Heidelberger Druckmaschinen AG (Heidelberg) significantly improved profitability in the second quarter of financial year 2013/2014 (July 1 to September 30, 2013). As expected, the operating result (EBITDA) in the second quarter was clearly above the previous year’s figure. EBITDA for the first half of the year also improved considerably and was positive overall. Net financial debt fell slightly due to the positive free cash flow.
“We have succeeded in improving profitability significantly in the first half of the year,” said Heidelberg CEO Gerold Linzbach. “Given regional and exchange rate constraints, we even exceeded our expectations, having made major progress toward achieving our target for the year of a net profit. Our confidence that we will be able to further build on this significantly in the next financial year is growing in light of the improvements at all levels.”
