08/31/2021 10:54 a.m. CEST
Ad hoc - Notification pursuant to Article 17 MAR
of
HEIDELBERGER DRUCKMASCHINEN Aktiengesellschaft,
Heidelberg
(ISIN DE0007314007)
Heidelberger Druckmaschinen AG
Heidelberg sells software subsidiary Docufy GmbH to Elvaston Capital Management
Heidelberg, August 31, 2021
As part of its focus on core activities and announced portfolio adjustments, Heidelberger Druckmaschinen AG (Heidelberg) has sold its subsidiary Docufy GmbH, Bamberg, to the investment company Elvaston Capital Management GmbH, Berlin. With 120 employees, Docufy is a leading premium provider in Germany of professional software solutions for the management of product information and product knowledge. A corresponding purchase agreement was signed today and will be completed on the same day. Heidelberg expects the sale to generate extraordinary income/disposal gains of more than 20 million Euro.
As overall asset management income is expected to be higher than was foreseeable at the beginning of the 2021/22 financial year, the company now expects the range for the EBITDA margin for the full year to be 7-7.5% (previously: 6-7%).
Further information:
Corporate Communications
Thomas Fichtl
Telefon: +49 6222 82- 67123
Telefax: +49 6222 82- 67129
E-Mail: Thomas.Fichtl@heidelberg.com
Investor Relations
Robin Karpp
Tel: +49 (0)6222 82-67120
Fax: +49 (0)6222 82-99 67120
E-Mail: robin.karpp@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 macroeconomic 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.
