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

Due to the forecast financial result, the pre-tax result is expected to be negative. In financial year 2012/2013, the proportion of payments relating to FOCUS 2012 will have a significant negative impact on free cash flow, leading temporarily to higher net financial debt. The forecast will be firmed up as soon as there is a clearer picture of the course of developments and post-trade show business.