Heidelberg Reports Positive Operating Result for First Time in Two Years

Outlook: Break-even pre-tax result targeted for financial year 2011/2012 provided macroeconomic developments remain stable

The annual sales target, which Heidelberg intends to achieve within the next two or three years, has been set at over EUR 3 billion. Assuming that the economic environment will continue to be generally stable, the company expects to gradually approach this target during the current and next financial year. Due to drupa 2012 and the ongoing upswing in the print media industry, the increase in sales in the next year should be greater than in the current financial year. As during the reporting year, growth in the Heidelberg Equipment Division will presumably be stronger than in the less cyclically sensitive Heidelberg Services Division. The company intends to keep its directly financed portfolio in the Heidelberg Financial Services Division as low as possible.