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Quebecor World France Renews Contracts

Thursday, May 08, 2008

Press release from the issuing company

MONTREAL, CANADA--(May 7, 2008) - Quebecor World France today announced that it has renewed its printing and finishing contracts with Mondadori France and Prisma Presse to the end of 2009 and 2010 respectively. These renewal agreements are valued at aggregate sales of about 50 million euros. The Company also announced it has enhanced its partnership with Carrefour Group in 2008, due to a substantial increase in sales. The value of the new contract is estimated at 17 million euros.

Under the new contract with Carrefour Group, Quebecor World France will increase its volume by approximately 20% by producing nearly 50% of the heliogravure advertising print volume purchased by Carrefour Group throughout Europe. The Carrefour Group is a world leader in the retail sector, and Quebecor World will print part of the advertising programs for the French, Belgian and Spanish markets at its facilities located in France and Belgium.

"The contract with Carrefour Group was made possible by our recent investment in two new 4.32 m presses at our Charleroi facility in Belgium. In addition to their speed, these high-performance presses offer advanced quality control systems. We are delighted that the Carrefour Group can benefit from this state-of-the-art technology," said Yvan Lesniak, President of Quebecor World's Franco-Belgian platform.

Quebecor World also renewed its printing and finishing contract with Mondadori France for the Tele Star title up to the end of 2009, and made another agreement with Prisma Presse for the Gala, Voici and VSD titles up to the end of 2010. The Mondadori and Prisma Presse companies are both major magazine publishers and rank among the top 5 publishers in France.

"We are pleased to renew our partnership agreements with Mondadori France and Prisma Presse. These successes confirm the confidence and support the magazine market's major decision-makers accord to Quebecor World, and our leading position in this sector," said Mr. Lesniak.

Over the past 12 months Quebecor World's Franco-Belgian platform has renewed most of its long-term contracts, thus increasing the share of its contract sales to over 50% of its business.

 

 

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