Heidelberg Reports Incoming Orders Increased in Third Quarter

"Business has improved slightly as expected and we have made greater savings. This has resulted in a much better operating result in the third quarter," stated Heidelberg CFO Dirk Kaliebe. "The positive free cash flow has enabled us to ensure the continued stability of the Group's net debt. We will also continue to optimize the cost structure at Heidelberg," he explained.

On February 9, 2005, Heidelberg issued a convertible bond that runs until 2012 but can be paid back early in February 2010. In the third quarter of financial year 2009/2010, a majority of the convertible bond investors exercised their right to accelerated repayment in accordance with the bond conditions. Repayment in the fourth quarter of the current financial year will be largely refinanced using the loan from the KfW (Kreditanstalt für Wiederaufbau), which was granted for this purpose as part of the new financing concept.