Annual Report 2009/10 Excellence in Retailing - Douglas Holding

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176 Further information Overview Glossary Financial calendar/Credits Overview of the past several years IFRS HGB 2009/10 2008/09 2007/08 1) 2006/07 2005/06 2004/05 2004/05 2003/04 2003 abbrev. 2002 2001 Sales EUR m 3,320.8 3,200.8 3,130.4 3,000.6 2,680.0 2,417.6 2,418.7 2,288.4 1,442.6 2,234.3 2,190.2 National EUR m 2,168.2 2,071.5 2,032.9 2,032.6 1,815.3 1,724.3 1,724.3 1,596.8 1,016.9 1,655.0 1,667.1 International EUR m 1,152.6 1,129.3 1,097.5 968.0 864.7 693.3 694.4 691.6 425.7 579.3 523.1 EBITDA EUR m 286.9 255.0 276.9 266.0 242.9 228.6 219.5 213.1 81.3 206.4 222.5 EBITDA margin in % 8.6 8.0 8.8 8.9 9.1 9.5 9.1 9.3 5.6 9.2 10.2 EBIT EUR m 141.7 116.1 159.9 157.2 142.1 136.1 122.4 112.2 7.0 105.9 125.2 EBIT margin in % 4.3 3.6 5.1 5.2 5.3 5.6 5.1 4.9 0.5 4.7 5.7 EBT EUR m 131.2 103.9 149.3 143.1 129.4 119.4 119.5 110.3 3.6 95.1 118.3 EBT margin in % 4.0 3.2 4.8 4.8 4.8 4.9 4.9 4.8 0.2 4.3 5.4 Net income for the year EUR m 76.1 62.8 97.1 88.4 76.0 57.3 74.5 64.5 −11.4 58.9 81.5 Non-current assets2) EUR m 792.1 798.8 808.4 734.9 636.4 540.7 501.9 437.4 420.1 435.2 447.7 Current assets3) EUR m 886.8 889.8 935.4 993.2 957.9 873.2 868.0 779.9 759.9 895.8 839.4 Working Capital4) EUR m 418.1 455.0 459.8 400.0 381.4 343.6 574.4 504.3 487.5 507.6 479.6 Equity EUR m 764.8 710.9 697.0 639.2 591.0 537.8 602.1 564.5 531.2 582.3 571.3 Equity ratio in % 44.6 42.1 39.9 36.9 37.1 38.0 43.3 45.9 44.5 43.4 44.0 Non-current liabilities 5) EUR m 113.8 129.7 148.1 294.0 278.2 212.7 214.1 152.6 169.1 173.4 164.4 Current liabilities 6) EUR m 827.6 848.0 898.7 794.9 725.1 663.4 573.4 509.4 487.3 576.6 557.4 Net-debt7) EUR m 124.0 165.3 220.6 206.8 145.2 74.0 74.0 40.6 80.7 4.5 74.3 Total assets EUR m 1,713.4 1,688.6 1,743.8 1,728.1 1,594.3 1,413.9 1,391.7 1,229.9 1,194.5 1,341.1 1,298.6 Cash Flow from operative activities EUR m 246.2 191.7 208.4 195.7 151.1 158.3 178.7 170.2 37.6 202.3 162.3 Cash Flow from investing activities EUR m −158.0 −107.2 −168.3 −201.6 −168.2 −133.5 −140.8 −100.4 −70.0 −98.2 −134.0 Free Cash Flow EUR m 88.2 84.5 40.1 −5.9 −17.1 24.8 37.9 69.7 −32.4 104.1 28.3 Cash Flow from financing activities EUR m −72.1 −100.1 −154.6 −52.9 12.4 35.2 21.2 −42.9 −43.3 −40.7 −60.5 Capital expenditure EUR m 117.5 112.3 155.5 155.8 141.2 121.6 120.9 118.3 65.5 98.1 144.7 Amortization/depreciation EUR m 145.2 138.9 117.0 108.8 100.8 92.5 97.1 101.1 74.6 105.5 97.7 Number of shares m shares 39.3 39.3 39.2 39.2 39.2 39.1 39.1 39.1 39.0 39.0 39.0 Market capitalization EUR m 1,447.4 1,228.1 1,263.8 1,717.4 1,445.0 1,236.2 1,236.2 929.9 951.8 656.5 1,207.5
Overview of the past several years IFRS HGB 2009/10 2008/09 2007/08 1) 2006/07 2005/06 2004/05 2004/05 2003/04 Further information 177 2003 abbrev. 2002 2001 Per no-par value share Share price – end of fiscal year EUR 36.83 31.25 32.24 43.81 36.90 31.60 31.60 23.80 24.40 16.83 31.00 EBITDA EUR 7.30 6.49 7.06 6.79 6.23 5.90 5.62 5.50 2.08 5.29 5.71 Earnings8) EUR 1.93 1.60 2.47 2.25 1.94 1.47 1.56 1.53 −0.69 1.48 1.80 Dividend EUR 1.10 1.10 1.10 1.10 1.10 1.00 1.00 1.00 0.75 0.90 0.90 Dividend yield in % 3.0 3.5 3.4 2.5 3.0 3.2 3.2 4.2 3.1 5.3 2.9 Employees 24,655 24,190 24,521 23,265 21,002 19,588 19,588 18,698 18,039 18,967 18,698 National 15,164 14,761 15,110 14,746 13,521 12,952 12,952 12,333 12,071 13,391 13,808 International 9,491 9,429 9,411 8,519 7,481 6,636 6,636 6,365 5,968 5,576 4,890 Stores 1,973 2,005 1,966 1,840 1,549 1,599 1,599 1,573 1,558 1,574 1,544 National 1,142 1,165 1,169 1,155 995 1,102 1,102 1,084 1,105 1,153 1,173 International 831 840 797 685 554 497 497 489 453 421 371 Sales space 1,000 m2 596.6 590.6 574.1 528.5 458.8 407.3 407.3 358.5 331.2 328.4 316.8 National 1,000 m2 384.6 381.1 378.6 354.1 308.9 271.2 271.2 237.8 221.3 225.6 247.4 International 1,000 m2 212.0 209.5 195.5 174.4 149.9 136.1 136.1 120.7 109.9 102.8 69.4 1) Restatement of figures due to change in accounting for customer loyalty programs according to IFRIC 13 2) HGB: Fixed assets 3) HGB: Current assets 4) IFRS: Inventory and trade accounts receivable less trade accounts payable; HGB: Current assets less current liabilities 5) HGB: Non-current provisions (for pensions, purchase price annuities, severance pay, anniversary payments, provisions for onerous contracts from tenancies and interest rate swaps) plus non-current liabilities 6) HGB: Total of provisions and liabilities less non-current portion 7) Cash and cash equivalents less liabilities to banks 8) HGB: DVFA/SG earnings Overview Glossary Financial calendar/Credits
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Annual Report 2009/10 Excellence in
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U3 DOUGLAS HOLDING AG 1 DOUGLAS HOL
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MISSION STATEMENT DOUGLAS HOLDING A
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to within the foreseeable future. A
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CORPORATE GOVERNANCE DOUGLAS HOLDIN
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167 168 component of the Chief Huma
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Dr. Dr. h.c. Jörn Kreke, Chairman
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Fig. 3 Fig. 2 · Maximum and minimu
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from Executive Board speeches as we
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IMPRESSIONS October 2009 With Dougl
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June 2010 Hussel pilots a “new wo
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DOUGLAS HOLDING AG 19 Mission State
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Valued for their reading tips: Mari
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seminar at the Zeppelin University
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DOUGLAS HOLDING AG Mission Statemen
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MANAGEMENT REPORT CONTENTS Manageme
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KEY RESULTS IN THE 2009/10 FISCAL Y
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All five retailing divisions combin
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Fig. 1 · Targets and results Targe
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ahead at the positive economic outl
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In the fiscal year, Douglas opened
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The operating earnings in the Books
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Fig. 6 · Development of capital ex
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lining, which had a liquidity effec
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DOUGLAS HOLDING AG The DOUGLAS HOLD
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INTERNAL CONTROL SYSTEM AND KEY SUC
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DVA calculation Based on the premis
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Fig. 14 · Employees by division Ch
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development of highly qualified emp
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Corporate responsibility is also an
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“La Margerita” in organic quali
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Information technology opportunitie
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The data transferred is then automa
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The existing risks both as individu
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in most industrial countries, the s
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cialty retail stores forms a solid
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By relaunching its online presentat
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DIVISIONS CONTENTS 72 Perfumeries 8
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THE WORLD OF BEAUTY First, the good
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Nowy Sa˛ cz, Poland, October 2009
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Natalia Wörner and Michael Michals
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showpiece: “Hilfiger Woman” - a
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Stress-free shopping: Douglas - her
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Established the first-ever Douglas
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Austria’s first multi-channel boo
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Divisions Thalia · Books 87 Tradit
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Thalia in Figures employees, who su
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Capturing the imaginations of Dortm
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Pear shape Round brilliant shape Pr
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Nadia Iram Christ, Frankfurt (Zeil)
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Christ: more than ever before. Empl
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FASHIONS, TOP BRANDS, MULTI-CHANNEL
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Whether her style is casual or clas
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merchandising program, enabling App
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During the 2009/10 financial year H
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Impeccably showcased products: the
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Hussel in Figures Aschaffenburg is
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FINANCIAL STATEMENTS CONTENTS 112 F
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CONSOLIDATED INCOME STATEMENT for t
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STATEMENT OF CHANGES IN GROUP EQUIT
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Financial statements Facts & figure
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NOTES TO THE CONSOLIDATED FINANCIAL
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IAS 23 “Borrowing Costs” In Mar
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public sector have been expanded. T
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Page 131 and 132: At-equity consolidation 09/30/2010
Page 133 and 134: 5. Accounting and valuation princip
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Page 137 and 138: issued for speculative purposes. De
Page 139 and 140: NOTES TO THE INCOME STATEMENT 6. Sa
Page 141 and 142: 11. Investment result In the previo
Page 143 and 144: 15. Income taxes Income taxes 2009/
Page 145 and 146: Intangible assets - Fiscal year 200
Page 147 and 148: Property, plant and equipment - Fis
Page 149 and 150: Finance leases As of the balance sh
Page 151 and 152: Carrying amounts of goodwill and in
Page 153 and 154: accounts. The write-downs on trade
Page 155 and 156: 23. Assets and liabilities held for
Page 157 and 158: of the fiscal year, which are then
Page 159 and 160: essary information, this plan is qu
Page 161 and 162: Statement of changes in current pro
Page 163 and 164: Cash and cash equivalents are compr
Page 165 and 166: 31. Fair Values of financial instru
Page 167 and 168: All financial liabilities existing
Page 169 and 170: Financial liabilities In the 2006/0
Page 171 and 172: There were no receivables from rela
Page 173 and 174: Expenses for auditor’s fees In ac
Page 175 and 176: Significant shareholdings No. Name
Page 177 and 178: Prof. Dr. Mark Wössner Entrepreneu
Page 179: FURTHER INFORMATION CONTENTS 176 Ov
Page 183 and 184: Fair Value Amount at which an asset
Page 186: www.douglas.de www.thalia.de · www
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