DGAP-Adhoc: schlott gruppe enacts extensive measures aimed at

schlott gruppe Aktiengesellschaft / Restructure of Company

10.06.2009 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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schlott gruppe enacts extensive measures aimed at securing its future 

> Financial and economic crisis contributes to significant fall in demand
  at schlott gruppe AG 
> Supervisory Board approves extensive measures aimed at securing the
  future of the company: streamlining of machine capacity by 20 per cent;
  reduction in staffing levels with cuts affecting approx. 350 jobs
> Outlook for 2008/9 revised downwards by considerable margin

Freudenstadt, June 10, 2009. At its meeting of June 9, 2009, the
Supervisory Board of schlott gruppe AG has discussed an extensive catalogue
of measures drawn up with the express purpose of securing the future
viability of schlott gruppe. The restructuring programme was approved by
the majority of the representatives of the shareholders. This programme of
measures is aimed at counteracting the negative impact of the economic
crisis in terms of production demand and with regard to the significant
pressure exerted on prices within the market for print media, in addition
to guiding the company back towards profits in a manner that is sustainable
in the long term. The management board addresses the concerns of the
employees' representatives by ensuring all applicable legal preconditions
granted to prefect the rights of the employees.


As part of the action plan, the overall capacity of machines deployed
within the area of gravure printing is to be scaled back by 20%. At the
same time, capacity levels in post-press/finishing are to be adjusted
accordingly. Of the 2,330 positions currently filled, around 350 at various
locations are to be cut by spring 2010.

In combination with other, supplementary cost-reduction measures, the
company will also be looking to raise profitability levels over the coming
years. Following implementation of all scheduled measures, schlott gruppe's
pre-tax result is to improve by approx. EUR25 million by fiscal 2011/12.
Within this context, the aim is to post a positive result before taxes
(excluding exceptional charges relating to restructuring) as early as the
coming financial year.

In the current financial year, the continuing crisis affecting key markets
served by schlott gruppe will contribute to a decline in value-added sales
by around 10 per cent to approx. EUR200 million. In total, expenses
incurred in connection with the implementation of the above-mentioned
action plan will amount to approx. EUR47 million, to be accounted for in
the current and the coming financial year.

The financing banks and the credit insurers used by the company have
signalled their general approval of the restructuring concept.

schlott gruppe AG will report on further details in a press release to be
issued on 10 June 2009.
 

Notes to financial data:
Alongside 'revenue/sales', schlott gruppe uses so-called 'value-added
sales' (VAS) as a financial indicator - both in its external
communications and as part of its internal controlling mechanisms. Revenue
is subject to fluctuations that are attributable to the volume of paper
supplied by customers as raw material for certain projects. In contrast to
paper purchased directly by the company, paper supplied by customers is
not included in the accounts of schlott gruppe. In the 2007/8 financial
year, the so-called paper provision ratio stood at 72.0 per cent. As a
financial indicator, 'value-added sales' eliminates fluctuations relating
to paper supplied by customers, thus reflecting the actual sales
performance.


schlott gruppe AG
Marco Walz
Investor Relations & PR
Wittlensweilerstraße 3
72250 Freudenstadt
GERMANY
Tel.: +49 7441 531-230
Fax:  +49 7441 531-204
marco.walz@schlottgruppe.de
www.schlottgruppe.de 


DGAP 10.06.2009 
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Language:     English
Issuer:       schlott gruppe Aktiengesellschaft
              Wittlensweilerstraße 3
              72250 Freudenstadt
              Deutschland
Phone:        +49 (0)7441 531-230
Fax:          +49 (0)7441 531-204
E-mail:       marco.walz@schlottgruppe.de
Internet:     www.schlottgruppe.de
ISIN:         DE0005046304
WKN:          504630
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Hamburg, Düsseldorf, Stuttgart, München
 
End of News                                     DGAP News-Service
 
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