CONTENTS 2 – 48 To our shareholders 2 Letter to shareholders 10 Strategy 22 Corporate Communications 26 Arcandor share 28 Report of the Supervisory Board 37 Corporate Governance 49 – 70 Operating segments 50 Thomas Cook 56 Primondo 62 Karstadt 70 Insights 2007 71 – 100 Consolidated management report 71 Detailed table of contents 72 Key points 73 General economic conditions 75 Business performance in the 2007 short financial year 101 – 162 Consolidated financial statements 101 Detailed table of contents 102 Consolidated financial statements 106 Notes to the consolidated ons: financial statements 161 Auditor’s report 162 Responsibility statement rategic 163 – 167 Further information 164 Glossary 166 Index ation. ANNUAL REPORT OF THE GROUP 01.01. TO 30.09.2007 At a glance Overview of the operating segments of the Arcandor Group Your contacts Important Investor Relations dates CONTENTS Change 30.09.2007 30.09.2006* in % 31.12.2006* THOMAS COOK Annual General Meeting Investor Relations (Düsseldorf) April 23, 2008 SALES Thomas Cook Group plc is a leading global tourism group with Phone: +49 (0)201 727 98 16 2 – 48 To our shareholders Interim reports 2 Letter to shareholders Fax: +49 (0)201 727 98 54 Thomas Cook mill. € 8,447.8 2,503.1 - 3,886.7 Quarter 1 February 14, 2008 10 Strategy excellent market positions in Europe and North America and a
[email protected] Primondo mill. € 2,889.4 2,778.0 4.0 3,984.2 Quarter 2 May 15, 2008 22 Corporate Communications 26 Arcandor share Karstadt mill. € 2,861.6 2,940.4 -2.7 4,372.6 large portfolio of attractive brands.