Heidelberg Reports Incoming Orders Increased in Third Quarter

• Q3 incoming orders up on previous year at EUR 609 million
• Q3 operating result, excluding special items, of EUR -13 million
• Positive free cash flow of EUR 3 million in Q3

Incoming orders in the third quarter of financial year 2009/2010 amounted to EUR 609 million, 14.7 percent up on the previous quarter's level of EUR 534 million and roughly nine percent higher than the figure for the same quarter the previous year (EUR 560 million). This was the highest level for five quarters. Incoming orders after nine months (April 1 to December 31, 2009) totaled EUR 1.693 billion (previous year: EUR 2.432 billion). A key factor in the previous financial year was the volume of orders resulting from the drupa trade show in May 2008.