DGAP-Adhoc: HOCHDORF Holding AG: HOCHDORF organises itself into business areas
22.11.2013 – 07:14
HOCHDORF Holding AG / Key word(s): Restructure of Company 22.11.2013 07:10 Release of an ad hoc announcement pursuant to Art. 53 KR --------------------------------------------------------------------------- Hochdorf, 22 November 2013 - The HOCHDORF Group is simplifying its organisation and will be structured into the business areas of milk derivatives, baby care and cereals & ingredients in the future. The current sales companies will be merged into HOCHDORF Nutritec Ltd. On 12 September the HOCHDORF Group oriented, that its organisational structures will be adapted to future requirements and greatly simplified. We can reveal details of this restructuring programme now. Organisation with three business areas The HOCHDORF Group continues to exist as a holding company, but its structures will be significantly simplified. The previous division into development and sales companies as well as a production company will no longer apply. The sales companies will now be merged into HOCHDORF Nutritec Ltd. and it is likely that the new name will be 'HOCHDORF Ltd.'. Once this change has been implemented HOCHDORF in Switzerland will essentially consist of the three business areas milk derivatives, baby care and cereals & ingredients. Direct management The new organisation simplifies the HOCHDORF Group's process and setup structure. The managers of the current sales companies will take on responsibility for their business area. Compared to the old organisation they will hold complete responsibility for costs in their area in the new organisation. Greater cost transparency will improve the quality of decision making and simplify the ongoing efficiency drive. In the new organisation, areas of universal importance, such as production & logistics, services/IT or purchasing, all likewise report directly to the CEO. Implementation as of 1.1.2015 'The implementation of the new organisational structure is already underway, but it will be an ongoing process throughout the 2014 business year. Adapting our ERP will involve the most work,' explains Dr Thomas Eisenring, CEO of the HOCHDORF Group. The new structure streamlines many processes and so reduces duplication. The related reduction in staffing levels will be largely covered by natural fluctuations. The new organisation comes into effect as of 1.1.2015. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: The HOCHDORF Group, based in Hochdorf, achieved a consolidated gross sales revenue of CHF 346.6 million in 2012. It is one of the leading foodstuff companies in Switzerland, employing 381 staff as of 31.12.12 (356 full-time staff). Made from natural ingredients such as milk and wheat germ, HOCHDORF products have been contributing to our health and wellbeing since 1895 - from babies to senior citizens. Its customers include the food industry and the wholesale and retail sectors and its products are sold in around 80 countries. The shares are traded on the SIX Swiss Exchange in Zurich (ISIN CH0024666528). +++++ Additional features: Document: http://n.equitystory.com/c/fncls.ssp?u=BDIEVGYBLH Document title: HOCHDORF Group press release: Details of the new organisation 22.11.2013 News transmitted by EQS Schweiz AG. The issuer is responsible for the contents of the release. EquityStory publishes regulatory releases, media releases on the capital market and press releases. The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies. The Swiss news archive can be found at www.equitystory.ch/news --------------------------------------------------------------------------- Language: English Company: HOCHDORF Holding AG Siedereistrasse 9 6281 Hochdorf Switzerland Phone: +41 41 914 65 65 Fax: +41 41 914 66 66 E-mail: hochdorf@hochdorf.com Internet: www.hochdorf.com ISIN: CH0024666528 Valor: Listed: SIX End of Announcement EQS Group News-Service ---------------------------------------------------------------------------