Energizer 2013 Annual Report Download - page 14

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Forward-Looking Statements
This document contains both historical and forward-looking statements. Forward-looking statements are not based on historical
facts but instead reflect our expectations, estimates or projections concerning future results or events, including, without
limitation, statements regarding future company-wide or segment sales, earnings and earnings per share, investments,
initiatives, capital expenditures, product launches, consumer trends, cost savings related to restructuring projects and the timing
of such savings, improvements to working capital levels and the timing and savings associated with such improvements, the
impact of price increases, advertising and promotional spending, the impact of foreign currency movements, category value and
future growth in our businesses. These statements generally can be identified by the use of forward-looking words or phrases
such as “believe,” “expect,” “anticipate,” “may,” “could,” “intend,” “belief,” “estimate,” “plan,” "predict," “likely,” “will,”
“should” or other similar words or phrases. These statements are not guarantees of performance and are inherently subject to
known and unknown risks, uncertainties and assumptions that are difficult to predict and could cause our actual results,
performance or achievements to differ materially from those expressed in or indicated by those statements. We cannot assure
you that any of our expectations, estimates or projections will be achieved. The forward-looking statements included in this
document are only made as of the date of this document and we disclaim any obligation to publicly update any forward-looking
statement to reflect subsequent events or circumstances. Numerous factors could cause our actual results and events to differ
materially from those expressed or implied by forward-looking statements, including, without limitation:
• General market and economic conditions;
• Market trends in the categories in which we operate;
• The success of new products and the ability to continually develop and market new products;
• Our ability to attract, retain and improve distribution with key customers;
• Our ability to continue planned advertising and other promotional spending;
• Our ability to timely execute strategic initiatives, including restructurings, in a manner that will positively impact our
financial condition and results of operations and does not disrupt our business operations;
• The impact of strategic initiatives, including restructurings, on our relationships with employees, customers and
vendors;
• Our ability to maintain and improve market share in the categories in which we operate despite heightened
competitive pressure;
• Our ability to improve operations and realize cost savings;
• The impact of raw material and other commodity costs;
• The impact of foreign currency exchange rates and currency controls as well as offsetting hedges;
• Our ability to acquire and integrate businesses;
• The impact of advertising and product liability claims and other litigation;
• Compliance with debt covenants as well as the impact of interest and principal repayment of our existing and any
future debt; or
• The impact of legislative or regulatory determinations or changes by federal, state and local, and foreign authorities,
including taxing authorities.
In addition, other risks and uncertainties not presently known to us or that we consider immaterial could affect the accuracy of
any such forward-looking statements. The list of factors above is illustrative, but by no means exhaustive. The risk factors set
forth in our Annual Report on Form 10-K, in the section entitled "Risk Factors," could affect future results, causing our results
to differ materially from those expressed in our forward-looking statements.
All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. Additional risks and
uncertainties include those detailed from time to time in Energizer’s publicly filed documents.
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