Thorn-EMI 1995 Annual Report

From
Turnover by burinesi 1985
(ft,2o4.4m,
to
Turnover by bu3inesr 1995
(t4,5O7.tm'
oiher 4.9%
Today's THORN EMI is focuse d on
three businesses - EMI, THORN
and HMV- each with strong growth
potential in dynamic worldwide
markets, It would have been
unrecognisable a decade ago'
EMI
HMV
ln 1985,THORN EMI had a sprawling
portfolio of businesses, which
stretched from the rental ofhome
electronics products to hydraulic
equipment; from machine tools to
music; from semiconductors to
domestic central heating. It was
heavily dependent on the UK
economy; and its declining financial
performance was putting its future
in jeopardy.
The transformation began with a
new strategy- to locus on a small
number ofbusinesses with real
potential for prohtable growth in the
international arena. In an aggressive
programme of disposals some 100
businesses with combined sales of
more than !2.6 billion were shed over
the years. At the same time,THORN
EMI concentrated on building and
strengthening its selected businesses
by acquisition and investment in
organic growth. Now, ten years later,
THORN EMI and its performance
have changed radically.
Focused on growth
THORN EMI is now firmly
concentrated on three exciting
international businesses with the
competitiveness and resources to
deliver sustained, high quality growth.
EMI,THORN and HMVare
distinct businesses, with their
individual strategies for growth in
their different markets. Yet they each
demonstrate creative thinking,
innovation, and deep professionalism.
Each holds a leading position and
exerts substantial competitive
influence in its international
market-place.
In the following pages, we
portray the scope and excitement of
EMI,THORN and HMV, beyond just
the facts and figures ofthe year
in review.