A Global Player in Local Communication
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A global player in local communication WorldReginfo - 361a6a7b-2165-4348-9a16-b64e350b1534 Free Advertising Publications / Real Estate Publications Printing / Internet / Distribution of Printed Matter Administration – Group Finances WorldReginfo - 361a6a7b-2165-4348-9a16-b64e350b1534 Contents Group Organisation Financial Presentation of Sustainable Presentation Data Activities Development Overview of brands 6 Chairman’s statement 14 Key figures 26 Chief executive's statement 34 Corporate values 64 Profile and locations 8 Management committee 16 Shareholdings and share price 30 Breakdown of centers of activity 36 Company responsibilities 66 Breakdown of activities 9 Management and auditing 18 Overview of subsidiaries 38 Social responsibilities 67 History 10 Group organization chart 19 Free advertising publications 40 Environmental responsibilities 69 Corporate governance 20 Specialised real estate publications 44 Indicators 71 Printing 48 Internet 52 Distribution of printed matter 54 Free daily news press 58 Administration – Group finances 60 2 Spir Annual Report 2006 Spir Annual Report 2006 3 WorldReginfo - 361a6a7b-2165-4348-9a16-b64e350b1534 Group presentation Overview of brands 6 Profile and locations 8 Breakdown of activities 9 History 10 4 Spir Annual Report 2006 Spir Annual Report 2006 5 WorldReginfo - 361a6a7b-2165-4348-9a16-b64e350b1534 Overview topannonces.fr of brands 1 general interest web portal LOGIC-IMMO LOGIC-IMMO 1 free specialised real estate publication 5 free specialised real-estate publications in Switzerland in Belgium logic-immo.com (+ .be & .ch) 1 real-estate web portal Top annonces A NOUS LOGIC-IMMO ELADO-KIADO DeHuisaanHuisKrant caradisiac.com 155 free advertising newspapers in 4 regional French editions (Lille / Lyons / 51 free specialised real-estate 1 free specialised real-estate publication 9 free specialised real estate newspapers 1 automobile web portal France Marseilles – Aix-en-Provence / Nice - publications in France in Hungary in the Netherlands leboncoin.fr French Riviera) 1 general-interest site for private classified ads 20minutes.fr 1 current news web portal and 7 specialised internet sites: Immobilier : logicimmoneuf.com lux-residence.com real-city.cz hahweb.nl elado-kiado.hu Distribution of printed matter: Demeures & Châteaux Properties Côte d’Azur HELVETISSIMMO REAL-CITY 20 minutes adrexo.fr 1 non-free specialised real-estate 1 non-free specialised real-estate 1 non-free specialised real-estate 6 free specialised real-estate publications 8 free daily news press publications in Pre-press and printing: Group presentation publication in France publication in France publication in Switzerland in the Czech Republic France imprimeries-ips.com 6 Spir Annual Report 2006 Spir Annual Report 2006 7 WorldReginfo - 361a6a7b-2165-4348-9a16-b64e350b1534 Profile and locations Breakdown of A Global Player in Local Communication activities 588.5 4,124 22,671 5 million euros permanent salaried distributors activities: Breakdown of sales by activity, Breakdown of operating Breakdown of employees by in total sales employees and couriers Free advertising publications in % income by activity, in % activity, in % for 2006 Specialised real estate publications (Base of 588.5 M) (Base of 69.2 M) (Based on 4,124 employees / Not including 22,671 distributors and couriers - Adrexo)) Printing 4 Internet 3 Distribution of printed matter 5 6 European countries where 1 2 6 group is present 1 - France 2 - Switzerland 3 - Belgium 4 - The Netherlands 5 - Czech Republic 6 - Hungary The Spir Communication Group also owns: Multimédia SAS, publisher of the Internet site Shareholdings (on 31 December 2006): leboncoin.fr. > a 25% shareholding in 20 Minutes France Treasury shareholding 1.7% SAS, publisher of the free daily newspaper 20 > a 25% shareholding in S3G Com SA, publisher Public 33.4% minutes (8 editions: Paris / Lille / Lyons / of free advertising newspapers in Southwest Group Sofiouest 64.9% Free advertising publications 37.4% Free advertising publications 26.3% Free advertising publications 34.3% Marseilles / Toulouse / Bordeaux / Nantes / France Strasbourg) The Spir Communication Group is listed on the Specialised real estate publications 14.5% Specialised real estate publications 18.0% Specialised real estate publications 11.7% > a 70% shareholding in Régie Publicitaire Eurolist (B), is part of the CAC IT, CAC Mid, CAC Printing 5.3% Printing 21.4% Printing 17.5% > a 50% shareholding in A Nous Province SAS, Nationale SAS (via Regicom 60% and Spir Mid 100, Midcac, Next 150, and SBF 120 publisher of the City magazine A NOUS (3 Communication 10%) (nationwide offer of TOP indexes, and is eligible for SRD. Internet pure player 1.0% Internet pure player 1.9% Internet pure player 1.3% editions: Lyons / Marseilles - Aix-en-Provence / Impact) Nice – French Riviera) Distribution of printed matter 41.8% Distribution of printed matter 32.4% Distribution of printed matter 35.2% > a 65% shareholding in Adrexo Sud-Ouest SAS > a 50% shareholding in Algo Communication (via Adrexo) SARL, publisher of the City magazine A NOUS (1 edition: Lille) > a 56.07% shareholding in Distrihome SAS (via Adrexo) Group presentation > a 50% shareholding in Editions Aixoises 8 Spir Annual Report 2006 Spir Annual Report 2006 9 WorldReginfo - 361a6a7b-2165-4348-9a16-b64e350b1534 History 1971 1972 /1984 1985/1986 1987/1990 1991/1994 1995/1997 1998/1999 2000/2001 2002 2005 2006 Claude Léoni, founder Development of titles Development of new Spir Communication Sofiouest (Ouest- Spir Communication Acquisition of Spir Communication Spir invests in a new All the free Spir Communication which is awarded to of the Spir in Provence-Côte titles in Normandy. becomes a joint stock France Group) shares are listed for Concept Multimédia, exceeds € 300 activity, the free daily advertising signs an agreement the private operator Communication d’Azur and then in Rotosud opens a company (SA) and is becomes the majority monthly settlement. publisher of 5 million in sales. SDP, news press, by newspapers are with the Belgian ARCEP. Group, launches the Languedoc- second printing plant listed on the Second shareholder of the The merger- Specialised Real the Group’s acquiring a consolidated under a company Roularta to first free weekly in Roussillon. in Rouen. Marché of the Paris Spir Communication absorption of the Estate Magazines subsidiary for the shareholding of 25% single nation-wide develop a network for Aix-en-Provence, Aix- Acquisition of Telematics makes it Stock Exchange in Group. Carillon Group under the trade name distribution of printed in 20 Minutes France brand name, the city magazines A Hebdo. majority shareholding possible to consult 1989. The latter acquires increases the number LOGIC-IMMO. matter, becomes SAS, the publisher of TOP’annonces. At the NOUS in the in the printing classified ads from Régicom, the 95% of the IPS of titles to 104, with a An internet site for Adrexo and confirms the Parisian same time, the provinces, and company Rotosud in newspapers via advertising agency Group, the printer of weekly circulation of classified ads is its ambition of newspaper 20 Internet site petites- obtains an 1975. minitel. for the Group’s all of its newspapers 9 million copies. launched: becoming the largest minutes. annonces.fr becomes authorisation from Creation of SDP, the newspapers, is as well as 26 The Group has 8 pre- petites-annonces.fr private national topannonces.fr. The the French Ministre Group's newspaper created. publications in the press centres, 4 advertising nation-wide de l’Economie, des distribution company, Top Affaires, with the Paris Region. printing plants and distributor. Distribution Collective Finances et de in 1979. largest circulation in SDP penetrates the 109 distribution Bargaining l’industrie to merge the Group with West and Central centres. Agreement takes its free advertising 460,000 copies, is France markets by In 1997, Spir effect as of July the newspaper and launched in Lyons. taking control of the Communication first, providing an distribution of printed Development in distribution increases its official employment matter assets in Rhône-Alpes companies of the shareholding to 66% status to the Southwest France continues: new titles Carillon Group. in the Le Galibot distributors of non- with those of S3G are created in Spir Communication Group, owner of 22 addressed printed Group. Together with France's Savoy breaks the € 150 titles and 18 matter. In the Norwegian region. million threshold in distribution centres in September, Spir company Schibsted, a A third printing plant sales with 70 the North of France. Communication general-interest site is set up in the newspapers and The Spir acquires its first pure for free classified Rhone-Alpes region. more than 6 million Communication share player Internet site, ads, leboncoin.fr, is The Group publishes weekly copies in is listed in the SBF 80 caradisiac.com. launched. On 13 40 newspapers, with 1994. and 120 indices. June 2006, Adrexo 3.5 million copies obtains the first every week. national authorisation Group presentation for postal distribution, 10 Spir Annual Report 2006 Spir Annual Report 2006 11 WorldReginfo - 361a6a7b-2165-4348-9a16-b64e350b1534 Organisation Chairman’s statement 14 Management committee 16 Management and auditing 18 Group organization chart 19 Corporate governance 20 12 Spir Annual Report 2006 Spir Annual Report 2006 13 WorldReginfo - 361a6a7b-2165-4348-9a16-b64e350b1534 policy, and has decided to propose to the general meeting of shareholders on 15 May 2007 a dividend of 5 euros per share for the year 2006. This proposed dividend corresponds to a distribution rate of 58%, and Chairman's a yield of 4.3% with respect to the share price of 31 December 2006. These figures are far superior to the SBF 120 average rates and yields. Considering the amazing progress that Spir statement Communication has made over the past ten years, with sales quadrupling over the period, it must be said that the group can boast of a solid base in its traditional business activities. Over the years, each Proud past and bright future the fact that the London Agents sector has proven once again that it still offers magazines ceased activities in growth potential.