Heidelberg Reports Lower Sales Volume than Expected

Furthermore, the recently signed collective labour agreement on partial retirement may lead to further provisions of up to 30 million Euro; the coming into effect of this regulation and the accounting treatment of the issue however still need to be clarified by associations and financial auditors.

Free cashflow in second quarter will, according to first preliminary calculations, amount to minus 70 to minus 90 million Euro, mostly due to the lower sales volume.