Heidelberg's Incoming Orders Above Expectations in Preliminary Q1 Report

In the first quarter, the preliminary free cash flow will be in the region between EUR 50 million and EUR 60 million and thus far in excess of the same period of the previous year (EUR -29 million). The positive development in free cash flow is largely due to an improved working capital management, including higher customer prepayments and optimized payment flow for capital expenditure. Though, the previously stated information does not point to any continuation or substantial improvements of this development in the remainder of the financial year compared to earlier forecasts of the free cash flow for financial year 2010/11.