Annual Report 2009/10 Excellence in Retailing - Douglas Holding

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U2 DOUGLAS HOLDING AG THE DOUGLAS GROUP FACTS & FIGURES Facts & Figures 2009/10 2008/09 Change (in %) Sales EUR m 3,320.8 3,200.8 3.7 national EUR m 2,168.2 2,071.5 4.7 international EUR m 1,152.6 1,129.3 2.1 EBITDA EUR m 286.9 255.0 12.5 margin in % 8.6 8.0 − EBT before closing costs 1) EUR m 131.2 127.6 2.8 margin in % 4.0 4.0 − EBT EUR m 131.2 103.9 26.3 margin in % 4.0 3.2 − Net income EUR m 76.1 62.8 21.2 Share price (September 30) EUR 36.83 31.25 17.9 EBITDA per share EUR 7.30 6.49 12.5 Earnings per share EUR 1.93 1.60 20.6 Dividend per share EUR 1.10 1.10 − DVA EUR m 23.7 20.5 15.6 Free Cash Flow EUR m 88.2 84.5 4.4 Capital expenditure EUR m 117.5 112.3 4.6 09/30/2010 09/30/2009 Change (in %) Non-current assets EUR m 792.1 798.8 −0.8 Current assets EUR m 886.8 889.8 −0.3 Equity EUR m 764.8 710.9 7.6 Non-current liabilities EUR m 113.8 129.7 −12.3 Current liabilities EUR m 827.6 848.0 −2.4 Balance sheet total EUR m 1,713.4 1,688.6 1.5 Working capital EUR m 418.1 455.0 −8.1 Net bank debt EUR m 124.0 165.3 −25.0 Employees 24,655 24,190 − Stores 1,973 2,005 − Sales area 1,000 m2 596.6 590.6 − 1) 2008/09: Closing costs of 23.7 EUR m
U3 DOUGLAS HOLDING AG 1 DOUGLAS HOLDING AG 26 MANAGEMENT REPORT 71 DIVISIONS 111 FINANCIAL STATEMENTS 175 FURTHER INFORMATION CONTENTS 1 Mission Statement 2 Letter to the Shareholders 4 Executive Board 5 Corporate Governance 8 Report of the Supervisory Board 10 DOUGLAS Share 14 Impressions 18 Human Resources 26 The DOUGLAS Group Brands 29 Key results 30 Business activities and operating environment 35 Net assets, financial position and result of operations 45 DOUGLAS HOLDING AG 46 Subsequent events 47 Control system and success factors 57 Opportunities and risks situation 63 Statutory disclosures 64 Forecast and overall assessment 72 Perfumeries 84 Books 92 Jewelry 98 Fashion 104 Confectionery 110 Services 112 Facts & figures 113 Consolidated income statement 114 Consolidated balance sheet 115 Statement of changes in Group equity 116 Segment reporting 118 Consolidated Cash Flow statement 119 Notes 135 Notes to the income statement 140 Notes to the balance sheet 174 Auditor’s report 176 Overview of the past several years 178 Glossary 180 Financial calendar 180 Credits
Page 1: Annual Report 2009/10 Excellence in
Page 5 and 6: MISSION STATEMENT DOUGLAS HOLDING A
Page 7 and 8: to within the foreseeable future. A
Page 9 and 10: CORPORATE GOVERNANCE DOUGLAS HOLDIN
Page 11 and 12: 167 168 component of the Chief Huma
Page 13 and 14: Dr. Dr. h.c. Jörn Kreke, Chairman
Page 15 and 16: Fig. 3 Fig. 2 · Maximum and minimu
Page 17 and 18: from Executive Board speeches as we
Page 19 and 20: IMPRESSIONS October 2009 With Dougl
Page 21 and 22: June 2010 Hussel pilots a “new wo
Page 23 and 24: DOUGLAS HOLDING AG 19 Mission State
Page 25 and 26: Valued for their reading tips: Mari
Page 27 and 28: seminar at the Zeppelin University
Page 29 and 30: DOUGLAS HOLDING AG Mission Statemen
Page 31 and 32: MANAGEMENT REPORT CONTENTS Manageme
Page 33 and 34: KEY RESULTS IN THE 2009/10 FISCAL Y
Page 35 and 36: All five retailing divisions combin
Page 37 and 38: Fig. 1 · Targets and results Targe
Page 39 and 40: ahead at the positive economic outl
Page 41 and 42: In the fiscal year, Douglas opened
Page 43 and 44: The operating earnings in the Books
Page 45 and 46: Fig. 6 · Development of capital ex
Page 47 and 48: lining, which had a liquidity effec
Page 49 and 50: DOUGLAS HOLDING AG The DOUGLAS HOLD
Page 51 and 52: INTERNAL CONTROL SYSTEM AND KEY SUC
Page 53 and 54:
DVA calculation Based on the premis
Page 55 and 56:
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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Group of Consolidated Companies Ger
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At-equity consolidation 09/30/2010
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5. Accounting and valuation princip
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Financial assets denominated in a f
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issued for speculative purposes. De
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NOTES TO THE INCOME STATEMENT 6. Sa
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11. Investment result In the previo
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15. Income taxes Income taxes 2009/
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Intangible assets - Fiscal year 200
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Property, plant and equipment - Fis
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Finance leases As of the balance sh
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Carrying amounts of goodwill and in
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accounts. The write-downs on trade
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23. Assets and liabilities held for
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of the fiscal year, which are then
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essary information, this plan is qu
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Statement of changes in current pro
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Cash and cash equivalents are compr
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31. Fair Values of financial instru
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All financial liabilities existing
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Financial liabilities In the 2006/0
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There were no receivables from rela
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Expenses for auditor’s fees In ac
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Significant shareholdings No. Name
Page 177 and 178:
Prof. Dr. Mark Wössner Entrepreneu
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FURTHER INFORMATION CONTENTS 176 Ov
Page 181 and 182:
Overview of the past several years
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Fair Value Amount at which an asset
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www.douglas.de www.thalia.de · www
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Annual Report 2009/10 Excellence in Retailing - Douglas Holding

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