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Contents I N T R O D U C T I O N G R O U P E S E B I N F I G U R E S O P E R AT I O N S E X P E R T I S E S U S TA I N A B L E D E V E L O P M E N T 1-7 8-21 22-49 50-65 66-83 Sales €3,652 million +15% Operations in almost 150 countries Net income €220 million +51% A WORLD LEADING GROUP IN SMALL DOMESTIC EQUIPMENT 23,000 employees 60 marketing companies 24 sites production at 31 December 2010
B U S I N E S S A N D S U S T A I N A B L E D E V E L O P M E N T R E P O R T 2010 MORE THAN WORDS, OUR STRENGTHS The Group’s key strengths provide a solid basis for all its endeavours, allowing it to go beyond limits and achieve well-dened strategic goals. A BALANCED SPREAD of global sales. Expansion in emerging markets, which now account for 44% of our revenues, gives driving force to our growth. SOLID financial fundamentals. A very low level of debt, at 9% of equity, and a healthy balance sheet, give the Group a comfortable margin of financial manoeuvre. The Group’s history is dotted with landmark innovations: the pressure cooker, nonstick pans, multi-function food processors…and still today, the Nutricook, the minimal-oil Actifry, the AutoClean iron with its self-cleaning soleplate, or the low-noise Silence Force vacuum cleaner. More than 200 new products and models launched each year. A CULTURE OF INNOVATION
Page 1: BEYOND LIMITS B U S I N E S S A N D
Page 5 and 6: 1 Chairman’s message A BUSINESS M
Page 7 and 8: C H A I R M A N ’ S M E S S A G E
Page 9 and 10: G O V E R N A N C E 04 - 05 ACTIVE
Page 11 and 12: G O V E R N A N C E 06 - 07 THE GRO
Page 13 and 14: G R O U P E S E B I N F I G U R E S
Page 25 and 26: TRANSfORMATION G R O U P E S E B I
Page 27 and 28: O P E R A T I O N S 22-23
Page 29 and 30: O P E R A T I O N S 24-25 T R E N D
Page 31 and 32: O P E R A T I O N S 26-27 B R A N D
Page 33 and 34: O P E R A T I O N S 28-29 20 EMBLEM
Page 39 and 40: O P E R A T I O N S 34-35 THERMO-SP
Page 43 and 44: O P E R A T I O N S 38-39 PRESENT I
Page 45 and 46: O P E R A T I O N S 40-41 I N T E R
Page 53 and 54:
O P E R A T I O N S 48-49 I N T E R
Page 55 and 56:
E X P E R T I S E 50-51
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E X P E R T I S E 52-53 WORKING IN
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E X P E R T I S E 54-55 OUTSOURCING
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E X P E R T I S E 56-57 O P E R AT
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E X P E R T I S E 58-59 O P E R AT
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E X P E R T I S E 60-61 H U M A N R
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S U S T A I N A B L E D E V E L O P
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E X P E R T I S E 70-71 E T H I C S
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ACKNOWLEDGMENTS This document was p
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