Heidelberg’s Q4 Preliminary Figures Show Positive Developments in Sales, Operating Result

The preliminary result of operating activities excluding special items continued to improve as the year progressed, reaching around €20 million in the quarter under review (previous year: €30 million). The higher provision for risks had a negative impact. As a result of Eastman Kodak currently being subject to Chapter 11 proceedings under the U.S. Bankruptcy Code, this provision was in the low double-digit million euro range. Heidelberg sublets an administrative and production building in Rochester, NY, to Kodak and the associated provision for risks is an appropriate response to the current appraisal of the situation.