Heidelberger Druckmaschinen AG: Heidelberger Druckmaschinen AG informs in compliance with Section 15 of the German Securities Trading Act (WpHG)

Heidelberger Druckmaschinen AG  / Key word(s): Preliminary Results

19.10.2010 18:07

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Heidelberger Druckmaschinen AG informs in compliance with Section 15 of the
German Securities Trading Act (WpHG)

* Considerably improved preliminary operating result expected between EUR
-5 million and EUR -10 million
* Preliminary sales at EUR 633 million and preliminary incoming orders at
EUR 651 both up on previous year
* Management Board confirms forecast for current financial year 

The positive development in operational business at Heidelberger
Druckmaschinen AG (Heidelberg) continued in the second quarter of financial
year 2010/2011 (July 1 to September 30, 2010). Based on preliminary
calculations, incoming orders were up on the previous year's level (EUR 534
million) at EUR 651 million, whereof some EUR 39 million is accounted for
by exchange rate effects. Although this figure is lower than the previous
quarter, which was boosted by special items such as exchange rate effects
and trade shows, incoming orders are in line with the company's own
planning. Preliminary sales climbed significantly against the previous year
(EUR 499 million) to EUR 633 million, including exchange rate effects of
some EUR 38 million, and were thus also up on the previous quarter. Thanks
to the successful restructuring measures, the preliminary operating result
excluding special items is within the range of EUR -5 million and EUR -10
million - and thus has clearly improved compared to the previous year's
quarter (EUR -65 million) and the previous quarter (EUR -35 million).

Earnings from special items totaled EUR 7 million in the second quarter of
the current financial year 2010/2011. The preliminary financial result in
the second quarter is around EUR -50 million (previous year: EUR -27
million). Financing costs and non-recurring expenditures for the repayment
of loans from the proceeds of the capital increase were among the items
having a negative impact on this result.

Despite the outflow of funds associated with restructuring measures,
Heidelberg achieved a slightly positive free cash flow in the second
quarter which was in line with expectations.

For the current financial year 2010/2011, Heidelberg continues to expect a
moderate growth in sales. The operating result will benefit from increasing
profit contributions and the savings achieved so far. Assuming stable
economic developments, Heidelberg is still striving for a break-even
operating result in the current financial year. The forecast of economic
developments reflected in the company's financial year planning takes into
account the respective product mix prevalent in the single markets. As
expected, however, financing costs and non-recurring expenditures for the
repayment of loans from the proceeds of the capital increase will burden
the financial result. The repayment of financial liabilities made possible
by the successful capital increase will improve this situation in the
remaining months of the current financial year. Heidelberg continues to
expect a significant net loss for the current financial year.

The final figures for the second quarter of financial year 2010/2011 are
due to be published on November 10, 2010. 

Important note:
This statement 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.


Contact:
Heidelberger Druckmaschinen AG
Corporate Public Relations
Matthias Hartung  
Tel.: +49 (0)6221 92 5077
Fax: +49 (0)6221 92 5069
E-Mail: matthias.hartung@heidelberg.com






19.10.2010 DGAP's Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Heidelberger Druckmaschinen AG
              Kurfürsten-Anlage 52-60
              69115 Heidelberg
              Deutschland
Phone:        +49 (0)6221 92-60 21
Fax:          +49 (0)6221 92-51 89
E-mail:       investorrelations@heidelberg.com
Internet:     www.heidelberg.com
ISIN:         DE0007314007
WKN:          731400
Indices:      MDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Hamburg, München, Berlin, Düsseldorf, Hannover, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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