Heidelberg Releases Slightly Positive Preliminary Q2 Numbers, Lowers Expectations for Current Financial Year
(PRESS RELEASE) Based on preliminary calculations, Heidelberger Druckmaschinen AG (Heidelberg) generated incoming orders of EUR 668 million and sales of EUR 636 million in the second quarter of financial year 2011/12 (July 1 to September 30, 2011). As a result, preliminary incoming orders were slightly higher than in the same quarter of the previous year (EUR 650 million). As expected, preliminary sales were higher than in the previous quarter and match the previous year's level (EUR 633 million). The preliminary operating result (EBIT) excluding special items for the second quarter is slightly positive at EUR 5 million, an improvement on the same quarter of the previous year (EUR -6 million). Preliminary free cash flow is EUR -12 million (previous year: EUR 6 million).