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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

PRESS RELEASE: Heidelberger Druckmaschinen AG: Modern industrial and commercial park to be built at Wiesloch/Walldorf site

12/23/2020 | 12:22pm EDT
 DGAP-News: Heidelberger Druckmaschinen AG / Key word(s): Disposal 
Heidelberger Druckmaschinen AG: Modern industrial and commercial park to be 
built at Wiesloch/Walldorf site 
2020-12-23 / 18:21 
The issuer is solely responsible for the content of this announcement. 
Heidelberger Druckmaschinen AG (Heidelberg) has reached a further milestone 
as part of its planned site and structural optimization measures. The sale 
of an area of around 130,000 square meters to the VGP Group will create a 
new, modern industrial and commercial park at the Wiesloch/Walldorf site. A 
corresponding purchase agreement was signed today. VGP is a family-run 
European developer, operator and owner of high-quality logistics and 
commercial properties. The company has a fully integrated business model and 
many years of experience along the entire value chain, from land acquisition 
and development to asset and property management. Heidelberg achieves a 
purchase price in the mid double-digit million-euro range. 
"By using space more efficiently, we will save considerable costs at 
Heidelberg in the future. In addition, we will use the funds this frees up 
to strengthen our liquidity in times of the Covid-19 pandemic and to press 
ahead with strategic investments for the future on the path of our digital 
transformation," said Rainer Hundsdörfer, CEO of Heidelberger Druckmaschinen 
AG. "In VGP, we have found an experienced real estate developer as a partner 
who will market the space at the Wiesloch/Walldorf site in a future-proof 
manner in close coordination with the municipalities and Heidelberg." 
Jan van Geet, Chairman of the Management Board of VGP, is also very pleased 
about the acquisition of the site: "We are very pleased that we have 
succeeded in acquiring this unique site. In close and trusting cooperation 
with the seller Heidelberger Druckmaschinen AG, the municipalities and the 
city of Heidelberg, we were able to realize the acquisition very quickly. We 
plan to realign the site strategically and develop a modern industrial and 
commercial park here for long-term tenants from a variety of sectors. In 
this way, we want to make a sustainable contribution to the creation of new 
jobs and the economic development of the region." Van Geet adds, 
"Sustainability and energy efficiency are key parameters for the properties 
developed by VGP. These aspects will also play a central role in the 
development of the VGP Park in Wiesloch/Walldorf." 
The VGP Group currently operates 31 parks in Germany. In Europe, the 
family-owned company based in Antwerp, Belgium, now operates 76 parks in 
twelve countries. 
The Wiesloch/Walldorf site covers a total area of around 840,000 square 
meters. Of this, around 270,000 square meters are to be newly marketed in 
the course of the planned site and structure optimization. The partnership 
with VGP is the first step in this project. At present, almost 5,000 
employees work at the site. 
*About VGP: * 
VGP is a European developer, operator and owner of high-quality logistics 
and commercial real estate. VGP has a fully integrated business model with 
comprehensive capabilities and long-standing expertise along the entire 
value chain. The company owns 7.48 million square meters of space, with a 
strategic focus on business park development. VGP was founded in 1998 as a 
family business in the Czech Republic and employs approximately 230 people. 
Today, VGP owns and operates properties in 12 European countries directly 
and through three joint ventures (VGP European Logistics, VGP European 
Logistics 2 and VGP Park Munich). As of June 2020, VGP's gross asset value, 
including the 100% joint venture, was &euro3.23 billion. The net asset value 
(EPRA NAV) amounts to &euro1.079 billion. VGP is listed on Euronext Brussels 
and on the Prague Stock Exchange (ISIN: BE0003878957). 
For more information: http://www.vgpparks.eu [1] 
Image material and further information about the company are available in 
the Investor Relations and Press Lounge of Heidelberger Druckmaschinen AG at 
www.heidelberg.com [2]. 
*Heidelberg IR now on Twitter:* 
Link to the IR Twitter channel: https://twitter.com/Heidelberg_IR [3] 
On Twitter under the name: @Heidelberg_IR 
*Further information: * 
Heidelberger Druckmaschinen AG 
*Corporate Communications * 
Thomas Fichtl 
Phone: +49 6222 82-67123 
Fax: +49 6222 82-67129 
E-mail: Thomas.Fichtl@heidelberg.com 
*Investor Relations * 
Robin Karpp 
Phone: +49 6222 82-67120 
Fax: +49 6222 82-99 67120 
E-mail: robin.karpp@heidelberg.com 
Anette Nachbar 
Brunswick Group (Anfragen für VGP) 
T: +49 152 288 10363 
E-Mail: anachbar@brunswickgroup.com 
*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. 
2020-12-23 Dissemination of a Corporate News, transmitted by DGAP - a 
service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
Language:    English 
Company:     Heidelberger Druckmaschinen AG 
             Kurfürsten-Anlage 52-60 
             69115 Heidelberg 
Phone:       +49 (0)6222 82-67121 
Fax:         +49 (0)6222 82-67129 
E-mail:      investorrelations@heidelberg.com 
Internet:    www.heidelberg.com 
ISIN:        DE0007314007 
WKN:         731400 
Indices:     SDAX 
Listed:      Regulated Market in Frankfurt (Prime Standard); Regulated 
             Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, 
             Munich, Stuttgart, Tradegate Exchange 
EQS News ID: 1157244 
End of News DGAP News Service 
1157244 2020-12-23 
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=c40166020710f040b13acb90f045deb9&application_id=1157244&site_id=vwd&application_name=news 
2: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=b7167552190c240f75388d7e9d64dc5b&application_id=1157244&site_id=vwd&application_name=news 
3: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=df7df9f75e519b1d421606f060937c9e&application_id=1157244&site_id=vwd&application_name=news 

(END) Dow Jones Newswires

December 23, 2020 12:21 ET (17:21 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
HEIDELBERGER DRUCKMASCHINEN AG -3.05% 1.968 Delayed Quote.147.24%
PX INDEX 0.42% 1209.45 Real-time Quote.17.75%
SDAX PERFORMANCE INDEX 9:00-20:00 -0.10% 16491.96 Delayed Quote.11.70%
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Sales 2022 2 039 M 2 420 M 2 420 M
Net income 2022 32,8 M 38,9 M 38,9 M
Net Debt 2022 80,7 M 95,8 M 95,8 M
P/E ratio 2022 23,6x
Yield 2022 -
Capitalization 599 M 710 M 711 M
EV / Sales 2022 0,33x
EV / Sales 2023 0,30x
Nbr of Employees 10 538
Free-Float 83,9%
Duration : Period :
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Mean consensus BUY
Number of Analysts 4
Last Close Price 1,97 €
Average target price 1,80 €
Spread / Average Target -8,54%
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Managers and Directors
Rainer Hundsd÷rfer Chief Executive & Human Resources Officer
Marcus A. Wassenberg Chief Financial Officer
Martin Sonnenschein Chairman-Supervisory Board
Mirko Geiger Member-Supervisory Board
Beate Schmitt Member-Supervisory Board
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