UPDATE 1-Heidelberg sees FY printing investments stagnating

* Sees year operating loss ex one-offs at 110-150 mln euros

* Q2 operating loss 65 mln euros, vs forecast 62 mln loss

(Adds details, background)

FRANKFURT, Nov 10 (Reuters) - Heidelberg (HDDG.DE), the world's largest printing press maker, said it did not expect the printing media industry to recover in its current fiscal year following a weak first half.

Heidelberg said on Tuesday it expected an operating loss excluding special items of 110-150 million euros ($165-225 million) for the year to end-March.

It posted a 65 million euro second-quarter operating loss excluding special items, just above the 62 million forecast in a Reuters poll.

The German company posted a surprise profit warning in October, saying new orders remained at a low level of 530 million euros in the second quarter and forecast an operating loss of 110-150 million euros. [nL9688816]

Sources familiar with the matter said this was one of the reasons why merger talks with manroland, the world's second largest printing press maker, were put on ice. [nLC362906]