Increase, Sales Decline

HEIDELBERG, GERMANY—August 9, 2011—In the first quarter of financial year 2011/2012 (April 1 to June 30, 2011), after adjusting for exchange rate effects, sales by Heidelberger Druckmaschinen AG (Heidelberg) held stable compared to the previous year and the operating result improved.

• Incoming orders of €665 million in line with expectations.
• After adjustment for exchange rate effects, sales on a par with last year at €544 million.
• Order backlog rises to €718 million.
• Operating result improves to €-25 million (previous year: €-35 million).
• Net financial debt significantly down on previous year at €260 million.
• Outlook for 2011/2012: Break-even pre-tax result still targeted—impact of debt crisis on global economy and thus investment behavior in the industry are difficult to forecast at present.

At €665 million—€690 million after adjusting for exchange rate effects—incoming orders in the first quarter 2011/2012 were in line with the company’s expectations. The prior year’s higher level (€786 million) was mainly due to additional orders generated at the Ipex and ExpoPrint trade shows that took place in the same period of the previous year.