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

The financial result improved as expected in the year under review by €59 million to €-90 million (previous year: €-149 million). This was mainly caused by the improvement in the capital structure due to the previous year’s successful capital increase and the significant reduction in tied-up capital as a result of active asset management. Tax of €1 million contributed to an annual loss of €-230 million (previous year: €-129 million). A proposal will therefore be put to the Annual General Meeting not to pay a dividend for the year under review.