Download
financial results 6m 2008 august 28 2008 n.
Skip this Video
Loading SlideShow in 5 Seconds..
Financial results 6M 2008 August 28, 2008 PowerPoint Presentation
Download Presentation
Financial results 6M 2008 August 28, 2008

Financial results 6M 2008 August 28, 2008

113 Views Download Presentation
Download Presentation

Financial results 6M 2008 August 28, 2008

- - - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript

  1. Financial results 6M 2008August 28, 2008

  2. FF Group H1 Financials FOLLI FOLLIE GROUP OF COMPANIES 2/28

  3. Group Sales €30mn €114mn €154mn €115mn Total €413 million FOLLI FOLLIE GROUP OF COMPANIES 3/28

  4. FOLLI FOLLIE GROUP OF COMPANIES

  5. Folli Follie Group - Financial Highlights H1 2008 • Full consolidation of Elmec Sport for a 6-months period • Increased sales by 53% compared to H1 2007, supported by the new group structure • Operating profit increases by 24,1% • Decline of group’s EBITDA margin to 22,3% from 26,9% • Despite increased interest expenses compared to H1 2007, a solid net profit growth after minorities of 8,5% on group level FOLLI FOLLIE GROUP OF COMPANIES 5/28

  6. Folli Follie Group - Financial Results H1 2008 FOLLI FOLLIE GROUP OF COMPANIES 6/28

  7. Folli Follie Group - Financial Highlights H1 2008 • Strong sales growth for Folli Follie stand alone (+27% in constant currency terms), indicating resilience in a difficult market environment • All regions keep on recording strong sales growth, despite an adverse currency effect • EBITDA growth of 12% compared to H1 2007 • Gross margin for Folli Follie stand alone on FY 2007 level • Net profit growth of 12,5% • EPS growth for FF stand alone of 8,4% FOLLI FOLLIE GROUP OF COMPANIES 7/28

  8. Folli Follie stand-alone - Financial Results H1 2008 Folli Follie stand-alone Folli Follie stand-alone H1 2008 H1 2007 % of sales % of sales y-o-y Amounts in € million Total Sales 154,2 134,9 14,3% EBITDA 51,9 33,7% 46,3 34,3% 12,1% EBITDA Margin 37,1% 34,3% EBT 49,9 32,4% 47,4 35,2% 5,3% EAT after minorities 42,9 27,9% 39,6 29,3% 8,4% EPS (€) 1,30 1,20 FOLLI FOLLIE GROUP OF COMPANIES 8/28

  9. + 27,1 % + 14,2 % Net sales H1 2007 vs. H1 2008 Amounts in EUR mn. • Solid sales increase of 14,2% in a still difficult market environment • Ex-currency Folli Follie stand-alone records an strong sales increase of 27,1% FOLLI FOLLIE GROUP OF COMPANIES 9/28

  10. Net sales by Region Amounts in EUR mn. • Very positive sales growth throughout all regions • Japan with a currency adjusted sales increase of +12% • Europe recording a double-digit sales growth by showing yet another strong quarter • Continuously successful sales results in the travel retail sector with an impressive 47% currency adjusted growth FOLLI FOLLIE GROUP OF COMPANIES 10/28

  11. Net sales by Region H1 2008 H1 2007 FOLLI FOLLIE GROUP OF COMPANIES 11/28

  12. JEWELLERY WATCHES ACCESSORIES JEWELLERY WATCHES ACCESSORIES Financials – Product Category Sales H1 2008 H1 2007 FOLLI FOLLIE GROUP OF COMPANIES 12/28

  13. Remarks • During H1 of 2008, 11 new points of sale opened (4 relocations): 1 in Greece, 1 in France, 1 in Spain, 1 in Japan, 2 in Korea, 2 in China, 1 in Indonesia and 2 in Thailand • End of H1 2008 Folli Follie counted 366 points of sale in 25 countries • 5 % of total turnover in local currency accounted from new openings from 30/6/2007 till 30/6/2008 FOLLI FOLLIE GROUP OF COMPANIES 13/28

  14. FOLLI FOLLIE GROUP OF COMPANIES

  15. 6M 2008 – Contribution by Company FOLLI FOLLIE GROUP OF COMPANIES 15/28

  16. Sales by region +5.3% +6.3% +3.4% +5.7% +9.5% -10.5% Amounts in € million FOLLI FOLLIE GROUP OF COMPANIES 16/28

  17. Sales by region 6M 2008 6M 2007 • AIA sales +6.3% YoY. • Other airports’ sales +5.7% YoY. • Border sales +3.4% YoY. • Port sales +9.5% YoY. • Wholesale -10.5% YoY. FOLLI FOLLIE GROUP OF COMPANIES 17/28

  18. Sales by category 6M 2007 6M 2008 • Best performing product categories: • Confectionery & Fine Food sales +13.8% at €12.2 million. • Luxury Goods / Other products sales +6.6% at €18.9 million. • Perfumes & Cosmetics sales +5.3% at €45.3 million. FOLLI FOLLIE GROUP OF COMPANIES 18/28

  19. DF/DP sales 6M 2007 6M 2008 • DF sales increased by 5.4% reaching €42.4 million from €40.3 million in 6M 2007. • DP sales increased by 5.1% reaching €64.8 million from €61.7 million in 6M 2007. FOLLI FOLLIE GROUP OF COMPANIES 19/28

  20. Key performance indicators • Pax spending +0.5% YoY. • Customer spending +2.9% YoY. • Decreased penetration by 66 bps. FOLLI FOLLIE GROUP OF COMPANIES 20/28

  21. SALES vs. DEPARTING PASSENGERS Growth Sales growth for 6M 2008 +5.3% Pax growth for 6M 2008 +5.1% FOLLI FOLLIE GROUP OF COMPANIES 21/28

  22. FOLLI FOLLIE GROUP OF COMPANIES

  23. 6M 2008 – Contribution by Company FOLLI FOLLIE GROUP OF COMPANIES 23/28

  24. Sales by region 2007 6M 2008 6M FOLLI FOLLIE GROUP OF COMPANIES 24/28

  25. Sales by region +27% +27% +57% +24% +34% Amounts in € million FOLLI FOLLIE GROUP OF COMPANIES 25/28

  26. % Sales by segment 2007 6M 2008 6M FOLLI FOLLIE GROUP OF COMPANIES 26/28

  27. Sales by segment +131% +27% +25% +19% +5% Amounts in € million FOLLI FOLLIE GROUP OF COMPANIES 27/28

  28. Financial results 6M 2008Thank you…