Heidelberg’s Sales Flat, but New Products and Organization Promise Long-Term Profitability

• Sales in the Heidelberg Financial Services division held stable compared to the previous year at €15 million (previous year: €16 million). Once again, customers’ financing requirements were largely met by external financing partners. The smaller portfolio of direct financing meant interest income was down and resulted in an operating result excluding special items of €14 million (previous year: €18 million).