Annual Report 09 - Viscofan

48Viscofan TodayLetter from the ChairmanViscofan WorldwideMilestones of Company historyA guide to Viscofan productsGroup structureSignificant shareholdingsBoard of DirectorsOrganisational ChartCorporate StrategyStrategic vectorsCreation of value: market and strategyViscofan in the stock marketBusiness performance2009 highlights2009 financial resultsCorporate responsibilityGood governance practicesViscofan in the stock marketHuman resourcesViscofan and customers, a commitmentto quality, service and safety food.Research, development and innovationViscofan and the sustainabilityViscofan S.A. and subsidiariesNotes to the consolidated financial statementsConsolidated Director’s ReportViscofan, S.A.Notes to the Viscofan S.A. financial statementsViscofan S.A Directors’ ReportAnnual corporate governance reportDirectory of Viscofan sitesShare price informationThe performance of financial markets in 2009, and especially that of equity markets, has been characterised bythe effects of the global economic and financial crisis together with the stimulus packages introduced by thedifferent national and international bodies and the restructuring plans announced by companies in their attemptto offset the worst effects of the current crisis.Uncertainty over the real impact of the measures adopted (especially in the financial sector) continued to weighon markets during the first few months of the year, but after touching their low for the year markets thenrecovered gradually and closed the year in positive territory, albeit with the main global markets still below their2007 and 2008 highs.The strength and visibility of Viscofan’s results meant that its share price was less volatile than most, and overthe year as a whole it rose 26.3% to 17.76. In a year of so much uncertainty and volatility in stock markets, ittrading sessions.The share price performance was accompanied by an increase in shareholder remuneration. The GeneralShareholders’ Meeting in June 2009 approved a shareholder remuneration of 0.500 gross per share, 0.005 ofwhich related to the attendance bonus. The overall remuneration represented a 12.4% increase on the previousyear.STOCK MARKET PERFORMANCE (%)6050403020100-10-20-30-40-5054.032.631.828.229.824.626.317.4 18.27.39.05.77.31.32001 2002 2003 2004 2005 2006 2007 2008 2009Viscofan IBEX 35