MIRA INFORM REPORT

 

 

Report Date :

11.08.2012

 

IDENTIFICATION DETAILS

 

Name :

JUMBO S.A.  

 

 

Formerly Known As :

Babyland Toys SA

 

 

Registered Office :

9 Kyprou & Idras, Moschato, Athina, 18346

 

 

Country :

Greece

 

 

Financials (as on) :

30.06.2011

 

 

Year of Establishment :

1986

 

 

Legal Form :

Public Independent Company

 

 

Line of Business :

Subject is engaged in the retail industry

 

 

No. of Employees :

3,326

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Good

Payment Behaviour :

Regular

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Greece

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company name & address 

 

Jumbo S.A. 

9 Kyprou & Idras, Moschato

Athina, 18346

Greece

Tel:       30-21-04805200

Fax:      30-21-04805212

Web:    www.jumbo.gr

           

 

Synthesis

 

Employees:                  3,326

Company Type:            Public Independent

Traded:                         Athens Stock Exchange:            BELA

Incorporation Date:         1986

Auditor:                        Grant Thornton LLP       

Financials in:                 USD (Millions)

Fiscal Year End:            30-Jun-2011

Reporting Currency:       Euro

Annual Sales:               666.9  1

Net Income:                  128.8

Total Assets:                1,152.9  2

Market Value:               475.6 (27-Jul-2012)

 

 

Business Description     

 

Jumbo SA is a Greece-based company that is engaged in the retail industry. The Company's main activity is the retail sale of toys, baby items, seasonal items, decoration items, books and stationery. Jumbo SA is also active in the wholesale trade of toys and similar products to third parties. As of July 2011, the Company’s network consisted of 45 stores in Greece, three stores in Cyprus and six stores in Bulgaria. The Company's main subsidiaries are Jumbo Trading Ltd, which is headquartered in Cyprus and is active in the retail trade of toys; Jumbo EC.B LTD, which is based in Bulgaria, and Jumbo EC.R SRL, which is based in Romania. The Company's indirect subsidiaries are Aspetto Ltd based in Cyprus and Westlook SRL based in Romania. For the nine months ended 31 of December 2011, Jumbo S.A.'s turnover increased 2% to EUR380.3M. Net profit for the period increased 6% to EUR67.9M. Turnover reflects increased demand for the Company's products. Net income for the period benefited from increased other income as well as decreased financial expenses. Net income also benefited from increased financial income as well as higher gross profit margin.

 

Industry             

Industry            Retail (Specialty)

ANZSIC 2006:    4243 - Toy and Game Retailing

NACE 2002:      5248 - Other retail sale in specialised stores

NAICS 2002:     45112 - Hobby, Toy, and Game Stores

UK SIC 2003:    52485 - Retail sale of sports goods, games and toys, stamps and coins

US SIC 1987:    5945 - Hobby, Toy, and Game Shops

Key Executives   

 

Name

Title

Evangelos-Apostolos Georgios Vakakis

Chairman of the Board, Chief Executive Officer

Kalliopi Emmanouil Vernadaki

Finance Director, Executive Director

Christina Hatzikyriakou

Commercial Director

Eleni Tsitsopoulou

I.T. Director

Theodora Daveta

Retail Group Funds Director

 

 

Significant Developments

 

Topic

#*

Most Recent Headline

Date

Positive Earnings Pre-Announcement

1

Jumbo S.A. Issues Earnings Guidance For FY 2010/2011 Above Analysts' Estimates

7-Sep-2011

Dividends

3

Jumbo SA Announces Capital Return To Shareholders

25-Jul-2012

 

 

 

* number of significant developments within the last 12 months,

 

 

Financial Summary

 

 

As of 31-Mar-2012

Key Ratios

Company

Industry

Current Ratio (MRQ)

3.68

2.11

Quick Ratio (MRQ)

1.97

0.61

Debt to Equity (MRQ)

0.27

0.58

Sales 5 Year Growth

11.74

9.32

Net Profit Margin (TTM) %

19.74

5.93

Return on Assets (TTM) %

12.20

8.25

Return on Equity (TTM) %

18.60

15.46

 

 

Stock Snapshot  

 

 

Traded: Athens Stock Exchange: BELA

 

As of 27-Jul-2012

   Financials in: EUR

Recent Price

2.98

 

EPS

0.73

52 Week High

4.77

 

Price/Sales

0.79

52 Week Low

2.34

 

Price/Earnings

4.84

Avg. Volume (mil)

0.15

 

Price/Book

0.74

Market Value (mil)

387.29

 

Beta

0.83

 

Price % Change

Rel S&P 500%

4 Week

-2.61%

1.52%

13 Week

-18.36%

-3.11%

52 Week

-37.12%

29.73%

Year to Date

-21.58%

-8.98%

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7347003

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6897265

 

 

Corporate Overview

 

Location

9 Kyprou & Idras, Moschato

Athina, 18346

Greece

Tel:       30-21-04805200

Fax:      30-21-04805212

Web:    www.jumbo.gr

           

Quote Symbol - Exchange

BELA - Athens Stock Exchange

Sales EUR(mil):             490.0

Assets EUR(mil):           795.2

Employees:                   3,326

Fiscal Year End:            30-Jun-2011

Industry:                        Retail (Specialty)

Incorporation Date:         1986

Company Type:             Public Independent

Quoted Status:              Quoted

Previous Name:             Babyland Toys SA

 

Chairman of the Board,

Chief Executive Officer:               Evangelos-Apostolos Georgios Vakakis

 

Industry Codes

 

ANZSIC 2006 Codes:

4279     -          Other Store-Based Retailing Not Elsewhere Classified

4243     -          Toy and Game Retailing

4244     -          Newspaper and Book Retailing

3736     -          Paper Product Wholesaling

3734     -          Toy and Sporting Goods Wholesaling

 

NACE 2002 Codes:

5247     -          Retail sale of books, newspapers and stationery

5147     -          Wholesale of other household goods

5248     -          Other retail sale in specialised stores

 

NAICS 2002 Codes:

45112   -          Hobby, Toy, and Game Stores

423920  -          Toy and Hobby Goods and Supplies Merchant Wholesalers

424120  -          Stationery and Office Supplies Merchant Wholesalers

453220  -          Gift, Novelty, and Souvenir Stores

451211  -          Book Stores

 

US SIC 1987:

5945     -          Hobby, Toy, and Game Shops

5092     -          Toys and Hobby Goods and Supplies

5942     -          Book Stores

5112     -          Stationery and Office Supplies

5947     -          Gift, Novelty, and Souvenir Shops

 

UK SIC 2003:

51477   -          Wholesale of toys and games

52485   -          Retail sale of sports goods, games and toys, stamps and coins

52489   -          Other retail sale in specialised stores not elsewhere classified

5247     -          Retail sale of books, newspapers and stationery

51479   -          Wholesale of other household goods not elsewhere classified

 

Business Description

Jumbo SA is a Greece-based company that is engaged in the retail industry. The Company's main activity is the retail sale of toys, baby items, seasonal items, decoration items, books and stationery. Jumbo SA is also active in the wholesale trade of toys and similar products to third parties. As of July 2011, the Company’s network consisted of 45 stores in Greece, three stores in Cyprus and six stores in Bulgaria. The Company's main subsidiaries are Jumbo Trading Ltd, which is headquartered in Cyprus and is active in the retail trade of toys; Jumbo EC.B LTD, which is based in Bulgaria, and Jumbo EC.R SRL, which is based in Romania. The Company's indirect subsidiaries are Aspetto Ltd based in Cyprus and Westlook SRL based in Romania. For the nine months ended 31 of December 2011, Jumbo S.A.'s turnover increased 2% to EUR380.3M. Net profit for the period increased 6% to EUR67.9M. Turnover reflects increased demand for the Company's products. Net income for the period benefited from increased other income as well as decreased financial expenses. Net income also benefited from increased financial income as well as higher gross profit margin.

 

More Business Descriptions

·         Manufacture, import and distribution of children's toys, prams, furniture, clothes, books and accessories

·         Toys & Stationery Items Retail Sales

·         Establishments primarily engaged in the retail sale of specialized lines of merchandise, not elsewhere classified, such as artists' supplies; orthopedic and artificial limbs; rubber stamps; pets; religious goods; and monuments and tombstones. This industry also includes establishments primarily engaged in selling a general line of their own or consigned merchandise at retail on an auction basis.

·         All Other Miscellaneous Store Retailers

 

Brand/Trade Names

Jumbo

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

490.0

Net Income:

94.6

Assets:

795.2

Long Term Debt:

153.8

 

Total Liabilities:

272.2

 

Working Capital:

0.1

 

 

 

Date of Financial Data:

30-Jun-2011

 

1 Year Growth

0.5%

19.4%

8.0%

Market Data

Quote Symbol:

BELA

Exchange:

Athens Stock Exchange

Currency:

EUR

Stock Price:

3.0

Stock Price Date:

07-27-2012

52 Week Price Change %:

-37.1

Market Value (mil):

387,288.4

 

SEDOL:

7243530

ISIN:

GRS282183003

 

Equity and Dept Distribution:

05/2006, Complex capital change (Factor: 1.2). 12/2008, Scrip Issue, 1 new share for every 1 share held.

 

Subsidiaries

Company

Percentage Owned

Country

Jumbo EC.B Ltd

100%

BULGARIA

Jumbo EC.R Srl

100%

ROMANIA

Jumbo Trading Ltd

100%

CYPRUS

Aspetto Ltd

100%

CYPRUS

Westlook Srl

100%

ROMANIA

 

 

 

Shareholders

 

 

Major Shareholders

Tanosirian SA (26.77%); Fidelity Low-Priced Stock Fund (7.89%); G22-HG22 Smallcap World Fund Inc (5.51%); JPMBLSA Re Franklin Templeton Investment Funds (5.38%)

 

 

 

Key Corporate Relationships

Auditor:

Grant Thornton LLP

 

Auditor:

Grant Thornton LLP, Grant Thornton

 

 

 

 

 

 

 

 

 

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Evangelos-Apostolos Georgios Vakakis

 

Chairman of the Board, Chief Executive Officer

Chairman

 

Biography:

Mr. Evangelos-Apostolos Georgios Vakakis has been Chairman of the Board of Directors and Chief Executive Officer of Jumbo SA since 2006. He has been in the Company's management team since 1994 and is responsible for the strategic development of Jumbo SA. He studied business administration and financial management at the University of Warwick, United Kingdom.

 

Ioannis Economou

 

Board Member

Vice-Chairman

 

 

Ioannis Christos Oikonomou

 

Executive Vice Chairman of the Board-Legal Advisor

Vice-Chairman

 

 

Biography:

Mr. Ioannis Christos Oikonomou is Executive Vice Chairman of the Board and Legal Advisor of Jumbo SA. He is a lawyer graduate of the Law School of the University of Athens. He has experience in the field of commercial and business law. He has been the Company legal consultant since 1995 as well as a member of the Board of Directors of Tanosirian SA which is the main shareholder of the Company.

 

Education:

University of Athens (Law)

 

Victor Michael Asser

 

Non-Executive Independent Director

Director/Board Member

 

 

Biography:

Mr. Victor Michael Asser is Non-Executive Independent Member of the Board of Jumbo SA since March 11, 2011. Mr. Asser holds a BSc degree in Industrial Engineering from Israel Institute of Technology and an MBA from the Recanati Business School, Tel Aviv University. He was a co-founder of Telesis Securities. After the merger of Telesis Investment Bank with Eurobank EFG in 2001, he was appointed CEO of Eurobank EFG Securities. In 2009 he founded VAL Advisors Investment Services SA.

 

Education:

Tel Aviv University, MBA 
Israel Institute of Technology, BS (Industrial Engineering)

 

Social: 

Georgios Spyridon Katsaros

 

Non-Executive Independent Director

Director/Board Member

 

 

Biography:

Mr. Georgios Spyridon Katsaros is Non-Executive Independent Director of Jumbo SA. Mr. Katsaros is a graduate of the Department of Economics of the Law School of the University of Athens. He also holds Masters degree in Industrial Economics from the University of Sussex and an MBA from INSEAD. His professional career is associated with the banking sector in Greece and abroad. Since 2003, he has been employed as a Management Consultant at EFG Eurobank Ergasias. He serves as an independent –non executive member of the listed company Sidma SA and is a member of the Board of Directors of Tanosirian SA which is the main shareholder of the Company.

 

Education:

INSEAD, MBA 
University of Sussex, M (Industrial Economics)
University of Athens (Economics)

 

Paraskevi Georgios Kavoura

 

Non-Executive Director

Director/Board Member

 

 

Biography:

Ms. Paraskevi Georgios Kavoura is Non-Executive Director at Jumbo SA. She is a graduate of the Law School of the Univeristy of Athens. She is a lawyer in the BAR of Athens and specializes in Civil and Commercial Law.

 

Education:

University of Athens (Law)

 

Evangelos Dimitrios Papaevangelou

 

Deputy Executive Vice Chairman of the Board

Director/Board Member

 

 

Biography:

Mr. Evangelos Dimitrios Papaevangelou is Deputy Executive Vice Chairman of the Board of Jumbo SA. Mr. Papaevangelou has experience in the industry and is the President of the Hellenic Toys Manufacturers and Traders Association. He holds a degree in Business Administration from the University of Piraeus. Mr. Papaevangelou has been the president of the Hellenic Toys Manufacturers and Traders Association since 1992. Since 2000, he has been a member of Tax Management Dispute Solution in the Tax Office of Moschato. Since 2006, he has been a Member of the Board of Directors of Commercial and Industrial Chamber of Athens. Since 2006, he has been a Member of the Board of Directors of Retail Business Association of Greece. Since 2008, he has been a non-executive member of Proton Bank.

 

Education:

University of Piraeus (Business Administration)

 

Dimitrios Skaleos

 

Non-Executive Director

Director/Board Member

 

 

Kalliopi Emmanouil Vernadaki

 

Finance Director, Executive Director

Director/Board Member

 

 

Biography:

Ms. Kalliopi Emmanouil Vernadaki is Finance Director and Executive Director of Jumbo SA since 2009. Ms. Vernadaki is a graduate of Athens University of Economics and Business and she has been employed with the Company since its establishment in 1986. She is a member of the Board of Directors of Tanosirian SA which is the main shareholder of the Company.

 

Education:

Athens University of Economics and Business

 

 

Executives

 

Name

Title

Function

 

Evangelos-Apostolos Georgios Vakakis

 

Chairman of the Board, Chief Executive Officer

Chief Executive Officer

 

Biography:

Mr. Evangelos-Apostolos Georgios Vakakis has been Chairman of the Board of Directors and Chief Executive Officer of Jumbo SA since 2006. He has been in the Company's management team since 1994 and is responsible for the strategic development of Jumbo SA. He studied business administration and financial management at the University of Warwick, United Kingdom.

 

Theodora Daveta

 

Retail Group Funds Director

Division Head Executive

 

 

Kalliopi Emmanouil Vernadaki

 

Finance Director, Executive Director

Finance Executive

 

 

Biography:

Ms. Kalliopi Emmanouil Vernadaki is Finance Director and Executive Director of Jumbo SA since 2009. Ms. Vernadaki is a graduate of Athens University of Economics and Business and she has been employed with the Company since its establishment in 1986. She is a member of the Board of Directors of Tanosirian SA which is the main shareholder of the Company.

 

Education:

Athens University of Economics and Business

 

Konstantina Demiri

 

Head of Accounting Department

Accounting Executive

 

 

Ioanna Terzaki

 

Head of Internal Audit Department

Accounting Executive

 

 

Panagiotis Konstantinos Xiros

 

Head of the Accounting Department

Accounting Executive

 

 

Sofia Tsitsopoulou

 

Head of Payroll Dept

Benefits & Compensation Executive

 

 

Christina Hatzikyriakou

 

Commercial Director

Sales Executive

 

 

Annamaria Hadziathanasiou

 

Marketing Manager

Marketing Executive

 

 

Amalia Karamitsoli

 

Head of Investor Relations Department

Investor Relations Executive

 

 

Social: 

Eleni Tsitsopoulou

 

I.T. Director

Information Executive

 

 

Eleni Kritikou

 

Head of Replenishment Department

Other

 

 

Marios Petridis

 

Head of Regional Store Managers

Other

 

 

 

 

Significant Developments

 

Jumbo SA Announces Capital Return To Shareholders Jul 25, 2012

 

Jumbo SA announced a capital return of EUR 0.21 per share to its shareholders. The ex-dividend date is September 7, 2012 and the record date is September 11, 2012. The payment date is September 17, 2012.

 

Jumbo SA Announces Capital Return To Shareholders; Share Buyback Program Nov 03, 2011

 

Jumbo SA announced that the General Assembly held on November 3, 2011, approved the capital return of EUR 0.21 per share to the shareholders. The record date is December 28, 2011 and the ex-dividend date is December 23, 2011. Furthermore, the Company will acquire up to 5% of its share capital. The lowest price of purchase will be EUR 2.00 and the highest price will be EUR 6.50 per share. The share buyback program will expire 24 months after the date set by the Board of Directors.

 

Jumbo SA Announces No Dividend For FY 2010/2011 Oct 11, 2011

 

Jumbo SA announced that its Board of Directors will propose no dividend payment for the financial year July 1, 2010 until June 30, 2011, at the Annual General Meeting of the shareholders which will be held on November 3, 2011.

 

Jumbo S.A. Issues Earnings Guidance For FY 2010/2011 Above Analysts' Estimates Sep 07, 2011

 

Jumbo S.A. announced that the earnings for the financial year 2010/2011 are expected to exceed market estimates. According to I/B/E/S Estimates analysts are expecting pre-tax earnings at EUR 111,700,000. In June it was confirmed the management's provision that the positive trend in sales in May will continue and as a result sales for the fiscal year 2010/2011 ended up higher by 0.54% y-o-y. The Company also announced the opening of two new stores in Bulgaria during the second half of the financial year 2011/2012. One owned store in Russe of total surface 12,000 square meters and one more owned store in Sofia of total surface 12,000 square meters.

 

 

Annual Income Statement

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

30-Jun-2011

30-Jun-2010

30-Jun-2009

30-Jun-2008

30-Jun-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
30-Jun-2011

Updated Normal 
30-Jun-2010

Updated Normal 
30-Jun-2009

Updated Normal 
30-Jun-2008

Updated Normal 
30-Jun-2007

Filed Currency

EUR

EUR

EUR

EUR

EUR

Exchange Rate (Period Average)

0.7347

0.721483

0.731067

0.681859

0.766423

Auditor

Grant Thornton LLP

Grant Thornton LLP

Grant Thornton International

Grant Thornton International

Grant Thornton International

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Net Sales

666.9

675.5

639.9

592.4

447.1

Revenue

666.9

675.5

639.9

592.4

447.1

Total Revenue

666.9

675.5

639.9

592.4

447.1

 

 

 

 

 

 

    Cost of Revenue

312.0

310.1

292.1

269.9

209.1

Cost of Revenue, Total

312.0

310.1

292.1

269.9

209.1

Gross Profit

354.9

365.3

347.8

322.5

238.0

 

 

 

 

 

 

    Selling/General/Administrative Expense

168.9

163.1

170.5

153.9

112.5

Total Selling/General/Administrative Expenses

168.9

163.1

170.5

153.9

112.5

    Depreciation

20.8

17.9

-

-

-

Depreciation/Amortization

20.8

17.9

-

-

-

    Other Operating Expense

5.8

5.5

5.9

5.7

3.3

    Other, Net

-3.8

-3.8

-3.9

-7.4

-4.0

Other Operating Expenses, Total

2.0

1.7

2.0

-1.7

-0.7

Total Operating Expense

503.8

492.8

464.6

422.2

320.9

 

 

 

 

 

 

Operating Income

163.1

182.7

175.3

170.3

126.2

 

 

 

 

 

 

        Interest Expense - Non-Operating

-7.8

-8.7

-10.2

-10.1

-9.0

    Interest Expense, Net Non-Operating

-7.8

-8.7

-10.2

-10.1

-9.0

        Interest Income - Non-Operating

10.2

6.4

3.9

2.3

2.6

    Interest/Investment Income - Non-Operating

10.2

6.4

3.9

2.3

2.6

Interest Income (Expense) - Net Non-Operating Total

2.4

-2.2

-6.4

-7.9

-6.4

    Other Non-Operating Income (Expense)

-0.4

-0.6

-0.3

-

-

Other, Net

-0.4

-0.6

-0.3

-

-

Income Before Tax

165.1

179.8

168.6

162.4

119.8

 

 

 

 

 

 

Total Income Tax

36.3

70.0

37.7

41.4

31.2

Income After Tax

128.8

109.8

131.0

121.0

88.6

 

 

 

 

 

 

    Minority Interest

0.0

0.0

0.0

0.0

0.0

Net Income Before Extraord Items

128.8

109.8

131.0

121.0

88.6

Net Income

128.8

109.8

131.0

121.0

88.6

 

 

 

 

 

 

Income Available to Common Excl Extraord Items

128.8

109.8

131.0

121.0

88.6

 

 

 

 

 

 

Income Available to Common Incl Extraord Items

128.8

109.8

131.0

121.0

88.6

 

 

 

 

 

 

Basic/Primary Weighted Average Shares

129.9

128.2

121.2

121.2

121.2

Basic EPS Excl Extraord Items

0.99

0.86

1.08

1.00

0.73

Basic/Primary EPS Incl Extraord Items

0.99

0.86

1.08

1.00

0.73

Dilution Adjustment

0.1

0.7

2.8

2.5

1.7

Diluted Net Income

128.9

110.5

133.8

123.5

90.3

Diluted Weighted Average Shares

130.1

130.1

130.1

130.1

130.1

Diluted EPS Excl Extraord Items

0.99

0.85

1.03

0.95

0.69

Diluted EPS Incl Extraord Items

0.99

0.85

1.03

0.95

0.69

Dividends per Share - Common Stock Primary Issue

-

0.26

0.31

0.29

0.21

Gross Dividends - Common Stock

-

34.0

38.1

35.6

25.3

Interest Expense, Supplemental

7.8

8.7

10.2

10.1

9.0

Depreciation, Supplemental

20.3

17.4

15.1

13.8

11.0

Total Special Items

0.0

0.0

-

-

-

Normalized Income Before Tax

165.1

179.8

168.6

162.4

119.8

 

 

 

 

 

 

Effect of Special Items on Income Taxes

0.0

0.0

-

-

-

Inc Tax Ex Impact of Sp Items

36.3

70.0

37.7

41.4

31.2

Normalized Income After Tax

128.8

109.8

131.0

121.0

88.6

 

 

 

 

 

 

Normalized Inc. Avail to Com.

128.8

109.8

131.0

121.0

88.6

 

 

 

 

 

 

Basic Normalized EPS

0.99

0.86

1.08

1.00

0.73

Diluted Normalized EPS

0.99

0.85

1.03

0.95

0.69

Rental Expenses

15.1

15.0

14.3

13.9

13.2

Advertising Expense, Supplemental

9.9

10.9

12.1

12.2

6.7

Reported Gross Profit

354.9

-

-

-

-

Normalized EBIT

163.2

182.7

175.3

170.3

126.2

Normalized EBITDA

183.4

200.0

190.4

184.0

137.2

    Current Tax - Other

35.6

40.2

38.9

37.7

31.3

Current Tax - Total

35.6

40.2

38.9

37.7

31.3

    Deferred Tax - Other

0.7

1.0

-1.5

1.3

-0.6

Deferred Tax - Total

0.7

1.0

-1.5

1.3

-0.6

    Other Tax

0.0

28.9

0.2

2.4

0.5

Income Tax - Total

36.3

70.0

37.7

41.4

31.2

Interest Cost - Domestic

0.2

0.2

0.2

0.1

0.1

Service Cost - Domestic

0.8

0.6

0.5

0.4

0.3

Prior Service Cost - Domestic

0.0

0.0

-

-

-

Actuarial Gains and Losses - Domestic

0.1

0.0

0.0

0.0

0.0

Curtailments & Settlements - Domestic

0.6

0.5

0.3

0.3

0.4

Other Pension, Net - Domestic

0.0

0.0

0.0

0.0

0.0

Domestic Pension Plan Expense

1.7

1.4

1.0

0.9

0.9

Total Pension Expense

1.7

1.4

1.0

0.9

0.9

Discount Rate - Domestic

4.91%

4.36%

5.52%

5.30%

4.50%

Compensation Rate - Domestic

2.50%

3.50%

3.50%

3.50%

3.50%

Total Plan Interest Cost

0.2

0.2

0.2

0.1

0.1

Total Plan Service Cost

0.8

0.6

0.5

0.4

0.3

Total Plan Other Expense

0.0

0.0

0.0

0.0

0.0

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

30-Jun-2011

30-Jun-2010

30-Jun-2009

30-Jun-2008

30-Jun-2007

UpdateType/Date

Updated Normal 
30-Jun-2011

Updated Normal 
30-Jun-2010

Updated Normal 
30-Jun-2009

Updated Normal 
30-Jun-2008

Updated Normal 
30-Jun-2007

Filed Currency

EUR

EUR

EUR

EUR

EUR

Exchange Rate

0.689727

0.816393

0.712936

0.634699

0.740439

Auditor

Grant Thornton LLP

Grant Thornton LLP

Grant Thornton International

Grant Thornton International

Grant Thornton International

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Cash & Equivalents

229.2

172.8

153.8

48.0

70.3

Cash and Short Term Investments

229.2

172.8

153.8

48.0

70.3

        Accounts Receivable - Trade, Gross

-

-

30.5

51.1

26.1

        Provision for Doubtful Accounts

-

-

-0.1

-0.1

-0.1

    Trade Accounts Receivable - Net

40.6

26.9

30.4

51.0

26.0

    Other Receivables

44.1

51.1

62.0

67.3

46.7

Total Receivables, Net

84.7

78.1

92.4

118.3

72.7

    Inventories - Finished Goods

252.9

216.1

268.2

261.0

164.4

Total Inventory

252.9

216.1

268.2

261.0

164.4

    Other Current Assets

6.8

7.1

7.8

7.2

4.2

Other Current Assets, Total

6.8

7.1

7.8

7.2

4.2

Total Current Assets

573.7

474.1

522.2

434.5

311.7

 

 

 

 

 

 

        Buildings

391.6

256.8

249.5

223.2

165.9

        Land/Improvements

162.5

134.8

135.1

121.3

71.6

        Machinery/Equipment

102.7

73.8

73.8

71.4

56.6

        Construction in Progress

3.0

25.0

7.1

23.5

14.4

        Leases

14.2

11.9

13.1

13.6

11.7

        Other Property/Plant/Equipment

3.2

2.4

2.6

2.7

2.2

    Property/Plant/Equipment - Gross

677.3

504.8

481.1

455.9

322.4

    Accumulated Depreciation

-128.6

-90.5

-88.1

-81.9

-59.4

Property/Plant/Equipment - Net

548.7

414.3

393.0

374.0

263.0

    LT Investment - Affiliate Companies

0.0

-

-

-

-

    LT Investments - Other

11.0

9.8

11.7

13.8

12.3

Long Term Investments

11.0

9.8

11.7

13.8

12.3

    Other Long Term Assets

19.6

3.5

4.2

4.6

3.7

Other Long Term Assets, Total

19.6

3.5

4.2

4.6

3.7

Total Assets

1,152.9

901.6

931.2

826.9

590.7

 

 

 

 

 

 

Accounts Payable

32.7

17.7

13.5

17.7

11.8

Notes Payable/Short Term Debt

49.4

43.0

78.7

85.2

54.9

Current Portion - Long Term Debt/Capital Leases

2.7

2.3

4.3

67.0

30.2

    Customer Advances

2.3

0.8

1.0

0.9

0.8

    Income Taxes Payable

46.7

57.7

51.5

44.9

38.6

    Other Current Liabilities

24.9

25.3

22.0

33.0

18.6

Other Current liabilities, Total

73.9

83.8

74.6

78.8

58.0

Total Current Liabilities

158.6

146.8

171.0

248.8

155.0

 

 

 

 

 

 

    Long Term Debt

215.3

183.4

248.2

112.1

122.7

    Capital Lease Obligations

7.7

7.3

5.6

7.9

7.0

Total Long Term Debt

223.0

190.7

253.7

120.0

129.6

Total Debt

275.1

235.9

336.7

272.3

214.8

 

 

 

 

 

 

    Deferred Income Tax - LT Liability

7.8

6.0

4.2

6.5

4.4

Deferred Income Tax

7.8

6.0

4.2

6.5

4.4

Minority Interest

0.0

-

-

-

-

    Pension Benefits - Underfunded

5.2

3.6

3.3

3.1

2.2

    Other Long Term Liabilities

0.0

0.4

0.0

0.0

0.0

Other Liabilities, Total

5.2

4.0

3.3

3.1

2.2

Total Liabilities

394.7

347.4

432.3

378.4

291.2

 

 

 

 

 

 

    Common Stock

263.8

222.7

238.1

133.7

114.6

Common Stock

263.8

222.7

238.1

133.7

114.6

Additional Paid-In Capital

59.8

50.2

10.6

12.1

10.4

Retained Earnings (Accumulated Deficit)

435.8

282.4

251.3

303.4

174.8

    Translation Adjustment

-1.2

-1.1

-1.1

-0.7

-0.3

Other Equity, Total

-1.2

-1.1

-1.1

-0.7

-0.3

Total Equity

758.2

554.2

498.9

448.4

299.5

 

 

 

 

 

 

Total Liabilities & Shareholders’ Equity

1,152.9

901.6

931.2

826.9

590.7

 

 

 

 

 

 

    Shares Outstanding - Common Stock Primary Issue

129.9

129.9

121.2

121.2

121.2

Total Common Shares Outstanding

129.9

129.9

121.2

121.2

121.2

Employees

3,457

3,190

2,972

2,517

2,044

Deferred Revenue - Current

2.3

0.8

1.0

0.9

0.8

Total Long Term Debt, Supplemental

218.8

186.3

254.4

245.4

182.0

Long Term Debt Maturing within 1 Year

1.7

1.5

4.3

67.0

30.2

Long Term Debt Maturing in Year 2

3.5

4.8

70.7

68.3

85.8

Long Term Debt Maturing in Year 3

71.2

60.0

59.8

1.6

1.0

Long Term Debt Maturing in Year 4

71.2

60.0

59.8

1.6

1.0

Long Term Debt Maturing in Year 5

71.2

60.0

59.8

1.6

1.0

Long Term Debt Maturing in 2-3 Years

74.7

64.8

130.5

70.0

86.9

Long Term Debt Maturing in 4-5 Years

142.4

120.0

119.6

3.2

2.1

Long Term Debt Matur. in Year 6 & Beyond

0.0

0.0

0.0

105.2

62.9

Total Capital Leases, Supplemental

8.7

8.1

7.9

8.7

8.1

Capital Lease Payments Due in Year 1

1.0

0.8

2.3

0.7

1.1

Capital Lease Payments Due in Year 2

1.3

1.3

0.6

1.0

1.4

Capital Lease Payments Due in Year 3

1.3

1.3

0.6

1.0

1.4

Capital Lease Payments Due in Year 4

1.3

1.3

0.6

1.0

1.4

Capital Lease Payments Due in Year 5

1.3

1.3

0.6

1.0

1.4

Capital Lease Payments Due in 2-3 Years

2.7

2.5

1.3

1.9

2.9

Capital Lease Payments Due in 4-5 Years

2.7

2.5

1.3

1.9

2.9

Cap. Lease Pymts. Due in Year 6 & Beyond

2.3

2.2

3.0

4.1

1.2

Total Operating Leases, Supplemental

197.3

124.9

141.1

179.5

137.5

Operating Lease Payments Due in Year 1

14.8

11.5

12.9

13.5

9.4

Operating Lease Payments Due in Year 2

17.2

12.4

14.2

16.0

11.6

Operating Lease Payments Due in Year 3

17.2

12.4

14.2

16.0

11.6

Operating Lease Payments Due in Year 4

17.2

12.4

14.2

16.0

11.6

Operating Lease Payments Due in Year 5

17.2

12.4

14.2

16.0

11.6

Operating Lease Pymts. Due in 2-3 Years

34.4

24.8

28.4

32.0

23.3

Operating Lease Pymts. Due in 4-5 Years

34.4

24.8

28.4

32.0

23.3

Oper. Lse. Pymts. Due in Year 6 & Beyond

113.6

63.9

71.4

102.0

81.5

Pension Obligation - Domestic

5.2

3.6

3.3

3.1

2.2

Funded Status - Domestic

-5.2

-3.6

-3.3

-3.1

-2.2

Unfunded Plan Obligations

4.7

5.2

4.2

3.7

2.6

Total Funded Status

-9.9

-8.7

-7.5

-6.7

-4.7

Discount Rate - Domestic

4.91%

4.36%

5.52%

5.30%

4.50%

Compensation Rate - Domestic

2.50%

3.50%

3.50%

3.50%

3.50%

Total Plan Obligations

9.9

8.7

7.5

6.7

4.7

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

30-Jun-2011

30-Jun-2010

30-Jun-2009

30-Jun-2008

30-Jun-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
30-Jun-2011

Updated Normal 
30-Jun-2010

Updated Normal 
30-Jun-2009

Updated Normal 
30-Jun-2008

Updated Normal 
30-Jun-2007

Filed Currency

EUR

EUR

EUR

EUR

EUR

Exchange Rate (Period Average)

0.7347

0.721483

0.731067

0.681859

0.766423

Auditor

Grant Thornton LLP

Grant Thornton LLP

Grant Thornton International

Grant Thornton International

Grant Thornton International

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

Net Income/Starting Line

128.8

109.8

131.0

121.0

88.6

    Depreciation

20.8

17.9

15.6

14.3

11.5

Depreciation/Depletion

20.8

17.9

15.6

14.3

11.5

    Unusual Items

0.0

0.0

0.0

-0.3

0.2

    Other Non-Cash Items

-10.4

3.3

7.3

8.4

7.1

Non-Cash Items

-10.4

3.3

7.4

8.1

7.3

    Accounts Receivable

6.7

3.1

4.1

-19.2

-6.5

    Inventories

2.7

20.5

-35.0

-64.4

-27.5

    Other Assets

-3.7

-0.5

-2.2

-2.1

-2.2

    Taxes Payable

36.3

70.0

37.7

41.4

31.2

    Other Liabilities

6.0

-18.3

3.1

32.7

18.2

    Other Operating Cash Flow

-61.4

-61.7

-44.9

-48.1

-34.4

Changes in Working Capital

-13.4

13.0

-37.1

-59.7

-21.2

Cash from Operating Activities

125.8

144.1

116.9

83.7

86.2

 

 

 

 

 

 

    Purchase of Fixed Assets

-77.1

-90.9

-65.0

-88.1

-54.1

Capital Expenditures

-77.1

-90.9

-65.0

-88.1

-54.1

    Acquisition of Business

0.0

0.0

-

0.0

-6.0

    Sale of Fixed Assets

0.4

0.2

0.1

1.6

0.0

    Other Investing Cash Flow

9.8

6.0

3.6

2.1

2.2

Other Investing Cash Flow Items, Total

10.2

6.2

3.7

3.7

-3.8

Cash from Investing Activities

-66.9

-84.6

-61.3

-84.4

-57.9

 

 

 

 

 

 

    Cash Dividends Paid - Common

-33.4

-38.6

-33.3

-28.4

-18.2

Total Cash Dividends Paid

-33.4

-38.6

-33.3

-28.4

-18.2

        Sale/Issuance of Common

0.5

64.7

-0.2

-

0.0

    Common Stock, Net

0.5

64.7

-0.2

-

0.0

Issuance (Retirement) of Stock, Net

0.5

64.7

-0.2

-

0.0

        Long Term Debt Issued

0.0

27.7

143.6

29.3

54.2

        Long Term Debt Reduction

-2.8

-69.6

-57.3

-31.8

-24.7

    Long Term Debt, Net

-2.8

-41.9

86.4

-2.4

29.5

Issuance (Retirement) of Debt, Net

-2.8

-41.9

86.4

-2.4

29.5

Cash from Financing Activities

-35.8

-15.8

52.8

-30.9

11.3

 

 

 

 

 

 

Foreign Exchange Effects

0.0

-0.2

0.0

-0.1

-0.2

Net Change in Cash

23.2

43.5

108.3

-31.7

39.5

 

 

 

 

 

 

Net Cash - Beginning Balance

192.0

152.0

41.7

76.4

28.5

Net Cash - Ending Balance

215.2

195.5

150.0

44.7

68.0

Cash Interest Paid

7.7

7.4

7.7

7.0

3.8

Cash Taxes Paid

53.7

54.3

37.2

41.1

30.6

 

 

 

Annual Income Statement

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

30-Jun-2011

30-Jun-2010

30-Jun-2009

30-Jun-2008

30-Jun-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
30-Jun-2011

Updated Normal 
30-Jun-2010

Updated Normal 
30-Jun-2009

Updated Normal 
30-Jun-2008

Updated Normal 
30-Jun-2007

Filed Currency

EUR

EUR

EUR

EUR

EUR

Exchange Rate (Period Average)

0.7347

0.721483

0.731067

0.681859

0.766423

Auditor

Grant Thornton LLP

Grant Thornton LLP

Grant Thornton International

Grant Thornton International

Grant Thornton International

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Turnover

666.9

675.5

639.9

592.4

447.1

Total Revenue

666.9

675.5

639.9

592.4

447.1

 

 

 

 

 

 

    Cost of Sales

312.0

310.1

292.1

269.9

209.1

    Other Oper. Income

-3.8

-3.8

-3.9

-7.4

-4.0

    Distribution

144.4

140.6

148.7

133.3

97.0

    Admin. Expenses

24.6

22.5

21.8

20.6

15.5

    Other Operating Expenses

5.8

5.5

5.9

5.7

3.3

    Depreciation

20.8

17.9

-

-

-

Total Operating Expense

503.8

492.8

464.6

422.2

320.9

 

 

 

 

 

 

    Interest Income

10.2

6.4

3.9

2.3

2.6

    Other Financial Cost

-0.4

-0.6

-0.3

-

-

    Interest Expenses

-7.8

-8.7

-10.2

-10.1

-9.0

Net Income Before Taxes

165.1

179.8

168.6

162.4

119.8

 

 

 

 

 

 

Provision for Income Taxes

36.3

70.0

37.7

41.4

31.2

Net Income After Taxes

128.8

109.8

131.0

121.0

88.6

 

 

 

 

 

 

    Non controlling Interests Basic earning

0.0

0.0

0.0

0.0

0.0

Net Income Before Extra. Items

128.8

109.8

131.0

121.0

88.6

Net Income

128.8

109.8

131.0

121.0

88.6

 

 

 

 

 

 

Income Available to Com Excl ExtraOrd

128.8

109.8

131.0

121.0

88.6

 

 

 

 

 

 

Income Available to Com Incl ExtraOrd

128.8

109.8

131.0

121.0

88.6

 

 

 

 

 

 

Basic Weighted Average Shares

129.9

128.2

121.2

121.2

121.2

Basic EPS Excluding ExtraOrdinary Items

0.99

0.86

1.08

1.00

0.73

Basic EPS Including ExtraOrdinary Items

0.99

0.86

1.08

1.00

0.73

Dilution Adjustment

0.1

0.7

2.8

2.5

1.7

Diluted Net Income

128.9

110.5

133.8

123.5

90.3

Diluted Weighted Average Shares

130.1

130.1

130.1

130.1

130.1

Diluted EPS Excluding ExtraOrd Items

0.99

0.85

1.03

0.95

0.69

Diluted EPS Including ExtraOrd Items

0.99

0.85

1.03

0.95

0.69

DPS-Common Stock

-

0.26

0.31

0.29

0.21

Gross Dividends - Common Stock

-

34.0

38.1

35.6

25.3

Normalized Income Before Taxes

165.1

179.8

168.6

162.4

119.8

 

 

 

 

 

 

Inc Tax Ex Impact of Sp Items

36.3

70.0

37.7

41.4

31.2

Normalized Income After Taxes

128.8

109.8

131.0

121.0

88.6

 

 

 

 

 

 

Normalized Inc. Avail to Com.

128.8

109.8

131.0

121.0

88.6

 

 

 

 

 

 

Basic Normalized EPS

0.99

0.86

1.08

1.00

0.73

Diluted Normalized EPS

0.99

0.85

1.03

0.95

0.69

Interest Expense

7.8

8.7

10.2

10.1

9.0

Depreciation

20.3

17.4

15.1

13.8

11.0

Advertising Expenses

9.9

10.9

12.1

12.2

6.7

Rental Expenses

15.1

15.0

14.3

13.9

13.2

    Current Tax

35.6

40.2

38.9

37.7

31.3

Current Tax - Total

35.6

40.2

38.9

37.7

31.3

    Deferred Tax

1.1

1.0

-1.5

1.3

-0.6

    Adjustment of Deferred Taxes

-0.4

-

-

-

-

Deferred Tax - Total

0.7

1.0

-1.5

1.3

-0.6

    Tax Differences/ Previous Periods

0.0

0.1

0.2

2.4

0.5

    Extraordinary Tax

0.0

28.7

-

-

-

Income Tax - Total

36.3

70.0

37.7

41.4

31.2

Gross profit

354.9

-

-

-

-

Current Service Cost

0.8

0.6

0.5

0.4

0.3

Interest Cost

0.2

0.2

0.2

0.1

0.1

Actuarial Gains/Losses

0.1

0.0

0.0

0.0

0.0

Prior Service Cost

0.0

0.0

-

-

-

Additional Cost

0.6

0.5

0.3

0.3

0.4

Other Pension Income/Expense

0.0

0.0

0.0

0.0

0.0

Domestic Pension Plan Expense

1.7

1.4

1.0

0.9

0.9

Total Pension Expense

1.7

1.4

1.0

0.9

0.9

Discount Rate

4.91%

4.36%

5.52%

5.30%

4.50%

Increase in Salaries

2.50%

3.50%

3.50%

3.50%

3.50%

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

30-Jun-2011

30-Jun-2010

30-Jun-2009

30-Jun-2008

30-Jun-2007

UpdateType/Date

Updated Normal 
30-Jun-2011

Updated Normal 
30-Jun-2010

Updated Normal 
30-Jun-2009

Updated Normal 
30-Jun-2008

Updated Normal 
30-Jun-2007

Filed Currency

EUR

EUR

EUR

EUR

EUR

Exchange Rate

0.689727

0.816393

0.712936

0.634699

0.740439

Auditor

Grant Thornton LLP

Grant Thornton LLP

Grant Thornton International

Grant Thornton International

Grant Thornton International

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Merchandise

252.9

216.1

268.2

261.0

164.4

    Customers

40.6

26.9

-

-

-

    Customers, Gross

-

-

30.5

51.1

26.1

    Provisions for Doubtfull Accounts

-

-

-0.1

-0.1

-0.1

    Sundry Debtors

44.1

51.1

62.0

67.3

46.7

    Other Current Assets

6.8

7.1

7.8

7.2

4.2

    Cash & Equivalents

229.2

172.8

153.8

48.0

70.3

Total Current Assets

573.7

474.1

522.2

434.5

311.7

 

 

 

 

 

 

    Land

162.5

134.8

135.1

121.3

71.6

    Buildings

391.6

256.8

249.5

223.2

165.9

    Transportation

2.3

2.0

0.8

0.8

0.9

    Machinery

100.4

71.9

73.0

70.6

55.7

    Software

3.2

2.4

2.6

2.7

2.2

    Construction

3.0

25.0

7.1

23.5

14.4

    Buildings/Leases

9.0

7.6

8.7

9.8

8.4

    Transportation/Leases

5.2

4.3

4.3

3.8

3.3

    Depreciation

-128.6

-90.5

-88.1

-81.9

-59.4

    Investments in subsidiaries

0.0

-

-

-

-

    Investments in Real Estates

11.0

9.8

11.7

13.8

12.3

    Other LT Rcvbls

19.6

3.5

4.2

4.6

3.7

Total Assets

1,152.9

901.6

931.2

826.9

590.7

 

 

 

 

 

 

    Provisions

0.2

0.2

0.8

0.6

0.2

    Suppliers

32.7

17.7

13.5

17.7

11.8

    Notes Payable

3.4

1.4

2.0

4.1

2.4

    Cheques Payable

46.0

41.6

76.7

81.2

52.6

    Cust. Advances

2.3

0.8

1.0

0.9

0.8

    Tax-Duties

46.7

57.7

51.5

44.9

38.6

    Short-term loan liabilities Long term l

0.0

0.0

0.0

0.0

0.0

    Cur.Por.LT Liabs

2.7

2.3

4.3

67.0

30.2

    Other ST Liabilities

24.6

25.1

21.3

32.5

18.4

Total Current Liabilities

158.6

146.8

171.0

248.8

155.0

 

 

 

 

 

 

    Bonds

1.8

1.9

67.3

71.8

58.5

    Bond Loan non Convertible

210.9

178.0

175.1

31.6

-

    Bank Loans

-

-

-

0.0

55.0

    Other Bank Loans

2.7

3.5

5.7

8.7

9.1

    Leases

7.7

7.3

5.6

7.9

7.0

Total Long Term Debt

223.0

190.7

253.7

120.0

129.6

 

 

 

 

 

 

    Indemnity Provisions

5.2

3.6

3.3

3.1

2.2

    Non controlling Interests

0.0

-

-

-

-

    Other Long-term Liabilities

0.0

0.4

0.0

0.0

0.0

    Deferred Tax Liabilities

7.8

6.0

4.2

6.5

4.4

Total Liabilities

394.7

347.4

432.3

378.4

291.2

 

 

 

 

 

 

    Share Capital

263.8

222.7

238.1

133.7

114.6

    Share Premium

59.8

50.2

10.6

12.1

10.4

    Reserves

190.3

105.4

38.5

104.4

50.3

    Retain .Earnings

245.5

177.0

212.8

198.9

124.5

    Forex Adjust.

-1.2

-1.1

-1.1

-0.7

-0.3

Total Equity

758.2

554.2

498.9

448.4

299.5

 

 

 

 

 

 

Total Liabilities & Shareholders' Equity

1,152.9

901.6

931.2

826.9

590.7

 

 

 

 

 

 

    S/O-Common Stock

129.9

129.9

121.2

121.2

121.2

Total Common Shares Outstanding

129.9

129.9

121.2

121.2

121.2

Deferred Revenue - Current

2.3

0.8

1.0

0.9

0.8

Full-Time Employees

3,457

3,190

2,972

2,517

2,044

LT Debt Repayment 1 Year

1.7

1.5

4.3

67.0

30.2

LT Loans Maturing in 1-2 Yrs

3.5

4.8

70.7

68.3

85.8

LT Loans Maturing in 2-5 Yrs

213.5

180.1

179.4

4.9

3.1

LT Loans Maturing after 5 Yrs

0.0

0.0

0.0

105.2

62.9

Total Long Term Debt, Supplemental

218.8

186.3

254.4

245.4

182.0

Capital Leases Maturing in < 1 Yr

1.0

0.8

2.3

0.7

1.1

Capital Leases Maturing in 1-5 Yrs

5.4

5.0

2.5

3.8

5.8

Capital Leases Maturing after 5 Yrs

2.3

2.2

3.0

4.1

1.2

Total Capital Leases

8.7

8.1

7.9

8.7

8.1

Operating Leases Maturing < 1 Yr

14.8

11.5

12.9

13.5

9.4

Operating Leases Maturing 1-2 Yrs

68.8

49.5

56.7

63.9

46.6

Operating Leases Maturing after 5 Yrs

113.6

63.9

71.4

102.0

81.5

Total Operating Leases

197.3

124.9

141.1

179.5

137.5

Unfunded Plan Obligations

4.7

5.2

4.2

3.7

2.6

Pension Obligations

5.2

3.6

3.3

3.1

2.2

Funded Status

-5.2

-3.6

-3.3

-3.1

-2.2

Total Funded Status

-9.9

-8.7

-7.5

-6.7

-4.7

Discount Rate

4.91%

4.36%

5.52%

5.30%

4.50%

Increase in Salaries

2.50%

3.50%

3.50%

3.50%

3.50%

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

30-Jun-2011

30-Jun-2010

30-Jun-2009

30-Jun-2008

30-Jun-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
30-Jun-2011

Updated Normal 
30-Jun-2010

Updated Normal 
30-Jun-2009

Updated Normal 
30-Jun-2008

Updated Normal 
30-Jun-2007

Filed Currency

EUR

EUR

EUR

EUR

EUR

Exchange Rate (Period Average)

0.7347

0.721483

0.731067

0.681859

0.766423

Auditor

Grant Thornton LLP

Grant Thornton LLP

Grant Thornton International

Grant Thornton International

Grant Thornton International

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

Net Income

128.8

109.8

131.0

121.0

88.6

    Depreciation

20.8

17.9

15.6

14.3

11.5

    Taxes

36.3

70.0

37.7

41.4

31.2

    Indemnity Provisions

0.9

0.7

0.6

0.5

0.4

    Other Provisions

0.0

-0.5

0.2

0.3

0.3

    Sales of Tangible Assets

0.0

0.0

0.0

-0.3

0.2

    Interests and Related Income

-10.2

-6.4

-3.9

-2.3

-2.6

    Interests and Related Expenses

8.3

9.3

10.6

10.2

9.0

    Other FOREX Differences

0.0

0.0

0.0

0.0

-0.1

    Increase/Decrease in Stock

2.7

20.5

-35.0

-64.4

-27.5

    Reduction in Debtors

6.7

3.1

4.1

-19.2

-6.5

    Increase in Transitory Accts.-Assets

-3.7

-0.5

-2.2

-2.1

-2.2

    Decrease in Current liabilities

6.0

-18.3

3.1

32.7

18.2

    Others

-9.3

0.2

-0.2

-0.2

0.2

    Interest payable

-7.7

-7.4

-7.7

-7.0

-3.8

    Income tax payable Net cash flows from

-53.7

-54.3

-37.2

-41.1

-30.6

Cash from Operating Activities

125.8

144.1

116.9

83.7

86.2

 

 

 

 

 

 

    Purchase of Tangibles

-77.1

-90.9

-65.0

-77.9

-54.1

    Advance payments for purchase of

-

-

-

-10.2

-

    Sale of Tangibles

0.4

0.2

0.1

1.6

0.0

    subsidiaries Interest and related incom

0.0

0.0

-

0.0

-6.0

    Interest and related incomereceivable

9.8

6.0

3.6

2.1

2.2

Cash from Investing Activities

-66.9

-84.6

-61.3

-84.4

-57.9

 

 

 

 

 

 

    Expenses for Issuace of Share Capital

0.0

-0.3

-0.2

-

-

    Issuance of Common shares

0.5

65.1

-

-

0.0

    Dividends Paid

-33.4

-38.6

-33.3

-28.4

-18.2

    Increase in Long-Term Liabilities

0.0

27.7

143.6

29.3

54.2

    Decrease in Long-Term Liabilities

-1.9

-67.0

-56.4

-31.0

-23.7

    Lease Repayments

-0.9

-2.6

-0.8

-0.8

-1.1

Cash from Financing Activities

-35.8

-15.8

52.8

-30.9

11.3

 

 

 

 

 

 

Foreign Exchange Effects

0.0

-0.2

0.0

-0.1

-0.2

Net Change in Cash

23.2

43.5

108.3

-31.7

39.5

 

 

 

 

 

 

    Cash Interest Paid

7.7

7.4

7.7

7.0

3.8

    Cash Taxes Paid

53.7

54.3

37.2

41.1

30.6

Net Cash - Beginning Balance

192.0

152.0

41.7

76.4

28.5

end of the year

215.2

195.5

150.0

44.7

68.0

 

 

Financial Health

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

Key Indicators USD (mil)

 

Quarter
Ending
31-Mar-2012

Quarter
Ending
Yr Ago

Annual
Year End
30-Jun-2011

1 Year
Growth

3 Year
Growth

5 Year
Growth

Total Revenue1

114.4

5.72%

666.9

0.54%

6.65%

11.74%

Operating Income1

16.9

-5.92%

163.1

-9.05%

1.07%

10.02%

Income Available to Common Excl Extraord Items1

13.3

-1.98%

128.8

19.39%

4.66%

13.86%

Basic EPS Excl Extraord Items1

0.10

-2.01%

0.99

17.78%

2.27%

11.78%

Capital Expenditures2

52.8

-

77.1

-13.65%

-1.95%

12.37%

Cash from Operating Activities2

91.0

-

125.8

-11.07%

17.45%

22.06%

Free Cash Flow

38.1

-

52.0

-6.65%

-

70.10%

Total Assets3

1,106.8

7.41%

1,152.9

8.03%

14.86%

18.33%

Total Liabilities3

359.1

-4.62%

394.7

-4.01%

4.26%

9.31%

Total Long Term Debt3

203.4

-1.17%

223.0

-1.18%

26.41%

15.42%

Employees3

-

-

3457

8.37%

11.16%

15.73%

Total Common Shares Outstanding3

130.0

0.02%

129.9

0.05%

2.34%

1.40%

1-ExchangeRate: EUR to USD Average for Period

0.762971

 

0.734700

 

 

 

2-ExchangeRate: EUR to USD Average for Period

0.752312

 

0.734700

 

 

 

3-ExchangeRate: EUR to USD Period End Date

0.753463

 

0.689727

 

 

 

Key Ratios

 

30-Jun-2011

30-Jun-2010

30-Jun-2009

30-Jun-2008

30-Jun-2007

Profitability

Gross Margin

53.21%

54.09%

54.35%

54.44%

53.24%

Operating Margin

24.46%

27.04%

27.40%

28.74%

28.23%

Pretax Margin

24.75%

26.62%

26.35%

27.41%

26.79%

Net Profit Margin

19.31%

16.26%

20.47%

20.43%

19.82%

Financial Strength

Current Ratio

3.62

3.23

3.05

1.75

2.01

Long Term Debt/Equity

0.29

0.34

0.51

0.27

0.43

Total Debt/Equity

0.36

0.43

0.67

0.61

0.72

Management Effectiveness

Return on Assets

12.36%

11.32%

16.11%

17.15%

17.41%

Return on Equity

19.40%

19.61%

29.91%

32.59%

34.83%

Efficiency

Receivables Turnover

8.02

7.52

6.64

6.27

7.92

Inventory Turnover

1.31

1.22

1.20

1.28

1.34

Asset Turnover

0.64

0.70

0.79

0.84

0.88

Market Valuation USD (mil)

P/E (TTM)

3.95

.

Enterprise Value2

502.8

Price/Sales (TTM)

0.78

.

Enterprise Value/Revenue (TTM)

0.76

Price/Book (MRQ)

0.69

.

Enterprise Value/EBITDA (TTM)

2.76

Market Cap as of 27-Jul-20121

475.6

.

 

 

1-ExchangeRate: EUR to USD on 27-Jul-2012

0.814303

 

 

 

2-ExchangeRate: EUR to USD on 31-Mar-2012

0.753463

 

 

 

 

 

Annual Ratios

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

30-Jun-2011

30-Jun-2010

30-Jun-2009

30-Jun-2008

30-Jun-2007

Financial Strength

Current Ratio

3.62

3.23

3.05

1.75

2.01

Quick/Acid Test Ratio

1.98

1.71

1.44

0.67

0.92

Working Capital1

415.0

327.3

351.2

185.7

156.7

Long Term Debt/Equity

0.29

0.34

0.51

0.27

0.43

Total Debt/Equity

0.36

0.43

0.67

0.61

0.72

Long Term Debt/Total Capital

0.22

0.24

0.30

0.17

0.25

Total Debt/Total Capital

0.27

0.30

0.40

0.38

0.42

Payout Ratio

-

30.57%

29.13%

29.39%

28.56%

Effective Tax Rate

22.00%

38.92%

22.33%

25.49%

26.03%

Total Capital1

1,033.3

790.1

835.5

720.7

514.4

 

 

 

 

 

 

Efficiency

Asset Turnover

0.64

0.70

0.79

0.84

0.88

Inventory Turnover

1.31

1.22

1.20

1.28

1.34

Days In Inventory

279.34

299.88

305.00

284.93

271.46

Receivables Turnover

8.02

7.52

6.64

6.27

7.92

Days Receivables Outstanding

45.50

48.53

54.99

58.25

46.10

Revenue/Employee2

205,492

187,127

220,785

252,859

226,424

Operating Income/Employee2

50,266

50,603

60,495

72,675

63,911

EBITDA/Employee2

56,518

55,412

65,698

78,555

69,465

 

 

 

 

 

 

Profitability

Gross Margin

53.21%

54.09%

54.35%

54.44%

53.24%

Operating Margin

24.46%

27.04%

27.40%

28.74%

28.23%

EBITDA Margin

27.50%

29.61%

29.76%

31.07%

30.68%

EBIT Margin

24.46%

27.04%

27.40%

28.74%

28.23%

Pretax Margin

24.75%

26.62%

26.35%

27.41%

26.79%

Net Profit Margin

19.31%

16.26%

20.47%

20.43%

19.82%

COGS/Revenue

46.79%

45.91%

45.65%

45.56%

46.76%

SG&A Expense/Revenue

25.33%

24.14%

26.64%

25.98%

25.17%

 

 

 

 

 

 

Management Effectiveness

Return on Assets

12.36%

11.32%

16.11%

17.15%

17.41%

Return on Equity

19.40%

19.61%

29.91%

32.59%

34.83%

 

 

 

 

 

 

Valuation

Free Cash Flow/Share2

0.40

0.36

0.44

-0.04

0.27

Operating Cash Flow/Share 2

1.03

0.98

0.99

0.74

0.74

1-ExchangeRate: EUR to USD Period End Date

0.689727

0.816393

0.712936

0.634699

0.740439

2-ExchangeRate: EUR to USD Average for Period

0.689727

0.816393

0.712936

0.634699

0.740439

 

Current Market Multiples

Market Cap/Earnings (TTM)

3.95

Market Cap/Equity (MRQ)

0.69

Market Cap/Revenue (TTM)

0.78

Market Cap/EBIT (TTM)

3.21

Market Cap/EBITDA (TTM)

2.82

Enterprise Value/Earnings (TTM)

3.86

Enterprise Value/Equity (MRQ)

0.67

Enterprise Value/Revenue (TTM)

0.76

Enterprise Value/EBIT (TTM)

3.14

Enterprise Value/EBITDA (TTM)

2.76

 

 

 

 

Annual Income Statement

Standardized

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

30-Jun-2011

30-Jun-2010

30-Jun-2009

30-Jun-2008

30-Jun-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
30-Jun-2011

Updated Normal 
30-Jun-2010

Updated Normal 
30-Jun-2009

Updated Normal 
30-Jun-2008

Updated Normal 
30-Jun-2007

Filed Currency

EUR

EUR

EUR

EUR

EUR

Exchange Rate (Period Average)

0.7347

0.721483

0.731067

0.681859

0.766423

Auditor

Grant Thornton LLP

Grant Thornton LLP

Grant Thornton International

Grant Thornton International

Grant Thornton International

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Net Sales

666.9

675.5

639.9

592.4

447.1

Revenue

666.9

675.5

639.9

592.4

447.1

Total Revenue

666.9

675.5

639.9

592.4

447.1

 

 

 

 

 

 

    Cost of Revenue

312.0

310.1

292.1

269.9

209.1

Cost of Revenue, Total

312.0

310.1

292.1

269.9

209.1

Gross Profit

354.9

365.3

347.8

322.5

238.0

 

 

 

 

 

 

    Selling/General/Administrative Expense

168.9

163.1

170.5

153.9

112.5

Total Selling/General/Administrative Expenses

168.9

163.1

170.5

153.9

112.5

    Depreciation

20.8

17.9

-

-

-

Depreciation/Amortization

20.8

17.9

-

-

-

    Other Operating Expense

5.8

5.5

5.9

5.7

3.3

    Other, Net

-3.8

-3.8

-3.9

-7.4

-4.0

Other Operating Expenses, Total

2.0

1.7

2.0

-1.7

-0.7

Total Operating Expense

503.8

492.8

464.6

422.2

320.9

 

 

 

 

 

 

Operating Income

163.1

182.7

175.3

170.3

126.2

 

 

 

 

 

 

        Interest Expense - Non-Operating

-7.8

-8.7

-10.2

-10.1

-9.0

    Interest Expense, Net Non-Operating

-7.8

-8.7

-10.2

-10.1

-9.0

        Interest Income - Non-Operating

10.2

6.4

3.9

2.3

2.6

    Interest/Investment Income - Non-Operating

10.2

6.4

3.9

2.3

2.6

Interest Income (Expense) - Net Non-Operating Total

2.4

-2.2

-6.4

-7.9

-6.4

    Other Non-Operating Income (Expense)

-0.4

-0.6

-0.3

-

-

Other, Net

-0.4

-0.6

-0.3

-

-

Income Before Tax

165.1

179.8

168.6

162.4

119.8

 

 

 

 

 

 

Total Income Tax

36.3

70.0

37.7

41.4

31.2

Income After Tax

128.8

109.8

131.0

121.0

88.6

 

 

 

 

 

 

    Minority Interest

0.0

0.0

0.0

0.0

0.0

Net Income Before Extraord Items

128.8

109.8

131.0

121.0

88.6

Net Income

128.8

109.8

131.0

121.0

88.6

 

 

 

 

 

 

Income Available to Common Excl Extraord Items

128.8

109.8

131.0

121.0

88.6

 

 

 

 

 

 

Income Available to Common Incl Extraord Items

128.8

109.8

131.0

121.0

88.6

 

 

 

 

 

 

Basic/Primary Weighted Average Shares

129.9

128.2

121.2

121.2

121.2

Basic EPS Excl Extraord Items

0.99

0.86

1.08

1.00

0.73

Basic/Primary EPS Incl Extraord Items

0.99

0.86

1.08

1.00

0.73

Dilution Adjustment

0.1

0.7

2.8

2.5

1.7

Diluted Net Income

128.9

110.5

133.8

123.5

90.3

Diluted Weighted Average Shares

130.1

130.1

130.1

130.1

130.1

Diluted EPS Excl Extraord Items

0.99

0.85

1.03

0.95

0.69

Diluted EPS Incl Extraord Items

0.99

0.85

1.03

0.95

0.69

Dividends per Share - Common Stock Primary Issue

-

0.26

0.31

0.29

0.21

Gross Dividends - Common Stock

-

34.0

38.1

35.6

25.3

Interest Expense, Supplemental

7.8

8.7

10.2

10.1

9.0

Depreciation, Supplemental

20.3

17.4

15.1

13.8

11.0

Total Special Items

0.0

0.0

-

-

-

Normalized Income Before Tax

165.1

179.8

168.6

162.4

119.8

 

 

 

 

 

 

Effect of Special Items on Income Taxes

0.0

0.0

-

-

-

Inc Tax Ex Impact of Sp Items

36.3

70.0

37.7

41.4

31.2

Normalized Income After Tax

128.8

109.8

131.0

121.0

88.6

 

 

 

 

 

 

Normalized Inc. Avail to Com.

128.8

109.8

131.0

121.0

88.6

 

 

 

 

 

 

Basic Normalized EPS

0.99

0.86

1.08

1.00

0.73

Diluted Normalized EPS

0.99

0.85

1.03

0.95

0.69

Rental Expenses

15.1

15.0

14.3

13.9

13.2

Advertising Expense, Supplemental

9.9

10.9

12.1

12.2

6.7

Reported Gross Profit

354.9

-

-

-

-

Normalized EBIT

163.2

182.7

175.3

170.3

126.2

Normalized EBITDA

183.4

200.0

190.4

184.0

137.2

    Current Tax - Other

35.6

40.2

38.9

37.7

31.3

Current Tax - Total

35.6

40.2

38.9

37.7

31.3

    Deferred Tax - Other

0.7

1.0

-1.5

1.3

-0.6

Deferred Tax - Total

0.7

1.0

-1.5

1.3

-0.6

    Other Tax

0.0

28.9

0.2

2.4

0.5

Income Tax - Total

36.3

70.0

37.7

41.4

31.2

Interest Cost - Domestic

0.2

0.2

0.2

0.1

0.1

Service Cost - Domestic

0.8

0.6

0.5

0.4

0.3

Prior Service Cost - Domestic

0.0

0.0

-

-

-

Actuarial Gains and Losses - Domestic

0.1

0.0

0.0

0.0

0.0

Curtailments & Settlements - Domestic

0.6

0.5

0.3

0.3

0.4

Other Pension, Net - Domestic

0.0

0.0

0.0

0.0

0.0

Domestic Pension Plan Expense

1.7

1.4

1.0

0.9

0.9

Total Pension Expense

1.7

1.4

1.0

0.9

0.9

Discount Rate - Domestic

4.91%

4.36%

5.52%

5.30%

4.50%

Compensation Rate - Domestic

2.50%

3.50%

3.50%

3.50%

3.50%

Total Plan Interest Cost

0.2

0.2

0.2

0.1

0.1

Total Plan Service Cost

0.8

0.6

0.5

0.4

0.3

Total Plan Other Expense

0.0

0.0

0.0

0.0

0.0

 

 

 

Interim Income Statement

Standardized

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

31-Mar-2012

31-Dec-2011

30-Sep-2011

30-Jun-2011

31-Mar-2011

Period Length

3 Months

3 Months

3 Months

3 Months

3 Months

UpdateType/Date

Updated Normal 
31-Mar-2012

Updated Normal 
31-Dec-2011

Updated Normal 
30-Sep-2011

Updated Normal 
30-Jun-2011

Updated Normal 
31-Mar-2011

Filed Currency

EUR

EUR

EUR

EUR

EUR

Exchange Rate (Period Average)

0.762971

0.741961

0.707825

0.695476

0.731463

 

 

 

 

 

 

    Net Sales

114.4

232.5

170.3

168.6

112.8

Revenue

114.4

232.5

170.3

168.6

112.8

Total Revenue

114.4

232.5

170.3

168.6

112.8

 

 

 

 

 

 

    Cost of Revenue

51.3

107.6

88.6

70.6

49.0

Cost of Revenue, Total

51.3

107.6

88.6

70.6

49.0

Gross Profit

63.1

124.9

81.7

98.0

63.8

 

 

 

 

 

 

    Selling/General/Administrative Expense

48.5

57.3

52.6

44.0

44.4

Total Selling/General/Administrative Expenses

48.5

57.3

52.6

44.0

44.4

    Other Operating Expense

1.5

3.9

0.9

0.6

1.4

    Other, Net

-3.8

-1.4

-2.1

-1.3

-0.7

Other Operating Expenses, Total

-2.3

2.4

-1.2

-0.6

0.6

Total Operating Expense

97.4

167.3

140.1

114.0

94.1

 

 

 

 

 

 

Operating Income

16.9

65.2

30.2

54.6

18.8

 

 

 

 

 

 

    Interest Income (Expense) - Net Non-Operating

-0.6

0.9

0.6

1.8

-0.9

Interest Income (Expense) - Net Non-Operating Total

-0.6

0.9

0.6

1.8

-0.9

Income Before Tax

16.3

66.0

30.8

56.4

17.8

 

 

 

 

 

 

Total Income Tax

3.0

12.3

5.5

12.9

3.7

Income After Tax

13.3

53.7

25.3

43.6

14.1

 

 

 

 

 

 

    Minority Interest

0.0

0.0

0.0

0.0

0.0

Net Income Before Extraord Items

13.3

53.7

25.3

43.6

14.1

Net Income

13.3

53.7

25.3

43.6

14.1

 

 

 

 

 

 

Income Available to Common Excl Extraord Items

13.3

53.7

25.3

43.6

14.1

 

 

 

 

 

 

Income Available to Common Incl Extraord Items

13.3

53.7

25.3

43.6

14.1

 

 

 

 

 

 

Basic/Primary Weighted Average Shares

129.9

129.9

129.9

129.9

129.9

Basic EPS Excl Extraord Items

0.10

0.41

0.19

0.34

0.11

Basic/Primary EPS Incl Extraord Items

0.10

0.41

0.19

0.34

0.11

Dilution Adjustment

0.0

0.0

0.0

0.0

0.0

Diluted Net Income

13.3

53.8

25.3

43.6

14.2

Diluted Weighted Average Shares

130.1

130.1

130.3

130.1

130.1

Diluted EPS Excl Extraord Items

0.10

0.41

0.19

0.34

0.11

Diluted EPS Incl Extraord Items

0.10

0.41

0.19

0.34

0.11

Dividends per Share - Common Stock Primary Issue

0.00

0.00

0.00

-

0.00

Gross Dividends - Common Stock

0.0

0.0

0.0

-

0.0

Interest Expense, Supplemental

6.0

2.0

2.1

2.1

2.1

Depreciation, Supplemental

5.6

5.6

5.9

6.1

5.3

Total Special Items

0.0

0.0

0.0

0.0

0.0

Normalized Income Before Tax

16.3

66.0

30.8

56.4

17.9

 

 

 

 

 

 

Effect of Special Items on Income Taxes

0.0

0.0

0.0

0.0

0.0

Inc Tax Ex Impact of Sp Items

3.0

12.3

5.5

12.9

3.7

Normalized Income After Tax

13.3

53.7

25.3

43.6

14.2

 

 

 

 

 

 

Normalized Inc. Avail to Com.

13.3

53.7

25.3

43.6

14.2

 

 

 

 

 

 

Basic Normalized EPS

0.10

0.41

0.19

0.34

0.11

Diluted Normalized EPS

0.10

0.41

0.19

0.34

0.11

Normalized EBIT

16.9

65.2

30.2

54.6

18.8

Normalized EBITDA

22.5

70.8

36.2

60.8

24.0

    Current Tax - Total

2.7

12.1

5.3

12.8

3.4

Current Tax - Total

2.7

12.1

5.3

12.8

3.4

    Deferred Tax - Total

0.3

0.2

0.2

0.7

0.3

Deferred Tax - Total

0.3

0.2

0.2

0.7

0.3

    Other Tax

0.0

0.0

0.0

-0.6

0.1

Income Tax - Total

3.0

12.3

5.5

12.9

3.7

 

 

 

Annual Balance Sheet

Standardized

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

30-Jun-2011

30-Jun-2010

30-Jun-2009

30-Jun-2008

30-Jun-2007

UpdateType/Date

Updated Normal 
30-Jun-2011

Updated Normal 
30-Jun-2010

Updated Normal 
30-Jun-2009

Updated Normal 
30-Jun-2008

Updated Normal 
30-Jun-2007

Filed Currency

EUR

EUR

EUR

EUR

EUR

Exchange Rate

0.689727

0.816393

0.712936

0.634699

0.740439

Auditor

Grant Thornton LLP

Grant Thornton LLP

Grant Thornton International

Grant Thornton International

Grant Thornton International

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Cash & Equivalents

229.2

172.8

153.8

48.0

70.3

Cash and Short Term Investments

229.2

172.8

153.8

48.0

70.3

        Accounts Receivable - Trade, Gross

-

-

30.5

51.1

26.1

        Provision for Doubtful Accounts

-

-

-0.1

-0.1

-0.1

    Trade Accounts Receivable - Net

40.6

26.9

30.4

51.0

26.0

    Other Receivables

44.1

51.1

62.0

67.3

46.7

Total Receivables, Net

84.7

78.1

92.4

118.3

72.7

    Inventories - Finished Goods

252.9

216.1

268.2

261.0

164.4

Total Inventory

252.9

216.1

268.2

261.0

164.4

    Other Current Assets

6.8

7.1

7.8

7.2

4.2

Other Current Assets, Total

6.8

7.1

7.8

7.2

4.2

Total Current Assets

573.7

474.1

522.2

434.5

311.7

 

 

 

 

 

 

        Buildings

391.6

256.8

249.5

223.2

165.9

        Land/Improvements

162.5

134.8

135.1

121.3

71.6

        Machinery/Equipment

102.7

73.8

73.8

71.4

56.6

        Construction in Progress

3.0

25.0

7.1

23.5

14.4

        Leases

14.2

11.9

13.1

13.6

11.7

        Other Property/Plant/Equipment

3.2

2.4

2.6

2.7

2.2

    Property/Plant/Equipment - Gross

677.3

504.8

481.1

455.9

322.4

    Accumulated Depreciation

-128.6

-90.5

-88.1

-81.9

-59.4

Property/Plant/Equipment - Net

548.7

414.3

393.0

374.0

263.0

    LT Investment - Affiliate Companies

0.0

-

-

-

-

    LT Investments - Other

11.0

9.8

11.7

13.8

12.3

Long Term Investments

11.0

9.8

11.7

13.8

12.3

    Other Long Term Assets

19.6

3.5

4.2

4.6

3.7

Other Long Term Assets, Total

19.6

3.5

4.2

4.6

3.7

Total Assets

1,152.9

901.6

931.2

826.9

590.7

 

 

 

 

 

 

Accounts Payable

32.7

17.7

13.5

17.7

11.8

Notes Payable/Short Term Debt

49.4

43.0

78.7

85.2

54.9

Current Portion - Long Term Debt/Capital Leases

2.7

2.3

4.3

67.0

30.2

    Customer Advances

2.3

0.8

1.0

0.9

0.8

    Income Taxes Payable

46.7

57.7

51.5

44.9

38.6

    Other Current Liabilities

24.9

25.3

22.0

33.0

18.6

Other Current liabilities, Total

73.9

83.8

74.6

78.8

58.0

Total Current Liabilities

158.6

146.8

171.0

248.8

155.0

 

 

 

 

 

 

    Long Term Debt

215.3

183.4

248.2

112.1

122.7

    Capital Lease Obligations

7.7

7.3

5.6

7.9

7.0

Total Long Term Debt

223.0

190.7

253.7

120.0

129.6

Total Debt

275.1

235.9

336.7

272.3

214.8

 

 

 

 

 

 

    Deferred Income Tax - LT Liability

7.8

6.0

4.2

6.5

4.4

Deferred Income Tax

7.8

6.0

4.2

6.5

4.4

Minority Interest

0.0

-

-

-

-

    Pension Benefits - Underfunded

5.2

3.6

3.3

3.1

2.2

    Other Long Term Liabilities

0.0

0.4

0.0

0.0

0.0

Other Liabilities, Total

5.2

4.0

3.3

3.1

2.2

Total Liabilities

394.7

347.4

432.3

378.4

291.2

 

 

 

 

 

 

    Common Stock

263.8

222.7

238.1

133.7

114.6

Common Stock

263.8

222.7

238.1

133.7

114.6

Additional Paid-In Capital

59.8

50.2

10.6

12.1

10.4

Retained Earnings (Accumulated Deficit)

435.8

282.4

251.3

303.4

174.8

    Translation Adjustment

-1.2

-1.1

-1.1

-0.7

-0.3

Other Equity, Total

-1.2

-1.1

-1.1

-0.7

-0.3

Total Equity

758.2

554.2

498.9

448.4

299.5

 

 

 

 

 

 

Total Liabilities & Shareholders’ Equity

1,152.9

901.6

931.2

826.9

590.7

 

 

 

 

 

 

    Shares Outstanding - Common Stock Primary Issue

129.9

129.9

121.2

121.2

121.2

Total Common Shares Outstanding

129.9

129.9

121.2

121.2

121.2

Employees

3,457

3,190

2,972

2,517

2,044

Deferred Revenue - Current

2.3

0.8

1.0

0.9

0.8

Total Long Term Debt, Supplemental

218.8

186.3

254.4

245.4

182.0

Long Term Debt Maturing within 1 Year

1.7

1.5

4.3

67.0

30.2

Long Term Debt Maturing in Year 2

3.5

4.8

70.7

68.3

85.8

Long Term Debt Maturing in Year 3

71.2

60.0

59.8

1.6

1.0

Long Term Debt Maturing in Year 4

71.2

60.0

59.8

1.6

1.0

Long Term Debt Maturing in Year 5

71.2

60.0

59.8

1.6

1.0

Long Term Debt Maturing in 2-3 Years

74.7

64.8

130.5

70.0

86.9

Long Term Debt Maturing in 4-5 Years

142.4

120.0

119.6

3.2

2.1

Long Term Debt Matur. in Year 6 & Beyond

0.0

0.0

0.0

105.2

62.9

Total Capital Leases, Supplemental

8.7

8.1

7.9

8.7

8.1

Capital Lease Payments Due in Year 1

1.0

0.8

2.3

0.7

1.1

Capital Lease Payments Due in Year 2

1.3

1.3

0.6

1.0

1.4

Capital Lease Payments Due in Year 3

1.3

1.3

0.6

1.0

1.4

Capital Lease Payments Due in Year 4

1.3

1.3

0.6

1.0

1.4

Capital Lease Payments Due in Year 5

1.3

1.3

0.6

1.0

1.4

Capital Lease Payments Due in 2-3 Years

2.7

2.5

1.3

1.9

2.9

Capital Lease Payments Due in 4-5 Years

2.7

2.5

1.3

1.9

2.9

Cap. Lease Pymts. Due in Year 6 & Beyond

2.3

2.2

3.0

4.1

1.2

Total Operating Leases, Supplemental

197.3

124.9

141.1

179.5

137.5

Operating Lease Payments Due in Year 1

14.8

11.5

12.9

13.5

9.4

Operating Lease Payments Due in Year 2

17.2

12.4

14.2

16.0

11.6

Operating Lease Payments Due in Year 3

17.2

12.4

14.2

16.0

11.6

Operating Lease Payments Due in Year 4

17.2

12.4

14.2

16.0

11.6

Operating Lease Payments Due in Year 5

17.2

12.4

14.2

16.0

11.6

Operating Lease Pymts. Due in 2-3 Years

34.4

24.8

28.4

32.0

23.3

Operating Lease Pymts. Due in 4-5 Years

34.4

24.8

28.4

32.0

23.3

Oper. Lse. Pymts. Due in Year 6 & Beyond

113.6

63.9

71.4

102.0

81.5

Pension Obligation - Domestic

5.2

3.6

3.3

3.1

2.2

Funded Status - Domestic

-5.2

-3.6

-3.3

-3.1

-2.2

Unfunded Plan Obligations

4.7

5.2

4.2

3.7

2.6

Total Funded Status

-9.9

-8.7

-7.5

-6.7

-4.7

Discount Rate - Domestic

4.91%

4.36%

5.52%

5.30%

4.50%

Compensation Rate - Domestic

2.50%

3.50%

3.50%

3.50%

3.50%

Total Plan Obligations

9.9

8.7

7.5

6.7

4.7

 

 

 

Interim Balance Sheet

Standardized

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

31-Mar-2012

31-Dec-2011

30-Sep-2011

30-Jun-2011

31-Mar-2011

UpdateType/Date

Updated Normal 
31-Mar-2012

Updated Normal 
31-Dec-2011

Updated Normal 
30-Sep-2011

Updated Normal 
30-Jun-2011

Updated Normal 
31-Mar-2011

Filed Currency

EUR

EUR

EUR

EUR

EUR

Exchange Rate

0.753463

0.770327

0.745323

0.689727

0.704672

 

 

 

 

 

 

    Cash & Equivalents

216.0

275.5

184.5

229.2

229.9

Cash and Short Term Investments

216.0

275.5

184.5

229.2

229.9

    Trade Accounts Receivable - Net

22.0

30.8

54.1

40.6

32.0

    Other Receivables

36.2

36.7

41.8

44.1

45.7

Total Receivables, Net

58.2

67.4

95.9

84.7

77.7

    Inventories - Finished Goods

244.7

223.7

240.0

252.9

233.6

Total Inventory

244.7

223.7

240.0

252.9

233.6

    Other Current Assets

6.0

4.2

9.2

6.8

7.4

Other Current Assets, Total

6.0

4.2

9.2

6.8

7.4

Total Current Assets

524.9

570.8

529.6

573.7

548.5

 

 

 

 

 

 

        Buildings

393.3

377.4

377.6

391.6

358.8

        Land/Improvements

157.2

151.0

156.0

162.5

157.9

        Machinery/Equipment

100.8

97.6

97.9

102.7

97.7

        Construction in Progress

8.4

2.5

5.6

3.0

12.0

        Leases

13.0

12.7

13.1

14.2

13.9

        Other Property/Plant/Equipment

3.1

3.0

3.0

3.2

3.1

    Property/Plant/Equipment - Gross

675.9

644.1

653.2

677.3

643.4

    Accumulated Depreciation

-134.2

-125.9

-124.5

-128.6

-120.4

Property/Plant/Equipment - Net

541.7

518.2

528.7

548.7

523.0

    LT Investment - Affiliate Companies

0.0

0.0

0.0

0.0

-

    LT Investments - Other

9.7

9.6

10.0

11.0

10.9

Long Term Investments

9.7

9.6

10.0

11.0

10.9

    Other Long Term Assets

30.5

32.6

33.8

19.6

19.3

Other Long Term Assets, Total

30.5

32.6

33.8

19.6

19.3

Total Assets

1,106.8

1,131.2

1,102.2

1,152.9

1,101.8

 

 

 

 

 

 

Accounts Payable

75.9

75.8

82.8

84.3

93.4

Notes Payable/Short Term Debt

0.0

0.0

0.0

0.0

0.0

Current Portion - Long Term Debt/Capital Leases

1.4

1.7

2.1

2.7

1.4

    Income Taxes Payable

33.3

55.8

42.8

46.7

49.1

    Other Current Liabilities

31.9

68.2

30.2

24.9

26.2

Other Current liabilities, Total

65.2

124.0

73.1

71.6

75.4

Total Current Liabilities

142.5

201.5

158.0

158.6

170.1

 

 

 

 

 

 

    Long Term Debt

197.2

192.9

199.3

215.3

212.3

    Capital Lease Obligations

6.3

6.4

6.9

7.7

7.8

Total Long Term Debt

203.4

199.3

206.2

223.0

220.1

Total Debt

204.8

201.0

208.3

225.8

221.5

 

 

 

 

 

 

    Deferred Income Tax - LT Liability

7.8

7.3

7.5

7.8

7.4

Deferred Income Tax

7.8

7.3

7.5

7.8

7.4

Minority Interest

0.0

0.0

0.0

0.0

-

    Pension Benefits - Underfunded

5.3

5.0

5.0

5.2

4.9

    Other Long Term Liabilities

0.1

0.0

0.0

0.0

0.1

Other Liabilities, Total

5.4

5.0

5.0

5.2

5.0

Total Liabilities

359.1

413.2

376.7

394.7

402.6

 

 

 

 

 

 

    Common Stock

241.5

236.2

244.1

263.8

258.2

Common Stock

241.5

236.2

244.1

263.8

258.2

Additional Paid-In Capital

18.3

17.8

55.3

59.8

58.5

Retained Earnings (Accumulated Deficit)

489.1

465.2

427.3

435.8

383.5

    Translation Adjustment

-1.1

-1.1

-1.1

-1.2

-1.0

Other Equity, Total

-1.1

-1.1

-1.1

-1.2

-1.0

Total Equity

747.7

718.1

725.6

758.2

699.2

 

 

 

 

 

 

Total Liabilities & Shareholders’ Equity

1,106.8

1,131.2

1,102.2

1,152.9

1,101.8

 

 

 

 

 

 

    Shares Outstanding - Common Stock Primary Issue

130.0

129.9

129.9

129.9

129.9

Total Common Shares Outstanding

130.0

129.9

129.9

129.9

129.9

Employees

3,326

5,123

3,748

3,457

3,289

Total Long Term Debt, Supplemental

197.9

194.5

202.6

218.8

213.2

Long Term Debt Maturing within 1 Year

0.4

0.8

2.1

1.7

0.4

Long Term Debt Maturing in Year 2

3.5

4.0

4.5

3.5

3.8

Long Term Debt Maturing in Year 3

64.7

63.2

65.3

71.2

69.6

Long Term Debt Maturing in Year 4

64.7

63.2

65.3

71.2

69.6

Long Term Debt Maturing in Year 5

64.7

63.2

65.3

71.2

69.6

Long Term Debt Maturing in 2-3 Years

68.2

67.2

69.8

74.7

73.5

Long Term Debt Maturing in 4-5 Years

129.4

126.5

130.7

142.4

139.3

Long Term Debt Matur. in Year 6 & Beyond

0.0

0.0

0.0

0.0

0.0

Total Capital Leases, Supplemental

7.3

7.3

7.8

8.7

8.7

Capital Lease Payments Due in Year 1

0.9

0.9

0.9

1.0

1.0

Capital Lease Payments Due in Year 2

1.1

1.1

1.2

1.3

1.3

Capital Lease Payments Due in Year 3

1.1

1.1

1.2

1.3

1.3

Capital Lease Payments Due in Year 4

1.1

1.1

1.2

1.3

1.3

Capital Lease Payments Due in Year 5

1.1

1.1

1.2

1.3

1.3

Capital Lease Payments Due in 2-3 Years

2.3

2.3

2.4

2.7

2.5

Capital Lease Payments Due in 4-5 Years

2.3

2.3

2.4

2.7

2.5

Cap. Lease Pymts. Due in Year 6 & Beyond

1.8

1.8

2.1

2.3

2.7

 

 

 

Annual Cash Flows

Standardized

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

30-Jun-2011

30-Jun-2010

30-Jun-2009

30-Jun-2008

30-Jun-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
30-Jun-2011

Updated Normal 
30-Jun-2010

Updated Normal 
30-Jun-2009

Updated Normal 
30-Jun-2008

Updated Normal 
30-Jun-2007

Filed Currency

EUR

EUR

EUR

EUR

EUR

Exchange Rate (Period Average)

0.7347

0.721483

0.731067

0.681859

0.766423

Auditor

Grant Thornton LLP

Grant Thornton LLP

Grant Thornton International

Grant Thornton International

Grant Thornton International

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

Net Income/Starting Line

128.8

109.8

131.0

121.0

88.6

    Depreciation

20.8

17.9

15.6

14.3

11.5

Depreciation/Depletion

20.8

17.9

15.6

14.3

11.5

    Unusual Items

0.0

0.0

0.0

-0.3

0.2

    Other Non-Cash Items

-10.4

3.3

7.3

8.4

7.1

Non-Cash Items

-10.4

3.3

7.4

8.1

7.3

    Accounts Receivable

6.7

3.1

4.1

-19.2

-6.5

    Inventories

2.7

20.5

-35.0

-64.4

-27.5

    Other Assets

-3.7

-0.5

-2.2

-2.1

-2.2

    Taxes Payable

36.3

70.0

37.7

41.4

31.2

    Other Liabilities

6.0

-18.3

3.1

32.7

18.2

    Other Operating Cash Flow

-61.4

-61.7

-44.9

-48.1

-34.4

Changes in Working Capital

-13.4

13.0

-37.1

-59.7

-21.2

Cash from Operating Activities

125.8

144.1

116.9

83.7

86.2

 

 

 

 

 

 

    Purchase of Fixed Assets

-77.1

-90.9

-65.0

-88.1

-54.1

Capital Expenditures

-77.1

-90.9

-65.0

-88.1

-54.1

    Acquisition of Business

0.0

0.0

-

0.0

-6.0

    Sale of Fixed Assets

0.4

0.2

0.1

1.6

0.0

    Other Investing Cash Flow

9.8

6.0

3.6

2.1

2.2

Other Investing Cash Flow Items, Total

10.2

6.2

3.7

3.7

-3.8

Cash from Investing Activities

-66.9

-84.6

-61.3

-84.4

-57.9

 

 

 

 

 

 

    Cash Dividends Paid - Common

-33.4

-38.6

-33.3

-28.4

-18.2

Total Cash Dividends Paid

-33.4

-38.6

-33.3

-28.4

-18.2

        Sale/Issuance of Common

0.5

64.7

-0.2

-

0.0

    Common Stock, Net

0.5

64.7

-0.2

-

0.0

Issuance (Retirement) of Stock, Net

0.5

64.7

-0.2

-

0.0

        Long Term Debt Issued

0.0

27.7

143.6

29.3

54.2

        Long Term Debt Reduction

-2.8

-69.6

-57.3

-31.8

-24.7

    Long Term Debt, Net

-2.8

-41.9

86.4

-2.4

29.5

Issuance (Retirement) of Debt, Net

-2.8

-41.9

86.4

-2.4

29.5

Cash from Financing Activities

-35.8

-15.8

52.8

-30.9

11.3

 

 

 

 

 

 

Foreign Exchange Effects

0.0

-0.2

0.0

-0.1

-0.2

Net Change in Cash

23.2

43.5

108.3

-31.7

39.5

 

 

 

 

 

 

Net Cash - Beginning Balance

192.0

152.0

41.7

76.4

28.5

Net Cash - Ending Balance

215.2

195.5

150.0

44.7

68.0

Cash Interest Paid

7.7

7.4

7.7

7.0

3.8

Cash Taxes Paid

53.7

54.3

37.2

41.1

30.6

 

 

 

Interim Cash Flows

Standardized

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

31-Mar-2012

31-Dec-2011

30-Sep-2011

30-Jun-2011

31-Mar-2011

Period Length

6 Months

6 Months

3 Months

12 Months

9 Months

UpdateType/Date

Updated Normal 
31-Mar-2012

Updated Normal 
31-Dec-2011

Updated Normal 
30-Sep-2011

Updated Normal 
30-Jun-2011

Updated Normal 
31-Mar-2011

Filed Currency

EUR

EUR

EUR

EUR

EUR

Exchange Rate (Period Average)

0.752312

0.724783

0.707825

0.7347

0.747764

 

 

 

 

 

 

Net Income/Starting Line

90.3

79.7

25.3

128.8

86.0

    Depreciation

17.2

11.8

5.9

20.8

15.1

Depreciation/Depletion

17.2

11.8

5.9

20.8

15.1

    Unusual Items

0.0

0.0

0.0

0.0

0.0

    Other Non-Cash Items

-0.3

-1.1

-0.4

-1.1

0.5

Non-Cash Items

-0.3

-1.1

-0.4

-1.1

0.5

    Accounts Receivable

18.7

8.4

-18.3

6.7

9.9

    Inventories

-13.3

2.9

-6.3

2.7

15.8

    Other Assets

0.9

2.6

-2.6

-3.7

-4.2

    Taxes Payable

20.4

18.0

5.5

36.3

23.7

    Other Liabilities

3.6

24.0

12.7

6.0

18.5

    Other Operating Cash Flow

-46.5

-37.9

-23.8

-70.8

-50.0

Changes in Working Capital

-16.2

18.0

-32.9

-22.7

13.7

Cash from Operating Activities

91.0

108.4

-2.0

125.8

115.3

 

 

 

 

 

 

    Purchase of Fixed Assets

-52.8

-37.4

-28.6

-77.1

-58.8

Capital Expenditures

-52.8

-37.4

-28.6

-77.1

-58.8

    Acquisition of Business

0.0

0.0

-

0.0

0.0

    Sale of Fixed Assets

0.2

0.2

0.0

0.4

0.2

    Other Investing Cash Flow

6.5

5.3

2.3

9.8

6.1

Other Investing Cash Flow Items, Total

6.6

5.5

2.3

10.2

6.2

Cash from Investing Activities

-46.1

-31.9

-26.3

-66.9

-52.6

 

 

 

 

 

 

    Cash Dividends Paid - Common

0.0

-

-

-33.4

-32.8

Total Cash Dividends Paid

0.0

-

-

-33.4

-32.8

        Sale/Issuance of Common

-0.2

-0.4

0.0

0.5

0.5

    Common Stock, Net

-0.2

-0.4

0.0

0.5

0.5

Issuance (Retirement) of Stock, Net

-0.2

-0.4

0.0

0.5

0.5

        Long Term Debt Issued

-36.3

-

-

0.0

0.0

        Long Term Debt Reduction

-2.1

-1.4

-0.7

-2.8

-2.4

    Long Term Debt, Net

-38.4

-1.4

-0.7

-2.8

-2.4

Issuance (Retirement) of Debt, Net

-38.4

-1.4

-0.7

-2.8

-2.4

Cash from Financing Activities

-38.6

-1.8

-0.7

-35.8

-34.7

 

 

 

 

 

 

Foreign Exchange Effects

0.0

0.0

0.0

0.0

0.0

Net Change in Cash

6.2

74.7

-29.0

23.2

28.0

 

 

 

 

 

 

Net Cash - Beginning Balance

210.1

218.1

223.3

192.0

188.6

Net Cash - Ending Balance

216.3

292.8

194.3

215.2

216.6

Cash Interest Paid

5.6

3.9

3.1

7.7

5.7

Cash Taxes Paid

27.9

17.7

4.0

53.7

35.3

 

 

 

Annual Income Statement

As Reported

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

30-Jun-2011

30-Jun-2010

30-Jun-2009

30-Jun-2008

30-Jun-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
30-Jun-2011

Updated Normal 
30-Jun-2010

Updated Normal 
30-Jun-2009

Updated Normal 
30-Jun-2008

Updated Normal 
30-Jun-2007

Filed Currency

EUR

EUR

EUR

EUR

EUR

Exchange Rate (Period Average)

0.7347

0.721483

0.731067

0.681859

0.766423

Auditor

Grant Thornton LLP

Grant Thornton LLP

Grant Thornton International

Grant Thornton International

Grant Thornton International

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Turnover

666.9

675.5

639.9

592.4

447.1

Total Revenue

666.9

675.5

639.9

592.4

447.1

 

 

 

 

 

 

    Cost of Sales

312.0

310.1

292.1

269.9

209.1

    Other Oper. Income

-3.8

-3.8

-3.9

-7.4

-4.0

    Distribution

144.4

140.6

148.7

133.3

97.0

    Admin. Expenses

24.6

22.5

21.8

20.6

15.5

    Other Operating Expenses

5.8

5.5

5.9

5.7

3.3

    Depreciation

20.8

17.9

-

-

-

Total Operating Expense

503.8

492.8

464.6

422.2

320.9

 

 

 

 

 

 

    Interest Income

10.2

6.4

3.9

2.3

2.6

    Other Financial Cost

-0.4

-0.6

-0.3

-

-

    Interest Expenses

-7.8

-8.7

-10.2

-10.1

-9.0

Net Income Before Taxes

165.1

179.8

168.6

162.4

119.8

 

 

 

 

 

 

Provision for Income Taxes

36.3

70.0

37.7

41.4

31.2

Net Income After Taxes

128.8

109.8

131.0

121.0

88.6

 

 

 

 

 

 

    Non controlling Interests Basic earning

0.0

0.0

0.0

0.0

0.0

Net Income Before Extra. Items

128.8

109.8

131.0

121.0

88.6

Net Income

128.8

109.8

131.0

121.0

88.6

 

 

 

 

 

 

Income Available to Com Excl ExtraOrd

128.8

109.8

131.0

121.0

88.6

 

 

 

 

 

 

Income Available to Com Incl ExtraOrd

128.8

109.8

131.0

121.0

88.6

 

 

 

 

 

 

Basic Weighted Average Shares

129.9

128.2

121.2

121.2

121.2

Basic EPS Excluding ExtraOrdinary Items

0.99

0.86

1.08

1.00

0.73

Basic EPS Including ExtraOrdinary Items

0.99

0.86

1.08

1.00

0.73

Dilution Adjustment

0.1

0.7

2.8

2.5

1.7

Diluted Net Income

128.9

110.5

133.8

123.5

90.3

Diluted Weighted Average Shares

130.1

130.1

130.1

130.1

130.1

Diluted EPS Excluding ExtraOrd Items

0.99

0.85

1.03

0.95

0.69

Diluted EPS Including ExtraOrd Items

0.99

0.85

1.03

0.95

0.69

DPS-Common Stock

-

0.26

0.31

0.29

0.21

Gross Dividends - Common Stock

-

34.0

38.1

35.6

25.3

Normalized Income Before Taxes

165.1

179.8

168.6

162.4

119.8

 

 

 

 

 

 

Inc Tax Ex Impact of Sp Items

36.3

70.0

37.7

41.4

31.2

Normalized Income After Taxes

128.8

109.8

131.0

121.0

88.6

 

 

 

 

 

 

Normalized Inc. Avail to Com.

128.8

109.8

131.0

121.0

88.6

 

 

 

 

 

 

Basic Normalized EPS

0.99

0.86

1.08

1.00

0.73

Diluted Normalized EPS

0.99

0.85

1.03

0.95

0.69

Interest Expense

7.8

8.7

10.2

10.1

9.0

Depreciation

20.3

17.4

15.1

13.8

11.0

Advertising Expenses

9.9

10.9

12.1

12.2

6.7

Rental Expenses

15.1

15.0

14.3

13.9

13.2

    Current Tax

35.6

40.2

38.9

37.7

31.3

Current Tax - Total

35.6

40.2

38.9

37.7

31.3

    Deferred Tax

1.1

1.0

-1.5

1.3

-0.6

    Adjustment of Deferred Taxes

-0.4

-

-

-

-

Deferred Tax - Total

0.7

1.0

-1.5

1.3

-0.6

    Tax Differences/ Previous Periods

0.0

0.1

0.2

2.4

0.5

    Extraordinary Tax

0.0

28.7

-

-

-

Income Tax - Total

36.3

70.0

37.7

41.4

31.2

Gross profit

354.9

-

-

-

-

Current Service Cost

0.8

0.6

0.5

0.4

0.3

Interest Cost

0.2

0.2

0.2

0.1

0.1

Actuarial Gains/Losses

0.1

0.0

0.0

0.0

0.0

Prior Service Cost

0.0

0.0

-

-

-

Additional Cost

0.6

0.5

0.3

0.3

0.4

Other Pension Income/Expense

0.0

0.0

0.0

0.0

0.0

Domestic Pension Plan Expense

1.7

1.4

1.0

0.9

0.9

Total Pension Expense

1.7

1.4

1.0

0.9

0.9

Discount Rate

4.91%

4.36%

5.52%

5.30%

4.50%

Increase in Salaries

2.50%

3.50%

3.50%

3.50%

3.50%

 

Interim Income Statement

As Reported

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

31-Mar-2012

31-Dec-2011

30-Sep-2011

30-Jun-2011

31-Mar-2011

Period Length

3 Months

3 Months

3 Months

3 Months

3 Months

UpdateType/Date

Updated Normal 
31-Mar-2012

Updated Normal 
31-Dec-2011

Updated Normal 
30-Sep-2011

Updated Normal 
30-Jun-2011

Updated Normal 
31-Mar-2011

Filed Currency

EUR

EUR

EUR

EUR

EUR

Exchange Rate (Period Average)

0.762971

0.741961

0.707825

0.695476

0.731463

 

 

 

 

 

 

    Tunrnover

114.4

232.5

170.3

168.6

112.8

Total Revenue

114.4

232.5

170.3

168.6

112.8

 

 

 

 

 

 

    Cost of sales

51.3

107.6

88.6

70.6

49.0

    Other income

-3.8

-1.4

-2.1

-1.3

-0.7

    Distribution costs

42.5

49.8

45.2

38.5

38.7

    Administrative expenses

6.0

7.5

7.4

5.5

5.7

    Other expenses Profit before tax, inter

1.5

3.9

0.9

0.6

1.4

Total Operating Expense

97.4

167.3

140.1

114.0

94.1

 

 

 

 

 

 

    Finance income

1.4

2.9

2.8

3.9

1.1

    Finance costs

-2.0

-2.0

-2.1

-2.1

-2.1

Net Income Before Taxes

16.3

66.0

30.8

56.4

17.8

 

 

 

 

 

 

Provision for Income Taxes

3.0

12.3

5.5

12.9

3.7

Net Income After Taxes

13.3

53.7

25.3

43.6

14.1

 

 

 

 

 

 

    Non controlling Interests

0.0

0.0

0.0

0.0

0.0

Net Income Before Extra. Items

13.3

53.7

25.3

43.6

14.1

Net Income

13.3

53.7

25.3

43.6

14.1

 

 

 

 

 

 

Income Available to Com Excl ExtraOrd

13.3

53.7

25.3

43.6

14.1

 

 

 

 

 

 

Income Available to Com Incl ExtraOrd

13.3

53.7

25.3

43.6

14.1

 

 

 

 

 

 

Basic Weighted Average Shares

129.9

129.9

129.9

129.9

129.9

Basic EPS Excluding ExtraOrdinary Items

0.10

0.41

0.19

0.34

0.11

Basic EPS Including ExtraOrdinary Items

0.10

0.41

0.19

0.34

0.11

Dilution Adjustment

0.0

0.0

0.0

0.0

0.0

Diluted Net Income

13.3

53.8

25.3

43.6

14.2

Diluted Weighted Average Shares

130.1

130.1

130.3

130.1

130.1

Diluted EPS Excluding ExtraOrd Items

0.10

0.41

0.19

0.34

0.11

Diluted EPS Including ExtraOrd Items

0.10

0.41

0.19

0.34

0.11

DPS-Common Stock

0.00

0.00

0.00

-

0.00

Gross Dividends - Common Stock

0.0

0.0

0.0

-

0.0

Normalized Income Before Taxes

16.3

66.0

30.8

56.4

17.9

 

 

 

 

 

 

Inc Tax Ex Impact of Sp Items

3.0

12.3

5.5

12.9

3.7

Normalized Income After Taxes

13.3

53.7

25.3

43.6

14.2

 

 

 

 

 

 

Normalized Inc. Avail to Com.

13.3

53.7

25.3

43.6

14.2

 

 

 

 

 

 

Basic Normalized EPS

0.10

0.41

0.19

0.34

0.11

Diluted Normalized EPS

0.10

0.41

0.19

0.34

0.11

Depreciation

5.6

5.6

5.9

6.1

5.3

Interest Expense

6.0

2.0

2.1

2.1

2.1

    Current Taxation

2.7

12.1

5.3

12.8

3.4

Current Tax - Total

2.7

12.1

5.3

12.8

3.4

    Deferred Taxation

0.3

0.2

0.2

0.7

0.3

Deferred Tax - Total

0.3

0.2

0.2

0.7

0.3

    Provision for Tax

0.0

0.0

0.0

-0.6

0.1

Income Tax - Total

3.0

12.3

5.5

12.9

3.7

 

 

 

Annual Balance Sheet

As Reported

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

30-Jun-2011

30-Jun-2010

30-Jun-2009

30-Jun-2008

30-Jun-2007

UpdateType/Date

Updated Normal 
30-Jun-2011

Updated Normal 
30-Jun-2010

Updated Normal 
30-Jun-2009

Updated Normal 
30-Jun-2008

Updated Normal 
30-Jun-2007

Filed Currency

EUR

EUR

EUR

EUR

EUR

Exchange Rate

0.689727

0.816393

0.712936

0.634699

0.740439

Auditor

Grant Thornton LLP

Grant Thornton LLP

Grant Thornton International

Grant Thornton International

Grant Thornton International

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Merchandise

252.9

216.1

268.2

261.0

164.4

    Customers

40.6

26.9

-

-

-

    Customers, Gross

-

-

30.5

51.1

26.1

    Provisions for Doubtfull Accounts

-

-

-0.1

-0.1

-0.1

    Sundry Debtors

44.1

51.1

62.0

67.3

46.7

    Other Current Assets

6.8

7.1

7.8

7.2

4.2

    Cash & Equivalents

229.2

172.8

153.8

48.0

70.3

Total Current Assets

573.7

474.1

522.2

434.5

311.7

 

 

 

 

 

 

    Land

162.5

134.8

135.1

121.3

71.6

    Buildings

391.6

256.8

249.5

223.2

165.9

    Transportation

2.3

2.0

0.8

0.8

0.9

    Machinery

100.4

71.9

73.0

70.6

55.7

    Software

3.2

2.4

2.6

2.7

2.2

    Construction

3.0

25.0

7.1

23.5

14.4

    Buildings/Leases

9.0

7.6

8.7

9.8

8.4

    Transportation/Leases

5.2

4.3

4.3

3.8

3.3

    Depreciation

-128.6

-90.5

-88.1

-81.9

-59.4

    Investments in subsidiaries

0.0

-

-

-

-

    Investments in Real Estates

11.0

9.8

11.7

13.8

12.3

    Other LT Rcvbls

19.6

3.5

4.2

4.6

3.7

Total Assets

1,152.9

901.6

931.2

826.9

590.7

 

 

 

 

 

 

    Provisions

0.2

0.2

0.8

0.6

0.2

    Suppliers

32.7

17.7

13.5

17.7

11.8

    Notes Payable

3.4

1.4

2.0

4.1

2.4

    Cheques Payable

46.0

41.6

76.7

81.2

52.6

    Cust. Advances

2.3

0.8

1.0

0.9

0.8

    Tax-Duties

46.7

57.7

51.5

44.9

38.6

    Short-term loan liabilities Long term l

0.0

0.0

0.0

0.0

0.0

    Cur.Por.LT Liabs

2.7

2.3

4.3

67.0

30.2

    Other ST Liabilities

24.6

25.1

21.3

32.5

18.4

Total Current Liabilities

158.6

146.8

171.0

248.8

155.0

 

 

 

 

 

 

    Bonds

1.8

1.9

67.3

71.8

58.5

    Bond Loan non Convertible

210.9

178.0

175.1

31.6

-

    Bank Loans

-

-

-

0.0

55.0

    Other Bank Loans

2.7

3.5

5.7

8.7

9.1

    Leases

7.7

7.3

5.6

7.9

7.0

Total Long Term Debt

223.0

190.7

253.7

120.0

129.6

 

 

 

 

 

 

    Indemnity Provisions

5.2

3.6

3.3

3.1

2.2

    Non controlling Interests

0.0

-

-

-

-

    Other Long-term Liabilities

0.0

0.4

0.0

0.0

0.0

    Deferred Tax Liabilities

7.8

6.0

4.2

6.5

4.4

Total Liabilities

394.7

347.4

432.3

378.4

291.2

 

 

 

 

 

 

    Share Capital

263.8

222.7

238.1

133.7

114.6

    Share Premium

59.8

50.2

10.6

12.1

10.4

    Reserves

190.3

105.4

38.5

104.4

50.3

    Retain .Earnings

245.5

177.0

212.8

198.9

124.5

    Forex Adjust.

-1.2

-1.1

-1.1

-0.7

-0.3

Total Equity

758.2

554.2

498.9

448.4

299.5

 

 

 

 

 

 

Total Liabilities & Shareholders' Equity

1,152.9

901.6

931.2

826.9

590.7

 

 

 

 

 

 

    S/O-Common Stock

129.9

129.9

121.2

121.2

121.2

Total Common Shares Outstanding

129.9

129.9

121.2

121.2

121.2

Deferred Revenue - Current

2.3

0.8

1.0

0.9

0.8

Full-Time Employees

3,457

3,190

2,972

2,517

2,044

LT Debt Repayment 1 Year

1.7

1.5

4.3

67.0

30.2

LT Loans Maturing in 1-2 Yrs

3.5

4.8

70.7

68.3

85.8

LT Loans Maturing in 2-5 Yrs

213.5

180.1

179.4

4.9

3.1

LT Loans Maturing after 5 Yrs

0.0

0.0

0.0

105.2

62.9

Total Long Term Debt, Supplemental

218.8

186.3

254.4

245.4

182.0

Capital Leases Maturing in < 1 Yr

1.0

0.8

2.3

0.7

1.1

Capital Leases Maturing in 1-5 Yrs

5.4

5.0

2.5

3.8

5.8

Capital Leases Maturing after 5 Yrs

2.3

2.2

3.0

4.1

1.2

Total Capital Leases

8.7

8.1

7.9

8.7

8.1

Operating Leases Maturing < 1 Yr

14.8

11.5

12.9

13.5

9.4

Operating Leases Maturing 1-2 Yrs

68.8

49.5

56.7

63.9

46.6

Operating Leases Maturing after 5 Yrs

113.6

63.9

71.4

102.0

81.5

Total Operating Leases

197.3

124.9

141.1

179.5

137.5

Unfunded Plan Obligations

4.7

5.2

4.2

3.7

2.6

Pension Obligations

5.2

3.6

3.3

3.1

2.2

Funded Status

-5.2

-3.6

-3.3

-3.1

-2.2

Total Funded Status

-9.9

-8.7

-7.5

-6.7

-4.7

Discount Rate

4.91%

4.36%

5.52%

5.30%

4.50%

Increase in Salaries

2.50%

3.50%

3.50%

3.50%

3.50%

 

 

 

Interim Balance Sheet

As Reported

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

31-Mar-2012

31-Dec-2011

30-Sep-2011

30-Jun-2011

31-Mar-2011

UpdateType/Date

Updated Normal 
31-Mar-2012

Updated Normal 
31-Dec-2011

Updated Normal 
30-Sep-2011

Updated Normal 
30-Jun-2011

Updated Normal 
31-Mar-2011

Filed Currency

EUR

EUR

EUR

EUR

EUR

Exchange Rate

0.753463

0.770327

0.745323

0.689727

0.704672

 

 

 

 

 

 

    Inventory Total

244.7

223.7

240.0

252.9

233.6

    Customers

22.0

30.8

54.1

40.6

32.0

    Other Receivables

36.2

36.7

41.8

44.1

45.7

    Other Current Assets

6.0

4.2

9.2

6.8

7.4

    Cash/Equivalents

216.0

275.5

184.5

229.2

229.9

Total Current Assets

524.9

570.8

529.6

573.7

548.5

 

 

 

 

 

 

    Land

157.2

151.0

156.0

162.5

157.9

    Buildings

393.3

377.4

377.6

391.6

358.8

    Vehicles

2.7

2.1

2.2

2.3

2.3

    Machinery

98.2

95.5

95.7

100.4

95.4

    Software

3.1

3.0

3.0

3.2

3.1

    Construction in Progress

8.4

2.5

5.6

3.0

12.0

    Buildings / Leasing

8.3

8.1

8.4

9.0

8.8

    Vehicles / Leasing

4.7

4.6

4.8

5.2

5.1

    Depreciation

-134.2

-125.9

-124.5

-128.6

-120.4

    Investments in subsidiaries

0.0

0.0

0.0

0.0

-

    Investments in Real Estate

9.7

9.6

10.0

11.0

10.9

    Other LT Rcvbls

30.5

32.6

33.8

19.6

19.3

Total Assets

1,106.8

1,131.2

1,102.2

1,152.9

1,101.8

 

 

 

 

 

 

    Other Provisions

0.2

0.2

0.2

0.2

0.5

    Suppliers

75.9

75.8

82.8

84.3

93.4

    Tax - Duties

33.3

55.8

42.8

46.7

49.1

    ST Bank Liabs

-

0.0

0.0

-

-

    Cur.Por.LT Liabs

1.4

1.7

2.1

2.7

1.4

    Other Liabilities

31.7

68.0

30.0

24.6

25.8

Total Current Liabilities

142.5

201.5

158.0

158.6

170.1

 

 

 

 

 

 

    Bonds

1.5

1.6

1.7

1.8

1.7

    Bond Loan non Convertible

193.2

188.9

195.2

210.9

206.3

    Long term loan liabilities

2.4

2.4

2.4

2.7

4.3

    Leases

6.3

6.4

6.9

7.7

7.8

Total Long Term Debt

203.4

199.3

206.2

223.0

220.1

 

 

 

 

 

 

    Indemnity Provisions

5.3

5.0

5.0

5.2

4.9

    Other Long-Term Liabilities

0.1

0.0

0.0

0.0

0.1

    Deferred Taxes

7.8

7.3

7.5

7.8

7.4

    Non controlling Interests

0.0

-

0.0

0.0

-

    Minority/Results

-

0.0

-

-

-

Total Liabilities

359.1

413.2

376.7

394.7

402.6

 

 

 

 

 

 

    Share Capital

241.5

236.2

244.1

263.8

258.2

    Share Premium

18.3

17.8

55.3

59.8

58.5

    Forex Adjust.

-1.1

-1.1

-1.1

-1.2

-1.0

    Reserves

257.8

252.2

176.1

190.3

186.3

    Retain .Earnings

231.2

213.0

251.2

245.5

197.3

Total Equity

747.7

718.1

725.6

758.2

699.2

 

 

 

 

 

 

Total Liabilities & Shareholders' Equity

1,106.8

1,131.2

1,102.2

1,152.9

1,101.8

 

 

 

 

 

 

    S/O-Common Stock

130.0

129.9

129.9

129.9

129.9

Total Common Shares Outstanding

130.0

129.9

129.9

129.9

129.9

Full-Time Employees

3,326

5,123

3,748

3,457

3,289

LT Debt Repayment 1 Year

0.4

0.8

2.1

1.7

0.4

LT Debt Repayment 1 - 2 Years

3.5

4.0

4.5

3.5

3.8

LT Debt Repayment 2 - 5 Years

194.0

189.7

196.0

213.5

208.9

LT Debt Repayment after 5 Years

0.0

0.0

0.0

0.0

0.0

Total Long Term Debt, Supplemental

197.9

194.5

202.6

218.8

213.2

Capital Leases Maturing within 1 Year

0.9

0.9

0.9

1.0

1.0

Capital Leases Maturing 1 - 5 Years

4.6

4.6

4.9

5.4

5.0

Capital Leases Maturing after 5 Years

1.8

1.8

2.1

2.3

2.7

Total Capital Leases

7.3

7.3

7.8

8.7

8.7

 

 

 

Annual Cash Flows

As Reported

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

30-Jun-2011

30-Jun-2010

30-Jun-2009

30-Jun-2008

30-Jun-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
30-Jun-2011

Updated Normal 
30-Jun-2010

Updated Normal 
30-Jun-2009

Updated Normal 
30-Jun-2008

Updated Normal 
30-Jun-2007

Filed Currency

EUR

EUR

EUR

EUR

EUR

Exchange Rate (Period Average)

0.7347

0.721483

0.731067

0.681859

0.766423

Auditor

Grant Thornton LLP

Grant Thornton LLP

Grant Thornton International

Grant Thornton International

Grant Thornton International

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

Net Income

128.8

109.8

131.0

121.0

88.6

    Depreciation

20.8

17.9

15.6

14.3

11.5

    Taxes

36.3

70.0

37.7

41.4

31.2

    Indemnity Provisions

0.9

0.7

0.6

0.5

0.4

    Other Provisions

0.0

-0.5

0.2

0.3

0.3

    Sales of Tangible Assets

0.0

0.0

0.0

-0.3

0.2

    Interests and Related Income

-10.2

-6.4

-3.9

-2.3

-2.6

    Interests and Related Expenses

8.3

9.3

10.6

10.2

9.0

    Other FOREX Differences

0.0

0.0

0.0

0.0

-0.1

    Increase/Decrease in Stock

2.7

20.5

-35.0

-64.4

-27.5

    Reduction in Debtors

6.7

3.1

4.1

-19.2

-6.5

    Increase in Transitory Accts.-Assets

-3.7

-0.5

-2.2

-2.1

-2.2

    Decrease in Current liabilities

6.0

-18.3

3.1

32.7

18.2

    Others

-9.3

0.2

-0.2

-0.2

0.2

    Interest payable

-7.7

-7.4

-7.7

-7.0

-3.8

    Income tax payable Net cash flows from

-53.7

-54.3

-37.2

-41.1

-30.6

Cash from Operating Activities

125.8

144.1

116.9

83.7

86.2

 

 

 

 

 

 

    Purchase of Tangibles

-77.1

-90.9

-65.0

-77.9

-54.1

    Advance payments for purchase of

-

-

-

-10.2

-

    Sale of Tangibles

0.4

0.2

0.1

1.6

0.0

    subsidiaries Interest and related incom

0.0

0.0

-

0.0

-6.0

    Interest and related incomereceivable

9.8

6.0

3.6

2.1

2.2

Cash from Investing Activities

-66.9

-84.6

-61.3

-84.4

-57.9

 

 

 

 

 

 

    Expenses for Issuace of Share Capital

0.0

-0.3

-0.2

-

-

    Issuance of Common shares

0.5

65.1

-

-

0.0

    Dividends Paid

-33.4

-38.6

-33.3

-28.4

-18.2

    Increase in Long-Term Liabilities

0.0

27.7

143.6

29.3

54.2

    Decrease in Long-Term Liabilities

-1.9

-67.0

-56.4

-31.0

-23.7

    Lease Repayments

-0.9

-2.6

-0.8

-0.8

-1.1

Cash from Financing Activities

-35.8

-15.8

52.8

-30.9

11.3

 

 

 

 

 

 

Foreign Exchange Effects

0.0

-0.2

0.0

-0.1

-0.2

Net Change in Cash

23.2

43.5

108.3

-31.7

39.5

 

 

 

 

 

 

    Cash Interest Paid

7.7

7.4

7.7

7.0

3.8

    Cash Taxes Paid

53.7

54.3

37.2

41.1

30.6

Net Cash - Beginning Balance

192.0

152.0

41.7

76.4

28.5

end of the year

215.2

195.5

150.0

44.7

68.0

 

 

 

Interim Cash Flows

As Reported

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

31-Mar-2012

31-Dec-2011

30-Sep-2011

30-Jun-2011

31-Mar-2011

Period Length

6 Months

6 Months

3 Months

12 Months

9 Months

UpdateType/Date

Updated Normal 
31-Mar-2012

Updated Normal 
31-Dec-2011

Updated Normal 
30-Sep-2011

Updated Normal 
30-Jun-2011

Updated Normal 
31-Mar-2011

Filed Currency

EUR

EUR

EUR

EUR

EUR

Exchange Rate (Period Average)

0.752312

0.724783

0.707825

0.7347

0.747764

 

 

 

 

 

 

Profit After/Before Taxes

90.3

79.7

25.3

128.8

86.0

    Depreciation

17.2

11.8

5.9

20.8

15.1

    Taxes

20.4

18.0

5.5

36.3

23.7

    Indemnity Provisions

0.5

0.4

0.2

0.9

0.7

    Other Provisions

-

0.0

-

0.0

0.0

    Sale of Tangibles

0.0

0.0

0.0

0.0

0.0

    Interest & Related Income Receivable

-6.9

-5.7

-2.8

-10.2

-6.4

    Interest & Related Expenses Payable

6.1

4.2

2.1

8.3

6.1

    Other FOREX Diffrences

0.0

0.0

0.0

0.0

0.0

    Inventories

-13.3

2.9

-6.3

2.7

15.8

    Receivables

18.7

8.4

-18.3

6.7

9.9

    Other Current Assets

0.9

2.6

-2.6

-3.7

-4.2

    Liabilities

3.6

24.0

12.7

6.0

18.5

    Other

-12.9

-16.3

-16.7

-9.3

-9.0

    Interest payable

-5.6

-3.9

-3.1

-7.7

-5.7

    Income tax payable

-27.9

-17.7

-4.0

-53.7

-35.3

Cash from Operating Activities

91.0

108.4

-2.0

125.8

115.3

 

 

 

 

 

 

    Purchase of Tangibles

-52.8

-37.4

-28.6

-77.1

-58.8

    Sale of Tangibles

0.2

0.2

0.0

0.4

0.2

    subsidiaries Interest and related incom

0.0

0.0

-

0.0

0.0

    Interest and related incomereceivable

6.5

5.3

2.3

9.8

6.1

Cash from Investing Activities

-46.1

-31.9

-26.3

-66.9

-52.6

 

 

 

 

 

 

    Issuance of Share Capital

0.2

0.0

0.0

0.5

0.5

    Expenses for Issuace of Share Capital

-0.4

-0.4

0.0

0.0

0.0

    Dividends Paid

0.0

-

-

-33.4

-32.8

    Loans Received

-36.3

-

-

0.0

0.0

    Loan Repayments

-1.4

-0.9

-0.5

-1.9

-1.7

    Lease Repayments

-0.7

-0.5

-0.2

-0.9

-0.7

Cash from Financing Activities

-38.6

-1.8

-0.7

-35.8

-34.7

 

 

 

 

 

 

Foreign Exchange Effects

0.0

0.0

0.0

0.0

0.0

Net Change in Cash

6.2

74.7

-29.0

23.2

28.0

 

 

 

 

 

 

    Cash Interest Paid

5.6

3.9

3.1

7.7

5.7

    Cash Taxes Paid

27.9

17.7

4.0

53.7

35.3

Net Cash - Beginning Balance

210.1

218.1

223.3

192.0

188.6

Cash and cash equivalents

216.3

292.8

194.3

215.2

216.6

 

 

Geographic Segments

Financials in: As Reported (mil)

Annual  

 

 

 

External Revenue   USD (mil)

 

30-Jun-11

30-Jun-10

30-Jun-09

30-Jun-08

30-Jun-07

Greece

628.6

86.3 %

636.4

88.6 %

573.7

89.7 %

536.0

90.5 %

406.4

90.9 %

Eurozone

71.4

9.8 %

59.8

8.3 %

66.0

10.3 %

56.3

9.5 %

40.6

9.1 %

Third Countries

28.3

3.9 %

22.1

3.1 %

0.2

0 %

0.1

0 %

0.1

0 %

Segment Total

728.3

100 %

718.4

100 %

639.9

100 %

592.4

100 %

447.1

100 %

Non Distributed Operating Income

0.0

0 %

-

-

3.9

0.6 %

7.4

1.2 %

4.0

0.9 %

Consolidated Total

728.3

100 %

718.4

100 %

643.8

100.6 %

599.8

101.2 %

451.1

100.9 %

Exchange Rate: EUR to USD

0.734700

 

0.721483

 

0.731067

 

0.681859

 

0.766423

 

Intersegment Revenue   USD (mil)

 

30-Jun-11

30-Jun-10

Greece

-59.3

96.6 %

39.9

92.9 %

Eurozone

-0.8

1.3 %

1.2

2.7 %

Third Countries

-1.3

2.2 %

1.9

4.4 %

Segment Total

-61.4

100 %

42.9

100 %

Non Distributed Operating Income

0.0

0 %

0.0

0 %

Consolidated Total

-61.4

100 %

42.9

100 %

Exchange Rate: EUR to USD

0.734700

 

0.721483

 

 

Total Revenue   USD (mil)

 

30-Jun-11

30-Jun-10

30-Jun-09

30-Jun-08

30-Jun-07

Greece

569.3

85.4 %

676.3

88.8 %

573.7

89.7 %

536.0

90.5 %

406.4

90.9 %

Eurozone

70.6

10.6 %

61.0

8 %

66.0

10.3 %

56.3

9.5 %

40.6

9.1 %

Third Countries

27.0

4.1 %

24.0

3.2 %

0.2

0 %

0.1

0 %

0.1

0 %

Segment Total

666.9

100 %

761.3

100 %

639.9

100 %

592.4

100 %

447.1

100 %

Non Distributed Operating Income

0.0

0 %

0.0

0 %

3.9

0.6 %

7.4

1.2 %

4.0

0.9 %

Consolidated Total

666.9

100 %

761.3

100 %

643.8

100.6 %

599.8

101.2 %

451.1

100.9 %

Exchange Rate: EUR to USD

0.734700

 

0.721483

 

0.731067

 

0.681859

 

0.766423

 

Cost of Revenue   USD (mil)

 

30-Jun-11

30-Jun-10

Greece

264.0

84.6 %

271.4

87.5 %

Eurozone

35.2

11.3 %

28.9

9.3 %

Third Countries

12.8

4.1 %

9.9

3.2 %

Segment Total

312.0

100 %

310.1

100 %

Non Distributed Operating Income

0.0

0 %

0.0

0 %

Consolidated Total

312.0

100 %

310.1

100 %

Exchange Rate: EUR to USD

0.734700

 

0.721483

 

 

Gross Profit   USD (mil)

 

30-Jun-11

30-Jun-10

Greece

305.3

86 %

325.2

89 %

Eurozone

35.4

10 %

29.7

8.1 %

Third Countries

14.2

4 %

10.4

2.9 %

Segment Total

354.9

100 %

365.3

100 %

Non Distributed Operating Income

0.0

0 %

0.0

0 %

Consolidated Total

354.9

100 %

365.3

100 %

Exchange Rate: EUR to USD

0.734700

 

0.721483

 

Gross Margin (%)  

 

30-Jun-11

30-Jun-10

Greece

53.6

-

48.1

-

Eurozone

50.2

-

48.8

-

Third Countries

52.5

-

43.3

-

Segment Total

53.2

-

48.0

-

Consolidated Total

53.2

-

48.0

-

 

Depreciation   USD (mil)

 

30-Jun-11

30-Jun-10

Greece

15.6

79 %

14.5

86.6 %

Eurozone

1.8

9.1 %

1.2

7.4 %

Third Countries

2.3

11.8 %

1.0

5.9 %

Segment Total

19.8

100 %

16.8

100 %

Non Distributed Operating Income

1.0

5.2 %

1.1

6.8 %

Consolidated Total

20.8

105.2 %

17.9

106.8 %

Exchange Rate: EUR to USD

0.734700

 

0.721483

 

Earn. bef. Int. & Tax   USD (mil)

 

30-Jun-11

30-Jun-10

Greece

157.9

83.1 %

179.0

86 %

Eurozone

25.4

13.4 %

22.8

11 %

Third Countries

6.6

3.5 %

6.4

3.1 %

Segment Total

190.0

100 %

208.3

100 %

Non Distributed Operating Income

-26.8

-14.1 %

-25.6

-12.3 %

Consolidated Total

163.1

85.9 %

182.7

87.7 %

Exchange Rate: EUR to USD

0.734700

 

0.721483

 

 

EBIT Margin (%)  

 

30-Jun-11

30-Jun-10

Greece

27.7

-

26.5

-

Eurozone

36.0

-

37.5

-

Third Countries

24.5

-

26.7

-

Segment Total

28.5

-

27.4

-

Consolidated Total

24.5

-

24.0

-

Income Before Tax   USD (mil)

 

30-Jun-11

30-Jun-10

Greece

157.9

83.1 %

179.0

86 %

Eurozone

25.4

13.4 %

22.8

11 %

Third Countries

6.6

3.5 %

6.4

3.1 %

Segment Total

190.0

100 %

208.3

100 %

Non Distributed Operating Income

-24.9

-13.1 %

-28.5

-13.7 %

Consolidated Total

165.1

86.9 %

179.8

86.3 %

Exchange Rate: EUR to USD

0.734700

 

0.721483

 

 

Pre-Tax Margin (%)  

 

30-Jun-11

30-Jun-10

Greece

27.7

-

26.5

-

Eurozone

36.0

-

37.5

-

Third Countries

24.5

-

26.7

-

Segment Total

28.5

-

27.4

-

Consolidated Total

24.8

-

23.6

-

Total Income Tax   USD (mil)

 

30-Jun-11

30-Jun-10

Greece

0.0

0 %

0.0

0 %

Eurozone

0.0

0 %

0.0

0 %

Third Countries

0.0

0 %

0.0

0 %

Segment Total

0.0

0 %

0.0

0 %

Non Distributed Operating Income

36.3

0 %

70.0

0 %

Consolidated Total

36.3

0 %

70.0

0 %

Exchange Rate: EUR to USD

0.734700

 

0.721483

 

 

Income After Tax   USD (mil)

 

30-Jun-11

30-Jun-10

Greece

157.9

83.1 %

179.0

86 %

Eurozone

25.4

13.4 %

22.8

11 %

Third Countries

6.6

3.5 %

6.4

3.1 %

Segment Total

190.0

100 %

208.3

100 %

Non Distributed Operating Income

-61.2

-32.2 %

-98.5

-47.3 %

Consolidated Total

128.8

67.8 %

109.8

52.7 %

Exchange Rate: EUR to USD

0.734700

 

0.721483

 

Net Profit Margin (%)  

 

30-Jun-11

30-Jun-10

Greece

27.7

-

26.5

-

Eurozone

36.0

-

37.5

-

Third Countries

24.5

-

26.7

-

Segment Total

28.5

-

27.4

-

Consolidated Total

19.3

-

14.4

-

 

Total Assets   USD (mil)

 

30-Jun-11

30-Jun-10

30-Jun-09

30-Jun-08

30-Jun-07

Greece

590.9

73.8 %

494.2

79.7 %

784.4

84.2 %

688.4

83.3 %

512.5

86.8 %

Eurozone

79.4

9.9 %

54.1

8.7 %

146.8

15.8 %

138.5

16.7 %

78.2

13.2 %

Third Countries

130.3

16.3 %

72.2

11.6 %

-

-

0.0

0 %

0.0

0 %

Segment Total

800.6

100 %

620.5

100 %

931.2

100 %

826.9

100 %

590.7

100 %

Non Distributed Operating Income

352.3

44 %

281.2

45.3 %

-

-

-

-

-

-

Consolidated Total

1,152.9

144 %

901.6

145.3 %

931.2

100 %

826.9

100 %

590.7

100 %

Exchange Rate: EUR to USD

0.689727

 

0.816393

 

0.712936

 

0.634699

 

0.740439

 

Operating Return on Assets (%)  

 

30-Jun-11

30-Jun-10

Greece

28.5

-

32.0

-

Eurozone

34.1

-

37.3

-

Third Countries

5.4

-

7.9

-

Segment Total

25.3

-

29.7

-

Non Distributed Operating Income

-8.1

-

-8.1

-

Consolidated Total

15.1

-

17.9

-

 

Total Liabilities   USD (mil)

 

30-Jun-11

30-Jun-10

Greece

328.9

96.7 %

268.3

94.6 %

Eurozone

5.7

1.7 %

9.2

3.2 %

Third Countries

5.5

1.6 %

6.2

2.2 %

Segment Total

340.2

100 %

283.7

100 %

Non Distributed Operating Income

54.6

16 %

63.7

22.5 %

Consolidated Total

394.7

116 %

347.4

122.5 %

Exchange Rate: EUR to USD

0.689727

 

0.816393

 

 

 

Geographic Segments

 

Financials in: As Reported (mil)

Interim  

        

External Revenue   USD (mil)

 

31-Mar-12

31-Dec-11

30-Sep-11

30-Jun-11

31-Mar-11

Greece

105.6

84.7 %

211.7

83.7 %

157.5

84.9 %

158.7

86.4 %

106.7

85.7 %

Cyprus

13.4

10.8 %

26.3

10.4 %

19.0

10.3 %

18.0

9.8 %

13.1

10.6 %

Eurozone

0.0

0 %

0.0

0 %

-

-

0.0

0 %

0.0

0 %

Third Countries

5.6

4.5 %

15.0

5.9 %

9.0

4.8 %

7.0

3.8 %

4.7

3.7 %

Segment Total

124.6

100 %

253.0

100 %

185.5

100 %

183.7

100 %

124.5

100 %

Non Distributed Operating Income

0.0

0 %

0.0

0 %

-

-

0.0

0 %

0.0

0 %

Consolidated Total

124.6

100 %

253.0

100 %

185.5

100 %

183.7

100 %

124.5

100 %

Exchange Rate: EUR to USD

0.762971

 

0.741961

 

0.707825

 

0.695476

 

0.731463

 

Intersegment Revenue   USD (mil)

 

31-Mar-12

31-Dec-11

30-Sep-11

30-Jun-11

31-Mar-11

Greece

-9.9

96.1 %

-19.7

96.1 %

-14.9

97.7 %

-14.5

95.8 %

-11.3

97.1 %

Cyprus

-0.1

0.5 %

-0.2

0.9 %

-0.2

1.5 %

-0.3

1.8 %

-0.1

0.4 %

Eurozone

0.0

0 %

0.0

0 %

-

-

0.0

0 %

0.0

0 %

Third Countries

-0.3

3.4 %

-0.6

3 %

-0.1

0.9 %

-0.4

2.4 %

-0.3

2.5 %

Segment Total

-10.3

100 %

-20.5

100 %

-15.2

100 %

-15.1

100 %

-11.7

100 %

Non Distributed Operating Income

0.0

0 %

0.0

0 %

-

-

0.0

0 %

0.0

0 %

Consolidated Total

-10.3

100 %

-20.5

100 %

-15.2

100 %

-15.1

100 %

-11.7

100 %

Exchange Rate: EUR to USD

0.762971

 

0.741961

 

0.707825

 

0.695476

 

0.731463

 

 

Total Revenue   USD (mil)

 

31-Mar-12

31-Dec-11

30-Sep-11

30-Jun-11

31-Mar-11

Greece

95.7

83.7 %

192.0

82.6 %

142.6

83.8 %

144.2

85.5 %

95.4

84.5 %

Cyprus

13.4

11.7 %

26.1

11.2 %

18.8

11 %

17.8

10.5 %

13.1

11.6 %

Eurozone

0.0

0 %

0.0

0 %

-

-

0.0

0 %

0.0

0 %

Third Countries

5.3

4.6 %

14.4

6.2 %

8.9

5.2 %

6.6

3.9 %

4.4

3.9 %

Segment Total

114.4

100 %

232.5

100 %

170.3

100 %

168.6

100 %

112.8

100 %

Non Distributed Operating Income

0.0

0 %

0.0

0 %

-

-

0.0

0 %

0.0

0 %

Consolidated Total

114.4

100 %

232.5

100 %

170.3

100 %

168.6

100 %

112.8

100 %

Exchange Rate: EUR to USD

0.762971

 

0.741961

 

0.707825

 

0.695476

 

0.731463

 

Cost of Revenue   USD (mil)

 

31-Mar-12

31-Dec-11

30-Sep-11

30-Jun-11

31-Mar-11

Greece

42.2

82.3 %

87.7

81.5 %

75.0

84.6 %

58.9

83.4 %

41.0

83.5 %

Cyprus

6.4

12.5 %

12.8

11.9 %

9.2

10.4 %

8.6

12.2 %

6.0

12.2 %

Eurozone

0.0

0 %

0.0

0 %

-

-

0.0

0 %

0.0

0 %

Third Countries

2.7

5.2 %

7.1

6.6 %

4.4

5 %

3.1

4.4 %

2.1

4.3 %

Segment Total

51.3

100 %

107.6

100 %

88.6

100 %

70.6

100 %

49.0

100 %

Non Distributed Operating Income

0.0

0 %

0.0

0 %

-

-

0.0

0 %

0.0

0 %

Consolidated Total

51.3

100 %

107.6

100 %

88.6

100 %

70.6

100 %

49.0

100 %

Exchange Rate: EUR to USD

0.762971

 

0.741961

 

0.707825

 

0.695476

 

0.731463

 

 

Gross Profit   USD (mil)

 

31-Mar-12

31-Dec-11

30-Sep-11

30-Jun-11

31-Mar-11

Greece

53.5

84.8 %

104.3

83.5 %

67.6

82.8 %

-134.7

83.6 %

263.6

85 %

Cyprus

7.0

11 %

13.3

10.6 %

9.6

11.8 %

-19.4

12.1 %

34.2

11 %

Eurozone

0.0

0 %

0.0

0 %

-

-

0.0

0 %

0.0

0 %

Third Countries

2.6

4.1 %

7.3

5.9 %

4.4

5.4 %

-6.9

4.3 %

12.2

3.9 %

Segment Total

63.1

100 %

124.9

100 %

81.7

100 %

-161.0

100 %

310.1

100 %

Non Distributed Operating Income

0.0

0 %

0.0

0 %

-

-

0.0

0 %

0.0

0 %

Consolidated Total

63.1

100 %

124.9

100 %

81.7

100 %

-161.0

100 %

310.1

100 %

Exchange Rate: EUR to USD

0.762971

 

0.741961

 

0.707825

 

0.695476

 

0.731463

 

Gross Margin (%)  

 

31-Mar-12

31-Dec-11

30-Sep-11

30-Jun-11

31-Mar-11

Greece

55.9

-

54.3

-

47.4

-

-93.4

-

276.4

-

Cyprus

52.1

-

50.8

-

51.2

-

-109.3

-

261.5

-

Third Countries

49.4

-

50.9

-

50.0

-

-104.9

-

279.1

-

Segment Total

55.1

-

53.7

-

48.0

-

-95.5

-

274.8

-

Consolidated Total

55.1

-

53.7

-

48.0

-

-95.5

-

274.8

-

 

Depreciation   USD (mil)

 

31-Mar-12

31-Dec-11

30-Sep-11

30-Jun-11

31-Mar-11

Greece

4.2

73.9 %

4.3

73.1 %

4.3

72 %

4.1

72.4 %

4.0

74.7 %

Cyprus

0.4

6.5 %

0.4

7.4 %

0.5

7.6 %

0.5

9.2 %

0.5

8.4 %

Eurozone

0.2

4.3 %

0.2

4 %

0.2

4.1 %

0.3

6 %

0.2

4.3 %

Third Countries

0.9

15.3 %

0.9

15.4 %

1.0

16.2 %

0.7

12.3 %

0.7

12.5 %

Segment Total

5.7

100 %

5.9

100 %

5.9

100 %

5.7

100 %

5.4

100 %

Consolidated Total

5.7

100 %

5.9

100 %

5.9

100 %

5.7

100 %

5.4

100 %

Exchange Rate: EUR to USD

0.762971

 

0.741961

 

0.707825

 

0.695476

 

0.731463

 

Income Before Tax   USD (mil)

 

31-Mar-12

31-Dec-11

30-Sep-11

30-Jun-11

31-Mar-11

Greece

17.1

104.9 %

61.3

92.7 %

27.3

88.6 %

51.7

91.6 %

19.7

110.6 %

Cyprus

5.0

30.7 %

9.0

13.6 %

7.5

24.2 %

6.9

12.3 %

5.0

28.2 %

Eurozone

-5.1

-31.4 %

-8.5

-12.9 %

-5.2

-17 %

-3.2

-5.7 %

-7.4

-41.6 %

Third Countries

-0.7

-4.2 %

4.3

6.5 %

1.3

4.2 %

1.0

1.8 %

0.5

2.8 %

Segment Total

16.3

100 %

66.0

100 %

30.8

100 %

56.4

100 %

17.8

100 %

Non Distributed Operating Income

-

-

-

-

-

-

0.0

0 %

0.0

0 %

Consolidated Total

16.3

100 %

66.0

100 %

30.8

100 %

56.4

100 %

17.8

100 %

Exchange Rate: EUR to USD

0.762971

 

0.741961

 

0.707825

 

0.695476

 

0.731463

 

 

Pre-Tax Margin (%)  

 

31-Mar-12

31-Dec-11

30-Sep-11

30-Jun-11

31-Mar-11

Greece

17.9

-

31.9

-

19.1

-

35.9

-

20.7

-

Cyprus

37.4

-

34.4

-

39.7

-

39.0

-

38.4

-

Third Countries

-12.9

-

30.0

-

14.7

-

15.4

-

11.5

-

Segment Total

14.2

-

28.4

-

18.1

-

33.5

-

15.8

-

Consolidated Total

14.2

-

28.4

-

18.1

-

33.5

-

15.8

-

Total Income Tax   USD (mil)

 

31-Mar-12

31-Dec-11

30-Sep-11

30-Jun-11

31-Mar-11

Greece

0.0

0 %

0.0

0 %

-

-

0.0

0 %

0.0

0 %

Cyprus

0.0

0 %

0.0

0 %

-

-

0.0

0 %

0.0

0 %

Eurozone

3.0

100 %

12.3

100 %

5.5

100 %

12.9

100 %

3.7

100 %

Third Countries

0.0

0 %

0.0

0 %

-

-

0.0

0 %

0.0

0 %

Segment Total

3.0

100 %

12.3

100 %

5.5

100 %

12.9

100 %

3.7

100 %

Non Distributed Operating Income

0.0

0 %

0.0

0 %

-

-

0.0

0 %

0.0

0 %

Consolidated Total

3.0

100 %

12.3

100 %

5.5

100 %

12.9

100 %

3.7

100 %

Exchange Rate: EUR to USD

0.762971

 

0.741961

 

0.707825

 

0.695476

 

0.731463

 

 

Income After Tax   USD (mil)

 

31-Mar-12

31-Dec-11

30-Sep-11

30-Jun-11

31-Mar-11

Greece

17.1

128.7 %

61.3

114 %

27.3

107.9 %

51.7

118.7 %

19.7

139.5 %

Cyprus

5.0

37.6 %

9.0

16.7 %

7.5

29.5 %

6.9

15.9 %

5.0

35.6 %

Eurozone

-8.1

-61.1 %

-20.8

-38.7 %

-10.8

-42.6 %

-16.1

-36.9 %

-11.1

-78.6 %

Third Countries

-0.7

-5.2 %

4.3

8 %

1.3

5.2 %

1.0

2.3 %

0.5

3.5 %

Segment Total

13.3

100 %

53.7

100 %

25.3

100 %

43.6

100 %

14.1

100 %

Consolidated Total

13.3

100 %

53.7

100 %

25.3

100 %

43.6

100 %

14.1

100 %

Exchange Rate: EUR to USD

0.762971

 

0.741961

 

0.707825

 

0.695476

 

0.731463

 

Net Profit Margin (%)  

 

31-Mar-12

31-Dec-11

30-Sep-11

30-Jun-11

31-Mar-11

Greece

17.9

-

31.9

-

19.1

-

35.9

-

20.7

-

Cyprus

37.4

-

34.4

-

39.7

-

39.0

-

38.4

-

Third Countries

-12.9

-

30.0

-

14.7

-

15.4

-

11.5

-

Segment Total

11.6

-

23.1

-

14.9

-

25.8

-

12.5

-

Consolidated Total

11.6

-

23.1

-

14.9

-

25.8

-

12.5

-

 

Total Assets   USD (mil)

 

31-Mar-12

31-Dec-11

30-Sep-11

30-Jun-11

31-Mar-11

Greece

607.3

75.7 %

557.5

75 %

574.8

74.8 %

590.9

73.8 %

565.1

74.8 %

Cyprus

70.0

8.7 %

68.5

9.2 %

72.9

9.5 %

79.4

9.9 %

76.8

10.2 %

Third Countries

124.5

15.5 %

117.6

15.8 %

121.1

15.7 %

130.3

16.3 %

113.3

15 %

Segment Total

801.8

100 %

743.5

100 %

768.9

100 %

800.6

100 %

755.2

100 %

Non Distributed Operating Income

305.0

38 %

387.7

52.1 %

333.4

43.4 %

352.3

44 %

346.6

45.9 %

Consolidated Total

1,106.8

138 %

1,131.2

152.1 %

1,102.2

143.4 %

1,152.9

144 %

1,101.8

145.9 %

Exchange Rate: EUR to USD

0.753463

 

0.770327

 

0.745323

 

0.689727

 

0.704672

 

Total Liabilities   USD (mil)

 

31-Mar-12

31-Dec-11

30-Sep-11

30-Jun-11

31-Mar-11

Greece

309.6

97.4 %

339.9

97.1 %

317.3

97.2 %

328.9

96.7 %

333.1

96.3 %

Cyprus

4.1

1.3 %

5.5

1.6 %

5.0

1.5 %

5.7

1.7 %

9.2

2.6 %

Third Countries

4.2

1.3 %

4.6

1.3 %

4.1

1.3 %

5.5

1.6 %

3.7

1.1 %

Segment Total

318.0

100 %

350.0

100 %

326.3

100 %

340.2

100 %

346.1

100 %

Non Distributed Operating Income

41.1

12.9 %

63.2

18.1 %

50.3

15.4 %

54.6

16 %

56.5

16.3 %

Consolidated Total

359.1

112.9 %

413.2

118.1 %

376.7

115.4 %

394.7

116 %

402.6

116.3 %

Exchange Rate: EUR to USD

0.753463

 

0.770327

 

0.745323

 

0.689727

 

0.704672

 

 

Purchase of Fixed Assets   USD (mil)

 

31-Mar-12

31-Dec-11

30-Sep-11

Greece

11.8

68.1 %

10.8

84.6 %

27.2

97.3 %

Cyprus

0.0

0.2 %

0.1

0.7 %

0.1

0.2 %

Third Countries

5.5

31.7 %

1.9

14.7 %

0.7

2.5 %

Segment Total

17.3

100 %

12.8

100 %

28.0

100 %

Consolidated Total

17.3

100 %

12.8

100 %

28.0

100 %

Exchange Rate: EUR to USD

0.762971

 

0.741961

 

0.707825

 

 

 

Business Segments

Financials in: As Reported (mil)

Annual 

           

 

External Revenue   USD (mil)

 

30-Jun-11

30-Jun-10

30-Jun-09

30-Jun-08

30-Jun-07

Toys Retailing

213.3

32 %

227.0

33.6 %

633.1

98.3 %

584.6

97.5 %

442.6

99 %

Baby Products

79.4

11.9 %

86.8

12.9 %

-

-

-

-

-

-

Stationary

50.6

7.6 %

48.2

7.1 %

-

-

-

-

-

-

Seasonal

168.5

25.3 %

176.1

26.1 %

-

-

-

-

-

-

Home Products

154.8

23.2 %

137.0

20.3 %

-

-

-

-

-

-

Toys Wholesaling

-

-

-

-

6.8

1.1 %

7.8

1.3 %

4.5

1 %

Other

0.3

0 %

0.3

0 %

-

-

-

-

-

-

Non Distributed / Other

-

-

-

-

3.9

0.6 %

7.4

1.2 %

-

-

Segment Total

666.9

100 %

675.5

100 %

643.8

100 %

599.8

100 %

447.1

100 %

Consolidated Total

666.9

100 %

675.5

100 %

643.8

100 %

599.8

100 %

447.1

100 %

Exchange Rate: EUR to USD

0.734700

 

0.721483

 

0.731067

 

0.681859

 

0.766423

 

Total Revenue   USD (mil)

 

30-Jun-11

30-Jun-10

30-Jun-09

30-Jun-08

30-Jun-07

Toys Retailing

213.3

32 %

227.0

33.6 %

633.1

98.3 %

584.6

97.5 %

442.6

99 %

Baby Products

79.4

11.9 %

86.8

12.9 %

-

-

-

-

-

-

Stationary

50.6

7.6 %

48.2

7.1 %

-

-

-

-

-

-

Seasonal

168.5

25.3 %

176.1

26.1 %

-

-

-

-

-

-

Home Products

154.8

23.2 %

137.0

20.3 %

-

-

-

-

-

-

Toys Wholesaling

-

-

-

-

6.8

1.1 %

7.8

1.3 %

4.5

1 %

Other

0.3

0 %

0.3

0 %

-

-

-

-

-

-

Non Distributed / Other

-

-

-

-

3.9

0.6 %

7.4

1.2 %

-

-

Segment Total

666.9

100 %

675.5

100 %

643.8

100 %

599.8

100 %

447.1

100 %

Consolidated Total

666.9

100 %

675.5

100 %

643.8

100 %

599.8

100 %

447.1

100 %

Exchange Rate: EUR to USD

0.734700

 

0.721483

 

0.731067

 

0.681859

 

0.766423

 

 

 

Business Segments

Financials in: As Reported (mil)

Interim  

        

 

External Revenue   USD (mil)

 

31-Mar-12

31-Dec-11

30-Sep-11

30-Jun-11

31-Mar-11

Toys Retailing

34.5

30.2 %

90.3

38.8 %

42.1

24.7 %

48.1

28.5 %

33.8

29.9 %

Baby Products

14.0

12.2 %

19.9

8.5 %

23.2

13.6 %

20.9

12.4 %

15.8

14 %

Stationary

7.8

6.9 %

13.4

5.7 %

24.1

14.1 %

6.9

4.1 %

7.7

6.9 %

Seasonal

26.8

23.5 %

61.3

26.4 %

35.6

20.9 %

46.3

27.5 %

25.4

22.5 %

Home Products

31.0

27.1 %

47.6

20.5 %

45.3

26.6 %

46.4

27.5 %

29.9

26.5 %

Other

0.2

0.1 %

0.1

0 %

0.0

0 %

0.0

0 %

0.2

0.1 %

Segment Total

114.4

100 %

232.5

100 %

170.3

100 %

168.6

100 %

112.8

100 %

Consolidated Total

114.4

100 %

232.5

100 %

170.3

100 %

168.6

100 %

112.8

100 %

Exchange Rate: EUR to USD

0.762971

 

0.741961

 

0.707825

 

0.695476

 

0.731463

 

Total Revenue   USD (mil)

 

31-Mar-12

31-Dec-11

30-Sep-11

30-Jun-11

31-Mar-11

Toys Retailing

34.5

30.2 %

90.3

38.8 %

42.1

24.7 %

48.1

28.5 %

33.8

29.9 %

Baby Products

14.0

12.2 %

19.9

8.5 %

23.2

13.6 %

20.9

12.4 %

15.8

14 %

Stationary

7.8

6.9 %

13.4

5.7 %

24.1

14.1 %

6.9

4.1 %

7.7

6.9 %

Seasonal

26.8

23.5 %

61.3

26.4 %

35.6

20.9 %

46.3

27.5 %

25.4

22.5 %

Home Products

31.0

27.1 %

47.6

20.5 %

45.3

26.6 %

46.4

27.5 %

29.9

26.5 %

Other

0.2

0.1 %

0.1

0 %

0.0

0 %

0.0

0 %

0.2

0.1 %

Segment Total

114.4

100 %

232.5

100 %

170.3

100 %

168.6

100 %

112.8

100 %

Consolidated Total

114.4

100 %

232.5

100 %

170.3

100 %

168.6

100 %

112.8

100 %

Exchange Rate: EUR to USD

0.762971

 

0.741961

 

0.707825

 

0.695476

 

0.731463

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.34

UK Pound

1

Rs.86.45

Euro

1

Rs.68.43

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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 SC’s 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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.