Annual Report 2009/10 Excellence in Retailing - Douglas Holding

Fig. 3
Fig. 2 · Maximum and minimum price of the DOUGLAS share in the 2009/10 fiscal year
EUR 38
EUR 36
EUR 34
EUR 32
EUR 30
EUR 28
DOUGLAS HOLDING AG
Oct 09 Nov 09 Dec 09 Jan 10 Feb 10 Mar 10 Apr 10 May 10 Jun 10 Jul 10 Aug 10 Sep 10
31.99
30.29
34.32
29.95
34.93
33.83
34.47
32.08
35.27
31.70
into account the 2008/09 dividend of 1.10 Euro per
share, this translates into a total shareholder return
of 21.4 percent. Subsequently, the DOUGLAS share
followed the performance of the comparative indices.
On the balance sheet date as of September 30, 2010,
the share reached its yearly high at 36.83 Euro for the
2009/10 fiscal year and recorded its yearly low at 29.95
Euro on November 3, 2009.
Lower trading volume
With the stabilization of the financial markets and
the resulting fall in the volatility of the stock markets,
the trading volume dropped on the international
stock exchanges. The DOUGLAS shares could not escape
from this trend. The average daily turnover on
the electronic platform XETRA, which is where nearly
90 percent of all trading in DOUGLAS shares takes
place, declined by 38 percent to 85,000 shares in
the 2009/10 fiscal year (FY 2008/09: 137,000 shares).
Nonetheless, at peak times, more than 350,000 shares
changed hands in a single day. Alternative electronic
trading platforms are becoming increasingly more important
for the DOUGLAS share, and reached a share
in total sales of roughly ten percent in the 2009/10
fiscal year.
Compared to the prior year’s closing date, the
DOUGLAS share had a market capitalization of 1.45
billion Euro as of September 30, 2010 (9/30/2009: 1.23
36.24
34.21
35.49
33.95
35.20
32.80
35.06
34.28
34.99
33.70
34.98
33.22
36.83
34.16
billion Euro). According to Deutsche Börse AG’s index
system, which only takes free float into account when
calculating market capitalization, the shares were
ranked 34th in the MDAX (9/30/2009: 26th), with an
index-weighting of around 1.2 percent as of the close
of the fiscal year (9/30/2009: 1.4 percent).
Intensive dialog with capital markets
Maintaining ongoing and transparent dialogs
with analysts as well as institutional and private
investors feature strongly in the DOUGLAS Group.
Alongside the reporting of key financial indicators,
the focus of the investor relations’ activities is also
the communication of the DOUGLAS Group’s valueoriented
corporate strategy. The objective is to clarify
Fig. 3 · Trading volume – Five year overview 1)
shares 2005/06 2006/07 2007/08 2008/09 2009/10
250,000
200,000
150,000
100,000
50,000
1) daily average
120,000
174,000
236,000
Mission Statement
Letter to the Shareholders
Executive Board
Corporate Governance
Report of the Supervisory Board
DOUGLAS Share
Impressions
Human Resources
137,000
85,000
11