- Sheet-fed offset unit sachsendruck sold to book-printing specialist
- schlott gruppe continues to focus on web-fed printing
Freudenstadt, November 18, 2008. schlott gruppe has today signed an agreement to sell its sheet-fed offset subsidiary sachsendruck, Plauen, to Offizin Andersen Nexö (OAN), Leipzig, effective from October 1, 2008. In doing so, schlott gruppe will concentrate its future efforts on the production of catalogues, magazines and supplements for publishing houses and advertisers within the commercial arena, the emphasis being on gravure printing, web-fed offset printing and related services within the area of postpress finishing.
OAN is a company specialising in the end-to-end production of books and brochures. sachsendruck, with its established strengths in the manufacture of books and cardboard books, will extend OAN's core competences by a considerable degree. This in turn is expected to bolster the long-term prospects of sachsendruck.
sachsendruck achieved value-added sales of around €14 million on the bases of preliminary figures in the 2007/8 financial year, while schlott gruppe generated a total of €239.1 million.
The effects of the sachsendruck sale on the financial situation and results of schlott gruppe will be presented on the balance sheet press conference and the analyst conference of schlott gruppe on January 28, 2009.
Notes to financial data:
Alongside “revenue/sales”, schlott gruppe uses so-called “value-added sales” as a financial indicator – both in its external communications and as part of its internal controlling mechanisms. Revenue is subject to fluctuations that are beyond the company’s sphere of influence. These fluctuations 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 was 72.0 per cent. As a financial indicator, “value-added sales” eliminates fluctuations relating to paper supplied by customers, thus reflecting the actual business performance.
