DOCSLIB.ORG

Benetton Group 2002 Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Benetton Group 2002 Annual Report Benetton Group Benetton 2002 Annual Report Report Annual 2002 > > Benetton Group 2002 Annual Report > Benetton Group 2002 Annual Report Benetton Group S.p.A. Villa Minelli Ponzano Veneto [Treviso] - Italy Share Capital: Euro 236,026,454.30 fully paid-in Tax ID/Treviso Company register: 00193320264 James Mollison photographs Aqulmina and Mahjabina at the Pol-I-Charki Repatriation Camp for returning Afghan refugees. INDEX The Benetton Group 9 Directors and other officers 10 Letter to our Shareholders 13 Financial highlights 14 Directors’ report Strategic focus Brands and markets Capital expenditures 16 Technology Communication 17 Supplementary information Sale of the Nordica, Rollerblade and Prince brands Financial management Treasury shares 18 Performance of Benetton shares 19 Ownership of the Company 20 Relations with the Parent Company and its subsidiaries Corporate Governance 25 Directors Shares held by Directors and Statutory auditors 27 Principal organizational and corporate changes Significant events since year-end Outlook for 2003 28 Group results Consolidated statement of income 31 Financial situation - highlights 4 INDEX 35 Consolidated financial statements 36 Balance sheets reclassified according to financial criteria 38 Statements of income reclassified to cost of sales 40 Balance sheet - Assets 42 Balance sheet - Liabilities, Shareholders’ equity and Memorandum accounts 44 Statements of income 46 Statements of changes in Shareholders’ equity 47 Statements of changes in minority interests 48 Statements of cash flow 50 Companies and groups included within the consolidation area as of December 31, 2002 52 Notes to the consolidated financial statements Activities of the Group Form and content of the consolidated financial statements 53 Principles of consolidation 54 Accounting policies 56 Supplementary information 58 Comments on the principal asset items 67 Comments on the principal liability and equity items 74 Memorandum accounts 75 Comments on the principal statement of income items 83 Independent Auditors’ report 5 Basmina is photographed at the Pol-I-Charki Repatriation Camp for returning refugees in Afghanistan. MAIN CONSOLIDATED COMPANIES > Main consolidated companies as of December 31, 2002 Benetton Group SpA Ponzano Veneto [Tv] 100% 100% 100% 100% Benlog SpA Benetton Gesfin SpA Benetton Retail Italia Srl United Web SpA Ponzano Veneto [Tv] Ponzano Veneto [Tv] Ponzano Veneto [Tv] Ponzano Veneto [Tv] 100% 100% 85% 50% Benfin SpA Benair SpA Olimpias SpA Filatura di Vittorio Veneto SpA Ponzano Veneto [Tv] Ponzano Veneto [Tv] Ponzano Veneto [Tv] Vittorio Veneto [Tv] 100% 50% Gescom Srl I.M.I. Italian Marketing International Srl Ponzano Veneto [Tv] Ponzano Veneto [Tv] 100% 100% SIGI Srl Buenos Aires 2000 Srl Ponzano Veneto [Tv] Ponzano Veneto [Tv] 100% 100% Fabrica SpA Colors Magazine Srl Ponzano Veneto [Tv] Ponzano Veneto [Tv] 100% 100% 100% 100% 100% Benetton Retail International SA Benetton Retail Belgique SA Benetton Retail Austria Handels GmbH Benetton Retail Ungheria Kft Benetton 2 Retail Comércio de Luxembourg Bruxelles Wien Budapest Produtos Têxteis SA, Maia [Portugal] 100% 100% 100% 100% Benetton Retail [Hong Kong] Ltd Benetton Retail Spain SL Benetton Retail [1988] Ltd Denware Ltd Hong Kong Castellbisbal London London 100% 100% 100% 100% Benetton Retail France SAS Veuve Auguste Dewas et Cie SA Novanantes SA L’Apollinaire Snc Paris Lille Nantes Paris 100% 51% Benetton Retail Deutschland GmbH New Ben GmbH München Frankfurt am Main 100% 100% 100% 100% 100% Benetton International Property NV SA Benetton Realty Spain SL Benetton Realty Portugal Imobiliaria SA Benetton Real Estate International SA Benetton France Trading Sàrl Amsterdam Castellbisbal Maia [Portugal] Luxembourg Paris 100% 100% 100% 100% Benetton Sportsystem Schweiz AG Benetton Sportsystem GmbH Benetton USA Corp Benetton Realty France SA Stans München Wilmington Paris 100% 100% 100% 50% 24% Benetton International NV SA Benetton Argentina SA Benetton Sportsystem Austria GmbH DCM Benetton India Ltd Unisex Apparels Ltd Amsterdam Buenos Aires Salzburg New Delhi New Delhi 100% 100% 100% 100% Benetton Ungheria Kft United Colors Communication SA Benetton Sportsystem USA Inc Prince U.K. Ltd Nagykallo Lugano Bordentown Ardingly 100% 100% 100% 100% Benest Ltd United Colors of Benetton do Brasil Benetton [Far East] Ltd Benetton Australia Pty Ltd Moskba Ltda, Curitiba Hong Kong Sydney 100% 100% 100% 100% Benetton Manufacturing Holding NV Benetton Croatia doo Benetton Slovakia sro Benetton Sportsystem Taiwan Ltd Amsterdam Osijek Bratislava Taichung 100% 50% 100% Benetton Japan Co Ltd Benetton Korea Inc Benetton Retailing Japan Co Ltd Tokyo Seoul Tokyo 100% 100% 100% 100% Benetton Textil Spain SL Benetton Textil - Confeccao Benetton Tunisia Sàrl Benetton Trading Sàrl Castellbisbal de Texteis SA, Maia [Portugal] Sahline Sahline 100% 100% 100% Benetton Finance SA Benetton Società di Servizi SA Lairb Property Ltd Luxembourg Lugano Dublin 8 DIRECTORS AND OTHERSOMMARIO OFFICERS Board of Directors Luciano Benetton [1] Chairman Carlo Benetton [2] Deputy Chairman Luigi de Puppi [3] Managing Director Giuliana Benetton [4] Directors Gilberto Benetton [5] Alessandro Benetton Gianni Mion Angelo Tantazzi Ulrich Weiss Reginald Bartholomew Luigi Arturo Bianchi Pierluigi Bortolussi Secretary to the Board Board of Statutory auditors Angelo Casò Chairman Filippo Duodo Auditors Dino Sesani Antonio Cortellazzo Alternate auditors Marco Leotta Independent auditors Deloitte & Touche S.p.A. Powers granted [1] Company representation and power to carry out [3] Power to carry out any action that is consistent any action that is consistent with the Company’s with the ordinary administration of the Company, purposes, except for those expressly reserved by with limitation for some categories of action. law to the Board of Directors and to the [4] Power to carry out any action that is consistent with Shareholders’ Meeting, with limitation for some the definition of the strategies for the planning and categories of action. creation of the Company’s product collections. [2] Power to carry out any action that is consistent with [5] Power to carry out any action that is consistent with the Company’s purposes, except for those the definition of the strategies for the financial expressly reserved by law to the Board of Directors activity, new investments and projects. and to the Shareholders’ Meeting, with limitation for some categories of action. 9 LETTER TO OUR SHAREHOLDERS > Letter to our Shareholders Dear Shareholders, The Benetton Group decided to make a break with the past in 2002 by ending its experience in the sports equipment business, whose results over the years had failed to provide the same level of satisfaction as the casual sector. The program for the division’s disposal was started during the year and completed in the early part of 2003. With regard to the core business of clothing, our system confirms its ability to be competitive and generate value: although net income for 2002 was affected by extraordinary items deriving mostly from the sale of the sports sector, this did not harm Shareholders’ returns. We have spent the past two years on gradually improving our organizational structure. As regards distribution, we are investing in the network in partnership with over 2,000 distributors: we are rapidly expanding our flagship stores, while also concentrating ontransforming our traditional retail outlets from small to medium-size. The fact that we can rely on the energy of such a large group of entrepreneurs, ready to invest with increasing commitment in our brand, confirms the validity of our business model, where innovation, hi-tech and system speed are the basis of our philosophy. I would like to emphasize the business’s firm commitment, unique among its major international competitors, to maintain production mainly in Italy and Europe. This is a demonstration of excellence, which focuses on those values of design and quality, greatly appreciated by the ever more complex and sophisticated needs of the global market. It is superfluous to dwell on the international crisis and the gloomy outlook for markets and consumption. However, I should like to emphasize our vigorous determination in dealing with this situation: in fact, I have always said that it is during times of greatest difficulty that those who are most prepared are able to grasp the best opportunities. Luciano Benetton Chairman Benetton Group 10 Children who scavenge at the Stung Mean Chey dump in Phnom Penh, Cambodia, are given food at a project which tries to stop child labour. FINANCIAL HIGHLIGHTS > 2002 revenues casualwear 79.6% by activity [%] sportswear and equipment 14.2% manufacturing and other 6.2% euro area 68.9% > 2002 revenues asia 8.9% by geographical the americas 9.6% area [%] other 12.6% > Net revenues 1,992 2002 [millions of euro] 2,098 2001 2,018 2000 1,982 1999 1,980 1998 net revenues > Total capital 170 2002 expenditures and 349 self-financing 311 2001 [millions of euro] 374 312 2000 311 191 1999 375 266 1998 332 total capital expenditures self-financing 12 FINANCIAL HIGHLIGHTS > Financial highlights Key operating data [millions of euro] 2002 % 2001 % 2000 % 1999 % 1998 % Revenues 1,992 100.0 2,098 100.0 2,018 100.0 1,982 100.0 1,980 100.0 Cost of sales 1,124 56.4 1,189 56.7 1,138 56.4 1,109 56.0 1,168 59.0 Gross operating income 868 43.6 909 43.3 880 43.6 873 44.0 812 41.0 Income from operations 243 12.2 286 13.6 309 15.3 316 15.9 233 11.8 Net income/[loss] [10] [0.5] 148 7.1 243 12.1 166 8.4
Load more

Recommended publications
  • Benetton Group Annual Report 2010
    Benetton Group Annual Report 2010 Benetton Group S.p.A. Villa Minelli Ponzano Veneto (Treviso) - Italy Share capital: Euro 237,482,715.60 fully paid-in Tax ID/Treviso Company register: 00193320264 CCContentsContents The Benetton Group 555 Directors and other officers 5 Group structure at December 31, 2010 6 Notice of ordinary general meeting 8 Letter to the shareholders 10 Disclaimer 11 Key performance indicators 11 Directors’ report 131313 2010 in overview 13 Brands 14 Markets 16 It’s My Time 17 Benetton on the stock market 17 Financial calendar 19 Supplementary information 20 Corporate governance report and ownership structure 20 Benetton shares and shareholders 20 Stock option plan 20 Controlling interest 21 Relations with the holding company, its subsidiaries and other related parties 21 Compliance with personal data protection laws 21 Articles 36 and 39 of the Market Regulations 21 Principal organizational and corporate changes 22 Significant events after December 31, 2010 22 Outlook for 2011 23 Consolidated Group results 24 Consolidated statement of income 24 Operating segments 28 Balance sheet and financial position highlights 30 Financials by quarter 35 Benetton risk factors 36 Consolidated financial statements 393939 Consolidated statement of income 40 Statement of comprehensive income 41 Consolidated balance sheet – Assets 42 Consolidated balance sheet – Shareholders’ equity and liabilities 43 Shareholders’ equity – Statement of changes 44 Consolidated statement of cash flows 45 2 THE BENETTON GROUP DIRECTORS’ REPORT CONSOLIDATED
    [Show full text]
  • Board of Directors Luciano Benetton
    BENETTON GROUP SPA: BOARD OF DIRECTORS LUCIANO BENETTON - Chairman Born in 1935 in Treviso, Luciano Benetton launched the activities of Benetton Group in 1965 with his siblings Giuliana, Gilberto and Carlo. He is now Chairman of the Group and provides guidance and strategic vision for its development. He also sits on the Board of Edizione SRL, the Benetton family’s holding company. He was a member of the Italian Senate from 1992 until 1994. ALESSANDRO BENETTON - Executive Deputy Chairman Chairman and Chief Executive Officer of 21 Investimenti S.p.A., the merchant bank he founded in 1993 through Edizione SRL (formerly Edizione Holding S.p.A.), Alessandro Benetton (son of Luciano) was born in 1964 in Treviso. He holds a Bachelor of Science from Boston University and a MBA from Harvard. He is currently a Board member of Edizione SRL, Autogrill S.p.A., Banca Popolare di Vicenza. He is also Chairman and Chief Executive Officer of 21 Investimenti Partners S.p.A. and 21 Nextwork S.p.A.; Chairman of 21 Partners S.G.R. S.p.A., Deputy Chairman of Nordest Merchant S.p.A.. He is member of Confindustria (Confederation of Italian Industry) and he is also on the Advisory Committee of Robert Bosch Internationale Beteiligungen AG in Zurich. CARLO BENETTON - Deputy Chairman Carlo and his siblings Luciano, Giuliana and Gilberto launched the activities of Benetton Group in 1965. He is Chaiman of Maccarese S.p.A. and Deputy Chairman of Edizione SRL. He was born in 1943 in Treviso. GEROLAMO CACCIA DOMINIONI - Chief Executive Officer Born in Milan on January 9th 1955, married with 3 children, Gerolamo Caccia Dominioni obtained a degree in Business and Economics at the Bocconi University in Milan.
    [Show full text]
  • EDIZIONE S.R.L
    EDIZIONE S.r.l. Financial statements at December 31, 2013 Financial statements at December 31, 2013 Edizione S.r.l. Calmaggiore, 23 - 31100 Treviso, Italy Share capital: Euro 1,500,000,000 fully paid-in Tax identification, VAT and Treviso Companies Register no. 00778570267 Treviso Chamber of Commerce (REA) no. 148942 2 Contents Company information Corporate officers page 4 Directors’ Report page 5 Financial statements at December 31, 2013: - Balance sheet page 24 - Income statement page 27 - Explanatory notes page 29 Annexes to the explanatory notes: - Statement of changes in intangible assets and property, plant and equipment page 55 - Statement of changes in non-current financial assets: equity investments page 56 - List of equity investments in subsidiaries and associates page 57 - Statement of changes in equity page 58 - Schedule pursuant to Art. 2427 (7 bis ) of the Italian Civil Code page 59 - Statement of cash flows page 60 Report of the independent auditors 3 Corporate officers Board of Directors Gilberto Benetton Chairman Carlo Benetton Deputy Chairman Gianni Mion Deputy Chairman Alessandro Benetton Directors Christian Benetton Giuliana Benetton Luciano Benetton Sabrina Benetton Franca Bertagnin Benetton Fabio Cerchiai Giovanni Costa General Manager Carlo Bertazzo Board of Statutory Auditors Angelo Casò Chairman Giovanni Pietro Cunial Auditors Aldo Laghi Augusto Clerici Bagozzi Alternate auditors Andrea Amaduzzi Independent auditors KPMG S.p.A. 4 Directors' Report Dear Shareholders, Edizione S.r.l.'s financial statements for
    [Show full text]
  • Consolidated Financial Statements
    ANNUAL REPORT AT DECEMBER 31, 2010 Edizione S.r.l. Calmaggiore 23 31100 Treviso – Italy CONTENTS GROUP KEY DATA Parent Company officers 4 Group structure 5 Financial highlights 8 dIrECTorS’ rEporT Main events in 2010 9 Analysis of the consolidated financial statements 11 Other information 15 Significant events following the end of the financial year 15 Outlook for 2011 16 Performance by business segment 17 CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER 31, 2010 Consolidated statement of financial position 46 Consolidated statement of income 48 Consolidated statement of comprehensive income 49 Consolidated statement of changes in equity 50 Consolidated cash flow statement 52 Notes to the consolidated financial statements 53 Additional information 119 ANNEX List of companies consolidated at December 31, 2010 153 REPORT OF THE INDEPENDENT AUDITORS 164 4 [GROUP KEY DATA] GROUP KEY DATA PARENT COMPANY OFFICERS BOARD OF DIRECTORS Gilberto Benetton CHAIRMAN Carlo Benetton DEPUTY CHAIRMAN Gianni Mion MANAGING DIRECTOR Giuliana Benetton DIRECTORS Luciano Benetton Alessandro Benetton Christian Benetton Sabrina Benetton Franca Bertagnin Benetton Fabio Cerchiai Giovanni Costa BOARD OF STATUTORY AUDITORS Angelo Casò CHAIRMAN Giovanni Pietro Cunial AUDITORS Aldo Laghi Augusto Clerici Bagozzi ALTERNATE AUDITORS Andrea Amaduzzi INDEPENDENT AUDITORS KPMG S.p.A. 5 [GROUP KEY DATA] GROUP STRUCTURE At December 31, 2010 Edizione S.r.l., a company under the full control of the Benetton family, held equity investments mainly in the following sectors: Textiles & clothing, Food & beverage and Travel retail & duty–free, Infrastructure & services for mobility, and Real estate & agriculture. INVESTMENT PHILOSOPHY Edizione is an active investor that combines an entrepreneurial approach with solid financial discipline, putting finance at its companies’ service in order to improve their competitive position and returns.
    [Show full text]
  • 097-Benetton.Pdf
    Pearson Education Limited Contents Edinburgh Gate, Harlow, Essex CM20 2JE, England and Associated Companies throughout the world. page ISBN 0 582 34297 X Introduction V First published by Little, Brown and Company 1999 This edition first published 2000 Chapter 1 Birth of a Salesclerk 1 Chapter 2 A Woman of Substance 5 Original copyright ©Jonathan Mande 1999 Text copyright © Penguin Books 2000 Chapter 3 Success Across Europe 12 Chapter 4 The King of Knitwear 21 Typeset by Ferdinand Pageworks, London Set in ll/14pt Bembo Chapter 5 The Fifth Avenue Franchise 28 Printed in Spain by Mateu Cranio, S. A. Pinto (Madrid) Chapter 6 United Colors of Benetton 32 Chapter 7 Black and White 41 Chapter 8 Images of Reality 49 Chapter 9 The Burning Brand 56 Published by Pearson Education Limited in association with Chapter 10 A Town Called Corleone 63 Penguin Books Ltd, both companies being subsidiaries of Pearson Plc Chapter 11 The Main Streets of the World 69 Chapter 12 The Family 76 Business Wordlist 85 Activities 87 For a complete list of the titles available in the Penguin Readers series please write to your local Pearson Education office or to: Marketing Department, Penguin Longman Publishing, 5 Bentinck Street, London W1M 5RN. Introduction The first two sheep were yellow and blue and arrived by taxi. They were followed by a third, this time pink, which got out of a pink Cadillac. Luciano himself arrived shortly afterward in a green taxi. He was wearing a brown jacket and dark pants, and a green tie decorated with sheep. It was raining.
    [Show full text]
  • Financial Statements
    2015 ANNUAL REPORT 2015 ANNUAL REPORT II Portugal - Lisbon III TEXTILES & CLOTHING IV YarnsMessico - Antara V Mexico - Antara VI Indonesia - Bali VII FOOD & BEVERAGE VIII Finland - Helsinki IX Italy - Roma Fiumicino X Italy - A1 motorway - Variante di Valico XI INFRASTRUCTURES & SERVICES FOR MOBILITY XII Italy - Roma Fiumicino airport XIII Chile - Costanera Norte motorway XIV Moscow XV REAL ESTATE XVI Paris XVII Lisbon CONTENTS GROUP KEY DATA 2 Parent Company Officers 2 Group structure 3 Investment philosophy 3 Group chart 4 Financial highlights 5 DIRECTORS' REPORT 7 Main events in 2015 8 Analysis of the consolidated financial statements 12 Performance by business segment 15 Additional information 30 Significant events following the end of the financial year 30 Outlook for 2016 30 CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER 31, 2015 33 Consolidated statement of financial position 34 Consolidated income statement 36 Consolidated statement of comprehensive income 37 Consolidated statement of changes in equity 38 Consolidated cash flow statement 39 Notes to the consolidated financial statements 39 Notes on assets items 56 Notes on shareholders' equity items 74 Notes on liabilities items 77 Notes on income statement items 86 Additional information 96 ANNEXES 115 List of consolidated companies at December 31, 2015 115 Report of the independent auditors 123 2 GROUP KEY DATA GROUP KEY DATA PARENT COMPANY OFFICERS BOARD OF DIRECTORS Gilberto Benetton CHAIRMAN Carlo Benetton DEPUTY CHAIRMEN Gianni Mion Giuliana Benetton DIRECTORS Luciano Benetton Alessandro Benetton Franca Bertagnin Benetton Massimo Benetton Sabrina Benetton Fabio Cerchiai Giovanni Costa GENERAL MANAGER Carlo Bertazzo BOARD OF STATUTORY AUDITORS Angelo Casò CHAIRMAN Giovanni Pietro Cunial AUDITORS Aldo Laghi Alberto Giussani ALTERNATE AUDITORS Maria Martellini INDEPENDENT AUDITORS Deloitte & Touche S.p.A.
    [Show full text]
  • Benetton Group S.P.A. (Incorporated with Limited Liability Under the Laws of the Republic of Italy) Euro 300,000,000 Floating Rate Notes Due 2005
    OFFERING CIRCULAR Benetton Group S.p.A. (incorporated with limited liability under the laws of the Republic of Italy) Euro 300,000,000 Floating Rate Notes due 2005 Issue Price: 99.857 per cent The issue price of the Euro 300,000,000 Floating Rate Notes due 2005 (the ``Notes'') of Benetton Group S.p.A. (the ``Issuer'') is 99.857 per cent of their principal amount. The Notes constitute obbligazioni pursuant to Articles 2410-et seq. of the Italian Civil Code. Unless previously redeemed or cancelled, the Notes will be redeemed at their principal amount on the Interest Payment Date (as de®ned in ``Terms and Conditions of the Notes ± Interest'') falling in July 2005. The Notes are subject to redemption in whole, but not in part, at their principal amount at the option of the Issuer on any Interest Payment Date in the event of certain changes affecting taxation in the Republic of Italy (``Italy''). See ``Terms and Conditions of the Notes ± Redemption and Purchase''. The Notes will bear interest from 26 July 2002 at the rate of 0.50 per cent per annum above the Euro-zone interbank offered rate for three month Euro deposits payable quarterly in arrear commencing on the Interest Payment Date falling in October 2002. Interest payments to certain Noteholders may be subject to Italian substitute tax as described under ``Terms and Conditions of the Notes ± Taxation'' and ``Taxation ± Italy''. Application has been made to list the Notes on the Luxembourg Stock Exchange. The Notes have not been, and will not be, registered under the United States Securities Act of 1933 (the ``Securities Act'') and are subject to United States tax law requirements.
    [Show full text]
  • Benetton Group: Board of Directors
    BENETTON GROUP: BOARD OF DIRECTORS ALESSANDRO BENETTON Chairman and Managing Director of 21 Investimenti S.p.A., the merchant bank he founded in 1993 through Edizione Holding, Alessandro Benetton (son of Luciano) was born in 1964 in Treviso. He holds a Bachelor of Science from Boston University and a MBA from Harvard. He is currently a Board member of Edizione Holding S.p.A., Autogrill S.p.A., Permasteelisa S.p.A., Industrie Zignago Santa Margherita S.p.A. and Sirti S.p.A.. He is also Chairman of 21 Partners S.G.R. S.p.A. and 21 Investimenti Partners S.p.A., Vice Chairman of Nordest Marchant S.p.A., Sole Director of Saibot S.r.l. and is on the Supervisory Board of 21 Centrale Partners S.A. He is on the council of Confindustria (Confederation of Italian Industry). CARLO BENETTON Carlo and his siblings Luciano, Giuliana and Gilberto launched the activities of Benetton Group in 1965. He was born in 1943 in Treviso and is vice chairman of Edizione Holding. GILBERTO BENETTON Born in 1941 in Treviso, Gilberto Benetton launched the activities of Benetton Group in 1965 with his brothers Luciano and Carlo and his sister Giuliana. He currently serves as Chairman of Edizione Holding S.p.A. (the Benetton family’s holding company) overseeing all financial and real estate investing. He is also Chairman of Autogrill S.p.A. and Ragione S.A.p.A. di G. Benetton & C.; Vice Chairman of Telecom Italia S.p.A. and Olimpia S.p.A.. He is member of the Board of Directors of Aldeasa S.A., Mediobanca S.p.A., Lloyd Adriatico S.p.A., Autostrade S.p.A., Pirelli & C.
    [Show full text]
  • Benetton Group
    Benetton Group 1999 Annual Report • Highlights • Report • Notes Benetton Group 1999 Annual Report Highlights Benetton Group S.p.A., Ponzano Veneto MAIN CONSOLIDATED COMPANIES 100% 100% Benetton Sportsystem GmbH Benetton Sportsystem [Schweiz] München AG., Stans 100% Benetton Sportsystem N.V. Amsterdam 100% 100% Benetton Sportsystem Austria Benetton Holdings U.S.A. Inc. GmbH, Salzburg New York 99.87% 100% Rollerblade Inc. Benetton Sportsystem U.S.A. Bordentown Inc., Bordentown 100% Bencom S.p.A. Ponzano Veneto 100% 100% 100% Benair S.p.A. Socks & Accessories Benetton Gescom S.r.l. Ponzano Veneto [S.A.B.] S.r.l., Sesto Fiorentino Ponzano Veneto 100% Benfin S.p.A. Ponzano Veneto 100% 85% Texcontrol S.p.A. Olimpias S.p.A. Ponzano Veneto Grumolo delle Abbadesse 50% 100% 50% 100% 100% Filatura di Vittorio Veneto Manifattura Goriziana S.p.A. Color Service S.r.l. Tessitura Travesio S.p.A. Lanificio di Follina S.p.A. S.p.A., Vittorio Veneto Gorizia Dueville Travesio Follina 100% 100% 100% 100% Benlog S.p.A. Benetton Gesfin S.p.A. S.I.G.I. S.r.l. Fabrica S.p.A. Ponzano Veneto Ponzano Veneto Ponzano Veneto Ponzano Veneto 100% 100% Buenos Aires 2000 S.r.l. Colors Magazine S.r.l. Ponzano Veneto Ponzano Veneto 100% Benetton Holdings N.V. Amsterdam 100% 50% 50% 100% Benetton Argentina S.A. Egyptian European Clothing DCM Benetton India Ltd. Benetton [Far East] Ltd. Buenos Aires Manufacturers S.A.E., Alexandria New Delhi Hong Kong 100% 100% Benetton Japan Co. Ltd. United Colors of Benetton do Tokyo Brasil Ltda., São José dos Pinhais 100% 50% 100% 100% 100% Bene Forte Co.
    [Show full text]
  • Benetton Group: Board of Directors
    BENETTON GROUP: BOARD OF DIRECTORS REGINALD BARTHOLOMEW Vice chairman of Merrill Lynch Europe and chairman of Merrill Lynch Italia, Reginald Bartholomew has had a long and prestigious career in the United States government, including as ambassador to Italy during President Clinton’s first term in office. A member of the Board of Directors of the Atlantic Council, he was born in 1936 in Portland. ALESSANDRO BENETTON Chairman of 21 Investimenti, the merchant bank he founded through Edizione Holding, Alessandro Benetton (son of Luciano) was born in 1964 in Treviso. He holds a Bachelor of Science from Boston University and an MBA from Harvard. He is currently a board member at Edizione Holding, Autogrill and Banca Nazionale del Lavoro. CARLO BENETTON Carlo and his siblings Luciano, Giuliana and Gilberto launched the activities of Benetton Group in 1965. He was born in 1943 in Treviso and is vice chairman of Edizione Holding. GILBERTO BENETTON Born in 1941 in Treviso, Gilberto Benetton launched the activities of Benetton Group in 1965 with his brothers Luciano and Carlo and his sister Giuliana. He currently serves as chairman of Edizione Holding (the Benetton family’s holding company), chairman of Autogrill, and vice chairman of Olivetti and Telecom Italia. At Edizione Holding he oversees all financial and real estate investing. GIULIANA BENETTON With her brothers Luciano, Gilberto and Carlo, Giuliana Benetton launched the activities of Benetton Group in 1965. Since then she has planned the knitwear collections and played a steady role in supervising and coordinating the product lines. She sits on the board of Edizione Holding and was born in 1937 in Treviso.
    [Show full text]
  • Key Balance Sheet Data 2011
    EUR 4.59 Daily update 7-May-12 Company Overview Activities 9 8 Benetton Group is present in 120 countries around the world. Its core business is fashion apparel: a group with a strong Italian character whose style, quality and passion are clearly seen in its brands, the iconic United Colors of Benetton, the glamour oriented Sisley and the contemporary Playlife. 7 6 Share Data Performance Company MIDEX Market Cap (€m) 773 1 day % 0.0% 1.1% 5 Reuter Ticker BNG.MI 1 w % (0.1%) (3.1%) (EUR) Bloomberg Ticker BEN IM 1 m % 0.1% (4.3%) 4 Total Shares 168.48m 3 m % (1.3%) (16.0%) Volume (mn) Volume 6 m % 12.8% (12.9%) 3 1 yr % (17.1%)8.4 404.6% 2 Dividends for 2011 52 wk high EUR 5.83 25,229.86 Dividend yield % 0.00 52 wk low EUR 2.72 16,664.52 1 Dividend per share 0.00 52 wk high % 78.8% 67.1% 52 wk low % 168.8% 101.5% 0 Financial Ratios for 2011 Analyst Recommendations** 11 11 11 11 11 11 11 11 12 12 12 12 12 - - - - - - - - - - - - - Jul Return on equity (%) 4.9 Buy 1 Oct Underweight Jun Apr Jan Nov Dec Aug Sep Mar Feb May May Return on investments (%) 7.4 Neutral 6 42% EBITDA (%) 12.4 Underweight 5 Volume Benetton Rebased FTSE Italia Mid Cap Neutral Buy EBIT (%) 7.3 50% 8% Key P&L Data 2011 (1) 2010 (1) Key Balance Sheet Data 2011 (1) 2010 (1) 2009 (1) Cash Flow and NFP for 2011 (€m) (1) Sales Working capital €m 703 622 658 Net CF from operating activities 89 Apparel €m 1,913 1,948 Assets held for sale €m 5 10 5 Net CF from investing activities (102) Textile €m 119 105 Net capital employed €m 2,055 1,984 2,012 Free cash flow (13) Total €m
    [Show full text]