Transformation of Heidelberg already showing effects in first quarter of 2020/2021

PRNewswire

Aug 13, 2020

- As expected, sales and incoming orders still significantly impacted by COVID-19 pandemic, but steady signs of recovery discernible

- Earnings from restructuring the company pension plans deliver EBITDA excluding restructuring result of € 60 million

- Sale of Gallus Group and CERM N.V. expected to yield earnings in mid-double-digit million euro range later in the current financial year

- Early repayment of high-yield bond in September to result in sustainable improvement of the financial result

- Forecast for financial year 2020/21 unchanged

PR Newswire

HEIDELBERG, Germany, Aug. 13, 2020

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