Heidelberg on Track to Reach Operating Targets

Outlook for financial years 2012/2013 and 2013/2014 confirmed
Heidelberg continues to assume that there will be a clearly positive result of activities excluding special items for financial year 2012/2013 as a whole. Over one-third of the planned savings from Focus 2012 will already take effect in the current financial year. The expenditures required for this purpose, however, will negatively impact the financial result and the free cash flow in both the current and the forthcoming financial year. Net financial debt will increase year-on-year in the current financial year 2012/2013.