We intend to increase Heidelberg’s corporate value by means of our program ‘Heidelberg Excellence’. This program is based on three pillars. We will generate additional sales by offering new products and expanding our business with services, spare parts, and supplies. We will continue our efficiency-boosting and cost reduction measures. In addition to optimizing administrative and sales processes, our focus is primarily on measures to continuously boost efficiency and enhance the streamlining of production and assembly processes, with an important contribution coming from our Heidelberg production system. In the medium term we are aiming at further reducing tied assets through systematic asset management and lowering working capital in terms of sales to 30 percent.