UNTERNEHMENSNEWS

7:00 | 02.10.2008
DJ DGAP-Adhoc: Heidelberger Druckmaschinen AG: Heidelberger Druckmaschinen AG hereby announces in compliance with Art. 15 of the German Securities Trading Act: Preliminary results for the second quarter 2008/09

DJ DGAP-Adhoc: Heidelberger Druckmaschinen AG: Heidelberger Druckmaschinen AG hereby announces in compliance with Art. 15 of the German Securities Trading Act: Preliminary results for the second quarter 2008/09


Heidelberger Druckmaschinen AG / Quarter Results/Profit Warning 

02.10.2008 

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Heidelberger Druckmaschinen AG hereby announces in compliance with Art. 15
of the German Securities Trading Act 

Preliminary results for the second quarter 2008/09 

- Sales in Q2 between 800 und 820 million Euro
- Operating result (EBIT) in Q2 negative 

Heidelberger Druckmaschinen AG (Heidelberg) will, based on first
calculations, achieve sales between 800 and 820 million Euro in the second
quarter of the current financial year 2008/09 (July 1 to September 30).
Thus, sales volume is less than expected for the quarter following drupa
trade fair and decreased by 10 percent compared with the same quarter in
the previous financial year. Based on orders generated at drupa, Heidelberg
had expected a stronger increase in sales in comparison to the first
quarter of the current financial year, but recognises significant
reluctance to invest in all regions because of the actual economic
situation. 

Operating result (EBIT) in second quarter will likely reach, due to
declining sales and continuing negative effects, - without restructuring
costs - up to minus 20 million Euro. In addition, the restructuring costs
caused by the comprehensive package of measures in second quarter will
amount to up to 20 million Euro. 

Furthermore, the recently signed collective labour agreement on partial
retirement may lead to further provisions of up to 30 million Euro; the
coming into effect of this regulation and the accounting treatment of the
issue however still need to be clarified by associations and financial
auditors. 

Free cash-flow in second quarter will, according to first preliminary
calculations, amount to minus 70 to minus 90 million Euro, mostly due to
the lower sales volume. 

The implementation of the comprehensive package of measures to enhance the
cost structure decided on in the first quarter is on track. The package
will be expanded according to the economic development. With the
announcement of the final quarterly/half-yearly results on November 6
Heidelberg will provide a forecast for the whole financial year
2008/09. 

Contact:
Heidelberger Druckmaschinen AG
Corporate Communications
Thomas Fichtl
Tel.: +49 6221 92 4747
Mobil: +49 173 3186947
Fax: +49 6221 92 5069
E-Mail: thomas.fichtl@heidelberg.com 

02.10.2008  Financial News transmitted by DGAP 

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Language:     English
Issuer:       Heidelberger Druckmaschinen AG
              Kurfürsten-Anlage 52-60
              69115 Heidelberg
              Deutschland
Phone:        +49 (0)6221 92-60 21
Fax:          +49 (0)6221 92-51 89
E-mail:       investorrelations@heidelberg.com
Internet:     www.heidelberg.com
ISIN:         DE0007314007
WKN:          731400
Indices:      MDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Hannover, Düsseldorf, Hamburg, München, Stuttgart 

End of News                                     DGAP News-Service 

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(END) Dow Jones Newswires

October 02, 2008 01:00 ET (05:00 GMT)


Weitere Meldungen
26.03.2009 DJ DGAP-Adhoc: Heidelberger Druckmaschinen AG: Heidelberger Druckmaschinen AG steps up package of cost-cutting measures significantly
02.10.2008 DJ DGAP-Adhoc: Heidelberger Druckmaschinen AG: Die Heidelberger Druckmaschinen AG teilt gemäß § 15 WpHG mit: Vorläufige Ergebnisse für das zweite Quartal 2008/09
31.03.2008 DJ DGAP-Adhoc: Heidelberger Druckmaschinen AG: Heidelberger Druckmaschinen AG hereby announces in compliance with Art. 15 of the German Securities Trading Act:

 

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