Heidelberg Achieves Key Milestone in Financial Year 2012/2013 with Clearly Positive Operating Result

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Heidelberg Achieves Key Milestone in Financial Year 2012/2013 with Clearly Positive Operating Result Excluding Special Items

  • Sales up 5 percent at EUR 2.735 billion

  • EBITDA excluding special items improves to EUR 111 million, with clearly positive EBIT excluding special items of EUR 28 million

  • Special items and negative financial result lead to net loss for the year

  • Free cash flow excluding payments for Focus 2012 clearly positive at around EUR 44 million (including Focus 2012: EUR -18 million)

  • Net debt remains stable at EUR 261 million

  • Outlook confirmed - net profit is target for financial year 2013/2014

  • Strategic business areas geared toward long-term profitability

HEIDELBERG, Germany--(BUSINESS WIRE)-- Heidelberger Druckmaschinen AG (FWB: HDD) has reached a key milestone on its way to long-term profitability by meeting its own forecasts and achieving a clearly positive operating result excluding special items in financial year 2012/2013 (April 1, 2012 to March 31, 2013). The next step in the strategic process is for Heidelberg to turn a profit again in the current financial year 2013/2014 and to record a positive net result after a series of losses since the crisis year 2008. The medium-term goal is to further reduce the company's debt level to no more than twice the operating result before depreciation and amortization. This will give Heidelberg the greater flexibility needed for assessing and optimizing its portfolio based on its future profitability. To achieve this, Heidelberg addressed the operating segments and made a start on revising and adapting the Group's business areas (BAs) in the year under review.

"In the financial year just closed, we introduced the necessary steps to return to profitability in financial year 2013/2014," said Heidelberg CEO Gerold Linzbach. "Heidelberg now has a more flexible setup with clearly assigned responsibilities. We are focusing our full attention on our profitability by adapting to the market situation. We will make strategic adjustments to the portfolio and increasingly focus on business areas that offer the potential to achieve long-term profitability," he added.


The full content with additional details can be found at www.heidelberg.com.

Images and further company information are available in the press portal of Heidelberger Druckmaschinen AG at www.heidelberg.com.

The 2012/2013 annual report can be accessed at 7 a.m. CET on June 13, 2013 at www.heidelberg.com.

Other dates:

The Heidelberg Annual General Meeting will take place on July 23, 2013.

The figures for the first quarter of financial year 2013/2014 are due to be published on August 13, 2013.

Important note:

This press release contains forward-looking statements based on assumptions and estimations by the Management Board of Heidelberger Druckmaschinen Aktiengesellschaft. Even though the Management Board is of the opinion that those assumptions and estimations are realistic, the actual future development and results may deviate substantially from these forward-looking statements due to various factors, such as changes in the macro-economic situation, in the exchange rates, in the interest rates and in the print media industry. Heidelberger Druckmaschinen Aktiengesellschaft gives no warranty and does not assume liability for any damages in case the future development and the projected results do not correspond with the forward-looking statements contained in this press release.



Heidelberger Druckmaschinen AG
Corporate Public Relations
Thomas Fichtl, +49 (0)6221 92-5900
Fax: +49 (0)6221 92-5088
thomas.fichtl@heidelberg.com
or
Investor Relations
Robin Karpp, +49 (0)6221 92-6020
Fax: +49 (0)6221 92-5189
robin.karpp@heidelberg.com

KEYWORDS: Europe Germany

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