DGAP-Adhoc

Heidelberger Druckmaschinen AG: Sale of Gallus Group to benpac holding ag not completed - Seite 2

Irrespective of the Gallus transaction, which has not been completed, Heidelberg is already benefiting considerably from the transformation program launched in the current 2020/21 financial year to further stabilize the company financially in the challenging COVID-19 environment and to align it in a future-proof manner in its profitable core business. Since March 2020, net debt has been reduced by more than EUR 250 million from a peak of EUR 390 million, and liquidity has been improved by around EUR 450 million. As a result of the accelerated M&A program, Heidelberg will generate proceeds in the mid-double-digit million euro range from the transactions completed in December 2020 alone.

The market remains challenging due to the currently worsening Covid 19 situation. Heidelberg is therefore systematically continuing its transformation course with the measures initiated for this purpose in order to create further financial scope. In operational terms, the third quarter of the current financial year saw a continuation of the upward trend in sales and incoming orders that has been ongoing since May 2020. Heidelberg continues to expect to achieve its targets for financial year 2020/21 (ending March 31, 2021).

Image material and further information about the company are available in the Investor Relations and Press Lounge of Heidelberger Druckmaschinen AG at
www.heidelberg.com.

Heidelberg IR now on Twitter:
Link to the IR Twitter channel: https://twitter.com/Heidelberg_IR
On Twitter under the name: @Heidelberg_IR

Further information:
Heidelberger Druckmaschinen AG

Corporate Communications
Thomas Fichtl
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]

Investor Relations
Robin Karpp
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]

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.