Jacobs Holding AG Annual Report 2010 (PDF, 3.7 - Jacobsag.com

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8 IN OCTOBER 2009 BC joined the UTZ certified programme and in May 2010 BC and the Malaysian Cocoa Board signed a collaborative research agreement on controlled fermentation of cocoa beans. These efforts, along with the “Partenaire de Qualité” programme in Ivory Coast, aim to improve cocoa bean quality and increase plantation yield in order to improve the living conditions of BC’s suppliers (farmers) and employees. IN DECEMBER 2009 Spain’s Chocovic was acquired and successfully integrated. IN MAY 2010 the new chocolate factory in Brazil was inaugurated. IN SEPTEMBER 2010 Kraft Foods and Barry Callebaut signed a long-term global supply agreement. ADECCO once again experienced a trying period with negative growth rates for its top line until December 2009. Since then Adecco has been in recovery, with growth back to + 13% and EBITA at 3.8% between April and June. The closing price at the end of JAG’s fiscal year was CHF 51.35, resulting in TSR of -6.8%. Patrick de Maeseneire and the Adecco management team made substantial efforts, both professional and financial, to improve Adecco’s corporate efficiency and give it the extra leverage required for the next upswing. The result: a new EBITA target of 5.5%. Management has demonstrated that Adecco’s business model is flexible and highly adaptive to economic change. MPS and Spring, the two companies recently acquired, are in the midst of successful integration and are delivering the desired results. MPS in particular has shifted Adecco’s revenue mix towards professional staffing. INFRONT In 2010 Infront successfully delivered on close to 1’900 event days, including 13 World Championships. The company maintains 24 offices in ten countries world-wide, employs more than 500 people and serves around 130 rights-in clients, as well as hun - dreds of media companies and sponsor brands around the world. In its role as exclusive media rights advisor to the Lega Calcio, Infront has helped to close agreements on national media rights for Italy. In the most important sports event of the year, the FIFA World Cup, Infront delivered excellent performance in both media sales for Asia (JV with Dentsu) and host broadcasting, with the first 3D live coverage of a major sports event. Infront has been profitable since its inception and this was also the case in 2009, where despite the challenging overall economic situation an increase in operating performance has been achieved. Further growth is forecasted for 2010, underpinning the company’s solid financial performance and confirming its strategy of seeking the “number one” position in each of its key business segments. BACK TO TOP
We are a trifle uncertain about this year’s OUTLOOK. Fundamentally, however, we see no indications that value creation will not continue at BC, Adecco and Infront. We wish to thank all members of the Board, the management and employees of JAG and our investment companies, as well as the Family Council, for their continued support during the past year. DR. W. ANDREAS JACOBS CHAIRMAN OF THE BOARD MARKUS FIECHTER CHIEF EXECUTIVE OFFICER (CEO) BACK TO TOP 9
Page 1 and 2: JACOBS HOLDING AG ANNUAL REPORT 201
Page 3 and 4: ANNUAL REPORT 2010 HOLDING AG
Page 5: THE JACOBS FOUNDATION HISTORY The J
Page 8 and 9: TOTAL SHAREHOLDER RETURN INDEX (TSR
Page 13 and 14: STAKEHOLDERS’ MANUAL 11
Page 15 and 16: OUR CORPORATE PRINCIPLES LONG-TERM
Page 17 and 18: OUR GOVERNANCE STRUCTURE BOARD OF D
Page 19: The financing of the investment poo
Page 22: W. ANDREAS JACOBS 20 W. ANDREAS JAC
Page 26 and 27: MARKUS FIECHTER DANIEL PFISTER 24 M
Page 28 and 29: JOHAN FAHLÉN THOMAS HAGMANN 26 JOH
Page 31 and 32: PORTFOLIO 29
Page 33 and 34: PERFORMANCE FOR FINANCIAL YEAR 2009
Page 35 and 36: JACOBS VENTURE AG THE COMPANY Jacob
Page 37 and 38: Kraft Foods are a result of the com
Page 39 and 40: INFRONT SPORTS & MEDIA AG WWW.INFRO
Page 41 and 42: OUTLOOK The sports industry continu
Page 45 and 46: FINANCIAL STATEMENTS 2010 43
Page 47 and 48: CHF 2010 LIABILITIES AND SHAREHOLDE
Page 49: © 2010 JACOBS HOLDING AG ALL RIGHT

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