SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For PRESS RELEASES ISSUED ON APRIL 2, 2001 AND APRIL 4, 2001
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QUEBECOR WORLD INC. (FORMERLY KNOWN AS QUEBECOR PRINTING INC.)
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(Translation of Registrant's Name into English)
612 SAINT-JACQUES STREET, MONTREAL, QUEBEC, CANADA H3C 4M8
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(Address of Principal Executive Office)
(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 Form 40-F X
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(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 No X
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PAGE 1 OF 7
PRESS RELEASES OF
QUEBECOR WORLD INC.
(FORMERLY KNOWN AS QUEBECOR PRINTING INC.)
FILED IN THIS FORM 6-K
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a) Dated April 2, 2001 (#09/01)
b) Dated April 4, 2001 (#10/01)
PAGE 2 OF 7
[QUEBECOR WORLD LOGO]
APRIL 2, 2001 09/01
FOR IMMEDIATE RELEASE Page 1 of 1
QUEBECOR WORLD ANNOUNCES NORMAL COURSE ISSUER BID
MONTREAL, QUEBEC - Quebecor World Inc. ("Quebecor World" or the "Corporation")
announced today that, subject to regulatory approval, its Board of Directors had
authorized a normal course issuer bid for a maximum of 8,800,000 Subordinate
Voting Shares, which constituted 88,047,111 Subordinate Voting Shares
representing approximately 9.99% of the public float for the Subordinate Voting
Shares, as of March 26, 2001.
Purchase will be made during the period from April 6 2001 to April 5 2002, such
purchases to be made on the open market through the facilities of The Toronto
Stock Exchange and the New York Stock Exchange. Shares purchased under the bid
will be cancelled. The Corporation may enter into equity derivatives including
forward contracts with respect to its shares under the bid. As at March 26,
2001, there were 88,230,831 Subordinate Voting Shares and 54,885,496 Multiple
Voting Shares of the Corporation issued and outstanding. As of today, the
Corporation has purchased a total of 4,940,000 Subordinate Voting Shares at an
average cost per share of $35.26 under its Normal Course Issuer Bid that was
instituted as of April 6, 2000 and will expire on April 5, 2001. It was funded
through the sale of non-core businesses and other assets.
Quebecor World believes that its shares have been trading at a price range that
does not adequately reflect their value in relation to the Corporation's assets,
business and future business prospects. As a result, depending on the future
trading prices and other factors, Quebecor World believes that the purchase of
up to 8,800,000 of its outstanding Subordinate Voting Shares in connection with
the Normal Course Issuer Bid will represent an appropriate use of the
Corporation's corporate funds.
Quebecor World Inc. (NYSE, TSE: IQW) is the largest commercial print media
services company in the world. The Company is a leader in most of its major
product categories, which include magazines, inserts and circulars, books,
catalogs, specialty printing and direct mail, directories, digital pre-media,
logistics, mail list technologies and other value added services. The Company
has over 43,000 employees working in more than 160 printing and related
facilities in the United States, Canada, France, the United Kingdom, Spain,
Switzerland, Austria, Sweden, Finland, Brazil, Chile, Argentina, Peru, Colombia,
Mexico and India.
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FOR FURTHER INFORMATION, PLEASE CONTACT:
Jeremy Roberts Tony Ross
Director, Corporate Finance and Director, Communications
Investor Relations Quebecor Word Inc.
Quebecor World Inc. (514) 877-5317
(514) 877-5118 (800) 567-7070
(800) 567-7070
PAGE 3 OF 7
[QUEBECOR WORLD LOGO]
APRIL 4, 2001 10/01
FOR IMMEDIATE RELEASE Page 1 of 2
QUEBECOR WORLD REVIEWS RECORD YEAR AT 2000 AGM
MONTREAL, QUEBEC--Quebecor World held its annual general meeting today,
reviewing a year in which the Company achieved record results and became the
largest and best performing print media company in the world.
The year 2000 was the 12th straight year of record results for Quebecor World.
In two years, revenue increased from $3.8 billion to $6.5 billion. During the
same period, operating income rose 129% to reach $725 million.
In March 2001. the Company had fully repaid bank borrowings under the credit
facility established in 1999 for the acquisition of World Color Press, Inc.
"We have kept our focus on integrating our business," said Charles G. Cavell,
President and CEO of Quebecor World. "We have achieved-industry leading
double-digit margins. Some people thought it couldn't be done, but we have
delivered on our commitments and then some."
Cost savings and synergies will reach $110 million by the end of 2002, double
what was expected at the time of the announcement of the merger.
"By not making a single acquisition in almost two years, concentrating on the
business and improving internal efficiencies, we have managed to return to our
pre-acquisition capital structure," added Mr. Cavell. "We are now in a position
to continue our role as the industry's global consolidator."
Recently Quebecor World announced two acquisitions. In Spain, the Company
purchased a controlling interest in a leading pre-media company in Madrid,
Espacio y Punto. In Brazil, Quebecor World recently acquired 75% of Grafica
Melhoramentos, which has annual sales of $16 million printing trade and
textbooks, magazines, directories and catalogs.
The facility will be Quebecor World's second in Latin America's largest economy.
The Company's greenfield plant in Recife, Brazil's fourth largest city, has
already begun printing magazines for Editora Abril and will also print
directories for the country's largest directory publisher Listel.
Quebecor World is continuing to actively assess accretive acquisitions in all
three continents in which it operates as it strives to expand its global
footprint. As the only truly global printer, Quebecor World continues to believe
that its strategy of expansion is in the best interest of its customers and its
shareholders.
PAGE 4 OF 7
FOR IMMEDIATE RELEASE Page 2 of 2
In 2000, Quebecor World had sales of more than $500 million dollars from
customers that buy from it on more than one continent. The Company is committed
to increasing those sales as it moves forward in 2001.
Quebecor World is the largest printer of magazines, catalogs, books and direct
mail products. At its annual meeting the Company released a study on the health
of print. The research shows that print continues to be the choice of
advertisers. In the United States, Europe and Latin America, advertisers spent
more dollars in print than all other forms of media combined. The data, gathered
by an independent research firm, shows the growth rate in all Quebecor World's
core business groups will outstrip the industry average. The study can be
obtained by logging onto the Company's Web site at www.quebecorworld.com .
Quebecor World Inc. (NYSE, TSE: IQW) is the largest commercial print media
services company in the world. The Company is a leader in most of its major
product categories, which include magazines, inserts and circulars, books,
catalogs, specialty printing and direct mail, directories, digital pre-media,
logistics, mail list technologies and other value added services. The Company
has over 43,000 employees working in more than 160 printing and related
facilities in the United States, Canada, France, the United Kingdom, Spain,
Switzerland, Austria, Sweden, Finland, Brazil, Chile, Argentina, Peru, Colombia,
Mexico and India.
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FOR FURTHER INFORMATION, PLEASE CONTACT:
Jeremy Roberts
Director, Corporate Finance and
Investor Relations
Quebecor World Inc.
(514) 877-5118
(800) 567-7070
Tony Ross
Director, Communications
Quebecor Word Inc.
(514) 877-5317
(800) 567-7070
PAGE 5 OF 7
SIGNATURES
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, thereunto duly authorized.
QUEBECOR WORLD INC.
By: /S/ MARIE D. HLAVATY
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Name: Marie D. Hlavaty
Title: Vice President, General Counsel & Secretary
Date: April 9, 2001
PAGE 6 OF 7
SIGNATURES
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, thereunto duly authorized.
QUEBECOR WORLD INC.
By: /S/ MARIE D. HLAVATY
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Name: Marie D. Hlavaty
Title: Vice President, General Counsel & Secretary
Date: April 9, 2001
PAGE 7 OF 7