Heidelberg’s Q4 Preliminary Figures Show Positive Developments in Sales, Operating Result
The preliminary free cash flow for the fourth quarter developed favorably to around €30 million (previous year: €-16 million) and was therefore better than expected by the company.
“Thanks to consistent asset management, we achieved a positive free cash flow also for the past financial year and managed to keep net debt at a low level,” said Heidelberg CFO Dirk Kaliebe. “Heidelberg is on a stable footing. Our FOCUS 2012 efficiency program will help us achieve our earnings targets,” he added.
In March 2012, Heidelberg started implementing the Focus 2012 efficiency program in Germany, too. This program is intended to achieve sustainable savings of €180 million and an operating result excluding special items of around €150 million in financial year 2013/2014.
As of March 31, 2012, the Heidelberg Group had a workforce of approximately 15,400 worldwide (including trainees).
The scheduled publication date for the final figures for financial year 2011/2012 is June 14, 2012.