FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
August 31, 2007
Corporate Express NV
(Translation of Registrant’s Name Into English)
Hoogoorddreef 62
1101 BE Amsterdam ZO
The Netherlands
(Address of Principal Executive Offices)
(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)
Form 20-F x Form 40-F o
(Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)
Yes o No x
(If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- )
Enclosure: Press Release dated August 31, 2007
2
|
|
Corporate Express NV |
|
|
|
|
For more information: |
|
|
Media Relations: |
|
|
+31 (0)20 651 10 19 |
|
|
|
|
|
PRESS RELEASE |
Investor Relations: |
|
|
+31 (0)20 651 10 42 |
|
|
|
|
|
www.cexpgroup.com |
CORPORATE EXPRESS NV TO REDUCE OVERHEAD EXPENSES AT ITS US HEADQUARTER
Amsterdam, the Netherlands, 31 August 2007 - Corporate Express announced today cost reduction measures at its US headquarter aimed to reduce overhead expenses.
Corporate Express US aims to reduce overhead expenses at its US headquarter. Staff reduction and other cost reduction activities generally target non-customer facing and non-direct field support positions to ensure there are no disruptions to service levels for our customers.
Annual cost savings are estimated to amount to USD 18 million as from 2008. One-time costs of USD 21 million of which USD 13 million severance charges and USD 8 million asset write-offs will be incurred over the next three quarters and reported as special items.
---
About Corporate Express
Corporate Express provides customers with a single source of business products and services, so they can focus their energy and time on their core business. Corporate Express helps organisations to save time and maximize their productivity.
Headquartered in the Netherlands, Corporate Express generated 2006 annual sales of EUR 6.3 billion. The Company has a widespread global distribution network spanning North America, Europe and Australia, has close to 19,000 employees, and operations in 20 countries. Corporate Express is listed on Euronext Amsterdam (Euronext: CXP) and in New York (NYSE: CXP). For more information, please visit: www.cexpgroup.com
|
For more information |
|
|
Analysts / investors: Carl Hoyer |
Telephone: +31 (0)20 651 10 42 |
|
|
carl.hoyer@cexpgroup.com |
|
Press / general inquiries: Corporate Communications |
Telephone: +31 (0)20 651 10 19 |
|
|
corpcomm@cexpgroup.com |
Safe Harbour Statement
Statements included in this press release, which are not historical facts are forward-looking statements made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Such forward-looking statements are made based upon management’s expectations and beliefs concerning future events impacting Corporate Express and therefore involve a number of uncertainties and risks, including, but not limited to industry conditions, changes in product supply, pricing and customer demand, competition, risks in integrating new businesses, currency fluctuations, and the other risks described from time to time in the Company’s filings with the US Securities and Exchange Commission, including the Company’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on March 9, 2007. As a result, the actual results of operations or financial conditions of the Company could differ materially from those expressed or implied in such forward-looking statements. Shareholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no obligation to update publicly or revise any forward-looking statements.
3
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
Corporate Express NV |
|
|
|
|
|
|
|
|
|
|
|
|
By: |
/s/ F.H.J. Koffrie |
|
|
|
Member Executive Board |
|
|
|
|
|
|
|
|
|
|
By: |
/s/ H. van der Kooij |
|
|
|
Company Secretary |
Date: August 31, 2007
4