Energizer 2013 Annual Report Download - page 8

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PAGE 6
ENERGIZER HOLDINGS, INC. 2013 ANNUAL REPORT
In November 2012, in response to
continued long-term declines in the
battery category and an aggressive
competitive environment, we implemented
a restructuring plan that represents a
signicant, and necessary, change to our
cost structure and organization.
Optimizing
our Cost and
Operating
Structure “
Continued cost
savings initiatives
provide the nancial
exibility to invest
in our business
and grow the
bottom line.”
TOTAL GROSS SAVINGS REALIZED
IN FISCAL 2013
$103
million
TOTAL GROSS SAVINGS GROSS SAVINGS BY DIVISION
ESTIMATED TOTAL GROSS SAVINGS
REALIZED IN FISCAL 2015
$225
million
•Gross Margin
•Overhead
•Other
•Household Products
•Personal Care
•Corporate
$48m
$79m
$19m
$5m
$46m
$9m