23.11.

DJ DGAP-Adhoc: QIAGEN N.V.: QIAGEN launches project to improve efficiency and resource allocation

QIAGEN N.V. / Key word(s: Restructure of Company

28.11.2011 22:41

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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QIAGEN launches project to improve efficiency and resource allocation

Venlo, The Netherlands, November 28, 2011 – QIAGEN N.V. (NASDAQ: QGEN;
Frankfurt Prime Standard: QIA today launched a project to enhance
productivity by streamlining the organization and freeing up resources for
reallocation to strategic initiatives that will help drive growth and
innovation, strengthen its industry leadership position and improve
longer-term profitability. This project aims to eliminate organizational
layers and overlapping structures, actions that will enhance QIAGEN’s
processes, speed and productivity. As a result of this project,
approximately 8-10% of QIAGEN’s currently 3,800 employees worldwide are
expected to be affected. All reductions will be handled in a socially
responsible manner with fair and respectful treatment of employees. QIAGEN
will consult with works councils and fully comply with local labor laws.
Implementation of this project is expected to generate annual pre-tax cost
savings of approximately $50 million starting in 2012, with the vast
majority of savings to be reinvested into areas of focus as defined by
QIAGEN’s strategic initiatives. A pre-tax restructuring charge of
approximately $70 million will be taken in the fourth quarter of 2011, of
which 30% is expected to involve cash. This restructuring charge is not
expected to have an impact on QIAGEN’s outlook for adjusted earnings in the
fourth quarter of 2011 or for the second half and full-year 2011. QIAGEN
further anticipates taking a pre-tax restructuring charge of approximately
$20 million during 2012 (which is expected to be mostly cash for
additional restructuring measures related to this program, and which will
generate additional annual cost savings.

Contact: QIAGEN N.V., Spoorstraat 50, 5911 KJ Venlo, Niederlande, IR
Department, phone: +49 2103 29 11710, fax +49 2103 29 21710, email
ir@qiagen.com

28.11.2011 DGAP’s Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff. de and www.dgap.de

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Language: English
Company: QIAGEN N.V.
Spoorstraat 50
5911 KJ Venlo
Netherlands
Phone: +31 77320 840-0
Fax: +31 77320 840-9
E-mail: qiagen@qiagen.com
Internet: www.qiagen.

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