1 Figures until 2008 were adjusted due to changes in presentation of segment reporting in 2008. 2 Figures until 2009 were adjusted due to changes in presentation of the consolidated income statement from using nature of costs method to using the cost of sales method. 3 Certain amounts shown here do not correspond to the 2011 consolidated financial statements and reflect adjustments made (as detailed in Notes to the Consolidated Financial Statements, Changes in accounting policy / Changes in presentation). 4 Since 2004: including non-recurring positions. 5 EBITDA before special items/Sales. 6 Figures until 2008 were adjusted by liabilities from finance lease. 7 Net financial liabilities/EBITDA before special items and expenses for the stock appreciation rights program. 8 2012: Dividend proposal. 9 Special dividend payment of EUR 345.1 million and EUR 5.00 per ordinary and preferred share. |
|||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | ||||||||||||||||
| Sales (in EUR million) | 2,345.9 | 2,058.8 | 1,729.4 | 1,561.9 | 1,686.1 | 1,632.0 | 1,495.5 | 1,309.4 | 1,168.4 | 1,054.1 | |||||||||||||||
| Sales by segments 1 | |||||||||||||||||||||||||
| Europe incl. Middle East and Africa | 1,378.0 | 1,245.4 | 1,073.2 | 1,041.3 | 1,170.0 | 1,151.1 | 1,056.8 | 925.8 | - | - | |||||||||||||||
| Americas | 558.7 | 454.8 | 380.7 | 312.2 | 307.0 | 298.0 | 273.1 | 233.2 | - | - | |||||||||||||||
| Asia/Pacific | 352.7 | 309.3 | 230.4 | 164.7 | 162.1 | 134.0 | 122.5 | 109.0 | - | - | |||||||||||||||
| Royalties | 56.5 | 49.3 | 45.1 | 43.7 | 47.0 | 48.9 | 43.1 | 41.4 | 40.4 | 53.2 | |||||||||||||||
| Sales by distribution channel | |||||||||||||||||||||||||
| Wholesale | 1,139.7 | 1,085.3 | 993.2 | 1,007.9 | 1,183.3 | 1,167.0 | 1,094.3 | 982.1 | 894.3 | 792.2 | |||||||||||||||
| Group's own retail business | 1,149.7 | 924.2 | 691.1 | 510.3 | 455.8 | 416.1 | 358.2 | 285.9 | 233.7 | 208.7 | |||||||||||||||
| Royalties | 56.5 | 49.3 | 45.1 | 43.7 | 47.0 | 48.9 | 43.1 | 41.4 | 40.4 | 53.2 | |||||||||||||||
| Results of operations (in EUR million) | |||||||||||||||||||||||||
| Gross profit 2 | 1,453.2 | 1,264.8 | 1,027.2 | 847.1 | 891.0 | 845.0 | 759.8 | 644.5 | 551.3 | - | |||||||||||||||
| Gross profit margin in % 2 | 61.9 | 61.4 | 59.4 | 54.2 | 52.8 | 51.8 | 50.8 | 49.2 | 47.2 | - | |||||||||||||||
| EBITDA 3, 4 | 525.1 | 468.0 | 340.1 | 226.5 | 235.8 | 284.2 | 235.3 | 207.9 | 173.8 | 152.1 | |||||||||||||||
| EBITDA before special items 3 | 529.3 | 469.5 | 353.7 | 269.2 | 272.2 | 271.8 | 235.3 | 207.9 | 173.8 | 152.1 | |||||||||||||||
| Adjusted EBITDA margin in % 3, 5 | 22.6 | 22.8 | 20.5 | 17.2 | 16.1 | 16.7 | 15.7 | 15.9 | 14.9 | 14.4 | |||||||||||||||
| EBIT 3, 4 | 433.2 | 394.6 | 267.9 | 157.4 | 174.8 | 216.8 | 186.3 | 166.6 | 136.4 | 119.2 | |||||||||||||||
| Net income attributable to shareholders 3 | 307.4 | 284.9 | 188.9 | 105.5 | 112.0 | 152.0 | 130.3 | 110.8 | 88.9 | - | |||||||||||||||
| Net assets and liability structure as of December 31 (in EUR million) | |||||||||||||||||||||||||
| Trade net working capital | 417.6 | 407.3 | 322.7 | 295.6 | 458.3 | 421.7 | 339.6 | 329.6 | 311.7 | 353.8 | |||||||||||||||
| Non-current assets 3 | 585.9 | 501.8 | 454.5 | 435.0 | 463.0 | 400.5 | 397.9 | 360.6 | 331.9 | 257.9 | |||||||||||||||
| Equity | 637.9 | 523.2 | 361.2 | 205.5 | 202.9 | 550.7 | 499.9 | 467.8 | 415.6 | 399.5 | |||||||||||||||
| Equity ratio in % 3 | 40.3 | 36.7 | 26.9 | 19.3 | 17.5 | 53.0 | 53.0 | 54.8 | 51.3 | 52.9 | |||||||||||||||
| Total assets 3 | 1,584.5 | 1,425.9 | 1,342.8 | 1,065.4 | 1,161.6 | 1,039.3 | 943.1 | 854.0 | 810.4 | 754.5 | |||||||||||||||
| Financial position and dividend (in EUR million) | |||||||||||||||||||||||||
| Free cash flow 3 | 220.6 | 194.9 | 246.3 | 299.5 | 48.1 | 33.0 | 76.1 | 115.0 | 62.3 | 48.3 | |||||||||||||||
| Net financial liabilities (as of December 31) 6 | 130.4 | 149.1 | 201.1 | 379.1 | 583.2 | 168.2 | 112.1 | 102.5 | 149.8 | 142.3 | |||||||||||||||
| Capital expenditure | 165.8 | 108.5 | 55.6 | 48.3 | 118.8 | 84.7 | 98.5 | 76.6 | 57.3 | 46.3 | |||||||||||||||
| Depreciation/amortization | 91.9 | 73.4 | 72.2 | 69.1 | 61.0 | 67.4 | 49.0 | 41.3 | 37.4 | 32.9 | |||||||||||||||
| Total leverage (as of December 31) 7 | 0.2 | 0.3 | 0.6 | 1.4 | 2.1 | 0.6 | 0.5 | 0.5 | 0.9 | 0.9 | |||||||||||||||
| Dividend payment | 215.3 8 | 199.1 | 139.7 | 66.6 | 94.9 | 100.4 9 | 82.5 | 70.2 | 59.2 | 55.2 | |||||||||||||||
| Additional factors for success | |||||||||||||||||||||||||
| Employees (as of December 31) | 11,852 | 11,004 | 9,944 | 9,027 | 9,593 | 9,123 | 8,441 | 7,584 | 6,942 | 5,110 | |||||||||||||||
| Personnel expenses (in EUR million) 3 | 450.3 | 373.7 | 364.5 | 329.4 | 353.0 | 302.6 | 275.5 | 234.5 | 197.2 | 170.5 | |||||||||||||||
| Number of Group's own retail stores | 840 | 622 | 537 | 438 | 390 | 333 | 249 | 183 | 129 | 110 | |||||||||||||||
| Shares (in EUR) | |||||||||||||||||||||||||
| Earnings per share | |||||||||||||||||||||||||
| Ordinary share 3 | 4.45 | 4.12 | 2.73 | 1.52 | 1.62 | 2.20 | 1.88 | 1.59 | 1.26 | - | |||||||||||||||
| Preferred share 3 | - | 4.13 | 2.74 | 1.53 | 1.63 | 2.21 | 1.89 | 1.60 | 1.27 | - | |||||||||||||||
| Dividend per share | |||||||||||||||||||||||||
| Ordinary share | 3.12 8 | 2.88 | 2.02 | 0.96 | 1.37 | 1.45 9 | 1.19 | 1.00 | 0.84 | - | |||||||||||||||
| Preferred share | - | 2.89 | 2.03 | 0.97 | 1.38 | 1.46 9 | 1.20 | 1.01 | 0.85 | - | |||||||||||||||
| Last share price (as of December 31) | |||||||||||||||||||||||||
| Ordinary share | 79.80 | 55.19 | 49.23 | 20.22 | 17.30 | 39.60 | 41.00 | 30.50 | 23.45 | 15.90 | |||||||||||||||
| Preferred share | - | 56.90 | 56.50 | 24.55 | 14.40 | 39.00 | 38.92 | 29.70 | 24.50 | 15.95 | |||||||||||||||
| Number of shares (as of December 31) | 70,400,000 | 70,400,000 | 70,400,000 | 70,400,000 | 70,400,000 | 70,400,000 | 70,400,000 | 70,400,000 | 70,400,000 | 70,400,000 | |||||||||||||||
| Ordinary shares | 70,400,000 | 35,860,000 | 35,860,000 | 35,860,000 | 35,860,000 | 35,860,000 | 35,860,000 | 35,860,000 | 35,860,000 | 35,860,000 | |||||||||||||||
| Preferred shares | 0 | 34,540,000 | 34,540,000 | 34,540,000 | 34,540,000 | 34,540,000 | 34,540,000 | 34,540,000 | 34,540,000 | 34,540,000 | |||||||||||||||