New perspectives for the Print Media Academy in Heidelberg

"For us, the sale of PMA is the next logical step on our agenda. We are aware that the sale has a signal effect: However, we will remain closely connected to the city as well as the region in the future. At the same time, we are convinced that the change of ownership will open up new, diverse perspectives for the city and the local people," says Rainer Hundsdörfer, CEO of Heidelberger Druckmaschinen AG. "With the proceeds from the sale, we can once again strengthen our liquidity in the persistently challenging Covid 19 environment and further increase our financial stability in the long term through future cost savings."

Heidelberg will retain its headquarters and representative office in rented premises in the PMA and will therefore continue to make company-relevant decisions in the city, including at committee meetings held there.

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.