Heidelberg Releases Final Half-Year Figures, Including Stable Sales

Due to the economic outlook, it can be expected that demand will be weaker than anticipated during the second half of the financial year, and that sales and the operating result will not reach the level aimed at by Heidelberg. As a consequence, the goal of a balanced pre-tax result will probably not be attained. In an endeavor to increase operating profitability in the current financial year, measures relating to non-personnel costs and the human resources area that can be implemented quickly have been introduced. The company expects that the operating result excluding special items for financial year 2011/2012 will be noticeably better than that of the previous year.