Heidelberg Presents Final Half-Yearly Figures

The operating result of the Heidelberg Group in the second quarter of financial year 2008/2009 was well into negative figures at -50 million Euro (previous year: 70 million Euro). This result includes special items totaling 40 million Euro, among them a EUR 22 million provision from the collective labor agreement for partial retirement and the outlay for the package of cost-cutting measures. After adjustments for special items, the operating result for the second quarter was -10 million Euro. Falling sales and the resultant low profit contributions, the start of series production for new products, higher raw material prices, and the remaining costs for drupa all burdened results during the second quarter. The cumulative operating result after two quarters was -85 million Euro (previous year: 96 million Euro) and the net result in the first six months was -95 million Euro (previous year: 44 million Euro).