Quebecor World Inc.
TSX : IQW

Quebecor World Inc.

May 07, 2008 09:57 ET

Quebecor World France Renews Contracts Valued at Over 65 Million Euros

MONTREAL, CANADA--(Marketwire - May 7, 2008) - (TSX:IQW) 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.

Forward looking statements

This press release may include "forward-looking statements" that involve risks and uncertainties. All statements other than statements of historical facts included in this press release, including statements regarding the prospects of the industry and prospects, plans, financial position and business strategy of Quebecor World Inc. (the "Company"), may constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities legislation and regulations. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "plan," "foresee," "believe" or "continue" or the negatives of these terms or variations of them or similar terminology. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. Forward-looking statements do not take into account the effect that transactions or non-recurring or other special items announced or occurring after the statements are made have on the Company's business. For example, they do not include the effect of dispositions, acquisitions, other business transactions, asset writedowns or other charges announced or occurring after forward-looking statements are made.

Investors and others are cautioned that undue reliance should not be placed on any forward-looking statements. For more information on the risks, uncertainties and assumptions that could cause the Company's actual results to differ from current expectations, please refer to the Company's public filings available at www.sedar.com, www.sec.gov and www.quebecorworld.com. In particular, further details and descriptions of these and other factors are disclosed in the "Risk Factors" section of the Company's Management's Discussion and Analysis for the year ended December 31, 2007.

The forward-looking statements in this press release reflect the Company's expectations as of May 7, 2008 and are subject to change after this date. The Company expressly disclaims any obligation or intention to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by the applicable securities laws.

Quebecor World Inc. is currently subject to Court protection under the Companies' Creditors Arrangement Act (Canada), and various U.S. subsidiaries have filed petitions under Chapter 11 of the U.S. Bankruptcy Code.

About Quebecor World

Quebecor World Inc. (TSX:IQW) is a world leader in providing high-value, complete marketing and advertising solutions to leading retailers, catalogers, branded-goods companies and other businesses with marketing and advertising activities, as well as complete, full-service print solutions for publishers. The Company is a market leader in most of its major product categories, which include advertising inserts and circulars, catalogs, direct mail products, magazines, books, directories, digital premedia, logistics, mail list technologies and other value-added services. Quebecor World has approximately 28,000 employees working in more than 115 printing and related facilities in the United States, Canada, Argentina, Austria, Belgium, Brazil, Chile, Colombia, Finland, France, India, Mexico, Peru, Spain, Sweden, and Switzerland.

Web address: www.quebecorworld.com

Contact Information

  • Quebecor World Inc.
    Tony Ross
    Vice President, Communications
    514-877-5317
    800-567-7070
    or
    Quebecor World Inc.
    Roland Ribotti
    Vice President, Investor Relations and Assistant Treasurer
    514-877-5143
    800-567-7070