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Villeroy & Boch

EANS-Adhoc: Villeroy & Boch AG
Villeroy & Boch signs a series of measures to increase its competitive ability

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
Company Information
20.03.2009
Financial crisis forces the company to take action - Sites to be 
consolidated  - Some 900 jobs eliminated worldwide - Annual savings 
of  approx.  EUR50  million - Costs of these measures will impact 
2009 performance
In the meeting of the supervisory board that took place today, the 
executive board and supervisory board of Villeroy & Boch signed an 
extensive series of measures for its European sites. The goal is to 
increase the company's efficiency and productivity. The program 
focuses on consolidating fields of specialisation at particular 
sites, creating competence centres and continuing to automate 
production processes. The corporate group also plans to downsize its 
international staff of 9250 by some 900 positions. Discussions with 
employee representation have been initiated.
By 2011, after all of these measures are implemented, Villeroy & Boch
anticipates being able to save some 50 million euros annually. In the
2009 business year, however, the costs of these measures will total 
around 60 million euros and will have a strong impact on this year's 
performance results. Approximately 25 million euros of investments in
these measures are planned for the entire corporate group in 2009 and
2010.
end of announcement                               euro adhoc

Further inquiry note:

Philipp Schmidt
Head of Investor Relations
Telefon: +49 (0)6864-81-1520
E-Mail: schmidt.philipp@villeroy-boch.com

Branche: Consumer Goods
ISIN: DE0007657231
WKN: 765723
Index: Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade