Bernhard Schreier, CEO of Heidelberg said the preliminary figures show the press manufacturer’s organizational and strategic realignment is taking effect.

He says, “In the medium term, expected growth within the strategically important areas packaging printing, services, and consumables as well as continuing favorable developments in the emerging countries will additionally support Heidelberg’s success.”

For the full year Heidelberg expects a moderate growth in sales and is striving for a break-even operating result. The forecast of economic developments reflected in the company’s financial year planning takes into account the respective product mix prevalent in the single markets.

The company adds that financing costs and non-recurring expenditures for the repayment of loans from the proceeds of the capital increase will burden its financial result. Heidelberg continues to expect a significant net loss for the current financial year.

Also commenting, Dirk Kaliebe, CFO of the company says, “With the successful capital increase we were able to considerably reduce our financial debt, and to strengthen the financial stability of the Heidelberg Group in the long term.

“Additionally, due to the enhanced financing structure we have implemented a solid basis for sustainable growth enabling us to break even quickest possible.”

The final figures for the second quarter of financial year 2010-11 are due to be published on November 10.

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