Heidelberg Second-Quarter, Six-Month Results in Line with Expectations

In the coming financial year 2013/2014, the cost reductions resulting from Focus 2012 will be fully effective for the first time and will result in annual savings of approximately €180 million. The compulsory adoption of the new version of IAS 19 from the coming financial year will have effects—depending on the performance of various parameters—on Heidelberg’s income statement. In particular, income estimated to be between €25 million and €30 million currently included under the result of operating activities excluding special items will be reclassified under the financial result.