Elanders consolidates Print & Packaging in Europe and saves MSEK 50 annually, resulting, however, in a changed forecast for 2014

"Elanders further strengthens its competitiveness in Print & Packaging in
Europe. Negotiations with personnel organizations in Sweden have progressed to
the point that Elanders can now estimate the scope of redundancy costs for
2014, which directly affects previously presented forecast for 2014. We now
believe that profit before tax, including restructuring costs, will land on par
with 2013," says Magnus Nilsson, CEO and President of Elanders.

During the second quarter of 2014 Elanders gathered all of Print & Packaging in
Europe under one management team. This change made it possible to further
consolidate production capacity and thereby maximize capacity utilization of our
machinery while optimizing future investment needs.

As a consequence of this new organization 120 employees in Elanders Sverige AB
were given notice of redundancy in the third quarter. Negotiations with
personnel organizations have reached a point where Elanders can now conclude
that around 70 people will have to leave the company. This reduction of
personnel is expected to generate an annual savings in Swedish operations of
close to MSEK 50 which will have full effect as of the second half of 2015.

Changed forecast for 2014
Elanders estimates that this consolidation will lead to one-off costs of around
MSEK 40 during the third and fourth quarter, with as lesser part of these costs
occurring in the third quarter. Consequently we will not achieve the forecast
for 2014 presented in the half-year report for 2014. The previous forecast
predicted a significant improvement in profit in 2014 compared to 2013. Elanders
believes that profit before tax in 2014, including restructuring costs, will
land on par with 2013. Excluding restructuring costs a significant improvement
in profit before tax compared to 2013 is still predicted for 2014.

New segment reporting as of the quarterly report January-September 2014
In order to clearly present the development of each business area Elanders will
begin in the January-September 2014 report to present the three business areas -
Supply Chain Solutions, Print & Packaging Solutions and e-Commerce Solutions -
as individual segments.

For further questions, please contact
Magnus Nilsson, President and CEO, telephone: +46 31 750 07 50
Andréas Wikner, CFO, telephone: +46 31 750 07 50


The information in this press release has been made public according to the
Swedish Securities Market Act and/or the Swedish Financial Instruments Trading
Act. This information was published at 08:00 CET on 10 October 2014.


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