Heidelberger Druckmaschinen AG 

Postfach
69159 Wiesloch
Germany

Gutenbergring
69168 Wiesloch

Matthias Hartung

Phone +49 6222 82-67174
Fax +49 6222 82-9967972

Matthias.Hartung@heidelberg.com
www.heidelberg.com

4 July 2017

Capital market rewards Heidelberg’s digitization strategy		
•	Convertible bond almost fully converted into equity
•	Interest costs reduced by almost five million euros per year

On the due date of 30 June 2017, investors in a mature convertible bond of 60 million euros converted almost 95 percent of their stake into Heidelberg shares. This sees the company’s debts continue to decrease and the yearly costs of interest reduced by around five million euros. At the same time, profitability is increased and the equity ratio rises by almost 2.5 percent. 

“We are very pleased to see the capital market’s confidence in the future of Heidelberg further strengthened. The increased share price and the conversion of the bond into equity are important indicators for us that we have been able to convince investors of our ‘Heidelberg goes digital’ strategy” emphasizes Heidelberg CFO Dirk Kaliebe. 

Heidelberg had introduced the strategy’s three pillars, digital transformation, technological leadership, and operational excellence, at its Annual Press Conference on  8 June. Following its successful and sustainable return to the black, Heidelberg is planning a number of individual measures to achieve continuous growth culminating in Group sales of around EUR 3 billion by 2022. It is also planning to significantly increase profitability to an EBITDA of EUR 250 to 300 million and an after-tax profit of more than EUR 100 million.

“The remarkably high conversion percentage will greatly lower interest costs, thereby strengthening the company’s financial footing and giving Heidelberg additional latitude for accelerated implementation of its digitization strategy,” explains Kaliebe. “We will continue to work on steadily reducing our financing costs in the future also.”

Photo: Investors reward Heidelberg’s digitization strategy and convert mature bond almost entirely into shares.

Image material as well as further information about the company can be found in the Heidelberger Druckmaschinen AG press portal at www.heidelberg.com.

For more information: 
Heidelberger Druckmaschinen AG

Corporate Public Relations
Matthias Hartung
Phone: +49 (0)6222 82-67174
Fax: +49 (0)6222 82-9967972
E-mail: matthias.Hartung@heidelberg.com

Investor Relations
Robin Karpp
Phone: +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 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.