185000000 IT Holding Finance SA

IT HOLDING S.p.A. Notes to the consolidated financial statements for the year ended December 31, 2002
• eyewear;
• perfumes.
The group distributes via two main channels, wholesale and retail: the wholesale channel caters to independent
retailers (department stores and boutique), while retail activities are carried out through directly-operated stores
(DOS), franchise boutiques and factory outlets.
The Group’s products have an international appeal with 40.3% of its income deriving in the year 2002 from sales in
Italy, 33.9% in Europe (without Italy), 12.7% in the Americas and 11% in the rest of the world.
The Group’s products comprise a full range of luxury products including apparel, eyewear, accessories and perfumes
which the Group provides to customers through a worldwide distribution organization.
The Group has positioned itself with the capability of becoming one of the leading players in the luxury goods market,
providing an integrated and diverse range of goods.
The following table presents information about the Group by segment of activity:
% of net
% of net % Increase
2002 revenues 2001 revenues (Decrease)
(In thousands of Euros)
Apparel and accessories..................................................... 576,932 87.4 483,559 91.8 19.3
Eyewear..................................................................................... 60,088 9.1 45,192 8.6 33.0
Perfume ............................................................................. 13,835 2.1 — — n/m
Royalty income.................................................................. 13,843 2.1 1,222 0.2 n/m
Interdivisional .................................................................... (4,884) (0.7) (3,257) (0.6) 50.0
Net revenues .................................................................... 659,814 100.0 526,716 100.0 25.3
n/m: Not meaningful.
The following table presents information about the Company by geographic area:
% of net
% of net % Increase
2002 revenues 2001 revenues (Decrease)
(In thousands of Euros)
Italy ................................................................................. 265,614 40.3 209,415 39.8 26.8
Europe*........................................................................... 223,508 33.9 192,119 36.5 16.3
Americas ......................................................................... 83,591 12.7 68,324 13.0 22.3
Far East and Japan .......................................................... 51,852 7.9 43,560 8.3 19.0
Rest of the world............................................................. 21,406 3.1 12,076 2.2 77.3
Royalty income............................................................... 13,843 2.1 1,222 0.2 n/m
Net revenues .................................................................. 659,814 100.0 526,716 100.0 25.3
* Without Italy.
n/m: Not meaningful.
F- 100