DGAP-News: Hansa Group AG / Key word(s): Restructure of Company Hansa Group AG: strives for medium-term cost leadership in care chemicals market 07.10.2013 / 17:03 --------------------------------------------------------------------- HANSA GROUP AG strives for medium-term cost leadership in care chemicals market - First phase of three-part restructuring program complete - Turnaround expected in 2014 - Enhanced efficiency by consolidating functions - Adjustment of current headcount to new structure Genthin, October 7, 2013 - HANSA GROUP AG, a leading, integrated provider of care chemicals in Europe, has successfully wrapped up the first phase of the restructuring project it began in the summer in cooperation with consulting firm Roland Berger. Following the completion of the analysis and conception phases, the company is set to pursue the same business model and strategy but within the framework of an optimized organizational structure. HANSA's specific aims are to increase operational efficiency, optimize Group controlling and improve corporate financing. The restructuring project is set to increase efficiency in the short term and bring the company back on course toward profitability. The project is split up into a total of three phases; work has already started on implementing all resolved measures. These include a review of all sites. By reorganizing sites as pure production sites, administrative functions that were previously scattered across the Group can now be consolidated in Duisburg. In addition, all structures and processes are to be evaluated with a view to optimizing cooperation within the HANSA Group. Aside from significant cost savings, the management of HANSA GROUP AG also anticipates better integration of subsidiaries in the Group as a whole. The restructuring program also includes an adjustment of the current headcount in line with the optimized Group structure. This primarily affects the number of temporary and contract workers, while full-time employees will only be affected to a limited extent. However, by moving some jobs into centralized functions, new employees will also be hired. Thomas Pfisterer, Spokesman of the HANSA GROUP AG Management Board: 'The review we launched into our business model with the help of an external consulting firm showed that we are basically on the right course with our current strategy. Next year we intend to achieve a turnaround in terms of our earnings. Our medium-term goal is to assume the role of cost leader in the care chemicals market by making substantial savings. In our Chemicals segment, we offer our customers a high-quality product portfolio, unrivalled supply reliability and high standards of environmental safety in both production and logistics. In terms of Consumer Products, we are continuing to raise our competitiveness in the private labels segment and remain a strategic partner for our customers.' End of Corporate News --------------------------------------------------------------------- 07.10.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Hansa Group AG Fritz-Henkel-Str. 8 39307 Genthin Germany Phone: +49 (0)203-73804-109 Fax: +49 (0)203-73804-309 E-mail: [email protected] Internet: www.hansagroup.de ISIN: DE0007608606 WKN: 760860 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 233635 07.10.2013