Heidelberger Druckmaschinen AG

  • WKN: 731400
  • ISIN: DE0007314007
  • Land: Deutschland

Nachricht vom 02.02.2021 | 10:00

Heidelberger Druckmaschinen AG: New perspectives for the Print Media Academy in Heidelberg

DGAP-News: Heidelberger Druckmaschinen AG / Key word(s): Disposal
02.02.2021 / 10:00
The issuer is solely responsible for the content of this announcement.

Heidelberger Druckmaschinen AG (Heidelberg) continues to systematically implement its strategic agenda: As part of the planned site and structural optimization measures, the company is selling the Print Media Academy (PMA) in Heidelberg to a Luxembourg-based investment company. A corresponding purchase agreement has been signed. The sale paves the way for a new, forward-looking use of the building at a central location in the city. Heidelberg is achieving a purchase price in the low double-digit million-euro range. As an agile, modern company, Heidelberg is committed to short distances and efficient use of space. This means that employees are as close together as possible at the central site in Wies-loch/Walldorf. With this in mind, Heidelberg had already moved the few employees still working at PMA to Wiesloch/Walldorf in 2020.

"For us, the sale of PMA is the next logical step on our agenda. We are aware that the sale has a signal effect: However, we will remain closely connected to the city as well as the region in the future. At the same time, we are convinced that the change of ownership will open up new, diverse perspectives for the city and the local people," says Rainer Hundsdörfer, CEO of Heidelberger Druckmaschinen AG. "With the proceeds from the sale, we can once again strengthen our liquidity in the persistently challenging Covid 19 environment and further increase our financial stability in the long term through future cost savings."

Heidelberg will retain its headquarters and representative office in rented premises in the PMA and will therefore continue to make company-relevant decisions in the city, including at committee meetings held there.

Image material and further information about the company are available in the Investor Relations and Press Lounge of Heidelberger Druckmaschinen AG at
www.heidelberg.com.

Heidelberg IR now on Twitter:
Link to the IR Twitter channel: https://twitter.com/Heidelberg_IR
On Twitter under the name: @Heidelberg_IR

Further information:
Heidelberger Druckmaschinen AG

Corporate Communications
Thomas Fichtl
Phone: +49 6222 82-67123
Fax: +49 6222 82-67129
E-mail: Thomas.Fichtl@heidelberg.com

Investor Relations
Robin Karpp
Phone: +49 6222 82-67120
Fax: +49 6222 82-99 67120
E-mail: robin.karpp@heidelberg.com

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.



02.02.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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