-
Preliminary incoming orders with about EUR 530 million and
preliminary sales with about EUR 500 million in the second
quarter 2009/10 roughly on a par with the previous quarter
-
Heidelberg Management Board expects continuing reticence to
invest in the print media industry in the current financial
year
-
Management Board forecasts EBIT between minus EUR 110
million and minus EUR 150 million for the 2009/10 financial
year as a whole
Based on an initial analysis of business development in the
second quarter (July 1 to September 30) of the 2009/10 financial
year and in light of the latest economic and market forecasts,
Heidelberger Druckmaschinen AG (Heidelberg) does not expect the
level of investment in the print media industry to rise in the
current financial year. According to preliminary calculations,
incoming orders with about EUR 530 million and sales with about EUR
500 million in the second quarter are roughly on a par with the
previous quarter. The international order situation shows a mixed
picture. It is characterized by the difficult situation in the
United States, Japan and some European markets and cannot be
compensated for by the positive business trend of individual
markets in Europe and Asia. As a result of low advertising budgets,
customers are still running well below capacity, which is expected
to result in a continued reticence to invest.
For the subsequent quarters in the 2009/10 financial year,
the Heidelberg Management Board expects no significant increase in
incoming orders and sales over the previous quarters, which means
that the results will likely fall short of the company's
expectations. Consequently, for the financial year as a whole,
Heidelberg sales will again fall far short of the level of the
2008/09 financial year. As a result of this low sales volume, the
Management Board expects an operating result (EBIT) between minus
EUR 110 million and minus EUR 150 million. Heidelberg is currently
realizing its package of cost-cutting measures. In addition, the
agreements reached so far will furthermore allow the company to
flexibly adapt labor costs.
The final figures for the second quarter financial year
2009/10 will be published on November 10th, 2009.
For further information:
Heidelberger Druckmaschinen AG
Investor Relations
Andreas Trösch
Tel: +49 (0)6221- 92 6020
Fax: +49 (0)6221- 92 5189
E-mail:
Andreas.Troesch@Heidelberg.com
Important Note
This press release contains forward-looking statements based
on assumptions and estimations by the Management Board of
Heidelberger Druckmaschinen Aktiengesellschaft. Even though the
Management Board is of the opinion that those assumptions and
estimations are realistic, the actual future development and
results may deviate substantially from these forward-looking
statements due to various factors, such as changes in the
macro-economic situation, in the exchange rates, in the interest
rates and in the print media industry. Heidelberger Druckmaschinen
Aktiengesellschaft gives no warranty and does not assume liability
for any damages in case the future development and the projected
results do not correspond with the forward-looking statements
contained in this press release.