DOCSLIB.ORG

Bringing Life to Technology

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Bringing Life to Technology Bringing life to technology Annual Report and Accounts 2008/09 Contents Directors’ Report Financial Statements Business Overview Strategic Summary 63 Independent Auditors’ Report 1 DSGi’s Five Point Plan 34 Group Overview 64 Consolidated Income Statement 6 Group at a Glance 34 The market in which the 65 Consolidated Statement of 8 Highlights Group operates Recognised Income and Expense 9 Chairman’s Statement 34 Principal activities 66 Consolidated Balance Sheet 10 Chief Executive’s Statement 34 Overview of products 67 Consolidated Cash Flow Statement and services 68 Notes to the Financial Statements Performance Review 35 Key Performance Indicators 111 Independent Auditors’ Report on the 14 Overview (KPIs) Parent Company Financial Statements 16 UK & Ireland 36 Risks to achieving the 112 Balance Sheet of the Parent Company 16 UK & Ireland Electricals Group’s objectives 113 Notes to the Parent Company 18 UK Computing Financial Statements 20 Nordics Corporate Governance 21 Other International 40 Board of Directors 21 Southern Europe 41 Executive Committee Information for Shareholders 22 Central Europe 42 Statutory Information 23 e-commerce 45 Corporate Governance Report 118 Five Year Record 24 Group Financial Summary 49 Audit Committee Report 120 Shareholder Information 28 Corporate Responsibility Review 50 Nominations Committee Report 121 Index 51 Remuneration Report 62 Directors’ Responsibilities A five point plan for the renewal and transformation of the Group Cautionary statement Certain statements made in this Annual Report and Accounts are forward-looking statements. Such statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from any expected future events or results referred to in these forward-looking statements. Unless otherwise required by applicable laws, regulations or accounting standards, we do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. Nothing in this Annual Report and Accounts should be regarded as a profit forecast. Business Overview Listen 1.We are listening to our customers and delivering what they want, providing Performance Review better value, choice and service. Our new ‘FIVES’ selling process helps Strategic Summary colleagues better understand our customers’ needs, and to help them get the most out of their products, we offer our customers an unbeatable combination of value, choice and service. Corporate Governance Financial Statements Information for Shareholders DSG international plc Annual Report and Accounts 2008/09 1 Fast forward 2.We are transforming the business with new and better ranges, stores and selling processes. We are improving our stores, making them easier to navigate with more interactive product displays. Product ranges in every category are being improved to provide better choices for our customers. 2 DSG international plc Annual Report and Accounts 2008/09 Business Overview Performance Review Strategic Summary Focus Corporate Governance 3.We are looking at all of our businesses and focusing on winning positions. Financial Statements By focusing the Group on winning positions and on our customers’ needs, we are confident of delivering 3% to 4% return on sales over the medium term. Information for Shareholders DSG international plc Annual Report and Accounts 2008/09 3 Click 4.We are winning on the internet with over £1.2 billion of sales achieved in 2008/09 and we’re still growing. DSGi is the number one electrical retailer on the internet in Europe. Going forward, we will become leaders of multi-channel retailing, giving customers a choice of online, in-store or a combination of both through reserve&collect and collect@store. 4 DSG international plc Annual Report and Accounts 2008/09 Business Overview Reduce 5.We are reducing costs and driving efficiency. In 2008/09 we achieved £95 million of cost Performance Review savings with a further £200 million identified over the next four years. One set of processes makes the Strategic Summary business better for customers, easier for our colleagues and cheaper to operate. Corporate Governance Financial Statements Information for Shareholders DSG international plc Annual Report and Accounts 2008/09 5 Directors’ Report: Business Overview Group at a Glance Underlying sales by division ■ UK & Ireland £4,228.6m ■ Nordics £1,625.2m ■ Other International £1,565.8m ■ e-commerce £807.4m Our brandsDescription Highlights The UK and Ireland’s biggest specialist Currys opened its flagship 55,000 sq ft Megastore and refitted a number electricals chain, combining Currys of Superstores and Currys.digital stores. It also launched further services Megastores and Superstores and for customers including next-day delivery and market leading three-hour Currys.digital on the high street. Dixons timed delivery slots. Travel stores are based at UK airports During the year, Dixons Tax Free rebranded as Dixons Travel and new and the Eurotunnel terminal. format stores were introduced, including a first PC World airport store Ireland operates as Currys and at Heathrow, Terminal 5. PC World. UK & Ireland Electricals UK & Ireland PC World is the UK’s biggest chain of PC World unveiled its new store concept which helps customers get computing superstores. DSGi Business the most out of their shopping trip with numerous ‘experience zones’ is the specialist provider of business to try out hundreds of products throughout the store. ‘Get Connected’, IT solutions comprising PC World a market-beating mobile broadband proposition was launched, offering the Business, Equanet, MacWarehouse biggest range of subsidised or free laptops and netbooks. Improvements and Microwarehouse. The TechGuys are being made to The TechGuys operations to provide improved choices are the UK’s largest national digital and services for customers. support service for customers in-store and in their homes. UK Computing UK & Ireland Elkjøp is the leading electrical retailer At the start of the year, Elkjøp opened a new Megastore in Lørenskog across the Nordics. in Norway. Offering customers significantly increased ranges, it has had a strong first year’s trading with positive customer feedback. A further Elkjøp and Lefdal stores operate in two Megastores have been opened in the Nordics during the year. Norway, El Giganten stores operate in Sweden and Denmark and Gigantti stores operate in Finland. Nordics Greece’s leading electrical retailer Greece grew market share in a challenging market and Turkey performed operates as Kotsovolos and in line with expectations. The turnaround plan in Italy is showing progress Electro World. Electro World with encouraging signs in a difficult economic environment. A store closure stores also operate in Turkey. programme concluded ahead of schedule, and management have made significant improvements in a number of areas, including stock levels, In Italy, we operate UniEuro electrical availability and margins. In Spain, a plan to reduce costs, manage stocks stores, some with PC City ‘stores- and preserve cash has been implemented. in-stores’. PC City also operates in Spain. Southern Europe Electro World stores operate in the Operations in the Czech Republic continue to perform well despite the weak Czech Republic, Poland and Slovakia. environment. The Group’s first stores in Slovakia have performed in line with expectations. In May, the Group announced it had sold the operations of Electro World Hungary, confirming at the same time that Poland remains under strategic review. Central Europe Other International PIXmania.com is a pan-European PIXmania performed well in most of its key markets, although sales growth online electrical retailer. was impacted by the slowing consumer environment, and sales in the UK were held back by the strength of the euro. Dixons.co.uk is one of the leading UK electrical e-tailers. Dixons.co.uk continues to improve its consumer proposition which will be bolstered further when it transitions to the PIXmania e-merchant platform. e-commerce 6 DSG international plc Annual Report and Accounts 2008/09 Business Overview Countries we operate in Performance Review Stores and online presence Online presence only Stores only Average selling Website Underlying sales Stores Selling space area per store Employees £million ’000 sq ft sq ft www.currys.co.uk 2,657.8 551 5,317 9,650 22,978 Strategic Summary www.pcworld.co.uk www.pcwb.co.uk 1,570.8 161 2,545 15,807 www.thetechguys.com www.elkjop.no Corporate Governance www.elgiganten.se 1,625.2 247 3,562 14,421 5,966 www.elgiganten.dk www.gigantti.fi www.lefdal.com www.kotsovolos.gr www.unieuro.it 1,405.4 325 4,593 14,132 6,802 www.pccity.es www.electroworld.gr Financial Statements www.electroworld.cz www.electroworld.pl 160.4 29 755 26,034 1,358 www.pixmania.com www.dixons.co.uk 807.4 – – – 1,213 Information for Shareholders DSG international plc Annual Report and Accounts 2008/09 7 Directors’ Report: Business Overview Highlights Underlying Group sales* £million Underlying profit before tax* £million 2008/09 8,227.0 2008/09 50.5 2007/08 8,338.6 2007/08 225.6 2006/07 7,834.5 2006/07 307.9 2005/06 6,888.2 2005/06 321.7 2004/05 6,392.1 2004/05 298.6 Underlying diluted earnings per share* Pence Dividends per share Pence 2008/09 0.7 2008/09 n/a 2007/08 7.2 2007/08 5.45 2006/07 9.6 2006/07 8.87 2005/06 10.2 2005/06 8.45 2004/05 9.3 2004/05 8.05 *Underlying results exclude the trading results of businesses to be closed, impact of amortisation of acquired intangibles, net restructuring and business impairment charges, other one-off non-recurring items, profit on sale of investments, net fair value remeasurements of financial instruments and, where applicable, discontinued operations. 8 DSG international plc Annual Report and Accounts 2008/09 Business Overview Chairman’s Statement Well placed to deliver the Renewal and Performance Review Transformation plan Sir John Collins John Allan and Sir John Collins Extraordinary times call for extraordinary effort, initiative plan and our determination to serve the customer better Strategic Summary and resilience.
Load more

Recommended publications
  • Parker Review
    Ethnic Diversity Enriching Business Leadership An update report from The Parker Review Sir John Parker The Parker Review Committee 5 February 2020 Principal Sponsor Members of the Steering Committee Chair: Sir John Parker GBE, FREng Co-Chair: David Tyler Contents Members: Dr Doyin Atewologun Sanjay Bhandari Helen Mahy CBE Foreword by Sir John Parker 2 Sir Kenneth Olisa OBE Foreword by the Secretary of State 6 Trevor Phillips OBE Message from EY 8 Tom Shropshire Vision and Mission Statement 10 Yvonne Thompson CBE Professor Susan Vinnicombe CBE Current Profile of FTSE 350 Boards 14 Matthew Percival FRC/Cranfield Research on Ethnic Diversity Reporting 36 Arun Batra OBE Parker Review Recommendations 58 Bilal Raja Kirstie Wright Company Success Stories 62 Closing Word from Sir Jon Thompson 65 Observers Biographies 66 Sanu de Lima, Itiola Durojaiye, Katie Leinweber Appendix — The Directors’ Resource Toolkit 72 Department for Business, Energy & Industrial Strategy Thanks to our contributors during the year and to this report Oliver Cover Alex Diggins Neil Golborne Orla Pettigrew Sonam Patel Zaheer Ahmad MBE Rachel Sadka Simon Feeke Key advisors and contributors to this report: Simon Manterfield Dr Manjari Prashar Dr Fatima Tresh Latika Shah ® At the heart of our success lies the performance 2. Recognising the changes and growing talent of our many great companies, many of them listed pool of ethnically diverse candidates in our in the FTSE 100 and FTSE 250. There is no doubt home and overseas markets which will influence that one reason we have been able to punch recruitment patterns for years to come above our weight as a medium-sized country is the talent and inventiveness of our business leaders Whilst we have made great strides in bringing and our skilled people.
    [Show full text]
  • Appointment of Group Finance Director
    27 March 2018 Embargoed until 7.00am Appointment of Group Finance Director Dixons Carphone plc (the "Company") announces the appointment of Jonny Mason to its Board as Group Finance Director, with effect from a date to be confirmed. Jonny has been Chief Financial Officer of Halfords plc since 2015 and was Interim Chief Executive Officer between September 2017 and January 2018. Prior to that Jonny was CFO of Scandi Standard AB, a Scandinavian company which successfully listed in Stockholm in June 2014. Jonny’s early career included CFO at Odeon and UCI Cinemas, Finance Director of Sainsbury’s Supermarkets and finance roles at Shell and Hanson plc. Ian Livingston, Chairman of Dixons Carphone, said: “The Board and I are very pleased to welcome Jonny Mason to the Group. Together with Alex Baldock, we now have a great new team to lead Dixons Carphone.” Alex Baldock, incoming Chief Executive Officer of Dixons Carphone, said: “I am delighted to have Jonny by my side. He has an outstanding track record and brings the experience and qualities we need to take Dixons Carphone into the next phase of its transformation.” Jonny Mason said: “I am thrilled to be joining Dixons Carphone. The business has undergone a tremendous journey over recent years and is well placed to meet customers’ ever growing and complex needs for technology. I have experienced first-hand as a customer the quality of our shops, product and services, from my time living in both the UK and Norway, and I feel proud to join the Group to work with Alex, the Board and our great team of colleagues.” There is no information which is required to be disclosed pursuant to Listing Rule 9.6.13.
    [Show full text]
  • BP Dropped 4.5% As It Revealed a 50% Fall in Profits
    Market Roundup Chart 1: Inflation (CPI) projection Shares were on a losing streak this week ahead of next Tuesday’s US presidential election. The FTSE 100 index was off 0.6% on Monday, although with October coming to a close the blue-chip index still recorded its fifth monthly increase in a row. Tuesday saw the FTSE 100 lose another 0.5% amid rising concerns about a possible Trump victory in the US election. Royal Dutch Shell shares jumped 4% after announcing better than expected third-quarter profits, but BP dropped 4.5% as it revealed a 50% fall in profits. The market fell 1% on Wednesday as opinion polls continued to narrow in the US. Standard Chartered lost 4.3%, falling for the second day running after disappointing third-quarter results on Tuesday, while Barclays was off 2.5%. Source: Bank of England Inflation Report Data at 4/11/2016 However G4S leapt 10.3% on a positive trading update. EasyJet, among the FTSE 100’s worst performers this year, also rose 2.9% Chart 2: Markit/CIPS Manufacturing PMI after HSBC upgraded the airline’s shares to a “buy” and lifted its target price from 800p to 1,150p. 60 On Thursday the FTSE 100 was down another 0.8% - though mid-cap 58 shares rose - as the pound strengthened after the High Court ruled the 56 government would need parliamentary approval to trigger Article 50, 54 the treaty clause to leave the EU. 52 GlaxoSmithKline, a major beneficiary of sterling weakness, lost 3.3%, 50 while Pearson was down 2.1%.
    [Show full text]
  • FTSE Factsheet
    FTSE COMPANY REPORT Share price analysis relative to sector and index performance WH Smith SMWH Retailers — GBP 17.425 at close 29 September 2021 Absolute Relative to FTSE UK All-Share Sector Relative to FTSE UK All-Share Index PERFORMANCE 29-Sep-2021 29-Sep-2021 29-Sep-2021 22 180 180 1D WTD MTD YTD 170 170 Absolute 0.0 1.8 6.8 15.4 20 Rel.Sector -0.7 3.0 5.5 -1.4 160 160 Rel.Market -0.9 1.5 7.7 4.1 18 150 150 140 VALUATION 16 140 130 Trailing 14 130 Relative Price Relative Relative Price Relative 120 120 PE -ve 110 Absolute Price (local (local currency) AbsolutePrice 12 EV/EBITDA 30.8 110 100 10 PB 9.6 90 100 PCF 26.4 8 80 90 Div Yield 0.0 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Price/Sales 2.1 Absolute Price 4-wk mov.avg. 13-wk mov.avg. Relative Price 4-wk mov.avg. 13-wk mov.avg. Relative Price 4-wk mov.avg. 13-wk mov.avg. Net Debt/Equity 4.3 100 100 100 Div Payout 0.0 90 90 90 ROE -ve 80 80 80 70 70 Index) Share 70 Share Sector) Share - - 60 60 60 DESCRIPTION 50 50 50 The principal activity of the Company is retailing and 40 40 40 RSI RSI (Absolute) associated activities in UK. 30 30 30 20 20 20 10 10 10 RSI (Relative to FTSE UKFTSE All to RSI (Relative RSI (Relative to FTSE UKFTSE All to RSI (Relative 0 0 0 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Past performance is no guarantee of future results.
    [Show full text]
  • The World's Most Active Consumer Electronics Professionals on Social
    Europe's Most Active Consumer Electronics Professionals on Social - May 2021 Industry at a glance: Why should you care? So, where does your company rank? Position Company Name LinkedIn URL Location Employees on LinkedIn No. Employees Shared (Last 30 Days) % Shared (Last 30 Days) 1 EPOS https://www.linkedin.com/company/eposaudio/Denmark 438) 121) 27.63% 2 VanMoof https://www.linkedin.com/company/vanmoof/Netherlands 346) 80) 23.12% 3 ATAG Benelux https://www.linkedin.com/company/atagbenelux/Netherlands 269) 59) 21.93% 4 Eurofred https://www.linkedin.com/company/eurofred-group/Spain 206) 43) 20.87% 5 Zound Industries https://www.linkedin.com/company/zoundindustries/Sweden 245) 49) 20.00% 6 Cellularline https://www.linkedin.com/company/cellularline-group/Italy 227) 44) 19.38% 7 Jabra https://www.linkedin.com/company/jabra/Denmark 1,898) 351) 18.49% 8 Swappie https://www.linkedin.com/company/swappie/Finland 331) 57) 17.22% 9 Trust International https://www.linkedin.com/company/trustofficial/Netherlands 261) 41) 15.71% 10 LDLC https://www.linkedin.com/company/ldlc/France 393) 58) 14.76% 11 Devialet https://www.linkedin.com/company/devialet/France 326) 46) 14.11% 12 Netatmo https://www.linkedin.com/company/netatmo/France 251) 35) 13.94% 13 Skousen https://www.linkedin.com/company/skousen/Denmark 235) 30) 12.77% 14 WhiteAway https://www.linkedin.com/company/whiteaway-group/Denmark 252) 31) 12.30% 15 - COYOTE - https://www.linkedin.com/company/coyotesystem/France 340) 38) 11.18% 16 Bang & Olufsen https://www.linkedin.com/company/bangolufsen/Denmark
    [Show full text]
  • Targeting the Gender Gap What Retailers Are Doing to Tackle Gender Diversity at the Top
    RetailWeek November 2016 BE INSPIRED Targeting the gender gap What retailers are doing to tackle gender diversity at the top l Who inspires you? Female retail leaders name their role models l Turning words into actions How to bring about real change in retail boardrooms BE INSPIRED INTRODUCTION CONTENTS Addressing boardroom diversity Targeting the gender gap Only eight months after the launch of Be Inspired, Retail 4 What UK retailers are doing to Week has been overwhelmed by the positive response plug the gender gap in the boardroom throughout the sector. More than 40 senior leaders – women and men – from the biggest names in UK retail have pledged Who inspires you? their support as ambassadors. Thousands have watched 8 Female retail leaders tell us who inspired them to reach for the top our launch documentary and read and tweeted about our features, interviews and blogs. Hundreds of aspiring future Turning words into actions female leaders have signed up to our series of mentoring 10 We look at how women could breakfast sessions hosted by our ambassadors. And seven be better represented in the upper echelons of the retail world retailers – at the time of going to print Co-op, Debenhams, Dunelm, House of Fraser, New Look, O2 and Tesco – have pledged their support as retail partners. COVER IMAGE: SHUTTERSTOCK Be Inspired is the widest-reaching campaign that Retail Week has ever launched and we hope its success even this early on is because of its focus on people. Deben- hams chairman Sir Ian Cheshire, who took part in the filming of our second Be Inspired documentary, which launched this week, believes addressing the problem of a lack of boardroom diversity must lie in the creation of role models and the implementation of active mentoring.
    [Show full text]
  • ICO Issues Monetary Penalty Notice Under DPR 1998
    ICO Issues Monetary Penalty Notice under DPR 1998 Released : 09 Jan 2020 RNS Number : 2698Z Dixons Carphone PLC 09 January 2020 Information Commissioner's Office issues Monetary Penalty Notice under Data Protection Act 1998 DSG Retail Limited, a subsidiary of Dixons Carphone plc, has today received a Monetary Penalty Notice from the UK Information Commissioner's Office (ICO) in relation to the historic unauthorised access of customer data previously announced on 13 June 2018 and 31 July 2018. The ICO has imposed a fine of £500,000 under the Data Protection Act 1998. Dixons Carphone Chief Executive, Alex Baldock, said: "We are very sorry for any inconvenience this historic incident caused to our customers. When we found the unauthorised access to data, we promptly launched an investigation, added extra security measures and contained the incident. We duly notified regulators and the police and communicated with all our customers. We have no confirmed evidence of any customers suffering fraud or financial loss as a result. We have upgraded our detection and response capabilities and, as the ICO acknowledges, we have made significant investment in our Information Security systems and processes. We are disappointed in some of the ICO's key findings which we have previously challenged and continue to dispute. We're studying their conclusions in detail and considering our grounds for appeal." Next announcement The Group will publish its Peak Trading Statement on Tuesday 21 January 2020. For further informa on Assad Malic Group Strategy & Corporate Affairs Director +44 (0)7414 191044 Dan Homan Head of Investor Relations +44 (0)7400 401442 Amy Shields Head of External Communications +44 (0)7588 201442 Tim Danaher Brunswick Group +44 (0)207 404 5959 Information on Dixons Carphone plc is available at www.dixonscarphone.com Follow us on Twi er: @dixonscarphone About Dixons Carphone Dixons Carphone plc is a leading mul channel retailer of technology products and services, opera ng 1,500 stores and 16 websites in eight countries.
    [Show full text]
  • Decodedhow the UK's Top Multichannel Retailers Are Investing
    How the UK’s top multichannel retailers are investing to win DECODED consumer spend In association with AT A GLANCE CONTENTS n 2020 the consumer changed forever, pressing retailers and brands alike into reducing their transformation strategies from CHAPTER 1 years, to months, to mere weeks. Five retailers tell us what they expect the future of customer The retail industry, known for its agility, rose to the challenge. experience to look like IBut what does this new consumer look like? What makes them CHAPTER 2 tick, what will drive them to spend, how can retailers win their How technological advances can help retailers futureproof their loyalty in a largely subdued market and how will this shape the businesses amid the accelerated shift to ecommerce operations future of customer experience? CX Decoded: How the UK’s top multichannel retailers are CHAPTER 3 investing to win consumer spend, a report produced by RWRC in Why delivery, click-and-collect and other flexible, convenient association with Arvato, provides the answers. delivery models have become key to the shopping experience This report looks beyond the initial changes in consumer mindset CHAPTER 4 and behaviour generated by the coronavirus pandemic and instead What retailers are doing to make in-store shopping fit for a focuses on the now prevailing longer-term trends that will come to multichannel future and a seamless extension of digital define the market in the years that follow. The report features five in-depth interviews with retailers that CHAPTER 5 are innovating in customer experience – including Kingfisher, Hotel Our ranking of the UK’s top 30 multichannel retailers Chocolat, QVC, Waterstones and Seasalt – across pages five to nine.
    [Show full text]
  • FTSE UK 100 ESG Select
    2 FTSE Russell Publications 19 August 2021 FTSE UK 100 ESG Select Indicative Index Weight Data as at Closing on 30 June 2021 Constituent Index weight (%) Country Constituent Index weight (%) Country Constituent Index weight (%) Country 3i Group 0.83 UNITED KINGDOM Halfords Group 0.06 UNITED KINGDOM Prudential 2.67 UNITED KINGDOM 888 Holdings 0.08 UNITED KINGDOM Harbour Energy PLC 0.01 UNITED KINGDOM Rathbone Brothers 0.08 UNITED KINGDOM Anglo American 2.62 UNITED KINGDOM Helical 0.03 UNITED KINGDOM Reckitt Benckiser Group 3.01 UNITED KINGDOM Ashmore Group 0.13 UNITED KINGDOM Helios Towers 0.07 UNITED KINGDOM Rio Tinto 4.8 UNITED KINGDOM Associated British Foods 0.65 UNITED KINGDOM Hiscox 0.21 UNITED KINGDOM River and Mercantile Group 0.01 UNITED KINGDOM Aviva 1.18 UNITED KINGDOM HSBC Hldgs 6.33 UNITED KINGDOM Royal Dutch Shell A 4.41 UNITED KINGDOM Barclays 2.15 UNITED KINGDOM Imperial Brands 1.09 UNITED KINGDOM Royal Dutch Shell B 3.85 UNITED KINGDOM Barratt Developments 0.52 UNITED KINGDOM Informa 0.56 UNITED KINGDOM Royal Mail 0.39 UNITED KINGDOM BHP Group Plc 3.29 UNITED KINGDOM Intermediate Capital Group 0.44 UNITED KINGDOM Schroders 0.29 UNITED KINGDOM BP 4.66 UNITED KINGDOM International Personal Finance 0.02 UNITED KINGDOM Severn Trent 0.44 UNITED KINGDOM British American Tobacco 4.75 UNITED KINGDOM Intertek Group 0.66 UNITED KINGDOM Shaftesbury 0.12 UNITED KINGDOM Britvic 0.19 UNITED KINGDOM IP Group 0.09 UNITED KINGDOM Smith (DS) 0.4 UNITED KINGDOM BT Group 1.26 UNITED KINGDOM Johnson Matthey 0.43 UNITED KINGDOM Smurfit Kappa Group 0.76 UNITED KINGDOM Burberry Group 0.62 UNITED KINGDOM Jupiter Fund Management 0.09 UNITED KINGDOM Spirent Communications 0.11 UNITED KINGDOM Cairn Energy 0.05 UNITED KINGDOM Kingfisher 0.57 UNITED KINGDOM St.
    [Show full text]
  • European Technology Media & Telecommunications Monitor
    European Technology Media & Telecommunications Monitor Market and Industry Update H1 2013 Piper Jaffray European TMT Team: Eric Sanschagrin Managing Director Head of European TMT [email protected] +44 (0) 207 796 8420 Jessica Harneyford Associate [email protected] +44 (0) 207 796 8416 Peter Shin Analyst [email protected] +44 (0) 207 796 8444 Julie Wright Executive Assistant [email protected] +44 (0) 207 796 8427 TECHNOLOGY, MEDIA & TELECOMMUNICATIONS MONITOR Market and Industry Update Selected Piper Jaffray H1 2013 TMT Transactions TMT Investment Banking Transactions Date: June 2013 $47,500,000 Client: IPtronics A/S Transaction: Mellanox Technologies, Ltd. signed a definitive agreement to acquire IPtronics A/S from Creandum AB, Sunstone Capital A/S and others for $47.5 million in cash. Pursuant to the Has Been Acquired By transaction, IPtronics’ current location in Roskilde, Denmark will serve as Mellanox’s first research and development centre in Europe and IPtronics A/S will operate as a wholly-owned indirect subsidiary of Mellanox Technologies, Ltd. Client Description: Mellanox Technologies Ltd. is a leading supplier of end-to-end InfiniBand and June 2013 Ethernet interconnect solutions and services for servers and storage. PJC Role: Piper Jaffray acted as exclusive financial advisor to IPtronics A/S. Date: May 2013 $46,000,000 Client: inContact, Inc. (NasdaqCM: SAAS) Transaction: inContact closed a $46.0 million follow-on offering of 6,396,389 shares of common stock, priced at $7.15 per share. Client Description: inContact, Inc. provides cloud contact center software solutions. PJC Role: Piper Jaffray acted as bookrunner for the offering.
    [Show full text]
  • Operating Review International
    Operating review 1 International 2 3 4 1. Unbeatable offers in Gentofte – El Giganten’s biggest store in Denmark. 2. Gigantti doubled its store base in Finland, growing from four to eight stores. 3. Thousands of customers queued to shop in the first Electro World store in Budapest, February 2002. 4. Shopping for fantastic offers at the Electro World opening. 22 Dixons Group plc Annual Report & Accounts 2001/02 4 The International Retail division achieved Elkjøp opened 15 new stores, including an operating profit of £15.2 million five El Gigantens in Sweden and four (£22.3 million) on sales increased by Gigantti stores in Finland, bringing its 14 per cent to £688 million (£602 million). total to 148 stores in five countries. We intend to open a further 11 new Nordic countries stores in this financial year. Elkjøp’s sales increased by 12 per cent to £596 million (£531 million). Although Central Europe like for like sales were 1 per cent lower, In February, the Elkjøp team launched this reflected a downturn in a number the Group’s first store in Hungary under of Nordic markets. Elkjøp continued to the Electro World brand. The 43,000 5 gain share in each of its markets. square feet store combines the best of the Group’s formats from around In July 2001, Elkjøp completed Europe. The store has quickly established the purchase of seven out of town a strong market presence.We intend SuperRadio stores in Denmark. to open a further Electro World store These stores have been rebranded in Budapest and our first in Prague this under Elkjøp’s El Giganten fascia and financial year.
    [Show full text]
  • Chief Executive's Review Group Turnover for the 52 Weeks Ended 27
    Chief Executive’s review Group turnover for the 52 weeks ended 27 April 2002 increased by 5 per cent to £4,888 million (2000/01 £4,643 million excluding Freeserve). Like for like sales were unchanged across the Group in challenging markets. Group profit before tax and exceptional The Group continued to grow market telecoms solutions provider for the items increased by 7 per cent to £297.2 share, showing particularly strong gains business to business market. million (2000/01 £277.8 million before in widescreen televisions, large domestic taxation, exceptional items and Freeserve). appliances, games, personal computers International and PC related products. The International Retail division achieved UK Retail an operating profit of £15.2 million UK Retail division operating profit before The product cycle is a major determinant (£22.3 million) on sales ahead 14 per cent exceptional items was £253.6 million of sales growth. New products have at £688 million (£602 million). (£244.8 million), an increase of 4 per cent. driven sales even during the recessions Total UK Retail sales were £4,122 million of the early 1980s and 1990s. Looking Our expansion into Continental (£3,979 million), a 4 per cent increase ahead, the product outlook appears Europe continued, with investments year on year and unchanged like for like. positive with new technologies coming in eight markets. The Group now has onto the market, from large flat screen retail operations in 11 countries. Although Currys and PC World made televisions to wireless home networks, As anticipated, start-up losses were strong contributions to the divisional and the potential for a recovery in the incurred in new businesses in France, performance, these were largely personal computer market.
    [Show full text]