ANNUAL REPORT 2011/12 - IC Companys A/S

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Management report PAGE 4 REVENUE GROWTH 2011/12: (3%) 2010/11: 12% EBITDA MARGIN 2011/12: 6.8% 2010/11: 11.4% EBIT MARGIN 2011/12: 3.4% 2010/11: 8.2% RETURN ON INV. CAPITAL 2011/12: 9.9% 2010/11: 26.6% IC COMPANYS ANNUAL REPORT 2011/12
Financial highlights and key ratios Management report DKK million 2011/12 2010/11 2009/10 2008/09 2007/08 PAGE 5 INCOME STATEMENT Revenue 3,819.1 3,925.4 3,495.3 3,621.1 3,737.2 Gross profi t Operating profi t before depreciation and amortisation 2,154.3 2,321.6 2,124.4 2,156.4 2,258.8 (EBITDA) Operating profi t before depreciation and amortisation, 259.1 446.3 412.2 308.8 462.1 adjusted for non-recurring costs 277.1 474.3 420.2 423.8 502.1 Operating profi t (EBIT) 130.4 321.3 282.6 162.1 349.3 Net fi nancials (0.7) (13.4) (5.2) (10.8) (31.9) Profi t for the year before tax 129.7 307.9 277.4 151.3 317.4 Profi t for the year 89.4 246.3 235.8 109.2 224.0 Comprehensive income STATEMENT OF FINANCIAL POSITION 157.4 186.0 249.1 113.9 193.4 Total non-current assets 722.9 770.7 793.3 803.7 825.8 Total current assets 1,284.6 1,155.7 1,010.5 981.0 1,106.5 Total assets 2,007.5 1,926.4 1,803.8 1,784.7 1,932.3 Share capital 169.4 169.4 169.4 169.4 179.2 Total equity 830.6 742.7 747.2 509.1 473.5 Total non-current liabilities 246.8 246.1 196.6 222.8 218.6 Total current liabilities STATEMENT OF CASH FLOWS 930.1 937.6 860.0 1,052.8 1,240.2 Cash fl ow from operating activities 258.4 179.7 424.4 335.1 340.1 Cash fl ow from investing activities Cash fl ow from investments in property, plant (108.2) (103.2) (122.5) (135.8) (138.4) and equipment (71.5) (79.3) (92.1) (129.5) (113.9) Total cash fl ow from operating and investing activities 150.2 76.5 301.9 199.3 201.6 Cash fl ow from fi nancing activities (86.7) (142.8) (44.3) (83.0) (285.3) Net cash fl ow for the year KEY RATIOS 63.5 (66.3) 257.6 116.3 (83.7) Gross margin (%) 56.4 59.1 60.8 59.6 60.4 EBITDA margin (%) 6.8 11.4 11.8 8.5 12.4 EBITDA margin, adjusted for non-recurring items (%) 7.3 12.1 12.0 11.7 13.4 EBIT margin (%) 3.4 8.2 8.1 4.5 9.3 Return on equity (%) 11.4 33.1 37.5 22.2 43.1 Equity ratio (%) 41.4 38.6 41.4 28.5 24.5 Average invested capital including goodwill 1,320.7 1,209.2 1,173.5 1,162.1 1,193.5 Return on invested capital (%) 9.9 26.6 24.1 14.2 29.3 Net interest-bearing debt, end of year 248.1 310.9 243.4 533.1 639.0 Financial gearing (%) SHARE-BASED RATIOS* Average number of shares excluding 29.9 41.9 32.6 104.7 134.9 treasury shares, diluted (thousand) 16,406.3 16,519.9 16,549.3 16,524.4 17,415.8 Share price, end of year, DKK 97.5 221.0 176.0 103.0 156.0 Earnings per share, DKK 5.4 14.8 13.9 6.1 12.6 Diluted earnings per share, DKK 5.4 14.7 13.9 6.1 12.6 Diluted cash fl ow per share, DKK 15.8 11.0 25.9 20.3 19.5 Diluted net asset value per share, DKK 50.5 44.7 44.7 30.0 28.0 Diluted price/ earnings, DKK EMPLOYEES Number of employees 18.2 15.1 12.7 16.8 12.4 (full-time equivalent at the end of the year) 2,217 2,344 2,315 2,261 2,441 * The effect of IC Companys’ programmes for share options and warrants has been included in the diluted values. The key ratios and share data have been calculated according to the recommendations in “Recommendations and Ratios 2010” issued by the Danish Society of Financial Analysts. Please see defi nition of key ratios on page 106. This announcement is a translation from the Danish language. In the event of any discrepancy between the Danish and English versions, the Danish version shall prevail. IC COMPANYS ANNUAL REPORT 2011/12
Page 1 and 2: ANNUAL REPORT 2011/12
Page 3: Management report A clear direction
Page 7 and 8: Our Vision; to be one of the best d
Page 9 and 10: Financial potential Strong growth o
Page 11 and 12: Outlook Outlook for 2011/12 fulfill
Page 13 and 14: strategy (please see page 6), the G
Page 15 and 16: Premium By Malene Birger About the
Page 17 and 18: Premium Designers Remix About the b
Page 19 and 20: Mid Market Matinique About the bran
Page 21 and 22: Mid Market Management report PAGE 2
Page 23 and 24: Mid Market Cottonfield About the br
Page 25 and 26: Fast Fashion Soaked in Luxury About
Page 27 and 28: wholesale market. Furthermore, most
Page 29 and 30: Group brands The adverse developmen
Page 31 and 32: Earnings development Gross margin a
Page 33 and 34: Furthermore, cash and cash equivale
Page 35 and 36: To facilitate the implementation of
Page 37 and 38: This policy sets out certain overal
Page 39 and 40: PRINCIPLES Planet - Environmental r
Page 41 and 42: Board of Directors The Company’s
Page 43 and 44: The Board of Directors and the Exec
Page 45 and 46: Supplier risk The Group’s product
Page 47 and 48: Please see note 28 to the consolida
Page 49 and 50: The Executive Board Peter Fabrin Ex
Page 51 and 52: The Board of Directors Ole Wengel D
Page 53 and 54: Management report PAGE 53 IC COMPAN
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Management report PAGE 55 IC COMPAN
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Annual General Meeting 2012 Managem
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Consolidated income statement Conso
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Consolidated statement of financial
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Consolidated statement of cash flow
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Notes to the consolidated financial
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4. Staff costs Notes to the consoli
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10. Dividends Please see note 9 of
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17. Prepayments Notes to the consol
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21. Non-current liabilities to cred
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Management report PAGE 89 IC COMPAN
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Income statement Financial statemen
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Statement of financial position ASS
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Statement of cash flows Financial s
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Notes to the financial statements o
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9. Dividends Notes to the financial
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13. Deferred tax Notes to the finan
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Notes to the financial statements o
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Group structure at 30 June 2012 Man
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Statements Statement by the Managem
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Financial highlights and key ratios
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Other executives Name Position Fred
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ANNUAL REPORT 2011/12 - IC Companys A/S

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