Heidelberger Druckmaschinen AG Hereby Announces in Compliance with Art. 15 of the German Securities Trading Act: Preliminary Res

  
    
  
  
    
      Heidelberger Druckmaschinen AG (Heidelberg) (FWB: HDD) will, based on 
      first calculations, achieve sales between 800 and 820 million Euro in 
      the second quarter of the current financial year 2008/09 (July 1 to 
      September 30). Thus, sales volume is less than expected for the quarter 
      following drupa trade fair and decreased by 10 percent compared with the 
      same quarter in the previous financial year. Based on orders generated 
      at drupa, Heidelberg had expected a stronger increase in sales in 
      comparison to the first quarter of the current financial year, but 
      recognises significant reluctance to invest in all regions because of 
      the actual economic situation.
    
    
      Operating result (EBIT) in second quarter will likely reach, due to 
      declining sales and continuing negative effects, – 
      without restructuring costs – up to minus 20 
      million Euro. In addition, the restructuring costs caused by the 
      comprehensive package of measures in second quarter will amount to up to 
      20 million Euro.
    
    
      Furthermore, the recently signed collective labour agreement on partial 
      retirement may lead to further provisions of up to 30 million Euro; the 
      coming into effect of this regulation and the accounting treatment of 
      the issue however still need to be clarified by associations and 
      financial auditors.
    
    
      Free cash-flow in second quarter will, according to first preliminary 
      calculations, amount to minus 70 to minus 90 million Euro, mostly due to 
      the lower sales volume.
    
    
      The implementation of the comprehensive package of measures to enhance 
      the cost structure decided on in the first quarter is on track. The 
      package will be expanded according to the economic development. With the 
      announcement of the final quarterly/half-yearly results on November 6, 
      2008 Heidelberg will provide a forecast for the whole financial year 
      2008/09.
    
    
      Important note:
    
    
      This Press Information contains statements about future development that 
      are based on assumptions and estimates by the management of Heidelberger 
      Druckmaschinen Aktiengesellschaft. Even if the management is of the 
      opinion that these assumptions and estimates are accurate, future actual 
      developments and future actual results may differ significantly from 
      these assumptions and estimates due to a variety of factors. These 
      factors can include changes to the overall economic climate, changes to 
      exchange rates and interest rates and changes in the graphic arts 
      industry. Heidelberger Druckmaschinen Aktiengesellschaft provides no 
      guarantee that future developments and the results actually achieved in 
      the future will agree with the assumptions and estimates set out in this 
      press release and assumes no liability for such.