Heidelberg Publishes Preliminary Figures for Financial Year 2009/10

* Incoming orders in the financial year as a whole added up to EUR 2.371 billion
and to EUR 678 million in the fourth quarter
* Fourth quarter with increased sales volume and positive operating result
excluding special items
* Cautious investment behavior impacts on sales and profit for the year as a
whole
* Figures confirm company's own forecasts

HEIDELBERG, Germany--(Business Wire)--
As expected, Heidelberger Druckmaschinen AG (Heidelberg) (FWB: HDD) recorded a
significant fall in sales and profit in financial year 2009/10 (April 1, 2009 to
March 31, 2010) due to the overall cautious investment behavior in the print
media industry. The company's own forecast made in October 2009 has been borne
out.

At a total of EUR 2.371 billion, preliminary incoming orders were below the
previous year's figure of EUR 2.906 billion but showed a marked upward trend in
the second half of the financial year. Preliminary sales by the Heidelberg Group
fell to EUR 2.306 billion (previous year: EUR 2.999 billion). The savings from
the package of cost-cutting measures were achieved ahead of schedule and
mitigated the results significantly, particularly in the second half of the
year. They were therefore able in large part to compensate for the shortfall in
profit contributions resulting from the substantial decrease in sales. The
preliminary operating result, excluding special items, came to EUR -130 million
at the end of the financial year (previous year: EUR -49 million) and was thus
in line with the most recent forecast. Special items for restructuring measures
amounted to a total of EUR 28 million during the financial year as a whole.

"The Heidelberg Group was able to maintain its leading market position and
expand in a number of sectors in what was a difficult market environment in
financial year 2009/10. A marked upward trend was evident in the second half of
the year, which was primarily influenced by the traditionally strong fourth
quarter. Now the aim of our further cost-cutting measures introduced at the end
of March is to achieve a break-even operating result for the next financial year
assuming stable economic development and furthermore an economic value added
(EVA) in all areas of business in the medium term," said Heidelberg CEO Bernhard
Schreier.

The upward trend that was already apparent within the financial year as a whole
continued in the fourth quarter (January 1 to March 31, 2010). "We recorded a
further increase in our sales volume of around 24 percent on the previous
quarter and, for the first time since the economic and financial crisis started,
we achieved a positive operating result excluding special items," said the
company's CFO Dirk Kaliebe. "The level of incoming orders in the fourth quarter
of around EUR 680 million underlines the fact that our business volume has
stabilized amid a slight improvement in economic conditions. Compared to the
previous year, the free cash flow has considerably improved over the year as a
whole thanks in part to successful working capital management."

However, the sales mix and non-recurring costs resulting from factors such as
statutory partial retirement had a temporary negative impact on the operating
result. The cost cutting measures have successfully been realized also in the
fourth quarter of the financial year.

At EUR 678 million, preliminary incoming orders in the fourth quarter were up on
the level of the previous quarter (EUR 609 million) and well above the figure
for the same quarter of the previous year (EUR 474 million). Preliminary sales
rose to EUR 715 million (previous quarter: EUR 578 million). The preliminary
operating result excluding special items improved, rising to EUR 11 million from
EUR -13 million in the third quarter. In the fourth quarter alone, special items
amounted to EUR 48 million. The preliminary free cash flow was EUR -46 million
(previous quarter: EUR 3 million). In the financial year as a whole the
preliminary free cash flow improved to EUR -62 million compared to the previous
year (previous year: EUR -201 million).

Employee numbers fell by a further 1,524 in the fourth quarter of 2009/10. As of
March 31, 2010, the Heidelberg Group thus had a workforce of 16,496 worldwide
(previous year: 18,926).

For additional details, please visit the Internet Press Lounge at
www.heidelberg.com.

Other dates:

Publication of the final figures for financial year 2009/2010 is scheduled for
June 15, 2010.

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.

Heidelberger Druckmaschinen AG
Corporate Public Relations
Thomas Fichtl
Phone: +49 6221 92 5900
Fax: +49 6221 92 5069
E-Mail: thomas.fichtl@heidelberg.com

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