Ups and Downs for Heidelberg

The Heidelberg Group recorded an operating result of minus 35 million Euro in the period under review (previous year: 26 million Euro). The net result in the first quarter was minus 39 million Euro (previous year: eight million Euro).

Due to the purchase of Hi-Tech Coatings, the cost of Drupa and falling sales, the free cash flow in the first quarter was clearly below the previous year’s level at minus 211 million Euro (previous year: minus 81 million Euro).