MIRA INFORM REPORT
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Report Date : |
10.12.2011 |
IDENTIFICATION DETAILS
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Name : |
ADOLFO DOMINGUEZ SA |
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Registered Office : |
Poligono Industrial, Calle 4, Parcela 8, San Ciprian de Vinas, 32901 |
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Country : |
Spain |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
09.03.1989 |
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Com. Reg. No.: |
A32104226 |
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Legal Form : |
Public Independent Company |
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Line of Business : |
Subject is engaged in textile industry |
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No. of Employees
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2,374 persons |
RATING & COMMENTS
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MIRAs Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Spain |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
Adolfo Dominguez SA
Poligono Industrial,
Calle 4, Parcela 8
San Ciprian de Vinas, 32901
Spain
Tel: 34-988-398705
Fax: 34-988-246761
Web: www.adolfodominguezshop.com
Synthesis
Employees: 2,374
Company Type: Public Independent
Traded: Mercado
Continuo Espana: ADZ
Incorporation Date:
09-Mar-1989
Auditor: Deloitte SL
Financials in: USD
(Millions)
Fiscal Year End:
28-Feb-2011
Reporting Currency: Euro
Annual Sales: 219.9
1
Net Income: (5.9)
Total Assets: 245.5
2
Market Value: 63.8
(25-Nov-2011)
Business Description
Adolfo Dominguez
SA is a Spain-based company primarily engaged in the textile industry. The
Company’s activities include the design, confection and marketing of apparel
and accessories for men, women and children, as well as home furnishings and
accessories, which are distributed under the Adolfo Dominguez, AD+, Linea U,
SALTA, Mi Casa and ADC brands. The Company is a parent of Grupo Adolfo
Dominguez, a group which comprises a number of controlled entities that, as of
December 31, 2009, operated a network of 486 stores. Through its subsidiaries
and affiliates, the Company has operations established in Argentina, Belgium,
China, Costa Rica, El Salvador, the United States, France, Israel, Japan,
Luxembourg, Mexico, Panama, Peru, Portugal, the United Kingdom and Germany,
among others. In addition, the Company is a 15.1%-owned affiliate of Puig SA.
For the three months ended 31 May 2011, Adolfo Dominguez SA's total revenue
decreased 10% to EUR31.3M. Net loss for the period increased from EUR1.7M to
EUR3.4M. Total revenue reflects decreased demand for the Company's products and
services. Higher net loss for the period reflects lower operating margins due
to higher staff costs and provisions, as well as loss on write down of assets.
Industry
Industry
Apparel and Accessories
ANZSIC 2006: 1351 - Clothing Manufacturing
NACE 2002: 1822 - Manufacture
of other outerwear
NAICS 2002: 315222 - Men's and
Boys' Cut and Sew Suit, Coat, and Overcoat Manufacturing
UK SIC 2003: 18221 -
Manufacture of other men's outerwear
US SIC 1987: 2311 - Men's and
Boys' Suits, Coats, and Overcoats
Key Executives
|
Name |
Title |
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Adolfo Dominguez Fernandez |
Executive Chairman of the Board, Chief Executive Officer |
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Juan Manuel Fernandez Novo |
Chief Financial Officer, Executive Director |
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Luis de Carlos Bertran |
Non-Member Secretary of the Board |
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Stephen Maher |
Director of Men Products Department |
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Modesto Lusquinos Garcia |
Internal Auditor |
News
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Financial Summary
As of 31-Aug-2011
Key Ratios Company Industry
Current Ratio (MRQ) 2.50 2.75
Quick Ratio (MRQ) 1.00 1.45
Debt to Equity (MRQ) 0.18 0.52
Net Profit Margin (TTM) % -5.86 7.39
Return on Assets (TTM) % -5.34 7.59
Return on Equity (TTM) % -7.30 15.09
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Stock Snapshot |
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Registered No.(ESP): A32104226
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7591572
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7240081
1983-2011 Reuters Research Inc. All Rights Reserved.
Corporate Overview
Location
Poligono Industrial,
Calle 4, Parcela 8
San Ciprian de Vinas, 32901
Spain
Tel: 34-988-398705
Fax: 34-988-246761
Web: www.adolfodominguezshop.com
Quote Symbol - Exchange
ADZ - Mercado
Continuo Espana
Sales EUR(mil): 166.9
Assets EUR(mil): 177.8
Employees: 2,374
Fiscal Year End: 28-Feb-2011
Industry: Apparel
and Accessories
Incorporation Date: 09-Mar-1989
Company Type: Public
Independent
Quoted Status: Quoted
Registered No.(ESP): A32104226
Executive Chairman
of the Board, Chief
Executive Officer: Adolfo
Dominguez Fernandez
Company Web Links
Home Page
Contents
Industry Codes
Business Description
Brand/Trade Names
Financial Data
Market Data
Shareholders
Branch Offices
Subsidiaries
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
4251 - Clothing Retailing
6240 - Financial Asset Investing
1351 - Clothing Manufacturing
4259 - Other Personal Accessory Retailing
NACE 2002 Codes:
1822 - Manufacture of other outerwear
7415 - Management activities of holding companies
1823 - Manufacture of underwear
5242 - Retail sale of clothing
1821 - Manufacture of workwear
NAICS 2002 Codes:
315225 - Men's and Boys' Cut and Sew Work Clothing Manufacturing
448120 - Women's Clothing Stores
315223 - Men's and Boys' Cut and Sew Shirt (except Work Shirt) Manufacturing
315234 - Women's and Girls' Cut and Sew Suit, Coat, Tailored Jacket,
and Skirt Manufacturing
315232 - Women's and Girls' Cut and Sew Blouse and Shirt
Manufacturing
448110 - Men's Clothing Stores
315212 - Women's, Girls', and Infants' Cut and Sew Apparel
Contractors
448190 - Other Clothing Stores
315222 - Men's and Boys' Cut and Sew Suit, Coat, and Overcoat
Manufacturing
551112 - Offices of Other Holding Companies
US SIC 1987:
2331 - Women's, Misses', and Juniors' Blouses and Shirts
5611 - Men's and Boys' Clothing and Accessory Stores
2321 - Men's and Boys' Shirts, Except Work Shirts
6719 - Offices of Holding Companies, Not Elsewhere Classified
2311 - Men's and Boys' Suits, Coats, and Overcoats
5699 - Miscellaneous Apparel and Accessory Stores
2326 - Men's and Boys' Work Clothing
5621 - Women's Clothing Stores
2335 - Women's, Misses', and Juniors' Dresses
2337 - Women's, Misses', and Juniors' Suits, Skirts, and Coats
UK SIC 2003:
18232 - Manufacture of women's underwear
1821 - Manufacture of workwear
52424 - Retail sale of other men's clothing
18222 - Manufacture of other women's outerwear
18231 - Manufacture of men's underwear
18221 - Manufacture of other men's outerwear
7415 - Management activities of holding companies
5242 - Retail sale of clothing
52423 - Retail sale of other women's clothing
Business
Description
Adolfo Dominguez
SA is a Spain-based company primarily engaged in the textile industry. The
Company’s activities include the design, confection and marketing of apparel
and accessories for men, women and children, as well as home furnishings and
accessories, which are distributed under the Adolfo Dominguez, AD+, Linea U,
SALTA, Mi Casa and ADC brands. The Company is a parent of Grupo Adolfo
Dominguez, a group which comprises a number of controlled entities that, as of
December 31, 2009, operated a network of 486 stores. Through its subsidiaries
and affiliates, the Company has operations established in Argentina, Belgium,
China, Costa Rica, El Salvador, the United States, France, Israel, Japan,
Luxembourg, Mexico, Panama, Peru, Portugal, the United Kingdom and Germany,
among others. In addition, the Company is a 15.1%-owned affiliate of Puig SA.
For the three months ended 31 May 2011, Adolfo Dominguez SA's total revenue
decreased 10% to EUR31.3M. Net loss for the period increased from EUR1.7M to
EUR3.4M. Total revenue reflects decreased demand for the Company's products and
services. Higher net loss for the period reflects lower operating margins due
to higher staff costs and provisions, as well as loss on write down of assets.
More Business
Descriptions
Retail sale of textiles in specialised stores
Head of a Group of Companies with interests in the manufacture, wholesale, retail, import and export of ladies' wear and menswear, including ready-to-wear garments, shoes, spectacles, jewellery, handbags and perfumes through exclusive shops and franchise outlets; soft furnishings; marketing and management services to Group companies
Cut and Sew Apparel Contractors
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Executive report
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Board of
Directors |
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Executive Chairman of the Board, Chief Executive Officer |
Chairman |
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Independent Vice Chairman of the Board |
Vice-Chairman |
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Director |
Director/Board Member |
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Chief Financial Officer, Executive Director |
Director/Board Member |
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Independent Director |
Director/Board Member |
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Executive Director, Director of Women Products Department |
Director/Board Member |
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Member Of The Board |
Director/Board Member |
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Director, Representative of Luxury Liberty SA |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Executives |
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Executive Chairman of the Board, Chief Executive Officer |
Chief Executive Officer |
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Resp. Departamento Domínguez Básico |
Division Head Executive |
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Resp. Depto. de Diseño Comercial |
Division Head Executive |
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Vice Secretary |
Administration Executive |
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Non-Member Secretary of the Board |
Company Secretary |
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Secretário General |
Company Secretary |
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Chief Financial Officer, Executive Director |
Finance Executive |
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Internal Auditor |
Accounting Executive |
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Responsable Recursos Humanos |
Human Resources Executive |
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Director Comercial |
Sales Executive |
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Director de Marketing |
Marketing Executive |
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Responsable Relaciones Públicas |
Corporate Communications Executive |
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Computer Science Director |
Information Executive |
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Responsable Departamento Informática |
Information Executive |
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Director of Men Products Department |
Product Management Executive |
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Commercial Manager |
Commercial Executive |
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Resp Producción y Planificación |
Planning Executive |
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Asesor Jurídico Interno |
Legal Executive |
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Organizational Director |
Other |
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Significant Developments
There were no significant developments matching your query for KeyID
42695575
Annual Profit & Loss
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.755078 |
0.719047 |
0.683679 |
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Consolidated |
No |
No |
No |
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Charges |
207.1 |
229.4 |
55.0 |
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Supplies |
69.4 |
- |
26.3 |
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Goods Consumption |
64.5 |
- |
13.1 |
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Consumption of Raw
Materials |
4.9 |
- |
1.7 |
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Miscellaneous External
Expenditures |
- |
- |
11.4 |
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Staff Costs |
61.2 |
62.2 |
12.8 |
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Wages and Salaries |
47.7 |
48.4 |
9.8 |
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Social Security Costs |
13.5 |
13.9 |
3.0 |
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Depreciation |
16.9 |
16.0 |
2.3 |
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Allowance for Trade Operations |
1.6 |
80.8 |
0.7 |
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Stock Provision
Variation |
- |
78.8 |
- |
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Losses from
Unrecovered Receivables |
1.6 |
2.0 |
0.7 |
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Other Operating Charges |
51.3 |
61.5 |
11.6 |
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External Services |
50.6 |
60.6 |
11.6 |
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Taxes |
0.7 |
0.7 |
0.1 |
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Other Operating
Expenses |
0.0 |
0.2 |
- |
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Operating Benefits |
5.8 |
15.0 |
2.6 |
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Financials and Similar Charges |
1.5 |
1.7 |
0.3 |
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Due to Liabilities
With Group Companies |
- |
- |
0.0 |
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Due to Other
Liabilities |
1.5 |
1.7 |
0.2 |
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Changes in Financial Investment Provisions |
1.7 |
4.2 |
- |
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Exchange Losses |
0.3 |
0.4 |
0.3 |
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Profit From Ordinary Activities |
2.8 |
9.0 |
1.4 |
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Changes in Provisions for Assets |
0.8 |
0.4 |
- |
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Losses From Assets and Securities Portfolio |
2.4 |
0.4 |
0.4 |
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Profit Before Taxes |
0.0 |
8.6 |
1.4 |
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Corporation Tax |
0.0 |
1.7 |
0.4 |
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Financial Year Result (Profit) |
- |
6.9 |
1.0 |
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Income |
207.1 |
236.3 |
55.9 |
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Net Total Sales |
200.8 |
231.0 |
55.5 |
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Sales |
200.8 |
231.0 |
55.5 |
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Rendering of Services |
0.0 |
0.0 |
0.0 |
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Miscellaneous Operating Income |
5.5 |
4.6 |
0.5 |
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Auxiliary Income From
Current Management |
5.3 |
4.0 |
0.5 |
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Grants |
0.2 |
0.5 |
0.0 |
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Income From Equity Investment |
- |
0.4 |
- |
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In Group Companies |
- |
0.3 |
- |
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Third Parties |
- |
0.1 |
- |
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Income From Miscellaneous Interests |
0.4 |
- |
0.0 |
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From Group Companies |
0.2 |
- |
- |
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Miscellaneous
Interests |
0.2 |
- |
0.0 |
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Negative Financial Results |
3.0 |
6.0 |
1.2 |
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Capital Grants Transferred to Profit and Loss |
0.4 |
0.3 |
- |
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Negative Extraordinary Results |
2.8 |
0.4 |
0.4 |
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Financial Year Result (Losses) |
0.0 |
- |
- |
Annual Balance Sheet
Financials in: USD (mil)
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Concessions, Patents,
Trademarks |
0.5 |
0.5 |
1.4 |
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Fees Paid for Premises |
0.8 |
0.8 |
6.7 |
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Software |
1.0 |
0.6 |
1.8 |
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Accumulated
Depreciation |
- |
- |
-8.4 |
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Total Intangible Fixed Assets |
2.3 |
1.8 |
1.4 |
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Land and Construction |
28.7 |
31.7 |
21.0 |
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Technical
Installations and Machinery |
64.6 |
76.9 |
102.0 |
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Other Installations,
Tools, and Furniture |
9.6 |
11.4 |
15.1 |
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Tangible Fixed Assets
Under Construction |
2.4 |
1.9 |
25.7 |
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Other Tangible Assets |
2.4 |
2.8 |
3.7 |
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Accumulated
Depreciation |
- |
- |
-60.2 |
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Total Tangible Fixed Assets |
107.7 |
124.8 |
107.4 |
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Investments in Group
Companies |
26.5 |
26.1 |
76.5 |
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Receivables from Group
Companies |
4.1 |
10.0 |
7.3 |
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Other Receivables |
3.7 |
4.5 |
1.0 |
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Long-Term Guarantees
and Deposits |
- |
- |
4.6 |
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Provisions |
- |
- |
-47.6 |
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Financial Investments |
34.3 |
40.6 |
41.8 |
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Long-Term Trade Receivables |
0.7 |
0.6 |
- |
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Total Fixed Assets |
144.9 |
167.9 |
151.2 |
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Deferred Expenses |
- |
- |
1.3 |
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Goods for Resale |
- |
45.8 |
- |
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Raw Materials and
Other Consumables |
1.2 |
0.9 |
0.6 |
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Goods in Process |
4.0 |
3.8 |
5.1 |
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Finished Products |
45.1 |
- |
55.8 |
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Payments on Account |
0.3 |
- |
- |
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Provisions |
- |
- |
-1.0 |
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Total Stocks |
50.6 |
50.5 |
60.4 |
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Trade Debtors |
24.2 |
26.5 |
33.6 |
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Other Debtors |
0.5 |
0.5 |
0.4 |
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Public Bodies |
2.4 |
1.2 |
0.1 |
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Provisions |
- |
- |
-2.2 |
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Total Debtors |
27.0 |
28.2 |
31.9 |
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Short-Term Securities
Portfolio |
11.4 |
2.2 |
- |
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Other Receivables |
- |
7.1 |
0.1 |
|
Short-Term Guarantees
and Deposits |
- |
- |
0.1 |
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Total Short-Term Investments |
11.4 |
9.3 |
0.1 |
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Cash |
4.7 |
3.9 |
3.0 |
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Prepayments and Accrued Income |
- |
0.5 |
0.4 |
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Total Current Assets |
93.7 |
92.4 |
95.9 |
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Total Assets |
238.6 |
260.3 |
247.2 |
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Legal Reserve |
1.5 |
1.6 |
1.5 |
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Miscellaneous Reserves |
169.5 |
176.1 |
147.4 |
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Total Reserves |
171.0 |
177.7 |
149.0 |
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Profit or Loss for the Financial Year |
0.0 |
7.1 |
1.0 |
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Total Equity |
178.3 |
192.7 |
187.6 |
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Capital Grants |
0.7 |
0.7 |
0.4 |
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Total Deferred Income |
0.7 |
0.7 |
0.4 |
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Loans and Other
Liabilities |
27.5 |
31.6 |
4.1 |
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Total Amounts Owed to Credit Institutions |
27.5 |
31.6 |
4.1 |
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Other Creditors |
1.7 |
2.0 |
2.0 |
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Long-Term Payables to
Public Bodies |
0.6 |
0.6 |
0.4 |
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Total Other Creditors |
2.3 |
2.6 |
2.4 |
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Group Companies |
- |
- |
0.7 |
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Total Unpaid Portion of Equity Investments |
- |
- |
0.7 |
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Total Long Term Liabilities |
29.8 |
34.2 |
6.5 |
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Loans and Other
Liabilities |
3.4 |
2.4 |
13.8 |
|
Accrued Interest on
Liabilities with Credit Instit |
- |
- |
0.1 |
|
Total Amounts Owed to Credit Institutions |
3.4 |
2.4 |
14.0 |
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Amounts Owed to Group
Companies |
0.8 |
0.1 |
- |
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Total Short-Term Amounts Owed to Group and
Associa |
0.8 |
0.1 |
- |
|
Amounts Owed for
Purchases of Goods or Services |
15.2 |
17.0 |
24.1 |
|
Total Trade Creditors |
15.2 |
17.0 |
24.1 |
|
Public Bodies |
5.6 |
6.4 |
8.4 |
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Miscellaneous Debts |
0.2 |
1.1 |
0.9 |
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Wages and Salaries
Payable |
5.1 |
5.5 |
5.8 |
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Total Other Creditors |
10.9 |
13.1 |
15.0 |
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Total Short Term Creditors |
30.4 |
32.7 |
53.1 |
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Total Liabilities and Equity |
239.1 |
260.3 |
247.2 |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
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28-Feb-2011 |
28-Feb-2010 |
28-Feb-2009 |
29-Feb-2008 |
31-Dec-2007 |
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Period Length |
12 Months |
12 Months |
12 Months |
2 Months |
12 Months |
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UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Updated Normal |
|
Filed Currency |
EUR |
EUR |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.759157 |
0.711244 |
0.697482 |
0.716258 |
0.730637 |
|
Auditor |
Deloitte SL |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
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Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
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Net Sales |
215.3 |
245.1 |
269.4 |
58.0 |
261.3 |
|
Revenue |
215.3 |
245.1 |
269.4 |
58.0 |
261.3 |
|
Other Revenue |
4.6 |
4.4 |
4.8 |
0.5 |
9.0 |
|
Other Revenue, Total |
4.6 |
4.4 |
4.8 |
0.5 |
9.0 |
|
Total Revenue |
219.9 |
249.5 |
274.2 |
58.5 |
270.4 |
|
|
|
|
|
|
|
|
Cost of Revenue |
74.0 |
79.8 |
85.3 |
26.3 |
81.9 |
|
Cost of Revenue, Total |
74.0 |
79.8 |
85.3 |
26.3 |
81.9 |
|
Gross Profit |
141.3 |
165.3 |
184.1 |
31.6 |
179.4 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
- |
- |
- |
- |
33.6 |
|
Labor & Related Expense |
71.1 |
74.7 |
75.4 |
14.1 |
61.8 |
|
Advertising Expense |
- |
- |
- |
- |
2.8 |
|
Total Selling/General/Administrative Expenses |
71.1 |
74.7 |
75.4 |
14.1 |
98.2 |
|
Depreciation |
19.2 |
20.3 |
19.0 |
2.5 |
12.1 |
|
Depreciation/Amortization |
19.2 |
20.3 |
19.0 |
2.5 |
12.1 |
|
Impairment-Assets Held for Use |
1.2 |
3.8 |
0.9 |
0.2 |
1.3 |
|
Other Unusual Expense (Income) |
-0.4 |
-2.8 |
-0.4 |
- |
- |
|
Unusual Expense (Income) |
0.9 |
1.0 |
0.6 |
0.2 |
1.3 |
|
Other Operating Expense |
61.3 |
70.4 |
84.7 |
13.9 |
34.6 |
|
Other, Net |
-0.1 |
-0.1 |
-0.2 |
- |
- |
|
Other Operating Expenses, Total |
61.2 |
70.3 |
84.5 |
13.9 |
34.6 |
|
Total Operating Expense |
226.4 |
246.1 |
264.8 |
57.0 |
228.2 |
|
|
|
|
|
|
|
|
Operating Income |
-6.5 |
3.4 |
9.4 |
1.5 |
42.2 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-0.9 |
-1.3 |
-1.6 |
-0.2 |
-0.2 |
|
Interest Expense, Net Non-Operating |
-0.9 |
-1.3 |
-1.6 |
-0.2 |
-0.2 |
|
Interest Income -
Non-Operating |
- |
- |
- |
- |
0.2 |
|
Investment Income -
Non-Operating |
-2.1 |
-0.1 |
-0.5 |
-0.2 |
0.5 |
|
Interest/Investment Income - Non-Operating |
-2.1 |
-0.1 |
-0.5 |
-0.2 |
0.7 |
|
Interest Income (Expense) - Net Non-Operating Total |
-3.0 |
-1.4 |
-2.1 |
-0.4 |
0.6 |
|
Other Non-Operating Income (Expense) |
0.0 |
-0.2 |
-0.1 |
-0.1 |
-0.5 |
|
Other, Net |
0.0 |
-0.2 |
-0.1 |
-0.1 |
-0.5 |
|
Income Before Tax |
-9.5 |
1.8 |
7.2 |
0.9 |
42.3 |
|
|
|
|
|
|
|
|
Total Income Tax |
-3.2 |
0.6 |
2.0 |
0.4 |
12.6 |
|
Income After Tax |
-6.3 |
1.2 |
5.2 |
0.5 |
29.6 |
|
|
|
|
|
|
|
|
Minority Interest |
0.4 |
0.1 |
0.7 |
0.0 |
-0.1 |
|
Net Income Before Extraord Items |
-5.9 |
1.4 |
5.9 |
0.6 |
29.5 |
|
Net Income |
-5.9 |
1.4 |
5.9 |
0.6 |
29.5 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
-5.9 |
1.4 |
5.9 |
0.6 |
29.5 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
-5.9 |
1.4 |
5.9 |
0.6 |
29.5 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
9.1 |
9.1 |
9.1 |
9.1 |
9.1 |
|
Basic EPS Excl Extraord Items |
-0.65 |
0.15 |
0.64 |
0.06 |
3.23 |
|
Basic/Primary EPS Incl Extraord Items |
-0.65 |
0.15 |
0.64 |
0.06 |
3.23 |
|
Dilution Adjustment |
0.0 |
- |
- |
- |
- |
|
Diluted Net Income |
-5.9 |
1.4 |
5.9 |
0.6 |
29.5 |
|
Diluted Weighted Average Shares |
9.1 |
9.1 |
9.1 |
9.1 |
9.1 |
|
Diluted EPS Excl Extraord Items |
-0.65 |
0.15 |
0.64 |
0.06 |
3.23 |
|
Diluted EPS Incl Extraord Items |
-0.65 |
0.15 |
0.64 |
0.06 |
3.23 |
|
Dividends per Share - Common Stock Primary Issue |
- |
0.08 |
0.18 |
0.00 |
0.67 |
|
Gross Dividends - Common Stock |
- |
0.9 |
2.0 |
0.0 |
7.5 |
|
Interest Expense, Supplemental |
0.9 |
1.3 |
1.6 |
0.2 |
0.2 |
|
Depreciation, Supplemental |
18.5 |
19.7 |
18.3 |
2.4 |
11.4 |
|
Total Special Items |
0.9 |
1.0 |
0.6 |
0.2 |
1.3 |
|
Normalized Income Before Tax |
-8.6 |
2.8 |
7.8 |
1.2 |
43.6 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.3 |
0.3 |
0.2 |
0.1 |
0.4 |
|
Inc Tax Ex Impact of Sp Items |
-2.8 |
0.9 |
2.2 |
0.5 |
13.0 |
|
Normalized Income After Tax |
-5.7 |
1.9 |
5.6 |
0.6 |
30.5 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-5.4 |
2.0 |
6.3 |
0.7 |
30.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-0.58 |
0.22 |
0.69 |
0.07 |
3.33 |
|
Diluted Normalized EPS |
-0.58 |
0.22 |
0.69 |
0.07 |
3.33 |
|
Amort of Intangibles, Supplemental |
0.7 |
0.6 |
0.7 |
0.1 |
0.7 |
|
Rental Expenses |
29.9 |
33.1 |
39.9 |
6.4 |
32.3 |
|
Advertising Expense, Supplemental |
2.6 |
2.0 |
2.3 |
0.3 |
2.8 |
|
Normalized EBIT |
-5.6 |
4.4 |
10.0 |
1.7 |
43.5 |
|
Normalized EBITDA |
13.5 |
24.7 |
29.0 |
4.2 |
55.6 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
28-Feb-2011 |
28-Feb-2010 |
28-Feb-2009 |
29-Feb-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
EUR |
EUR |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.724008 |
0.732762 |
0.787371 |
0.658718 |
0.683971 |
|
Auditor |
Deloitte SL |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
22.8 |
25.8 |
13.3 |
12.5 |
11.8 |
|
Short Term Investments |
7.5 |
0.2 |
6.4 |
0.2 |
0.2 |
|
Cash and Short Term Investments |
30.3 |
26.0 |
19.7 |
12.7 |
12.0 |
|
Accounts Receivable -
Trade, Gross |
27.6 |
31.4 |
28.8 |
38.7 |
32.0 |
|
Provision for Doubtful
Accounts |
-5.5 |
-5.2 |
-3.7 |
-2.4 |
-2.3 |
|
Trade Accounts Receivable - Net |
22.1 |
26.2 |
25.1 |
36.3 |
29.6 |
|
Other Receivables |
0.8 |
0.9 |
0.8 |
0.7 |
1.3 |
|
Total Receivables, Net |
23.0 |
27.1 |
26.0 |
37.0 |
30.9 |
|
Inventories - Finished Goods |
- |
29.2 |
24.9 |
22.5 |
32.1 |
|
Inventories - Work In Progress |
- |
4.1 |
3.4 |
5.5 |
4.5 |
|
Inventories - Raw Materials |
2.6 |
1.2 |
0.8 |
0.7 |
0.7 |
|
Inventories - Other |
51.8 |
20.0 |
20.5 |
43.7 |
43.5 |
|
Total Inventory |
54.4 |
54.6 |
49.5 |
72.4 |
80.8 |
|
Other Current Assets |
0.8 |
0.7 |
0.7 |
1.1 |
0.8 |
|
Other Current Assets, Total |
0.8 |
0.7 |
0.7 |
1.1 |
0.8 |
|
Total Current Assets |
108.4 |
108.4 |
95.9 |
123.1 |
124.6 |
|
|
|
|
|
|
|
|
Land/Improvements |
34.6 |
34.1 |
31.7 |
29.8 |
27.0 |
|
Machinery/Equipment |
184.3 |
175.5 |
160.7 |
149.2 |
138.0 |
|
Construction in
Progress |
0.5 |
2.5 |
2.0 |
28.5 |
26.4 |
|
Other
Property/Plant/Equipment |
3.2 |
3.1 |
2.5 |
3.1 |
1.2 |
|
Property/Plant/Equipment - Gross |
222.5 |
215.2 |
196.9 |
210.5 |
192.6 |
|
Accumulated Depreciation |
-108.7 |
-94.1 |
-74.8 |
-74.5 |
-70.0 |
|
Property/Plant/Equipment - Net |
113.8 |
121.1 |
122.1 |
136.0 |
122.6 |
|
Intangibles - Gross |
14.4 |
13.7 |
12.2 |
- |
13.6 |
|
Accumulated Intangible Amortization |
-10.5 |
-10.6 |
-9.6 |
- |
-10.7 |
|
Intangibles, Net |
3.8 |
3.1 |
2.6 |
2.9 |
2.9 |
|
LT Investment - Affiliate Companies |
0.1 |
0.0 |
- |
- |
- |
|
LT Investments - Other |
12.1 |
12.6 |
13.2 |
9.9 |
9.5 |
|
Long Term Investments |
12.3 |
12.6 |
13.2 |
9.9 |
9.5 |
|
Deferred Income Tax - Long Term Asset |
6.6 |
3.3 |
1.0 |
0.7 |
0.7 |
|
Other Long Term Assets |
0.6 |
0.7 |
0.6 |
0.7 |
0.7 |
|
Other Long Term Assets, Total |
7.3 |
4.0 |
1.6 |
1.5 |
1.4 |
|
Total Assets |
245.5 |
249.3 |
235.3 |
273.4 |
261.0 |
|
|
|
|
|
|
|
|
Accounts Payable |
20.4 |
21.9 |
23.3 |
36.3 |
33.9 |
|
Notes Payable/Short Term Debt |
6.8 |
0.2 |
0.2 |
0.0 |
0.0 |
|
Current Portion - Long Term Debt/Capital Leases |
3.4 |
3.3 |
2.1 |
0.3 |
13.9 |
|
Income Taxes Payable |
4.5 |
6.9 |
6.7 |
10.3 |
10.6 |
|
Other Current Liabilities |
0.4 |
0.5 |
0.1 |
15.2 |
- |
|
Other Current liabilities, Total |
4.9 |
7.4 |
6.8 |
25.5 |
10.6 |
|
Total Current Liabilities |
35.6 |
32.9 |
32.4 |
62.0 |
58.3 |
|
|
|
|
|
|
|
|
Long Term Debt |
24.9 |
28.0 |
28.0 |
4.7 |
4.9 |
|
Total Long Term Debt |
24.9 |
28.0 |
28.0 |
4.7 |
4.9 |
|
Total Debt |
35.1 |
31.5 |
30.3 |
5.0 |
18.7 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
1.1 |
0.8 |
0.2 |
0.2 |
0.2 |
|
Deferred Income Tax |
1.1 |
0.8 |
0.2 |
0.2 |
0.2 |
|
Minority Interest |
2.0 |
2.0 |
2.0 |
1.0 |
1.0 |
|
Reserves |
0.3 |
0.3 |
0.3 |
0.4 |
0.3 |
|
Other Long Term Liabilities |
2.9 |
3.1 |
3.1 |
2.9 |
2.8 |
|
Other Liabilities, Total |
3.3 |
3.4 |
3.4 |
3.3 |
3.2 |
|
Total Liabilities |
66.8 |
67.2 |
65.9 |
71.3 |
67.6 |
|
|
|
|
|
|
|
|
Common Stock |
7.6 |
7.5 |
7.0 |
8.3 |
8.0 |
|
Common Stock |
7.6 |
7.5 |
7.0 |
8.3 |
8.0 |
|
Retained Earnings (Accumulated Deficit) |
170.5 |
175.3 |
163.7 |
197.7 |
189.6 |
|
Translation Adjustment |
0.6 |
-0.7 |
-1.3 |
-3.9 |
-4.2 |
|
Other Equity, Total |
0.6 |
-0.7 |
-1.3 |
-3.9 |
-4.2 |
|
Total Equity |
178.7 |
182.1 |
169.4 |
202.1 |
193.5 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
245.5 |
249.3 |
235.3 |
273.4 |
261.0 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
9.1 |
9.1 |
9.1 |
9.1 |
9.1 |
|
Total Common Shares Outstanding |
9.1 |
9.1 |
9.1 |
9.1 |
9.1 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees |
2,515 |
2,461 |
2,538 |
2,389 |
2,011 |
|
Accumulated Intangible Amort, Suppl. |
10.5 |
10.6 |
9.6 |
11.3 |
10.7 |
|
Deferred Revenue - Long Term |
1.0 |
1.4 |
1.3 |
0.7 |
0.7 |
|
Total Long Term Debt, Supplemental |
28.3 |
31.3 |
30.1 |
5.0 |
18.7 |
|
Long Term Debt Maturing within 1 Year |
3.4 |
3.3 |
2.1 |
0.3 |
13.9 |
|
Long Term Debt Maturing in Year 2 |
3.5 |
3.4 |
2.8 |
0.6 |
0.6 |
|
Long Term Debt Maturing in Year 3 |
3.5 |
3.4 |
2.9 |
0.5 |
0.6 |
|
Long Term Debt Maturing in Year 4 |
3.6 |
3.5 |
3.0 |
0.4 |
0.5 |
|
Long Term Debt Maturing in Year 5 |
5.3 |
3.6 |
3.1 |
0.5 |
0.5 |
|
Long Term Debt Maturing in Year 6 |
3.1 |
- |
3.2 |
0.5 |
0.5 |
|
Long Term Debt Maturing in Year 7 |
- |
- |
- |
0.5 |
- |
|
Long Term Debt Maturing in 2-3 Years |
7.0 |
6.8 |
5.6 |
1.1 |
1.2 |
|
Long Term Debt Maturing in 4-5 Years |
9.0 |
7.1 |
6.1 |
0.9 |
1.0 |
|
Long Term Debt Matur. in Year 6 & Beyond |
9.0 |
14.1 |
16.3 |
2.7 |
2.7 |
|
Total Operating Leases, Supplemental |
87.3 |
206.8 |
221.2 |
324.5 |
- |
|
Operating Lease Payments Due in Year 1 |
26.0 |
26.7 |
27.8 |
34.4 |
- |
|
Operating Lease Payments Due in Year 2 |
8.7 |
17.4 |
19.6 |
27.2 |
- |
|
Operating Lease Payments Due in Year 3 |
8.7 |
17.4 |
19.6 |
27.2 |
- |
|
Operating Lease Payments Due in Year 4 |
8.7 |
17.4 |
19.6 |
27.2 |
- |
|
Operating Lease Payments Due in Year 5 |
8.7 |
17.4 |
19.6 |
27.2 |
- |
|
Operating Lease Pymts. Due in 2-3 Years |
17.4 |
34.8 |
39.1 |
54.4 |
- |
|
Operating Lease Pymts. Due in 4-5 Years |
17.4 |
34.8 |
39.1 |
54.4 |
- |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
26.6 |
110.4 |
115.2 |
181.3 |
- |
Annual Cash Flows
Financials in: USD (mil)
|
|
28-Feb-2011 |
28-Feb-2010 |
28-Feb-2009 |
29-Feb-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
2 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
EUR |
EUR |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.759157 |
0.711244 |
0.697482 |
0.716258 |
0.730637 |
|
Auditor |
Deloitte SL |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
-9.5 |
1.8 |
7.2 |
0.9 |
42.3 |
|
Depreciation |
19.2 |
20.3 |
19.0 |
2.4 |
11.4 |
|
Depreciation/Depletion |
19.2 |
20.3 |
19.0 |
2.4 |
11.4 |
|
Amortization of Intangibles |
- |
- |
- |
0.1 |
0.7 |
|
Amortization |
- |
- |
- |
0.1 |
0.7 |
|
Unusual Items |
1.2 |
3.8 |
2.2 |
0.2 |
-0.6 |
|
Other Non-Cash Items |
2.7 |
1.3 |
-0.2 |
0.2 |
0.2 |
|
Non-Cash Items |
3.9 |
5.1 |
2.0 |
0.4 |
-0.4 |
|
Other Assets & Liabilities, Net |
-5.4 |
1.5 |
5.6 |
6.6 |
-11.7 |
|
Other Operating Cash Flow |
-1.4 |
-0.3 |
-3.4 |
0.0 |
-15.1 |
|
Changes in Working Capital |
-6.7 |
1.1 |
2.2 |
6.6 |
-26.8 |
|
Cash from Operating Activities |
6.9 |
28.3 |
30.4 |
10.4 |
27.2 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-12.4 |
-14.0 |
-36.4 |
-11.1 |
-47.2 |
|
Purchase/Acquisition of Intangibles |
- |
- |
- |
0.0 |
-1.0 |
|
Capital Expenditures |
-12.4 |
-14.0 |
-36.4 |
-11.1 |
-48.1 |
|
Sale of Fixed Assets |
0.7 |
0.9 |
1.0 |
0.1 |
2.2 |
|
Sale/Maturity of Investment |
0.6 |
0.9 |
0.0 |
0.2 |
0.9 |
|
Purchase of Investments |
-0.5 |
-0.2 |
-0.2 |
-0.2 |
-2.5 |
|
Other Investing Cash Flow |
0.5 |
0.3 |
0.2 |
0.0 |
0.8 |
|
Other Investing Cash Flow Items, Total |
1.3 |
1.8 |
1.0 |
0.2 |
1.4 |
|
Cash from Investing Activities |
-11.1 |
-12.3 |
-35.5 |
-10.9 |
-46.8 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-1.4 |
-1.3 |
-0.5 |
-0.4 |
-10.5 |
|
Financing Cash Flow Items |
-1.4 |
-1.3 |
-0.5 |
-0.4 |
-10.5 |
|
Cash Dividends Paid - Common |
-0.8 |
-1.9 |
-7.9 |
- |
- |
|
Total Cash Dividends Paid |
-0.8 |
-1.9 |
-7.9 |
- |
- |
|
Long Term Debt Issued |
6.8 |
0.0 |
30.1 |
0.7 |
15.8 |
|
Long Term Debt
Reduction |
-3.7 |
-0.9 |
-15.1 |
- |
0.0 |
|
Long Term Debt, Net |
3.2 |
-0.9 |
15.0 |
0.7 |
15.8 |
|
Issuance (Retirement) of Debt, Net |
3.2 |
-0.9 |
15.0 |
0.7 |
15.8 |
|
Cash from Financing Activities |
0.9 |
-4.1 |
6.6 |
0.3 |
5.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.1 |
-0.1 |
1.6 |
0.4 |
-2.2 |
|
Net Change in Cash |
-3.2 |
11.9 |
3.2 |
0.2 |
-16.6 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
24.9 |
14.7 |
11.8 |
11.3 |
27.6 |
|
Net Cash - Ending Balance |
21.7 |
26.6 |
15.0 |
11.5 |
11.1 |
|
Cash Interest Paid |
1.4 |
1.6 |
1.7 |
0.4 |
- |
|
Cash Taxes Paid |
2.0 |
1.6 |
4.9 |
0.2 |
14.6 |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
28-Feb-2011 |
28-Feb-2010 |
28-Feb-2009 |
29-Feb-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
2 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Updated Normal |
|
Filed Currency |
EUR |
EUR |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.759157 |
0.711244 |
0.697482 |
0.716258 |
0.730637 |
|
Auditor |
Deloitte SL |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Sales |
215.3 |
245.1 |
269.4 |
58.0 |
261.3 |
|
Other Revenues |
4.6 |
4.4 |
4.8 |
0.5 |
9.0 |
|
Total Revenue |
219.9 |
249.5 |
274.2 |
58.5 |
270.4 |
|
|
|
|
|
|
|
|
Cost of Sales |
74.0 |
79.8 |
85.3 |
26.3 |
81.9 |
|
Personnel |
71.1 |
74.7 |
75.4 |
14.1 |
61.8 |
|
Depreciation |
19.2 |
20.3 |
19.0 |
2.5 |
12.1 |
|
Writedown of Assets |
1.2 |
3.8 |
0.9 |
0.2 |
1.3 |
|
Provisions |
-0.1 |
-0.1 |
-0.2 |
- |
- |
|
Other Op. Expenses |
61.3 |
70.4 |
84.7 |
13.9 |
34.6 |
|
Rental Expenses |
- |
- |
- |
- |
32.3 |
|
Advertising Expense |
- |
- |
- |
- |
2.8 |
|
Taxes |
- |
- |
- |
- |
1.3 |
|
Extraordinary Income |
- |
-2.4 |
- |
- |
- |
|
Deferred Income |
-0.4 |
-0.4 |
-0.4 |
- |
- |
|
Total Operating Expense |
226.4 |
246.1 |
264.8 |
57.0 |
228.2 |
|
|
|
|
|
|
|
|
Income/Assets |
- |
- |
- |
- |
0.6 |
|
Interest Income |
- |
- |
- |
- |
0.2 |
|
Financial Income |
0.5 |
0.3 |
0.2 |
0.0 |
- |
|
Financial Expense |
-0.5 |
-0.5 |
-0.3 |
-0.1 |
-0.5 |
|
Interest Expense |
-0.9 |
-1.3 |
-1.6 |
-0.2 |
-0.2 |
|
Exchange Difference, Net |
-1.2 |
-0.1 |
-0.5 |
-0.2 |
-0.1 |
|
Sale of Investments |
-0.9 |
0.0 |
- |
- |
- |
|
Net Income Before Taxes |
-9.5 |
1.8 |
7.2 |
0.9 |
42.3 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
-3.2 |
0.6 |
2.0 |
0.4 |
12.6 |
|
Net Income After Taxes |
-6.3 |
1.2 |
5.2 |
0.5 |
29.6 |
|
|
|
|
|
|
|
|
Min. Interest |
0.4 |
0.1 |
0.7 |
0.0 |
-0.1 |
|
Net Income Before Extra. Items |
-5.9 |
1.4 |
5.9 |
0.6 |
29.5 |
|
Net Income |
-5.9 |
1.4 |
5.9 |
0.6 |
29.5 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
-5.9 |
1.4 |
5.9 |
0.6 |
29.5 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
-5.9 |
1.4 |
5.9 |
0.6 |
29.5 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
9.1 |
9.1 |
9.1 |
9.1 |
9.1 |
|
Basic EPS Excluding ExtraOrdinary Items |
-0.65 |
0.15 |
0.64 |
0.06 |
3.23 |
|
Basic EPS Including ExtraOrdinary Item |
-0.65 |
0.15 |
0.64 |
0.06 |
3.23 |
|
Dilution Adjustment |
0.0 |
- |
- |
- |
- |
|
Diluted Net Income |
-5.9 |
1.4 |
5.9 |
0.6 |
29.5 |
|
Diluted Weighted Average Shares |
9.1 |
9.1 |
9.1 |
9.1 |
9.1 |
|
Diluted EPS Excluding ExtraOrd Items |
-0.65 |
0.15 |
0.64 |
0.06 |
3.23 |
|
Diluted EPS Including ExtraOrd Items |
-0.65 |
0.15 |
0.64 |
0.06 |
3.23 |
|
DPS-Ordinary Shares |
- |
0.08 |
0.18 |
0.00 |
0.67 |
|
Gross Dividends - Common Stock |
- |
0.9 |
2.0 |
0.0 |
7.5 |
|
Normalized Income Before Taxes |
-8.6 |
2.8 |
7.8 |
1.2 |
43.6 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
-2.8 |
0.9 |
2.2 |
0.5 |
13.0 |
|
Normalized Income After Taxes |
-5.7 |
1.9 |
5.6 |
0.6 |
30.5 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-5.4 |
2.0 |
6.3 |
0.7 |
30.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-0.58 |
0.22 |
0.69 |
0.07 |
3.33 |
|
Diluted Normalized EPS |
-0.58 |
0.22 |
0.69 |
0.07 |
3.33 |
|
Rental Expense |
29.9 |
33.1 |
39.9 |
6.4 |
32.3 |
|
Advertising Expense |
2.6 |
2.0 |
2.3 |
0.3 |
2.8 |
|
Interest Expense |
0.9 |
1.3 |
1.6 |
0.2 |
0.2 |
|
Depreciation |
18.5 |
19.7 |
18.3 |
2.4 |
11.4 |
|
Amortization of Intangibles |
0.7 |
0.6 |
0.7 |
0.1 |
0.7 |
Annual Balance
Sheet
Financials in: USD (mil)
|
|
28-Feb-2011 |
28-Feb-2010 |
28-Feb-2009 |
29-Feb-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
EUR |
EUR |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.724008 |
0.732762 |
0.787371 |
0.658718 |
0.683971 |
|
Auditor |
Deloitte SL |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Raw Materials |
2.6 |
1.2 |
0.8 |
0.7 |
0.7 |
|
Work in Progress |
- |
4.1 |
3.4 |
5.5 |
4.5 |
|
Stocks/Shops |
27.9 |
16.4 |
16.8 |
38.0 |
34.9 |
|
Products/Storage |
23.6 |
- |
- |
- |
- |
|
Finished Goods |
- |
29.2 |
24.9 |
22.5 |
32.1 |
|
Merchandise |
- |
3.3 |
3.6 |
5.6 |
9.1 |
|
Advances |
0.2 |
0.3 |
0.0 |
0.1 |
0.6 |
|
Provisions |
- |
- |
- |
- |
-1.1 |
|
Accounts Rcvbls. |
27.6 |
31.4 |
28.8 |
38.7 |
32.0 |
|
Provisions |
-5.5 |
-5.2 |
-3.7 |
-2.4 |
-2.3 |
|
ST Investments |
7.5 |
0.2 |
6.4 |
0.2 |
0.2 |
|
Public Administration |
0.8 |
0.9 |
0.8 |
0.7 |
1.3 |
|
Other Current Assets |
0.8 |
0.7 |
0.7 |
1.1 |
0.8 |
|
Cash and Equivalents |
22.8 |
25.8 |
13.3 |
12.5 |
11.8 |
|
Total Current Assets |
108.4 |
108.4 |
95.9 |
123.1 |
124.6 |
|
|
|
|
|
|
|
|
Intangibles, Gross |
14.4 |
13.7 |
12.2 |
- |
- |
|
Rights |
- |
- |
- |
- |
0.0 |
|
Patents/Licenses |
- |
- |
- |
- |
1.4 |
|
Copyrights |
- |
- |
- |
- |
10.2 |
|
Software |
- |
- |
- |
- |
1.9 |
|
Amortisation of Intangibles |
-10.5 |
-10.6 |
-9.6 |
- |
-10.7 |
|
Intangibles, Net |
- |
- |
- |
2.9 |
- |
|
Land/Buildings |
34.6 |
34.1 |
31.7 |
29.8 |
27.0 |
|
Machinery |
155.6 |
148.3 |
136.3 |
128.7 |
119.8 |
|
Furniture/Other |
28.7 |
27.2 |
24.4 |
20.5 |
18.2 |
|
Other Property |
4.7 |
4.6 |
4.1 |
4.4 |
4.2 |
|
Work in Progress |
0.5 |
2.5 |
2.0 |
28.5 |
26.4 |
|
Depreciation |
-108.7 |
-94.1 |
-74.8 |
-74.5 |
-70.0 |
|
Impairment |
-1.6 |
-1.4 |
-1.5 |
-1.3 |
-3.0 |
|
Real Estate Investment |
3.6 |
4.2 |
4.7 |
- |
- |
|
LT Investment |
8.5 |
8.4 |
8.5 |
9.9 |
9.5 |
|
Deferred Tax |
6.6 |
3.3 |
1.0 |
0.7 |
0.7 |
|
Other Assets |
0.6 |
0.7 |
0.6 |
0.7 |
0.7 |
|
Participations |
0.1 |
0.0 |
- |
- |
- |
|
Total Assets |
245.5 |
249.3 |
235.3 |
273.4 |
261.0 |
|
|
|
|
|
|
|
|
Debts/Banks |
3.4 |
3.3 |
2.1 |
0.3 |
13.9 |
|
ST Debt |
6.8 |
0.2 |
0.2 |
- |
- |
|
Other Financial Liabilities |
0.4 |
0.5 |
0.1 |
15.2 |
- |
|
Accounts Payable |
20.4 |
21.9 |
23.3 |
36.3 |
33.9 |
|
Tax on Current Earnings |
4.5 |
6.9 |
6.7 |
10.3 |
10.6 |
|
Total Current Liabilities |
35.6 |
32.9 |
32.4 |
62.0 |
58.3 |
|
|
|
|
|
|
|
|
LT Debt/Banks |
24.9 |
28.0 |
28.0 |
4.7 |
4.9 |
|
Total Long Term Debt |
24.9 |
28.0 |
28.0 |
4.7 |
4.9 |
|
|
|
|
|
|
|
|
Other Financial Liabilities |
1.9 |
1.7 |
1.8 |
2.2 |
2.2 |
|
Provisions |
0.3 |
0.3 |
0.3 |
0.4 |
0.3 |
|
Deferred Income |
1.0 |
1.4 |
1.3 |
0.7 |
0.7 |
|
Deferred Tax |
1.1 |
0.8 |
0.2 |
0.2 |
0.2 |
|
Min. Interest |
2.0 |
2.0 |
2.0 |
1.0 |
1.0 |
|
Total Liabilities |
66.8 |
67.2 |
65.9 |
71.3 |
67.6 |
|
|
|
|
|
|
|
|
Share Capital |
7.6 |
7.5 |
7.0 |
8.3 |
8.0 |
|
Retained Earnings |
210.4 |
208.4 |
186.4 |
229.5 |
183.2 |
|
Reserves/Group |
-33.7 |
-34.4 |
-27.9 |
-32.4 |
-25.1 |
|
Exchange Difference |
0.6 |
-0.7 |
-1.3 |
-3.9 |
-4.2 |
|
Profit & Loss |
-6.2 |
1.3 |
5.2 |
0.6 |
31.6 |
|
Total Equity |
178.7 |
182.1 |
169.4 |
202.1 |
193.5 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
245.5 |
249.3 |
235.3 |
273.4 |
261.0 |
|
|
|
|
|
|
|
|
S/O-Ordinary Shares |
9.1 |
9.1 |
9.1 |
9.1 |
9.1 |
|
Total Common Shares Outstanding |
9.1 |
9.1 |
9.1 |
9.1 |
9.1 |
|
T/S-Ordinary Shares |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Income-LT |
1.0 |
1.4 |
1.3 |
0.7 |
0.7 |
|
Accumulated Intangible Amortization |
10.5 |
10.6 |
9.6 |
11.3 |
10.7 |
|
Full-Time Employees |
2,515 |
2,461 |
2,538 |
2,389 |
2,011 |
|
LT Debt Maturing within 1 Year |
3.4 |
3.3 |
2.1 |
0.3 |
13.9 |
|
LT Debt Maturing in 2 Years |
3.5 |
3.4 |
2.8 |
0.6 |
0.6 |
|
LT Debt Maturing in 3 Years |
3.5 |
3.4 |
2.9 |
0.5 |
0.6 |
|
LT Debt Maturing in 4 Years |
3.6 |
3.5 |
3.0 |
0.4 |
0.5 |
|
LT Debt Maturing in 5 Years |
5.3 |
3.6 |
3.1 |
0.5 |
0.5 |
|
LT Debt Maturing in 6 Years |
3.1 |
- |
3.2 |
0.5 |
0.5 |
|
LT Debt Maturing in 7 Years |
- |
- |
- |
0.5 |
- |
|
LT Debt - Remaining Maturities |
5.8 |
14.1 |
13.1 |
1.7 |
2.2 |
|
Total Long Term Debt, Supplemental |
28.3 |
31.3 |
30.1 |
5.0 |
18.7 |
|
Operating Lease Pymts. Due within 1 Year |
26.0 |
26.7 |
27.8 |
34.4 |
- |
|
Operating Lease Pymts. Due in Year 5 |
34.8 |
69.6 |
78.2 |
108.8 |
- |
|
Operating Lease - Remaining Pymts. |
26.6 |
110.4 |
115.2 |
181.3 |
- |
|
Total Operating Leases |
87.3 |
206.8 |
221.2 |
324.5 |
- |
Annual Cash Flows
Financials in: USD (mil)
|
|
28-Feb-2011 |
28-Feb-2010 |
28-Feb-2009 |
29-Feb-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
2 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
EUR |
EUR |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.759157 |
0.711244 |
0.697482 |
0.716258 |
0.730637 |
|
Auditor |
Deloitte SL |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
-9.5 |
1.8 |
7.2 |
0.9 |
42.3 |
|
Depreciation |
19.2 |
20.3 |
19.0 |
2.4 |
11.4 |
|
Amortization of Intangibles |
- |
- |
- |
0.1 |
0.7 |
|
Writedown of Assets |
0.2 |
0.8 |
1.8 |
0.0 |
1.3 |
|
Provisions Received |
0.6 |
1.3 |
-0.1 |
0.1 |
-0.1 |
|
Investments Impairment |
0.9 |
- |
- |
- |
- |
|
Sale of Assets |
1.0 |
3.0 |
0.3 |
0.2 |
-1.9 |
|
Financial Income |
-0.5 |
-0.3 |
-0.2 |
0.0 |
-0.8 |
|
Financial Expenses |
1.4 |
1.7 |
1.9 |
0.3 |
0.6 |
|
Exchange Differences, Net |
1.2 |
0.0 |
-0.1 |
0.1 |
0.2 |
|
Capital Grants |
-0.4 |
-0.4 |
-0.4 |
0.0 |
-0.2 |
|
Other Op.Activities |
0.2 |
0.2 |
0.1 |
- |
- |
|
Assets and Liabilities |
-5.4 |
1.5 |
5.6 |
6.6 |
-11.7 |
|
Tax Paid |
-2.0 |
-1.6 |
-4.9 |
-0.2 |
-14.6 |
|
Exchange Differences Paid |
- |
- |
0.0 |
0.0 |
-0.2 |
|
Cash from Operating Activities |
6.9 |
28.3 |
30.4 |
10.4 |
27.2 |
|
|
|
|
|
|
|
|
Financial Income/Interest Received |
0.5 |
0.3 |
0.2 |
0.0 |
0.8 |
|
Purchase of Intangibles |
- |
- |
- |
0.0 |
-1.0 |
|
Purchase of Tangibles |
-12.4 |
-14.0 |
-36.4 |
-11.1 |
-47.2 |
|
Purchase of Financial Assets |
-0.4 |
-0.2 |
-0.2 |
-0.2 |
-2.5 |
|
Group Companies Investments |
-0.1 |
- |
- |
- |
- |
|
Other Assets |
- |
- |
- |
- |
0.0 |
|
Sale of Tangibles |
0.7 |
0.9 |
1.0 |
0.0 |
2.0 |
|
Sale of Financial Assets |
0.6 |
0.9 |
0.0 |
0.2 |
0.9 |
|
Sale of Other Assets |
- |
- |
- |
0.0 |
0.2 |
|
Cash from Investing Activities |
-11.1 |
-12.3 |
-35.5 |
-10.9 |
-46.8 |
|
|
|
|
|
|
|
|
Bank Debt |
6.8 |
0.0 |
30.1 |
0.7 |
15.8 |
|
Financial Expenses & Dividends Paid |
- |
- |
- |
- |
-10.5 |
|
Dividends Paid |
-0.8 |
-1.9 |
-7.9 |
- |
- |
|
Amortization of Bank Debt |
-3.7 |
-0.9 |
-15.1 |
- |
0.0 |
|
Amortization of Other Liabilities |
- |
- |
- |
0.0 |
-0.1 |
|
Grants Received |
- |
- |
- |
0.0 |
0.1 |
|
Interest Paid |
-1.4 |
-1.6 |
-1.7 |
-0.4 |
- |
|
Other Financing Cash Flow |
0.0 |
0.4 |
1.2 |
- |
- |
|
Cash from Financing Activities |
0.9 |
-4.1 |
6.6 |
0.3 |
5.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.1 |
-0.1 |
1.6 |
0.4 |
-2.2 |
|
Net Change in Cash |
-3.2 |
11.9 |
3.2 |
0.2 |
-16.6 |
|
|
|
|
|
|
|
|
Net Cash-Beginning Balance |
24.9 |
14.7 |
11.8 |
11.3 |
27.6 |
|
Net Cash-Ending Balance |
21.7 |
26.6 |
15.0 |
11.5 |
11.1 |
|
Cash Interest Paid |
1.4 |
1.6 |
1.7 |
0.4 |
- |
|
Cash Taxes Paid |
2.0 |
1.6 |
4.9 |
0.2 |
14.6 |
Financial Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
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Annual Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
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Annual Income Statement
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
28-Feb-2011 |
28-Feb-2010 |
28-Feb-2009 |
29-Feb-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
2 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Updated Normal |
|
Filed Currency |
EUR |
EUR |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.759157 |
0.711244 |
0.697482 |
0.716258 |
0.730637 |
|
Auditor |
Deloitte SL |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
215.3 |
245.1 |
269.4 |
58.0 |
261.3 |
|
Revenue |
215.3 |
245.1 |
269.4 |
58.0 |
261.3 |
|
Other Revenue |
4.6 |
4.4 |
4.8 |
0.5 |
9.0 |
|
Other Revenue, Total |
4.6 |
4.4 |
4.8 |
0.5 |
9.0 |
|
Total Revenue |
219.9 |
249.5 |
274.2 |
58.5 |
270.4 |
|
|
|
|
|
|
|
|
Cost of Revenue |
74.0 |
79.8 |
85.3 |
26.3 |
81.9 |
|
Cost of Revenue, Total |
74.0 |
79.8 |
85.3 |
26.3 |
81.9 |
|
Gross Profit |
141.3 |
165.3 |
184.1 |
31.6 |
179.4 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
- |
- |
- |
- |
33.6 |
|
Labor & Related Expense |
71.1 |
74.7 |
75.4 |
14.1 |
61.8 |
|
Advertising Expense |
- |
- |
- |
- |
2.8 |
|
Total Selling/General/Administrative Expenses |
71.1 |
74.7 |
75.4 |
14.1 |
98.2 |
|
Depreciation |
19.2 |
20.3 |
19.0 |
2.5 |
12.1 |
|
Depreciation/Amortization |
19.2 |
20.3 |
19.0 |
2.5 |
12.1 |
|
Impairment-Assets Held for Use |
1.2 |
3.8 |
0.9 |
0.2 |
1.3 |
|
Other Unusual Expense (Income) |
-0.4 |
-2.8 |
-0.4 |
- |
- |
|
Unusual Expense (Income) |
0.9 |
1.0 |
0.6 |
0.2 |
1.3 |
|
Other Operating Expense |
61.3 |
70.4 |
84.7 |
13.9 |
34.6 |
|
Other, Net |
-0.1 |
-0.1 |
-0.2 |
- |
- |
|
Other Operating Expenses, Total |
61.2 |
70.3 |
84.5 |
13.9 |
34.6 |
|
Total Operating Expense |
226.4 |
246.1 |
264.8 |
57.0 |
228.2 |
|
|
|
|
|
|
|
|
Operating Income |
-6.5 |
3.4 |
9.4 |
1.5 |
42.2 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-0.9 |
-1.3 |
-1.6 |
-0.2 |
-0.2 |
|
Interest Expense, Net Non-Operating |
-0.9 |
-1.3 |
-1.6 |
-0.2 |
-0.2 |
|
Interest Income -
Non-Operating |
- |
- |
- |
- |
0.2 |
|
Investment Income -
Non-Operating |
-2.1 |
-0.1 |
-0.5 |
-0.2 |
0.5 |
|
Interest/Investment Income - Non-Operating |
-2.1 |
-0.1 |
-0.5 |
-0.2 |
0.7 |
|
Interest Income (Expense) - Net Non-Operating Total |
-3.0 |
-1.4 |
-2.1 |
-0.4 |
0.6 |
|
Other Non-Operating Income (Expense) |
0.0 |
-0.2 |
-0.1 |
-0.1 |
-0.5 |
|
Other, Net |
0.0 |
-0.2 |
-0.1 |
-0.1 |
-0.5 |
|
Income Before Tax |
-9.5 |
1.8 |
7.2 |
0.9 |
42.3 |
|
|
|
|
|
|
|
|
Total Income Tax |
-3.2 |
0.6 |
2.0 |
0.4 |
12.6 |
|
Income After Tax |
-6.3 |
1.2 |
5.2 |
0.5 |
29.6 |
|
|
|
|
|
|
|
|
Minority Interest |
0.4 |
0.1 |
0.7 |
0.0 |
-0.1 |
|
Net Income Before Extraord Items |
-5.9 |
1.4 |
5.9 |
0.6 |
29.5 |
|
Net Income |
-5.9 |
1.4 |
5.9 |
0.6 |
29.5 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
-5.9 |
1.4 |
5.9 |
0.6 |
29.5 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
-5.9 |
1.4 |
5.9 |
0.6 |
29.5 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
9.1 |
9.1 |
9.1 |
9.1 |
9.1 |
|
Basic EPS Excl Extraord Items |
-0.65 |
0.15 |
0.64 |
0.06 |
3.23 |
|
Basic/Primary EPS Incl Extraord Items |
-0.65 |
0.15 |
0.64 |
0.06 |
3.23 |
|
Dilution Adjustment |
0.0 |
- |
- |
- |
- |
|
Diluted Net Income |
-5.9 |
1.4 |
5.9 |
0.6 |
29.5 |
|
Diluted Weighted Average Shares |
9.1 |
9.1 |
9.1 |
9.1 |
9.1 |
|
Diluted EPS Excl Extraord Items |
-0.65 |
0.15 |
0.64 |
0.06 |
3.23 |
|
Diluted EPS Incl Extraord Items |
-0.65 |
0.15 |
0.64 |
0.06 |
3.23 |
|
Dividends per Share - Common Stock Primary Issue |
- |
0.08 |
0.18 |
0.00 |
0.67 |
|
Gross Dividends - Common Stock |
- |
0.9 |
2.0 |
0.0 |
7.5 |
|
Interest Expense, Supplemental |
0.9 |
1.3 |
1.6 |
0.2 |
0.2 |
|
Depreciation, Supplemental |
18.5 |
19.7 |
18.3 |
2.4 |
11.4 |
|
Total Special Items |
0.9 |
1.0 |
0.6 |
0.2 |
1.3 |
|
Normalized Income Before Tax |
-8.6 |
2.8 |
7.8 |
1.2 |
43.6 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.3 |
0.3 |
0.2 |
0.1 |
0.4 |
|
Inc Tax Ex Impact of Sp Items |
-2.8 |
0.9 |
2.2 |
0.5 |
13.0 |
|
Normalized Income After Tax |
-5.7 |
1.9 |
5.6 |
0.6 |
30.5 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-5.4 |
2.0 |
6.3 |
0.7 |
30.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-0.58 |
0.22 |
0.69 |
0.07 |
3.33 |
|
Diluted Normalized EPS |
-0.58 |
0.22 |
0.69 |
0.07 |
3.33 |
|
Amort of Intangibles, Supplemental |
0.7 |
0.6 |
0.7 |
0.1 |
0.7 |
|
Rental Expenses |
29.9 |
33.1 |
39.9 |
6.4 |
32.3 |
|
Advertising Expense, Supplemental |
2.6 |
2.0 |
2.3 |
0.3 |
2.8 |
|
Normalized EBIT |
-5.6 |
4.4 |
10.0 |
1.7 |
43.5 |
|
Normalized EBITDA |
13.5 |
24.7 |
29.0 |
4.2 |
55.6 |
Interim Income Statement
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Aug-2011 |
31-May-2011 |
28-Feb-2011 |
30-Nov-2010 |
31-Aug-2010 |
|
Period Length |
6 Months |
3 Months |
6 Months |
3 Months |
6 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
EUR |
EUR |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.699716 |
0.701333 |
0.743569 |
0.740014 |
0.775345 |
|
|
|
|
|
|
|
|
Net Sales |
103.1 |
44.0 |
114.2 |
44.5 |
101.3 |
|
Revenue |
103.1 |
44.0 |
114.2 |
44.5 |
101.3 |
|
Other Revenue |
1.9 |
0.6 |
2.8 |
1.7 |
1.8 |
|
Other Revenue, Total |
1.9 |
0.6 |
2.8 |
1.7 |
1.8 |
|
Total Revenue |
105.0 |
44.6 |
116.9 |
46.2 |
103.2 |
|
|
|
|
|
|
|
|
Cost of Revenue |
40.2 |
10.6 |
38.6 |
9.0 |
35.4 |
|
Cost of Revenue, Total |
40.2 |
10.6 |
38.6 |
9.0 |
35.4 |
|
Gross Profit |
62.8 |
33.4 |
75.5 |
35.5 |
65.9 |
|
|
|
|
|
|
|
|
Labor & Related Expense |
38.2 |
18.9 |
37.1 |
17.7 |
34.0 |
|
Total Selling/General/Administrative Expenses |
38.2 |
18.9 |
37.1 |
17.7 |
34.0 |
|
Depreciation |
10.7 |
5.2 |
9.9 |
4.9 |
9.3 |
|
Depreciation/Amortization |
10.7 |
5.2 |
9.9 |
4.9 |
9.3 |
|
Impairment-Assets Held for Use |
0.2 |
0.1 |
0.9 |
0.5 |
0.4 |
|
Other Unusual Expense (Income) |
-0.2 |
- |
-0.2 |
- |
-0.2 |
|
Unusual Expense (Income) |
0.0 |
0.1 |
0.7 |
0.5 |
0.2 |
|
Other Operating Expense |
31.9 |
16.0 |
31.8 |
15.9 |
29.5 |
|
Other, Net |
0.0 |
- |
0.0 |
- |
-0.1 |
|
Other Operating Expenses, Total |
31.9 |
16.0 |
31.8 |
15.9 |
29.5 |
|
Total Operating Expense |
120.9 |
50.8 |
118.0 |
48.1 |
108.4 |
|
|
|
|
|
|
|
|
Operating Income |
-16.0 |
-6.2 |
-1.1 |
-1.8 |
-5.3 |
|
|
|
|
|
|
|
|
Investment Income -
Non-Operating |
-0.5 |
- |
-0.7 |
- |
-1.5 |
|
Interest/Investment Income - Non-Operating |
-0.5 |
- |
-0.7 |
- |
-1.5 |
|
Interest Income (Expense) - Net Non-Operating Total |
-0.5 |
- |
-0.7 |
- |
-1.5 |
|
Other Non-Operating Income (Expense) |
-0.5 |
-0.3 |
-0.5 |
-0.3 |
-0.4 |
|
Other, Net |
-0.5 |
-0.3 |
-0.5 |
-0.3 |
-0.4 |
|
Income Before Tax |
-16.9 |
-6.5 |
-2.2 |
-2.2 |
-7.1 |
|
|
|
|
|
|
|
|
Total Income Tax |
-4.2 |
-1.6 |
-1.6 |
-0.7 |
-1.5 |
|
Income After Tax |
-12.8 |
-4.9 |
-0.6 |
-1.5 |
-5.6 |
|
|
|
|
|
|
|
|
Minority Interest |
0.2 |
0.1 |
0.1 |
0.0 |
0.2 |
|
Net Income Before Extraord Items |
-12.6 |
-4.8 |
-0.5 |
-1.5 |
-5.3 |
|
Net Income |
-12.6 |
-4.8 |
-0.5 |
-1.5 |
-5.3 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
-12.6 |
-4.8 |
-0.5 |
-1.5 |
-5.3 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
-12.6 |
-4.8 |
-0.5 |
-1.5 |
-5.3 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
9.1 |
9.1 |
9.1 |
9.1 |
9.1 |
|
Basic EPS Excl Extraord Items |
-1.37 |
-0.53 |
-0.05 |
-0.16 |
-0.58 |
|
Basic/Primary EPS Incl Extraord Items |
-1.37 |
-0.53 |
-0.05 |
-0.16 |
-0.58 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
-12.6 |
-4.8 |
-0.5 |
-1.5 |
-5.3 |
|
Diluted Weighted Average Shares |
9.1 |
9.1 |
9.1 |
9.1 |
9.1 |
|
Diluted EPS Excl Extraord Items |
-1.37 |
-0.53 |
-0.05 |
-0.16 |
-0.58 |
|
Diluted EPS Incl Extraord Items |
-1.37 |
-0.53 |
-0.05 |
-0.16 |
-0.58 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Depreciation, Supplemental |
10.1 |
5.2 |
9.5 |
4.9 |
9.0 |
|
Total Special Items |
0.0 |
0.1 |
0.7 |
0.5 |
0.2 |
|
Normalized Income Before Tax |
-16.9 |
-6.4 |
-1.5 |
-1.7 |
-6.9 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.0 |
0.0 |
0.2 |
0.2 |
0.1 |
|
Inc Tax Ex Impact of Sp Items |
-4.2 |
-1.6 |
-1.4 |
-0.5 |
-1.5 |
|
Normalized Income After Tax |
-12.8 |
-4.8 |
-0.2 |
-1.2 |
-5.4 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-12.5 |
-4.8 |
0.0 |
-1.2 |
-5.2 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-1.37 |
-0.52 |
0.00 |
-0.13 |
-0.57 |
|
Diluted Normalized EPS |
-1.37 |
-0.52 |
0.00 |
-0.13 |
-0.57 |
|
Amort of Intangibles, Supplemental |
0.5 |
- |
0.4 |
- |
0.3 |
|
Normalized EBIT |
-15.9 |
-6.1 |
-0.4 |
-1.4 |
-5.1 |
|
Normalized EBITDA |
-5.3 |
-0.9 |
9.4 |
3.6 |
4.3 |
Annual Balance Sheet
Standardized
|
Financials in:
USD (mil) Except for share
items (millions) and per share items (actual units) |
|
|
28-Feb-2011 |
28-Feb-2010 |
28-Feb-2009 |
29-Feb-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
EUR |
EUR |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.724008 |
0.732762 |
0.787371 |
0.658718 |
0.683971 |
|
Auditor |
Deloitte SL |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
22.8 |
25.8 |
13.3 |
12.5 |
11.8 |
|
Short Term Investments |
7.5 |
0.2 |
6.4 |
0.2 |
0.2 |
|
Cash and Short Term Investments |
30.3 |
26.0 |
19.7 |
12.7 |
12.0 |
|
Accounts Receivable -
Trade, Gross |
27.6 |
31.4 |
28.8 |
38.7 |
32.0 |
|
Provision for Doubtful
Accounts |
-5.5 |
-5.2 |
-3.7 |
-2.4 |
-2.3 |
|
Trade Accounts Receivable - Net |
22.1 |
26.2 |
25.1 |
36.3 |
29.6 |
|
Other Receivables |
0.8 |
0.9 |
0.8 |
0.7 |
1.3 |
|
Total Receivables, Net |
23.0 |
27.1 |
26.0 |
37.0 |
30.9 |
|
Inventories - Finished Goods |
- |
29.2 |
24.9 |
22.5 |
32.1 |
|
Inventories - Work In Progress |
- |
4.1 |
3.4 |
5.5 |
4.5 |
|
Inventories - Raw Materials |
2.6 |
1.2 |
0.8 |
0.7 |
0.7 |
|
Inventories - Other |
51.8 |
20.0 |
20.5 |
43.7 |
43.5 |
|
Total Inventory |
54.4 |
54.6 |
49.5 |
72.4 |
80.8 |
|
Other Current Assets |
0.8 |
0.7 |
0.7 |
1.1 |
0.8 |
|
Other Current Assets, Total |
0.8 |
0.7 |
0.7 |
1.1 |
0.8 |
|
Total Current Assets |
108.4 |
108.4 |
95.9 |
123.1 |
124.6 |
|
|
|
|
|
|
|
|
Land/Improvements |
34.6 |
34.1 |
31.7 |
29.8 |
27.0 |
|
Machinery/Equipment |
184.3 |
175.5 |
160.7 |
149.2 |
138.0 |
|
Construction in
Progress |
0.5 |
2.5 |
2.0 |
28.5 |
26.4 |
|
Other
Property/Plant/Equipment |
3.2 |
3.1 |
2.5 |
3.1 |
1.2 |
|
Property/Plant/Equipment - Gross |
222.5 |
215.2 |
196.9 |
210.5 |
192.6 |
|
Accumulated Depreciation |
-108.7 |
-94.1 |
-74.8 |
-74.5 |
-70.0 |
|
Property/Plant/Equipment - Net |
113.8 |
121.1 |
122.1 |
136.0 |
122.6 |
|
Intangibles - Gross |
14.4 |
13.7 |
12.2 |
- |
13.6 |
|
Accumulated Intangible Amortization |
-10.5 |
-10.6 |
-9.6 |
- |
-10.7 |
|
Intangibles, Net |
3.8 |
3.1 |
2.6 |
2.9 |
2.9 |
|
LT Investment - Affiliate Companies |
0.1 |
0.0 |
- |
- |
- |
|
LT Investments - Other |
12.1 |
12.6 |
13.2 |
9.9 |
9.5 |
|
Long Term Investments |
12.3 |
12.6 |
13.2 |
9.9 |
9.5 |
|
Deferred Income Tax - Long Term Asset |
6.6 |
3.3 |
1.0 |
0.7 |
0.7 |
|
Other Long Term Assets |
0.6 |
0.7 |
0.6 |
0.7 |
0.7 |
|
Other Long Term Assets, Total |
7.3 |
4.0 |
1.6 |
1.5 |
1.4 |
|
Total Assets |
245.5 |
249.3 |
235.3 |
273.4 |
261.0 |
|
|
|
|
|
|
|
|
Accounts Payable |
20.4 |
21.9 |
23.3 |
36.3 |
33.9 |
|
Notes Payable/Short Term Debt |
6.8 |
0.2 |
0.2 |
0.0 |
0.0 |
|
Current Portion - Long Term Debt/Capital Leases |
3.4 |
3.3 |
2.1 |
0.3 |
13.9 |
|
Income Taxes Payable |
4.5 |
6.9 |
6.7 |
10.3 |
10.6 |
|
Other Current Liabilities |
0.4 |
0.5 |
0.1 |
15.2 |
- |
|
Other Current liabilities, Total |
4.9 |
7.4 |
6.8 |
25.5 |
10.6 |
|
Total Current Liabilities |
35.6 |
32.9 |
32.4 |
62.0 |
58.3 |
|
|
|
|
|
|
|
|
Long Term Debt |
24.9 |
28.0 |
28.0 |
4.7 |
4.9 |
|
Total Long Term Debt |
24.9 |
28.0 |
28.0 |
4.7 |
4.9 |
|
Total Debt |
35.1 |
31.5 |
30.3 |
5.0 |
18.7 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
1.1 |
0.8 |
0.2 |
0.2 |
0.2 |
|
Deferred Income Tax |
1.1 |
0.8 |
0.2 |
0.2 |
0.2 |
|
Minority Interest |
2.0 |
2.0 |
2.0 |
1.0 |
1.0 |
|
Reserves |
0.3 |
0.3 |
0.3 |
0.4 |
0.3 |
|
Other Long Term Liabilities |
2.9 |
3.1 |
3.1 |
2.9 |
2.8 |
|
Other Liabilities, Total |
3.3 |
3.4 |
3.4 |
3.3 |
3.2 |
|
Total Liabilities |
66.8 |
67.2 |
65.9 |
71.3 |
67.6 |
|
|
|
|
|
|
|
|
Common Stock |
7.6 |
7.5 |
7.0 |
8.3 |
8.0 |
|
Common Stock |
7.6 |
7.5 |
7.0 |
8.3 |
8.0 |
|
Retained Earnings (Accumulated Deficit) |
170.5 |
175.3 |
163.7 |
197.7 |
189.6 |
|
Translation Adjustment |
0.6 |
-0.7 |
-1.3 |
-3.9 |
-4.2 |
|
Other Equity, Total |
0.6 |
-0.7 |
-1.3 |
-3.9 |
-4.2 |
|
Total Equity |
178.7 |
182.1 |
169.4 |
202.1 |
193.5 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
245.5 |
249.3 |
235.3 |
273.4 |
261.0 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
9.1 |
9.1 |
9.1 |
9.1 |
9.1 |
|
Total Common Shares Outstanding |
9.1 |
9.1 |
9.1 |
9.1 |
9.1 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees |
2,515 |
2,461 |
2,538 |
2,389 |
2,011 |
|
Accumulated Intangible Amort, Suppl. |
10.5 |
10.6 |
9.6 |
11.3 |
10.7 |
|
Deferred Revenue - Long Term |
1.0 |
1.4 |
1.3 |
0.7 |
0.7 |
|
Total Long Term Debt, Supplemental |
28.3 |
31.3 |
30.1 |
5.0 |
18.7 |
|
Long Term Debt Maturing within 1 Year |
3.4 |
3.3 |
2.1 |
0.3 |
13.9 |
|
Long Term Debt Maturing in Year 2 |
3.5 |
3.4 |
2.8 |
0.6 |
0.6 |
|
Long Term Debt Maturing in Year 3 |
3.5 |
3.4 |
2.9 |
0.5 |
0.6 |
|
Long Term Debt Maturing in Year 4 |
3.6 |
3.5 |
3.0 |
0.4 |
0.5 |
|
Long Term Debt Maturing in Year 5 |
5.3 |
3.6 |
3.1 |
0.5 |
0.5 |
|
Long Term Debt Maturing in Year 6 |
3.1 |
- |
3.2 |
0.5 |
0.5 |
|
Long Term Debt Maturing in Year 7 |
- |
- |
- |
0.5 |
- |
|
Long Term Debt Maturing in 2-3 Years |
7.0 |
6.8 |
5.6 |
1.1 |
1.2 |
|
Long Term Debt Maturing in 4-5 Years |
9.0 |
7.1 |
6.1 |
0.9 |
1.0 |
|
Long Term Debt Matur. in Year 6 & Beyond |
9.0 |
14.1 |
16.3 |
2.7 |
2.7 |
|
Total Operating Leases, Supplemental |
87.3 |
206.8 |
221.2 |
324.5 |
- |
|
Operating Lease Payments Due in Year 1 |
26.0 |
26.7 |
27.8 |
34.4 |
- |
|
Operating Lease Payments Due in Year 2 |
8.7 |
17.4 |
19.6 |
27.2 |
- |
|
Operating Lease Payments Due in Year 3 |
8.7 |
17.4 |
19.6 |
27.2 |
- |
|
Operating Lease Payments Due in Year 4 |
8.7 |
17.4 |
19.6 |
27.2 |
- |
|
Operating Lease Payments Due in Year 5 |
8.7 |
17.4 |
19.6 |
27.2 |
- |
|
Operating Lease Pymts. Due in 2-3 Years |
17.4 |
34.8 |
39.1 |
54.4 |
- |
|
Operating Lease Pymts. Due in 4-5 Years |
17.4 |
34.8 |
39.1 |
54.4 |
- |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
26.6 |
110.4 |
115.2 |
181.3 |
- |
Interim Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Aug-2011 |
28-Feb-2011 |
31-Aug-2010 |
28-Feb-2010 |
31-Aug-2009 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
EUR |
EUR |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.694541 |
0.724008 |
0.786813 |
0.732762 |
0.69684 |
|
|
|
|
|
|
|
|
Cash & Equivalents |
11.3 |
22.8 |
24.0 |
25.8 |
14.0 |
|
Short Term Investments |
4.5 |
7.5 |
3.2 |
0.2 |
1.5 |
|
Cash and Short Term Investments |
15.8 |
30.3 |
27.2 |
26.0 |
15.6 |
|
Trade Accounts Receivable - Net |
22.1 |
22.1 |
19.5 |
26.2 |
28.0 |
|
Other Receivables |
0.6 |
0.8 |
0.5 |
0.7 |
0.5 |
|
Total Receivables, Net |
22.7 |
22.9 |
20.0 |
26.9 |
28.6 |
|
Inventories - Work In Progress |
- |
- |
3.7 |
4.1 |
6.0 |
|
Inventories - Raw Materials |
- |
2.6 |
1.3 |
1.2 |
1.2 |
|
Inventories - Other |
- |
51.8 |
48.6 |
49.3 |
54.8 |
|
Total Inventory |
61.0 |
54.4 |
53.5 |
54.6 |
62.0 |
|
Other Current Assets |
1.8 |
0.8 |
1.7 |
0.9 |
1.3 |
|
Other Current Assets, Total |
1.8 |
0.8 |
1.7 |
0.9 |
1.3 |
|
Total Current Assets |
101.4 |
108.4 |
102.5 |
108.4 |
107.5 |
|
|
|
|
|
|
|
|
Land/Improvements |
- |
34.6 |
31.8 |
34.1 |
35.8 |
|
Machinery/Equipment |
- |
155.6 |
138.7 |
148.3 |
154.3 |
|
Other
Property/Plant/Equipment |
- |
32.4 |
33.4 |
32.8 |
32.1 |
|
Property/Plant/Equipment - Gross |
- |
222.5 |
203.9 |
215.2 |
222.2 |
|
Accumulated Depreciation |
- |
-108.7 |
-94.6 |
-94.1 |
-90.1 |
|
Property/Plant/Equipment - Net |
115.0 |
113.8 |
109.3 |
121.1 |
132.1 |
|
Intangibles, Net |
4.0 |
3.8 |
3.2 |
3.1 |
3.1 |
|
LT Investment - Affiliate Companies |
0.0 |
- |
- |
- |
- |
|
LT Investments - Other |
12.2 |
12.3 |
11.6 |
12.6 |
13.8 |
|
Long Term Investments |
12.2 |
12.3 |
11.6 |
12.6 |
13.8 |
|
Deferred Income Tax - Long Term Asset |
11.5 |
6.6 |
4.6 |
3.3 |
3.3 |
|
Other Long Term Assets |
0.6 |
0.6 |
0.6 |
0.7 |
0.6 |
|
Other Long Term Assets, Total |
12.1 |
7.3 |
5.2 |
4.0 |
4.0 |
|
Total Assets |
244.7 |
245.5 |
231.7 |
249.3 |
260.4 |
|
|
|
|
|
|
|
|
Accounts Payable |
24.4 |
20.4 |
21.1 |
21.9 |
24.9 |
|
Notes Payable/Short Term Debt |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Current Portion - Long Term Debt/Capital Leases |
7.8 |
10.2 |
5.5 |
3.5 |
4.0 |
|
Income Taxes Payable |
7.4 |
4.5 |
8.7 |
6.9 |
9.0 |
|
Other Current Liabilities |
0.8 |
0.4 |
0.2 |
0.5 |
0.1 |
|
Other Current liabilities, Total |
8.3 |
4.9 |
8.9 |
7.4 |
9.1 |
|
Total Current Liabilities |
40.5 |
35.6 |
35.5 |
32.9 |
38.0 |
|
|
|
|
|
|
|
|
Long Term Debt |
24.2 |
24.9 |
24.5 |
28.0 |
31.2 |
|
Total Long Term Debt |
24.2 |
24.9 |
24.5 |
28.0 |
31.2 |
|
Total Debt |
32.1 |
35.1 |
30.0 |
31.5 |
35.2 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
1.2 |
1.1 |
1.2 |
0.8 |
0.5 |
|
Deferred Income Tax |
1.2 |
1.1 |
1.2 |
0.8 |
0.5 |
|
Minority Interest |
1.8 |
2.0 |
1.9 |
2.0 |
1.8 |
|
Reserves |
0.4 |
0.3 |
0.3 |
0.3 |
0.2 |
|
Other Long Term Liabilities |
2.8 |
2.9 |
3.0 |
3.1 |
3.3 |
|
Other Liabilities, Total |
3.1 |
3.3 |
3.3 |
3.4 |
3.5 |
|
Total Liabilities |
70.9 |
66.8 |
66.5 |
67.2 |
74.9 |
|
|
|
|
|
|
|
|
Common Stock |
7.9 |
7.6 |
7.0 |
7.5 |
7.9 |
|
Common Stock |
7.9 |
7.6 |
7.0 |
7.5 |
7.9 |
|
Retained Earnings (Accumulated Deficit) |
165.1 |
170.5 |
157.3 |
175.3 |
179.4 |
|
Translation Adjustment |
0.9 |
0.6 |
1.0 |
-0.7 |
-1.7 |
|
Other Equity, Total |
0.9 |
0.6 |
1.0 |
-0.7 |
-1.7 |
|
Total Equity |
173.8 |
178.7 |
165.2 |
182.1 |
185.5 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
244.7 |
245.5 |
231.7 |
249.3 |
260.4 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
9.1 |
9.1 |
9.1 |
9.1 |
9.1 |
|
Total Common Shares Outstanding |
9.1 |
9.1 |
9.1 |
9.1 |
9.1 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees |
2,374 |
2,515 |
2,326 |
2,461 |
2,414 |
|
Deferred Revenue - Long Term |
0.9 |
1.0 |
1.1 |
1.4 |
1.3 |
Annual Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
28-Feb-2011 |
28-Feb-2010 |
28-Feb-2009 |
29-Feb-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
2 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
EUR |
EUR |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.759157 |
0.711244 |
0.697482 |
0.716258 |
0.730637 |
|
Auditor |
Deloitte SL |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
-9.5 |
1.8 |
7.2 |
0.9 |
42.3 |
|
Depreciation |
19.2 |
20.3 |
19.0 |
2.4 |
11.4 |
|
Depreciation/Depletion |
19.2 |
20.3 |
19.0 |
2.4 |
11.4 |
|
Amortization of Intangibles |
- |
- |
- |
0.1 |
0.7 |
|
Amortization |
- |
- |
- |
0.1 |
0.7 |
|
Unusual Items |
1.2 |
3.8 |
2.2 |
0.2 |
-0.6 |
|
Other Non-Cash Items |
2.7 |
1.3 |
-0.2 |
0.2 |
0.2 |
|
Non-Cash Items |
3.9 |
5.1 |
2.0 |
0.4 |
-0.4 |
|
Other Assets & Liabilities, Net |
-5.4 |
1.5 |
5.6 |
6.6 |
-11.7 |
|
Other Operating Cash Flow |
-1.4 |
-0.3 |
-3.4 |
0.0 |
-15.1 |
|
Changes in Working Capital |
-6.7 |
1.1 |
2.2 |
6.6 |
-26.8 |
|
Cash from Operating Activities |
6.9 |
28.3 |
30.4 |
10.4 |
27.2 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-12.4 |
-14.0 |
-36.4 |
-11.1 |
-47.2 |
|
Purchase/Acquisition of Intangibles |
- |
- |
- |
0.0 |
-1.0 |
|
Capital Expenditures |
-12.4 |
-14.0 |
-36.4 |
-11.1 |
-48.1 |
|
Sale of Fixed Assets |
0.7 |
0.9 |
1.0 |
0.1 |
2.2 |
|
Sale/Maturity of Investment |
0.6 |
0.9 |
0.0 |
0.2 |
0.9 |
|
Purchase of Investments |
-0.5 |
-0.2 |
-0.2 |
-0.2 |
-2.5 |
|
Other Investing Cash Flow |
0.5 |
0.3 |
0.2 |
0.0 |
0.8 |
|
Other Investing Cash Flow Items, Total |
1.3 |
1.8 |
1.0 |
0.2 |
1.4 |
|
Cash from Investing Activities |
-11.1 |
-12.3 |
-35.5 |
-10.9 |
-46.8 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-1.4 |
-1.3 |
-0.5 |
-0.4 |
-10.5 |
|
Financing Cash Flow Items |
-1.4 |
-1.3 |
-0.5 |
-0.4 |
-10.5 |
|
Cash Dividends Paid - Common |
-0.8 |
-1.9 |
-7.9 |
- |
- |
|
Total Cash Dividends Paid |
-0.8 |
-1.9 |
-7.9 |
- |
- |
|
Long Term Debt Issued |
6.8 |
0.0 |
30.1 |
0.7 |
15.8 |
|
Long Term Debt
Reduction |
-3.7 |
-0.9 |
-15.1 |
- |
0.0 |
|
Long Term Debt, Net |
3.2 |
-0.9 |
15.0 |
0.7 |
15.8 |
|
Issuance (Retirement) of Debt, Net |
3.2 |
-0.9 |
15.0 |
0.7 |
15.8 |
|
Cash from Financing Activities |
0.9 |
-4.1 |
6.6 |
0.3 |
5.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.1 |
-0.1 |
1.6 |
0.4 |
-2.2 |
|
Net Change in Cash |
-3.2 |
11.9 |
3.2 |
0.2 |
-16.6 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
24.9 |
14.7 |
11.8 |
11.3 |
27.6 |
|
Net Cash - Ending Balance |
21.7 |
26.6 |
15.0 |
11.5 |
11.1 |
|
Cash Interest Paid |
1.4 |
1.6 |
1.7 |
0.4 |
- |
|
Cash Taxes Paid |
2.0 |
1.6 |
4.9 |
0.2 |
14.6 |
Interim Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Aug-2011 |
28-Feb-2011 |
31-Aug-2010 |
28-Feb-2010 |
31-Aug-2009 |
|
Period Length |
6 Months |
12 Months |
6 Months |
12 Months |
6 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
EUR |
EUR |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.699716 |
0.759157 |
0.775345 |
0.711244 |
0.730524 |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
-16.9 |
-9.5 |
-7.1 |
1.8 |
-4.3 |
|
Depreciation |
10.7 |
19.2 |
9.3 |
20.3 |
10.0 |
|
Depreciation/Depletion |
10.7 |
19.2 |
9.3 |
20.3 |
10.0 |
|
Other Assets & Liabilities, Net |
4.3 |
-5.4 |
3.4 |
1.5 |
-0.7 |
|
Other Operating Cash Flow |
1.6 |
2.6 |
1.6 |
4.7 |
3.4 |
|
Changes in Working Capital |
5.9 |
-2.8 |
5.1 |
6.2 |
2.7 |
|
Cash from Operating Activities |
-0.4 |
6.9 |
7.3 |
28.3 |
8.4 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-7.8 |
-12.5 |
-5.8 |
-14.0 |
-7.7 |
|
Capital Expenditures |
-7.8 |
-12.5 |
-5.8 |
-14.0 |
-7.7 |
|
Sale of Fixed Assets |
0.0 |
0.7 |
0.5 |
0.9 |
0.4 |
|
Sale/Maturity of Investment |
- |
0.6 |
0.0 |
0.9 |
0.3 |
|
Purchase of Investments |
-0.1 |
-0.4 |
-0.4 |
-0.2 |
-0.3 |
|
Other Investing Cash Flow |
0.8 |
0.5 |
0.2 |
0.3 |
0.2 |
|
Other Investing Cash Flow Items, Total |
0.7 |
1.4 |
0.3 |
1.8 |
0.5 |
|
Cash from Investing Activities |
-7.1 |
-11.1 |
-5.5 |
-12.3 |
-7.2 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-0.8 |
-1.4 |
-1.4 |
-1.3 |
-3.0 |
|
Financing Cash Flow Items |
-0.8 |
-1.4 |
-1.4 |
-1.3 |
-3.0 |
|
Cash Dividends Paid - Common |
- |
-0.8 |
- |
-1.9 |
- |
|
Total Cash Dividends Paid |
- |
-0.8 |
- |
-1.9 |
- |
|
Long Term Debt Issued |
0.3 |
6.8 |
0.4 |
0.0 |
1.4 |
|
Long Term Debt
Reduction |
-4.5 |
-3.7 |
-1.2 |
-0.9 |
-0.9 |
|
Long Term Debt, Net |
-4.3 |
3.2 |
-0.8 |
-0.9 |
0.5 |
|
Issuance (Retirement) of Debt, Net |
-4.3 |
3.2 |
-0.8 |
-0.9 |
0.5 |
|
Cash from Financing Activities |
-5.0 |
0.9 |
-2.2 |
-4.1 |
-2.5 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.2 |
0.1 |
0.3 |
-0.1 |
0.4 |
|
Net Change in Cash |
-12.4 |
-3.2 |
-0.1 |
11.9 |
-0.9 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
23.6 |
24.9 |
24.4 |
14.7 |
14.3 |
|
Net Cash - Ending Balance |
11.2 |
21.7 |
24.4 |
26.6 |
13.4 |
|
Cash Interest Paid |
0.8 |
1.4 |
0.6 |
1.6 |
1.3 |
|
Cash Taxes Paid |
0.2 |
2.0 |
0.8 |
1.6 |
0.4 |
Annual Income Statement
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
28-Feb-2011 |
28-Feb-2010 |
28-Feb-2009 |
29-Feb-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
2 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Updated Normal |
|
Filed Currency |
EUR |
EUR |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.759157 |
0.711244 |
0.697482 |
0.716258 |
0.730637 |
|
Auditor |
Deloitte SL |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Sales |
215.3 |
245.1 |
269.4 |
58.0 |
261.3 |
|
Other Revenues |
4.6 |
4.4 |
4.8 |
0.5 |
9.0 |
|
Total Revenue |
219.9 |
249.5 |
274.2 |
58.5 |
270.4 |
|
|
|
|
|
|
|
|
Cost of Sales |
74.0 |
79.8 |
85.3 |
26.3 |
81.9 |
|
Personnel |
71.1 |
74.7 |
75.4 |
14.1 |
61.8 |
|
Depreciation |
19.2 |
20.3 |
19.0 |
2.5 |
12.1 |
|
Writedown of Assets |
1.2 |
3.8 |
0.9 |
0.2 |
1.3 |
|
Provisions |
-0.1 |
-0.1 |
-0.2 |
- |
- |
|
Other Op. Expenses |
61.3 |
70.4 |
84.7 |
13.9 |
34.6 |
|
Rental Expenses |
- |
- |
- |
- |
32.3 |
|
Advertising Expense |
- |
- |
- |
- |
2.8 |
|
Taxes |
- |
- |
- |
- |
1.3 |
|
Extraordinary Income |
- |
-2.4 |
- |
- |
- |
|
Deferred Income |
-0.4 |
-0.4 |
-0.4 |
- |
- |
|
Total Operating Expense |
226.4 |
246.1 |
264.8 |
57.0 |
228.2 |
|
|
|
|
|
|
|
|
Income/Assets |
- |
- |
- |
- |
0.6 |
|
Interest Income |
- |
- |
- |
- |
0.2 |
|
Financial Income |
0.5 |
0.3 |
0.2 |
0.0 |
- |
|
Financial Expense |
-0.5 |
-0.5 |
-0.3 |
-0.1 |
-0.5 |
|
Interest Expense |
-0.9 |
-1.3 |
-1.6 |
-0.2 |
-0.2 |
|
Exchange Difference, Net |
-1.2 |
-0.1 |
-0.5 |
-0.2 |
-0.1 |
|
Sale of Investments |
-0.9 |
0.0 |
- |
- |
- |
|
Net Income Before Taxes |
-9.5 |
1.8 |
7.2 |
0.9 |
42.3 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
-3.2 |
0.6 |
2.0 |
0.4 |
12.6 |
|
Net Income After Taxes |
-6.3 |
1.2 |
5.2 |
0.5 |
29.6 |
|
|
|
|
|
|
|
|
Min. Interest |
0.4 |
0.1 |
0.7 |
0.0 |
-0.1 |
|
Net Income Before Extra. Items |
-5.9 |
1.4 |
5.9 |
0.6 |
29.5 |
|
Net Income |
-5.9 |
1.4 |
5.9 |
0.6 |
29.5 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
-5.9 |
1.4 |
5.9 |
0.6 |
29.5 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
-5.9 |
1.4 |
5.9 |
0.6 |
29.5 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
9.1 |
9.1 |
9.1 |
9.1 |
9.1 |
|
Basic EPS Excluding ExtraOrdinary Items |
-0.65 |
0.15 |
0.64 |
0.06 |
3.23 |
|
Basic EPS Including ExtraOrdinary Item |
-0.65 |
0.15 |
0.64 |
0.06 |
3.23 |
|
Dilution Adjustment |
0.0 |
- |
- |
- |
- |
|
Diluted Net Income |
-5.9 |
1.4 |
5.9 |
0.6 |
29.5 |
|
Diluted Weighted Average Shares |
9.1 |
9.1 |
9.1 |
9.1 |
9.1 |
|
Diluted EPS Excluding ExtraOrd Items |
-0.65 |
0.15 |
0.64 |
0.06 |
3.23 |
|
Diluted EPS Including ExtraOrd Items |
-0.65 |
0.15 |
0.64 |
0.06 |
3.23 |
|
DPS-Ordinary Shares |
- |
0.08 |
0.18 |
0.00 |
0.67 |
|
Gross Dividends - Common Stock |
- |
0.9 |
2.0 |
0.0 |
7.5 |
|
Normalized Income Before Taxes |
-8.6 |
2.8 |
7.8 |
1.2 |
43.6 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
-2.8 |
0.9 |
2.2 |
0.5 |
13.0 |
|
Normalized Income After Taxes |
-5.7 |
1.9 |
5.6 |
0.6 |
30.5 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-5.4 |
2.0 |
6.3 |
0.7 |
30.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-0.58 |
0.22 |
0.69 |
0.07 |
3.33 |
|
Diluted Normalized EPS |
-0.58 |
0.22 |
0.69 |
0.07 |
3.33 |
|
Rental Expense |
29.9 |
33.1 |
39.9 |
6.4 |
32.3 |
|
Advertising Expense |
2.6 |
2.0 |
2.3 |
0.3 |
2.8 |
|
Interest Expense |
0.9 |
1.3 |
1.6 |
0.2 |
0.2 |
|
Depreciation |
18.5 |
19.7 |
18.3 |
2.4 |
11.4 |
|
Amortization of Intangibles |
0.7 |
0.6 |
0.7 |
0.1 |
0.7 |
Interim Income Statement
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-May-2011 |
28-Feb-2011 |
30-Nov-2010 |
31-Aug-2010 |
31-May-2010 |
|
Period Length |
3 Months |
6 Months |
3 Months |
6 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
EUR |
EUR |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.701333 |
0.743569 |
0.740014 |
0.775345 |
0.758873 |
|
|
|
|
|
|
|
|
Sales |
44.0 |
114.2 |
44.5 |
101.3 |
45.3 |
|
Other Revenue |
0.6 |
2.8 |
1.7 |
1.8 |
0.7 |
|
Total Revenue |
44.6 |
116.9 |
46.2 |
103.2 |
46.0 |
|
|
|
|
|
|
|
|
Cost of Sales |
10.6 |
38.6 |
9.0 |
35.4 |
11.8 |
|
Staff Cost |
18.9 |
37.1 |
17.7 |
34.0 |
16.8 |
|
Depreciation |
5.2 |
9.9 |
4.9 |
9.3 |
4.8 |
|
Writedown Of Assets |
0.1 |
0.9 |
0.5 |
0.4 |
-0.1 |
|
Other Op. Expenses |
16.0 |
31.8 |
15.9 |
29.5 |
15.3 |
|
Provisions |
- |
0.0 |
- |
-0.1 |
- |
|
Deferred Income |
- |
-0.2 |
- |
-0.2 |
- |
|
Total Operating Expense |
50.8 |
118.0 |
48.1 |
108.4 |
48.6 |
|
|
|
|
|
|
|
|
Investment Income |
- |
-0.1 |
- |
-0.8 |
- |
|
Financial Expense |
- |
-0.8 |
- |
-0.6 |
- |
|
Conversion Diff. |
- |
-0.5 |
- |
-0.7 |
- |
|
Financial Income |
- |
0.3 |
- |
0.2 |
- |
|
Financial Result |
-0.3 |
- |
-0.3 |
- |
-0.4 |
|
Net Income Before Taxes |
-6.5 |
-2.2 |
-2.2 |
-7.1 |
-3.0 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
-1.6 |
-1.6 |
-0.7 |
-1.5 |
-0.9 |
|
Net Income After Taxes |
-4.9 |
-0.6 |
-1.5 |
-5.6 |
-2.1 |
|
|
|
|
|
|
|
|
Minority Interest |
0.1 |
0.1 |
0.0 |
0.2 |
-0.1 |
|
Net Income Before Extra. Items |
-4.8 |
-0.5 |
-1.5 |
-5.3 |
-2.2 |
|
Net Income |
-4.8 |
-0.5 |
-1.5 |
-5.3 |
-2.2 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
-4.8 |
-0.5 |
-1.5 |
-5.3 |
-2.2 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
-4.8 |
-0.5 |
-1.5 |
-5.3 |
-2.2 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
9.1 |
9.1 |
9.1 |
9.1 |
9.1 |
|
Basic EPS Excluding ExtraOrdinary Items |
-0.53 |
-0.05 |
-0.16 |
-0.58 |
-0.24 |
|
Basic EPS Including ExtraOrdinary Item |
-0.53 |
-0.05 |
-0.16 |
-0.58 |
-0.24 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
-4.8 |
-0.5 |
-1.5 |
-5.3 |
-2.2 |
|
Diluted Weighted Average Shares |
9.1 |
9.1 |
9.1 |
9.1 |
9.1 |
|
Diluted EPS Excluding ExtraOrd Items |
-0.53 |
-0.05 |
-0.16 |
-0.58 |
-0.24 |
|
Diluted EPS Including ExtraOrd Items |
-0.53 |
-0.05 |
-0.16 |
-0.58 |
-0.24 |
|
DPS-Ordinary Shares |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Normalized Income Before Taxes |
-6.4 |
-1.5 |
-1.7 |
-6.9 |
-3.1 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
-1.6 |
-1.4 |
-0.5 |
-1.5 |
-0.9 |
|
Normalized Income After Taxes |
-4.8 |
-0.2 |
-1.2 |
-5.4 |
-2.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-4.8 |
0.0 |
-1.2 |
-5.2 |
-2.2 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-0.52 |
0.00 |
-0.13 |
-0.57 |
-0.24 |
|
Diluted Normalized EPS |
-0.52 |
0.00 |
-0.13 |
-0.57 |
-0.24 |
|
Depreciation |
5.2 |
9.5 |
4.9 |
9.0 |
4.8 |
|
Amort. of Intangibles |
- |
0.4 |
- |
0.3 |
- |
Annual Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
28-Feb-2011 |
28-Feb-2010 |
28-Feb-2009 |
29-Feb-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
EUR |
EUR |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.724008 |
0.732762 |
0.787371 |
0.658718 |
0.683971 |
|
Auditor |
Deloitte SL |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Raw Materials |
2.6 |
1.2 |
0.8 |
0.7 |
0.7 |
|
Work in Progress |
- |
4.1 |
3.4 |
5.5 |
4.5 |
|
Stocks/Shops |
27.9 |
16.4 |
16.8 |
38.0 |
34.9 |
|
Products/Storage |
23.6 |
- |
- |
- |
- |
|
Finished Goods |
- |
29.2 |
24.9 |
22.5 |
32.1 |
|
Merchandise |
- |
3.3 |
3.6 |
5.6 |
9.1 |
|
Advances |
0.2 |
0.3 |
0.0 |
0.1 |
0.6 |
|
Provisions |
- |
- |
- |
- |
-1.1 |
|
Accounts Rcvbls. |
27.6 |
31.4 |
28.8 |
38.7 |
32.0 |
|
Provisions |
-5.5 |
-5.2 |
-3.7 |
-2.4 |
-2.3 |
|
ST Investments |
7.5 |
0.2 |
6.4 |
0.2 |
0.2 |
|
Public Administration |
0.8 |
0.9 |
0.8 |
0.7 |
1.3 |
|
Other Current Assets |
0.8 |
0.7 |
0.7 |
1.1 |
0.8 |
|
Cash and Equivalents |
22.8 |
25.8 |
13.3 |
12.5 |
11.8 |
|
Total Current Assets |
108.4 |
108.4 |
95.9 |
123.1 |
124.6 |
|
|
|
|
|
|
|
|
Intangibles, Gross |
14.4 |
13.7 |
12.2 |
- |
- |
|
Rights |
- |
- |
- |
- |
0.0 |
|
Patents/Licenses |
- |
- |
- |
- |
1.4 |
|
Copyrights |
- |
- |
- |
- |
10.2 |
|
Software |
- |
- |
- |
- |
1.9 |
|
Amortisation of Intangibles |
-10.5 |
-10.6 |
-9.6 |
- |
-10.7 |
|
Intangibles, Net |
- |
- |
- |
2.9 |
- |
|
Land/Buildings |
34.6 |
34.1 |
31.7 |
29.8 |
27.0 |
|
Machinery |
155.6 |
148.3 |
136.3 |
128.7 |
119.8 |
|
Furniture/Other |
28.7 |
27.2 |
24.4 |
20.5 |
18.2 |
|
Other Property |
4.7 |
4.6 |
4.1 |
4.4 |
4.2 |
|
Work in Progress |
0.5 |
2.5 |
2.0 |
28.5 |
26.4 |
|
Depreciation |
-108.7 |
-94.1 |
-74.8 |
-74.5 |
-70.0 |
|
Impairment |
-1.6 |
-1.4 |
-1.5 |
-1.3 |
-3.0 |
|
Real Estate Investment |
3.6 |
4.2 |
4.7 |
- |
- |
|
LT Investment |
8.5 |
8.4 |
8.5 |
9.9 |
9.5 |
|
Deferred Tax |
6.6 |
3.3 |
1.0 |
0.7 |
0.7 |
|
Other Assets |
0.6 |
0.7 |
0.6 |
0.7 |
0.7 |
|
Participations |
0.1 |
0.0 |
- |
- |
- |
|
Total Assets |
245.5 |
249.3 |
235.3 |
273.4 |
261.0 |
|
|
|
|
|
|
|
|
Debts/Banks |
3.4 |
3.3 |
2.1 |
0.3 |
13.9 |
|
ST Debt |
6.8 |
0.2 |
0.2 |
- |
- |
|
Other Financial Liabilities |
0.4 |
0.5 |
0.1 |
15.2 |
- |
|
Accounts Payable |
20.4 |
21.9 |
23.3 |
36.3 |
33.9 |
|
Tax on Current Earnings |
4.5 |
6.9 |
6.7 |
10.3 |
10.6 |
|
Total Current Liabilities |
35.6 |
32.9 |
32.4 |
62.0 |
58.3 |
|
|
|
|
|
|
|
|
LT Debt/Banks |
24.9 |
28.0 |
28.0 |
4.7 |
4.9 |
|
Total Long Term Debt |
24.9 |
28.0 |
28.0 |
4.7 |
4.9 |
|
|
|
|
|
|
|
|
Other Financial Liabilities |
1.9 |
1.7 |
1.8 |
2.2 |
2.2 |
|
Provisions |
0.3 |
0.3 |
0.3 |
0.4 |
0.3 |
|
Deferred Income |
1.0 |
1.4 |
1.3 |
0.7 |
0.7 |
|
Deferred Tax |
1.1 |
0.8 |
0.2 |
0.2 |
0.2 |
|
Min. Interest |
2.0 |
2.0 |
2.0 |
1.0 |
1.0 |
|
Total Liabilities |
66.8 |
67.2 |
65.9 |
71.3 |
67.6 |
|
|
|
|
|
|
|
|
Share Capital |
7.6 |
7.5 |
7.0 |
8.3 |
8.0 |
|
Retained Earnings |
210.4 |
208.4 |
186.4 |
229.5 |
183.2 |
|
Reserves/Group |
-33.7 |
-34.4 |
-27.9 |
-32.4 |
-25.1 |
|
Exchange Difference |
0.6 |
-0.7 |
-1.3 |
-3.9 |
-4.2 |
|
Profit & Loss |
-6.2 |
1.3 |
5.2 |
0.6 |
31.6 |
|
Total Equity |
178.7 |
182.1 |
169.4 |
202.1 |
193.5 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
245.5 |
249.3 |
235.3 |
273.4 |
261.0 |
|
|
|
|
|
|
|
|
S/O-Ordinary Shares |
9.1 |
9.1 |
9.1 |
9.1 |
9.1 |
|
Total Common Shares Outstanding |
9.1 |
9.1 |
9.1 |
9.1 |
9.1 |
|
T/S-Ordinary Shares |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Income-LT |
1.0 |
1.4 |
1.3 |
0.7 |
0.7 |
|
Accumulated Intangible Amortization |
10.5 |
10.6 |
9.6 |
11.3 |
10.7 |
|
Full-Time Employees |
2,515 |
2,461 |
2,538 |
2,389 |
2,011 |
|
LT Debt Maturing within 1 Year |
3.4 |
3.3 |
2.1 |
0.3 |
13.9 |
|
LT Debt Maturing in 2 Years |
3.5 |
3.4 |
2.8 |
0.6 |
0.6 |
|
LT Debt Maturing in 3 Years |
3.5 |
3.4 |
2.9 |
0.5 |
0.6 |
|
LT Debt Maturing in 4 Years |
3.6 |
3.5 |
3.0 |
0.4 |
0.5 |
|
LT Debt Maturing in 5 Years |
5.3 |
3.6 |
3.1 |
0.5 |
0.5 |
|
LT Debt Maturing in 6 Years |
3.1 |
- |
3.2 |
0.5 |
0.5 |
|
LT Debt Maturing in 7 Years |
- |
- |
- |
0.5 |
- |
|
LT Debt - Remaining Maturities |
5.8 |
14.1 |
13.1 |
1.7 |
2.2 |
|
Total Long Term Debt, Supplemental |
28.3 |
31.3 |
30.1 |
5.0 |
18.7 |
|
Operating Lease Pymts. Due within 1 Year |
26.0 |
26.7 |
27.8 |
34.4 |
- |
|
Operating Lease Pymts. Due in Year 5 |
34.8 |
69.6 |
78.2 |
108.8 |
- |
|
Operating Lease - Remaining Pymts. |
26.6 |
110.4 |
115.2 |
181.3 |
- |
|
Total Operating Leases |
87.3 |
206.8 |
221.2 |
324.5 |
- |
Interim Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
28-Feb-2011 |
31-Aug-2010 |
28-Feb-2010 |
31-Aug-2009 |
28-Feb-2009 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
EUR |
EUR |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.724008 |
0.786813 |
0.732762 |
0.69684 |
0.787371 |
|
|
|
|
|
|
|
|
Raw Materials |
2.6 |
1.3 |
1.2 |
1.2 |
0.8 |
|
Work in Progress |
- |
3.7 |
4.1 |
6.0 |
3.4 |
|
Products/Storage |
23.6 |
20.4 |
16.4 |
17.6 |
16.8 |
|
Products/Shops |
27.9 |
21.2 |
29.2 |
27.6 |
24.9 |
|
Products/Transition |
- |
6.5 |
3.3 |
8.9 |
3.6 |
|
Advances |
0.2 |
0.4 |
0.3 |
0.7 |
0.0 |
|
Debtors |
22.1 |
19.5 |
26.2 |
28.0 |
25.1 |
|
ST Investments |
7.5 |
3.2 |
0.2 |
1.5 |
6.4 |
|
Other Current Assets |
0.8 |
1.7 |
0.9 |
1.3 |
0.8 |
|
Public Administration |
0.8 |
0.5 |
0.7 |
0.5 |
0.7 |
|
Cash and Equivalents |
22.8 |
24.0 |
25.8 |
14.0 |
13.3 |
|
Total Current Assets |
108.4 |
102.5 |
108.4 |
107.5 |
95.9 |
|
|
|
|
|
|
|
|
Intangibles |
3.8 |
3.2 |
3.1 |
3.1 |
2.6 |
|
Lands and Buildings |
34.6 |
31.8 |
34.1 |
35.8 |
31.7 |
|
Equipment |
155.6 |
138.7 |
148.3 |
154.3 |
136.3 |
|
Other Equipment |
28.7 |
25.6 |
27.2 |
27.9 |
24.4 |
|
Other Tangibles |
4.7 |
4.3 |
4.6 |
4.7 |
4.1 |
|
Tangibles in Progress |
0.5 |
4.8 |
2.5 |
1.3 |
2.0 |
|
Depreciation |
-108.7 |
-94.6 |
-94.1 |
-90.1 |
-74.8 |
|
Impairment |
-1.6 |
-1.3 |
-1.4 |
-1.7 |
-1.5 |
|
Real Estate Investment |
3.6 |
3.4 |
4.2 |
5.3 |
4.7 |
|
LT Investments |
8.7 |
8.2 |
8.4 |
8.5 |
8.5 |
|
Deferred Tax |
6.6 |
4.6 |
3.3 |
3.3 |
1.0 |
|
Other Assets |
0.6 |
0.6 |
0.7 |
0.6 |
0.6 |
|
Total Assets |
245.5 |
231.7 |
249.3 |
260.4 |
235.3 |
|
|
|
|
|
|
|
|
Debts/Banks |
10.2 |
5.5 |
3.5 |
4.0 |
2.3 |
|
Other Financial Liabilities |
0.4 |
0.2 |
0.5 |
0.1 |
0.1 |
|
Accounts Payable |
20.4 |
21.1 |
21.9 |
24.9 |
23.3 |
|
Tax on Current Earnings |
4.5 |
8.7 |
6.9 |
9.0 |
6.7 |
|
Total Current Liabilities |
35.6 |
35.5 |
32.9 |
38.0 |
32.4 |
|
|
|
|
|
|
|
|
LT Debt/Banks |
24.9 |
24.5 |
28.0 |
31.2 |
28.0 |
|
Total Long Term Debt |
24.9 |
24.5 |
28.0 |
31.2 |
28.0 |
|
|
|
|
|
|
|
|
Provisions |
0.3 |
0.3 |
0.3 |
0.2 |
0.3 |
|
Other LT Liabilities |
1.9 |
1.9 |
1.7 |
2.0 |
1.8 |
|
Deferred Income |
1.0 |
1.1 |
1.4 |
1.3 |
1.3 |
|
Deferred Tax |
1.1 |
1.2 |
0.8 |
0.5 |
0.2 |
|
Minority Interest |
2.0 |
1.9 |
2.0 |
1.8 |
2.0 |
|
Total Liabilities |
66.8 |
66.5 |
67.2 |
74.9 |
65.9 |
|
|
|
|
|
|
|
|
Share Capital |
7.6 |
7.0 |
7.5 |
7.9 |
7.0 |
|
Retained Earnings |
210.4 |
195.0 |
208.4 |
220.2 |
186.4 |
|
Reserves/Group |
-33.7 |
-32.5 |
-34.4 |
-37.3 |
-27.9 |
|
Exchange Difference |
0.6 |
1.0 |
-0.7 |
-1.7 |
-1.3 |
|
Profit & Loss |
-6.2 |
-5.3 |
1.3 |
-3.6 |
5.2 |
|
Total Equity |
178.7 |
165.2 |
182.1 |
185.5 |
169.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
245.5 |
231.7 |
249.3 |
260.4 |
235.3 |
|
|
|
|
|
|
|
|
S/O-Ordinary Shares |
9.1 |
9.1 |
9.1 |
9.1 |
9.1 |
|
Total Common Shares Outstanding |
9.1 |
9.1 |
9.1 |
9.1 |
9.1 |
|
T/S-Ordinary Shares |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Income-LT |
1.0 |
1.1 |
1.4 |
1.3 |
1.3 |
|
Full-Time Employees |
2,515 |
2,326 |
2,461 |
2,414 |
2,538 |
Annual Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
28-Feb-2011 |
28-Feb-2010 |
28-Feb-2009 |
29-Feb-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
2 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
EUR |
EUR |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.759157 |
0.711244 |
0.697482 |
0.716258 |
0.730637 |
|
Auditor |
Deloitte SL |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
-9.5 |
1.8 |
7.2 |
0.9 |
42.3 |
|
Depreciation |
19.2 |
20.3 |
19.0 |
2.4 |
11.4 |
|
Amortization of Intangibles |
- |
- |
- |
0.1 |
0.7 |
|
Writedown of Assets |
0.2 |
0.8 |
1.8 |
0.0 |
1.3 |
|
Provisions Received |
0.6 |
1.3 |
-0.1 |
0.1 |
-0.1 |
|
Investments Impairment |
0.9 |
- |
- |
- |
- |
|
Sale of Assets |
1.0 |
3.0 |
0.3 |
0.2 |
-1.9 |
|
Financial Income |
-0.5 |
-0.3 |
-0.2 |
0.0 |
-0.8 |
|
Financial Expenses |
1.4 |
1.7 |
1.9 |
0.3 |
0.6 |
|
Exchange Differences, Net |
1.2 |
0.0 |
-0.1 |
0.1 |
0.2 |
|
Capital Grants |
-0.4 |
-0.4 |
-0.4 |
0.0 |
-0.2 |
|
Other Op.Activities |
0.2 |
0.2 |
0.1 |
- |
- |
|
Assets and Liabilities |
-5.4 |
1.5 |
5.6 |
6.6 |
-11.7 |
|
Tax Paid |
-2.0 |
-1.6 |
-4.9 |
-0.2 |
-14.6 |
|
Exchange Differences Paid |
- |
- |
0.0 |
0.0 |
-0.2 |
|
Cash from Operating Activities |
6.9 |
28.3 |
30.4 |
10.4 |
27.2 |
|
|
|
|
|
|
|
|
Financial Income/Interest Received |
0.5 |
0.3 |
0.2 |
0.0 |
0.8 |
|
Purchase of Intangibles |
- |
- |
- |
0.0 |
-1.0 |
|
Purchase of Tangibles |
-12.4 |
-14.0 |
-36.4 |
-11.1 |
-47.2 |
|
Purchase of Financial Assets |
-0.4 |
-0.2 |
-0.2 |
-0.2 |
-2.5 |
|
Group Companies Investments |
-0.1 |
- |
- |
- |
- |
|
Other Assets |
- |
- |
- |
- |
0.0 |
|
Sale of Tangibles |
0.7 |
0.9 |
1.0 |
0.0 |
2.0 |
|
Sale of Financial Assets |
0.6 |
0.9 |
0.0 |
0.2 |
0.9 |
|
Sale of Other Assets |
- |
- |
- |
0.0 |
0.2 |
|
Cash from Investing Activities |
-11.1 |
-12.3 |
-35.5 |
-10.9 |
-46.8 |
|
|
|
|
|
|
|
|
Bank Debt |
6.8 |
0.0 |
30.1 |
0.7 |
15.8 |
|
Financial Expenses & Dividends Paid |
- |
- |
- |
- |
-10.5 |
|
Dividends Paid |
-0.8 |
-1.9 |
-7.9 |
- |
- |
|
Amortization of Bank Debt |
-3.7 |
-0.9 |
-15.1 |
- |
0.0 |
|
Amortization of Other Liabilities |
- |
- |
- |
0.0 |
-0.1 |
|
Grants Received |
- |
- |
- |
0.0 |
0.1 |
|
Interest Paid |
-1.4 |
-1.6 |
-1.7 |
-0.4 |
- |
|
Other Financing Cash Flow |
0.0 |
0.4 |
1.2 |
- |
- |
|
Cash from Financing Activities |
0.9 |
-4.1 |
6.6 |
0.3 |
5.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.1 |
-0.1 |
1.6 |
0.4 |
-2.2 |
|
Net Change in Cash |
-3.2 |
11.9 |
3.2 |
0.2 |
-16.6 |
|
|
|
|
|
|
|
|
Net Cash-Beginning Balance |
24.9 |
14.7 |
11.8 |
11.3 |
27.6 |
|
Net Cash-Ending Balance |
21.7 |
26.6 |
15.0 |
11.5 |
11.1 |
|
Cash Interest Paid |
1.4 |
1.6 |
1.7 |
0.4 |
- |
|
Cash Taxes Paid |
2.0 |
1.6 |
4.9 |
0.2 |
14.6 |
Interim Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
28-Feb-2011 |
31-Aug-2010 |
28-Feb-2010 |
31-Aug-2009 |
28-Feb-2009 |
|
Period Length |
12 Months |
6 Months |
12 Months |
6 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
EUR |
EUR |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.759157 |
0.775345 |
0.711244 |
0.730524 |
0.697482 |
|
|
|
|
|
|
|
|
Net Income |
-9.5 |
-7.1 |
1.8 |
-4.3 |
7.2 |
|
Depreciation |
19.2 |
9.3 |
20.3 |
10.0 |
19.0 |
|
Adj. to the Result |
4.6 |
3.1 |
6.4 |
3.8 |
3.5 |
|
Change in Working Capital |
-5.4 |
3.4 |
1.5 |
-0.7 |
5.6 |
|
Other Op.Activities |
- |
-0.7 |
0.0 |
-0.1 |
0.0 |
|
Tax Paid |
-2.0 |
-0.8 |
-1.6 |
-0.4 |
-4.9 |
|
Cash from Operating Activities |
6.9 |
7.3 |
28.3 |
8.4 |
30.4 |
|
|
|
|
|
|
|
|
Purchase of Tangibles |
-12.5 |
-5.8 |
-14.0 |
-7.7 |
-36.4 |
|
Purchase of Financial Assets |
-0.4 |
-0.4 |
-0.2 |
-0.3 |
-0.2 |
|
Sale of Tangibles |
0.7 |
0.4 |
0.9 |
0.3 |
1.0 |
|
Sale of Financial Assets |
0.6 |
0.0 |
0.9 |
0.3 |
- |
|
Sale of Other Assets |
- |
0.0 |
- |
0.0 |
- |
|
Interest Collected |
0.5 |
0.2 |
0.3 |
0.2 |
0.2 |
|
Cash from Investing Activities |
-11.1 |
-5.5 |
-12.3 |
-7.2 |
-35.5 |
|
|
|
|
|
|
|
|
Bank Debt |
6.8 |
0.4 |
0.0 |
1.4 |
30.1 |
|
Financial Expenses & Dividends Paid |
- |
-0.8 |
- |
-1.7 |
- |
|
Dividends Paid |
-0.8 |
- |
-1.9 |
- |
-7.9 |
|
Interest Paid |
-1.4 |
-0.6 |
-1.6 |
-1.3 |
-1.7 |
|
Amortization of Bank Debt |
-3.7 |
-1.2 |
-0.9 |
-0.9 |
-15.1 |
|
Other Financing Activities |
- |
- |
0.4 |
0.0 |
1.2 |
|
Cash from Financing Activities |
0.9 |
-2.2 |
-4.1 |
-2.5 |
6.6 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.1 |
0.3 |
-0.1 |
0.4 |
1.6 |
|
Net Change in Cash |
-3.2 |
-0.1 |
11.9 |
-0.9 |
3.2 |
|
|
|
|
|
|
|
|
Net Cash-Beginning Balance |
24.9 |
24.4 |
14.7 |
14.3 |
11.8 |
|
Net Cash-Ending Balance |
21.7 |
24.4 |
26.6 |
13.4 |
15.0 |
|
Cash Interest Paid |
1.4 |
0.6 |
1.6 |
1.3 |
1.7 |
|
Cash Taxes Paid |
2.0 |
0.8 |
1.6 |
0.4 |
4.9 |
Geographic Segments
Financials in: As Reported (mil)
|
Annual |
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Geographic Segments
Financials in: As Reported (mil)
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Business Segments
Financials in: As Reported (mil)
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Annual |
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Business Segments
Financials in: As Reported (mil)
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Interim |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.23 |
|
UK Pound |
1 |
Rs.81.55 |
|
Euro |
1 |
Rs.69.60 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SCs credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this report.
The assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.