Heidelberg Releases Final Half-Year Figures, Including Stable Sales

Outlook
Heidelberg continues to believe that economic uncertainties will have a restraining influence on investment behavior in our industry during the second half of the financial year. The distortions in the capital markets and the weaker overall economic momentum have once more clearly increased uncertainties respecting further cyclical trends compared with the first quarter 2011/2012. The order backlog for Heidelberg is highly differentiated internationally, and is influenced on the one hand by the continuing uncertainties in the US, Japan, and the Mediterranean countries, and on the other hand by the favorable business trend in China and South America.