Heidelberg Sees Incoming Orders Rise as Quarterly Sales Lag

HEIDELBERG, GERMANY—July 13, 2012—Thanks to a good showing at drupa trade fair, Heidelberger Druckmaschinen AG (Heidelberg) has made a positive start to financial year 2012/2013 (April 1, 2012 to March 31, 2013).

Highlights:

• Strongest start to financial year for four years, with incoming orders climbing to around €890 million.
• Order backlog grows significantly to around €850 million.
• Sales in line with expectations at around €520 million.
• Result of operating activities excluding special items of approximately €-58 million.

Based on preliminary calculations, incoming orders for the first quarter increased to some €890 million (previous year €665 million)—the highest level in four years. As expected, preliminary sales for the same period were slightly down at around €520 million (previous year €544 million). The lower sales figure compared to both the previous year and the previous quarter is a result of customers' reluctance to invest in the run-up to drupa, the industry trade show that took place in May 2012 in Düsseldorf, and the associated low order backlog at the start of the quarter.