Brdr. Hartmann — Capital/Financing Update 2013

Apr 9, 2013

Hartmann expands production capacity in North America

Hartmann expands production capacity in North America

Hartmann has built a strong and profitable business in North America, and as part of the efforts under the strategy 'Competitive edge - driving growth', the company's market position is now strengthened further through expansion of the existing production resources.

The expansion will be initiated in the second quarter of 2013 with full implementation anticipated in the first half of 2014. The investment significantly increases the capacity of the North American factory and is expected to contribute to the realization of Hartmann's financial targets of revenue of DKK 1.7-1.8 billion and a profit margin of 8-11% at the end of 2015. The investment will not affect the operating profit for 2014.

The Hartmann group's total capital expenditure is expected to be in the range of DKK 120-140 million in 2013.

Hartmann is holding its Annual General Meeting later today and will subsequently issue a separate company announcement about the course of the meeting.

For additional information, please contact:

Michael Rohde Pedersen

CEO

Tel.: (+45) 45 97 00 33

HUG#1691594

Attachments:

• Company announcement in PDF

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