Heidelberg Achieves Significant Improvement in Result for Q1 of 2013/2014

Free cash flow, including payments for Focus totaling EUR 31 million, at break-even; net debt at the same level

Thanks to the continuation of comprehensive asset management and the net working capital program, the free cash flow reached break-even in the first quarter. This was a sizable improvement of around EUR 112 million compared to the figure for the same quarter of the previous year.