Market announcement
AS Silvano Fashion Group
LEI code
529900JNG41RRJKJYB65
Size of the entity
Large group
Economic activities
Financial and Insurance Activities
Country of registered office
Estonia
General information
Categories
Management interim statement or quarterly financial report
Unique data record identifier
4221
Attachments
Submission date and time
08.11.2013 19:00:00
Content of announcement in Estonian
Title
2013. aasta III kvartali ja 9 kuu konsolideeritud vahearuanne (auditeerimata)
Message
Tallinn, 2013-11-08 18:00 CET (GLOBE NEWSWIRE) --
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Valikulised finantsnäitajad</span></span>
<span style="font-family:Arial, Helvetica,
sans-serif;font-size:10pt;">Kontserni 2013. aasta 9 kuu (võrrelduna 2012. aasta
9 kuuga) ja 30.09.2013 (võrrelduna 31.12.2012) valikulised finantsnäitajad on
järgmised:</span><span style="font-family:Arial, Helvetica,
sans-serif;font-size:10pt;"> </span>
<span <span <span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">Muutus
style style= style=
</span></span>
="font "font- "font-
-size: size:1 size:1
10pt;" 0pt;"> 0pt;">
><span <span <span
style style= style=
="font "font- "font-
-famil family family
y:Aria :Arial :Arial
l, , ,
Helve Helvet Helvet
tica, ica, ica,
sans- sans-s sans-s
serif; erif;" erif;"
">tuha >9 >9
ndetes kuud kuud
eurod 2013</ 2012</
es</sp span>< span><
an></s /span> /span>
pan>
--------------------------------------------------------------------------------
--------------------------------------------------
<span <span <span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">0,9%</span></span>
style style= style=
="font "font- "font-
-size: size:1 size:1
10pt;" 0pt;"> 0pt;">
><span <span <span
style style= style=
="font "font- "font-
-famil family family
y:Aria :Arial :Arial
l, , ,
Helve Helvet Helvet
tica, ica, ica,
sans- sans-s sans-s
serif; erif;" erif;"
">Müüg >98 >97
itulu< 812</s 907</s
/span> pan></ pan></
</span span> span>
>
<span <span <span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-11,7%</span></span>
style style= style=
="font "font- "font-
-size: size:1 size:1
10pt;" 0pt;"> 0pt;">
><span <span <span
style style= style=
="font "font- "font-
-famil family family
y:Aria :Arial :Arial
l, , ,
Helve Helvet Helvet
tica, ica, ica,
sans- sans-s sans-s
serif; erif;" erif;"
">EBIT >18 >20
DA</sp 501</s 942</s
an></s pan></ pan></
pan> span> span>
<span <span <span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-19,3%</span></span>
style style= style=
="font "font- "font-
-size: size:1 size:1
10pt;" 0pt;"> 0pt;">
><span <span <span
style style= style=
="font "font- "font-
-famil family family
y:Aria :Arial :Arial
l, , ,
Helve Helvet Helvet
tica, ica, ica,
sans- sans-s sans-s
serif; erif;" erif;"
">Arua >11 >14
ndeper 747</s 555</s
ioodi pan></ pan></
puhas span> span>
kasum<
/span>
</span
>
<span <span <span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-14,2%</span></span>
style style= style=
="font "font- "font-
-size: size:1 size:1
10pt;" 0pt;"> 0pt;">
><span <span <span
style style= style=
="font "font- "font-
-famil family family
y:Aria :Arial :Arial
l, , ,
Helve Helvet Helvet
tica, ica, ica,
sans- sans-s sans-s
serif; erif;" erif;"
">Puha >10 >12
skasum 709</s 485</s
, pan></ pan></
emaet span> span>
tevõtt
e
omani
ke
osa</
span><
/span>
<span <span <span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-14,2%
style style= style=
72,9%</span></span>
="font "font- "font-
-size: size:1 size:1
10pt;" 0pt;"> 0pt;">
><span <span <span
style style= style=
="font "font- "font-
-famil family family
y:Aria :Arial :Arial
l, , ,
Helve Helvet Helvet
tica, ica, ica,
sans- sans-s sans-s
serif; erif;" erif;"
">Kasu >0,27 >0,32
m 15 8
aktsi 274</s 107</s
a pan></ pan></
kohta span> span>
(euro
des)
Äriteg
evuse
rahav
oog
perio
odil</
span><
/span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">30.09.2013</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">31.12.2012</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Muutus
style
</span></span>
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">tuha
ndetes
eurod
es</sp
an></s
pan>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
------------------
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">80 945</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">75 837</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">6,7%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Vara
d
kokku
</span
></spa
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">58 928</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">55 847</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">5,5%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Käib
evarad
kokku
</span
></spa
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">56 981</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">51 396</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">10,9%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Omak
apital
kokku
,
emaet
tevõtt
e
omani
ke
osa</
span><
/span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">145</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">47</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">208,5%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Laen
ukohus
tused<
/span>
</span
>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">24 708</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">16 260</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">52,0%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Raha
ja
raha
ekviv
alendi
d</spa
n></sp
an>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span>
<span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">9 kuud <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">9 kuud 2012</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Muutus <span
style="font-s
2013</span></span>
</span></span> style
ize:10pt;"><sp
="font
an
-size:
style="font-f
10pt;"
amily:Arial,
><span
Helvetica,
style
sans-serif;">
="font
Rentaablusanal
-famil
üüs,
y:Aria
%</span></spa
l,
n>
Helve
tica,
sans-
serif;
">
</spa
n></sp
an>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
-----------------------------
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">35,6</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">36,3</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-1,8%</span></span> <span
style="font-s
style
ize:10pt;"><sp
="font
an
-size:
style="font-f
10pt;"
amily:Arial,
><span
Helvetica,
style
sans-serif;">
="font
Brutokasum</sp
-famil
an></span>
y:Aria
l,
Helve
tica,
sans-
serif;
">
</spa
n></sp
an>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">18,7</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">21,4</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-12,5%</span></span> <span
style="font-s
style
ize:10pt;"><sp
="font
an
-size:
style="font-f
10pt;"
amily:Arial,
><span
Helvetica,
style
sans-serif;">
="font
EBITDA</span><
-famil
/span>
y:Aria
l,
Helve
tica,
sans-
serif;
">
</spa
n></sp
an>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">11,9</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">14,9</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-20,0%</span></span> <span
style="font-s
style
ize:10pt;"><sp
="font
an
-size:
style="font-f
10pt;"
amily:Arial,
><span
Helvetica,
style
sans-serif;">
="font
Puhaskasum</sp
-famil
an></span>
y:Aria
l,
Helve
tica,
sans-
serif;
">
</spa
n></sp
an>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">10,8</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">12,8</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-15,0%</span></span> <span
style="font-s
style
ize:10pt;"><sp
="font
an
-size:
style="font-f
10pt;"
amily:Arial,
><span
Helvetica,
style
sans-serif;">
="font
Puhaskasum,
-famil
emaettevõtte
y:Aria
omanike
l,
osa</span></s
Helve
pan>
tica,
sans-
serif;
">
</spa
n></sp
an>
-------
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">30.09.2013</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">31.12.2012</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Muutus</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Fina
ntssuh
tarvud
,
%</sp
an></s
pan>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
------------------------------------
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">15,0</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">32,2</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-53,4%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">ROA<
/span>
</span
>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">22,3</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">50,9</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-56,1%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">ROE<
/span>
</span
>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">8,1</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">5,5</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">47,6%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Hinn
a/
kasum
i
suhe<
/span>
</span
>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">5,6</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">3,6</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">55,5%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Lühi
ajalis
te
kohus
tuste
katte
kordaj
a</spa
n></sp
an>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">3,6</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">2,1</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">72,3%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Likv
iidsus
kordaj
a</spa
n></sp
an>
<span <span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;"> </span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;"> </span></span> <span
style style
style
style
="font ="font
="font
="font
-size: -size:
-size:
-size:
10pt;" 10pt;"
10pt;"
10pt;"
><span ><span
><span
><span
style style
style
style
="font ="font
="font
="font
-famil -famil
-famil
-famil
y:Aria y:Aria
y:Aria
y:Aria
l, l,
l,
l,
Helve Helve
Helve
Helve
tica, tica,
tica,
tica,
sans- sans-
sans-
sans-
serif; serif;
serif;
serif;
"> ">
">
">
</spa </spa
</spa
</spa
n></sp n></sp
n></sp
n></sp
an> an>
an>
an>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Konsolideeritud finantsseisundi aruanne</span></span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">30.09.2013</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">31.12.2012</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">tuha
ndetes
eurod
es</sp
an></s
pan>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
----------------------------------------------------------------------
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">VARA
D</spa
n></sp
an>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Käib
evara<
/span>
</span
>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">24 708</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">16 260</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Raha
ja
panga
kontod
</span
></spa
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">412</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">243</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Ette
maksed
</span
></spa
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">12 956</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">14 746</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Nõud
ed
ostja
te
vastu
ja
muud
nõude
d</spa
n></sp
an>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">20 852</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">24 598</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Varu
d</spa
n></sp
an>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">58 928</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">55 847</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Käib
evara
kokku
</span
></spa
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">
</spa
n></sp
an>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Põhi
vara</
span><
/span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">0</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">1</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Pika
ajalis
ed
nõude
d</spa
n></sp
an>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">137</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">164</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Inve
steeri
ngud
sidus
ettevõ
tetess
e</spa
n></sp
an>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">501</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">492</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Muud
inves
teerin
gud</s
pan></
span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">203</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">231</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Edas
ilükku
nud
tulum
aksuva
ra</sp
an></s
pan>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">714</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">443</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Imma
teriaa
lne
põhiv
ara</s
pan></
span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">1 616</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">1 618</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Kinn
isvara
invest
eering
ud</sp
an></s
pan>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">18 846</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">17 041</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Mate
riaaln
e
põhiv
ara</s
pan></
span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">22 017</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">19 990</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Põhi
vara
kokku
</span
></spa
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">80 945</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">75 837</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">VARA
D
KOKKU
</span
></spa
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
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Helve
tica,
sans-
serif;
">
</spa
n></sp
an>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">KOHU
STUSED
JA
OMAKA
PITAL<
/span>
</span
>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Lühi
ajalis
ed
kohus
tused<
/span>
</span
>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">145</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">47</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Laen
ukohus
tused<
/span>
</span
>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">9 076</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">11 171</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Võla
d
tarni
jatele
ja
muud
võlad
</span
></spa
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">1 304</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">1 008</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Maks
uvõlad
</span
></spa
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">10 525</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">12 226</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Lühi
ajalis
ed
kohus
tused
kokku
</span
></spa
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">
</spa
n></sp
an>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Pika
ajalis
ed
kohus
tused<
/span>
</span
>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">2 251</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">2 162</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Edas
ilükku
nud
tulum
aksuko
hustus
</span
></spa
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">2 251</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">2 162</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Pika
ajalis
ed
kohus
tused
kokku
</span
></spa
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">12 776</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">14 388</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Kohu
stused
kokku
</span
></spa
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">
</spa
n></sp
an>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Omak
apital
</span
></spa
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">15 760</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">15 760</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Akts
iakapi
tal</s
pan></
span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">13 822</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">13 822</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Ülek
urss</
span><
/span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">-170</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-20</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Omaa
ktsiad
</span
></spa
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">1 306</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">1 306</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Kohu
stusli
k
reser
vkapit
al</sp
an></s
pan>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">-786</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">15</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Real
iseeri
mata
kursi
vahed<
/span>
</span
>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">27 049</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">20 513</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Jaot
amata
kasum
</span
></spa
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">56 981</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">51 396</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Omak
apital
kokku
,
emaet
tevõtt
e
omani
ke
osa</
span><
/span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">11 188</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">10 053</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Mitt
ekontr
olliv
osalu
s
omaka
pitali
s</spa
n></sp
an>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">68 169</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">61 449</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Omak
apital
kokku
</span
></spa
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">80 945</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">75 837</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">OMAK
APITAL
JA
KOHUS
TUSED
KOKKU
</span
></spa
n>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span><span style="font-family:Arial, Helvetica,
sans-serif;font-size:10pt;"> </span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Konsolideeritud kasumiaruanne</span></span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">III kvartal <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">III kvartal <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">9 kuud <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> 9 kuud <span
style
2013</span></span>
2012</span></span>
2013</span></span>
2012</span></span> style=
="font
"font-
-size:
size:1
10pt;"
0pt;">
><span
<span
style
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">tuha
>
ndetes
</span
eurod
></spa
es</sp
n>
an></s
pan>
--------------------------------------------------------------------------------
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<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">29 865</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">32 406</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">98 812</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">97 907</span></span> <span
style
style=
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"font-
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size:1
10pt;"
0pt;">
><span
<span
style
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">Müüg
>
itulu<
</span
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></spa
</span
n>
>
<span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-18 <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-22 <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;"> </span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-63 632</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-62 409</span></span> <span
style
068</span></span>
347</span></span>
style=
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10pt;"
0pt;">
><span
<span
style
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">Müüd
>
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</span
tooda
></spa
ngu
n>
kulu<
/span>
</span
>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">11 797</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">10 059</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">35 180</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">35 498</span></span> <span
style
style=
="font
"font-
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size:1
10pt;"
0pt;">
><span
<span
style
style=
="font
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">Brut
>
okasum
</span
</span
></spa
></spa
n>
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
style
style=
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><span
<span
style
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>
</spa
</span
n></sp
></spa
an>
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">-3 739</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-2 982</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-12 124</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-9 929</span></span> <span
style
style=
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size:1
10pt;"
0pt;">
><span
<span
style
style=
="font
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">Turu
>
stusku
</span
lud</s
></spa
pan></
n>
span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">-1 577</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-1 738</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-4 981</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-5 758</span></span> <span
style
style=
="font
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size:1
10pt;"
0pt;">
><span
<span
style
style=
="font
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-famil
family
y:Aria
:Arial
l,
,
Helve
Helvet
tica,
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sans-
sans-s
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erif;"
">Üldh
>
aldusk
</span
ulud</
></spa
span><
n>
/span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">62</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-63</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">496</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">496</span></span> <span
style
style=
="font
"font-
-size:
size:1
10pt;"
0pt;">
><span
<span
style
style=
="font
"font-
-famil
family
y:Aria
:Arial
l,
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Helve
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tica,
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sans-
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">Muud
>
äritu
</span
lud</s
></spa
pan></
n>
span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">-764</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-475</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-1 922</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-1 263</span></span> <span
style
style=
="font
"font-
-size:
size:1
10pt;"
0pt;">
><span
<span
style
style=
="font
"font-
-famil
family
y:Aria
:Arial
l,
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Helve
Helvet
tica,
ica,
sans-
sans-s
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erif;"
">Muud
>
äriku
</span
lud</s
></spa
pan></
n>
span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">5 779</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">4 801</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">16 649</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">19 044</span></span> <span
style
style=
="font
"font-
-size:
size:1
10pt;"
0pt;">
><span
<span
style
style=
="font
"font-
-famil
family
y:Aria
:Arial
l,
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Helve
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tica,
ica,
sans-
sans-s
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">Ärik
>
asum</
</span
span><
></spa
/span>
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
style
style=
="font
"font-
-size:
size:1
10pt;"
0pt;">
><span
<span
style
style=
="font
"font-
-famil
family
y:Aria
:Arial
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Helve
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">
>
</spa
</span
n></sp
></spa
an>
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">272</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">920</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-323</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">454</span></span> <span
style
style=
="font
"font-
-size:
size:1
10pt;"
0pt;">
><span
<span
style
style=
="font
"font-
-famil
family
y:Aria
:Arial
l,
,
Helve
Helvet
tica,
ica,
sans-
sans-s
serif;
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">Tulu
>
/(kulu
</span
)
></spa
valuu
n>
takurs
i
muutu
stest<
/span>
</span
>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">313</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">108</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">721</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">420</span></span> <span
style
style=
="font
"font-
-size:
size:1
10pt;"
0pt;">
><span
<span
style
style=
="font
"font-
-famil
family
y:Aria
:Arial
l,
,
Helve
Helvet
tica,
ica,
sans-
sans-s
serif;
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">Muud
>
finan
</span
tstulu
></spa
d/(kul
n>
ud)</s
pan></
span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">585</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">1 028</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">398</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">874</span></span> <span
style
style=
="font
"font-
-size:
size:1
10pt;"
0pt;">
><span
<span
style
style=
="font
"font-
-famil
family
y:Aria
:Arial
l,
,
Helve
Helvet
tica,
ica,
sans-
sans-s
serif;
erif;"
">Fina
>
ntstul
</span
ud ja
></spa
-kulu
n>
d
kokku
</span
></spa
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
style
style=
="font
"font-
-size:
size:1
10pt;"
0pt;">
><span
<span
style
style=
="font
"font-
-famil
family
y:Aria
:Arial
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Helve
Helvet
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">
>
</spa
</span
n></sp
></spa
an>
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">1</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-113</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">9</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">9</span></span> <span
style
style=
="font
"font-
-size:
size:1
10pt;"
0pt;">
><span
<span
style
style=
="font
"font-
-famil
family
y:Aria
:Arial
l,
,
Helve
Helvet
tica,
ica,
sans-
sans-s
serif;
erif;"
">Kasu
>
m
</span
kapit
></spa
aliosa
n>
luse
meeto
dil
kajas
tatava
test
sidus
ettevõ
tetest
</span
></spa
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">6 365</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">5 716</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">17 056</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">19 927</span></span> <span
style
style=
="font
"font-
-size:
size:1
10pt;"
0pt;">
><span
<span
style
style=
="font
"font-
-famil
family
y:Aria
:Arial
l,
,
Helve
Helvet
tica,
ica,
sans-
sans-s
serif;
erif;"
">Kasu
>
m enne
</span
tulum
></spa
aksu</
n>
span><
/span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
style
style=
="font
"font-
-size:
size:1
10pt;"
0pt;">
><span
<span
style
style=
="font
"font-
-famil
family
y:Aria
:Arial
l,
,
Helve
Helvet
tica,
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sans-s
serif;
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">
>
</spa
</span
n></sp
></spa
an>
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">-1 249</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-2 902</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-3 904</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-6 110</span></span> <span
style
style=
="font
"font-
-size:
size:1
10pt;"
0pt;">
><span
<span
style
style=
="font
"font-
-famil
family
y:Aria
:Arial
l,
,
Helve
Helvet
tica,
ica,
sans-
sans-s
serif;
erif;"
">Tulu
>
maks</
</span
span><
></spa
/span>
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">5 116</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">2 814</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">13 152</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">13 817</span></span> <span
style
style=
="font
"font-
-size:
size:1
10pt;"
0pt;">
><span
<span
style
style=
="font
"font-
-famil
family
y:Aria
:Arial
l,
,
Helve
Helvet
tica,
ica,
sans-
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serif;
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">Kasu
>
m enne
</span
kasum
></spa
it
n>
/(kah
jumit)
rahal
iste
vahen
dite
netop
ositsi
oonist
</span
></spa
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
style
style=
="font
"font-
-size:
size:1
10pt;"
0pt;">
><span
<span
style
style=
="font
"font-
-famil
family
y:Aria
:Arial
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,
Helve
Helvet
tica,
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sans-
sans-s
serif;
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">
>
</spa
</span
n></sp
></spa
an>
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">-1 704</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">767</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-1 405</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">738</span></span> <span
style
style=
="font
"font-
-size:
size:1
10pt;"
0pt;">
><span
<span
style
style=
="font
"font-
-famil
family
y:Aria
:Arial
l,
,
Helve
Helvet
tica,
ica,
sans-
sans-s
serif;
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">Kasu
>
m
</span
(kahj
></spa
um)
n>
rahal
iste
vahen
dite
netop
ositsi
oonist
</span
></spa
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">3 412</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">3 581</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">11 747</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">14 555</span></span> <span
style
style=
="font
"font-
-size:
size:1
10pt;"
0pt;">
><span
<span
style
style=
="font
"font-
-famil
family
y:Aria
:Arial
l,
,
Helve
Helvet
tica,
ica,
sans-
sans-s
serif;
erif;"
">Arua
>
ndeper
</span
ioodi
></spa
kasum
n>
</span
></spa
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
style
style=
="font
"font-
-size:
size:1
10pt;"
0pt;">
><span
<span
style
style=
="font
"font-
-famil
family
y:Aria
:Arial
l,
,
Helve
Helvet
tica,
ica,
sans-
sans-s
serif;
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">Seal
>
hulgas
</span
</span
></spa
></spa
n>
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">3 093</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">2 824</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">10 709</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">12 485</span></span> <span
style
style=
="font
"font-
-size:
size:1
10pt;"
0pt;">
><span
<span
style
style=
="font
"font-
-famil
family
y:Aria
:Arial
l,
,
Helve
Helvet
tica,
ica,
sans-
sans-s
serif;
erif;"
">
>
Emaet
</span
tevõte
></spa
omani
n>
ke
osa</
span><
/span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">319</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">757</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">1 038</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">2 070</span></span> <span
style
style=
="font
"font-
-size:
size:1
10pt;"
0pt;">
><span
<span
style
style=
="font
"font-
-famil
family
y:Aria
:Arial
l,
,
Helve
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tica,
ica,
sans-
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serif;
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">
>
Mitte
</span
kontro
></spa
lliva
n>
osalu
se
osa</
span><
/span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
style
style=
="font
"font-
-size:
size:1
10pt;"
0pt;">
><span
<span
style
style=
="font
"font-
-famil
family
y:Aria
:Arial
l,
,
Helve
Helvet
tica,
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sans-
sans-s
serif;
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">
>
</spa
</span
n></sp
></spa
an>
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">0,08</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">0,07</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">0,27 </span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">0,32 </span></span> <span
style
style=
="font
"font-
-size:
size:1
10pt;"
0pt;">
><span
<span
style
style=
="font
"font-
-famil
family
y:Aria
:Arial
l,
,
Helve
Helvet
tica,
ica,
sans-
sans-s
serif;
erif;"
">Kasu
>
m
</span
aktsi
></spa
a
n>
kohta
emaet
tevõtt
e
omani
ke
osast
kasum
is,
nii
tava
kui
lahus
tatud
(euro
des)</
span><
/span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> <strong style="font-size: 11pt;">Ärikeskkond</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Silvano Fashion Group on oma tootebrändide portfelliga tunnustatud
turuliider naistepesu segmendis nii Venemaal, Valgevenes kui ka Ukrainas,
lisaks omab kontsern tugevat positsiooni teistes, vene keele taustaga riikides
(sh. Kasahstanis ja Moldovas) ning on ka tunnustatud tegija Balti
jaeturul.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Üldises plaanis levib maailma suuremates majandustes positiivsem
mõttemall, mida on toetanud vägagi vaba rahaturupoliitika, kuigi sisulise,
reaalmajanduse paranemiseni on veel pikk tee minna. Esmajoones on suurenenud
rahatrükk olnud suunatud majanduse stimuleerimisele, millest ehk kõige rohkem
ongi kasu lõiganud jaekaubandusäri tarbijate ostude mahu kasvust.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Me näeme paranemise märke esmajoones eurotsoonis, sealhulgas Balti
riikides tervikuna levivast optimismist (ootusest) tarbijausalduse taastumise
kohta ning Kesk- ja Ida-Euroopas tegutsevate jaekaubandusettevõtete
laienemisplaane. Kolmandas kvartalis väljendus see Kontserni jaoks Valgevene,
Ukraina ja muude turgude müükide kasvus, kuid kahjuks mitte meie põhiturul –
Venemaal, kus ootame trendi muutust alles 2014. aasta alguses. Vaadates
Kontserni tegevusi antud majanduskeskkonnas näeme, et ka kehvema kasvu
tingimustes jätkub Kontserni frantsiisikaupluste arvu kasv, mis vähendab
ebakindlama hulgimüügisegmendi mõju; samuti näeme, et kasv jätkub ja
kontsentreerub Kontserni jaoks “uutel” turgudel, kus varasem globaalne surutis
ei ole niivõrd märgatavalt mõju avaldanud.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Venemaa hetkeprobleem on SKP kasvutempo alanemine alla 2%. Vene
Föderatsiooni asemajandusministri sõnul kasvas riigi majandus III kvartalis
1,2% võrra. Vaatamata majanduse aeglustumisele jätkab Kontsern Venemaal uute
frantsiisipoodide avamisega, mis on meie arvates lahendus tasakaalustamaks
vähem läbipaistva hulgimüügi kanali mahtude vähenemist. Uute kaupluste neto
juurdekasv kolmandas kvartalis vähenes, kuid see on peamiselt tingitud mõnede
kaupluste sulgemisest ümberpaiknemise tõttu. III kvartali lõpus oli Kontsernil
Venemaal 378 frantsiisikauplust, mis koos hulgimüügiga genereerisid 2013. a. 9
kuu jooksul 58 375 tuhande euro suuruse läbimüügi võrreldes 59 560 tuhande euro
suuruse läbimüügiga samal perioodil eelmisel aastal.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Valgevene tarbimiskeskkond jätkab tugeval kursil. Eelinfo SKP
kohta näitab tagasihoidlikku 1,1% suurust kasvu aasta arvestuses. Tarbijate
ostujõu tugevnemise taga on riigi keskmise palgataseme (andmed põhinevad 8 kuu
statistikal) tõus 19,5% võrra 5,5 miljoni rublani (umbes 440 eurot kuus).
Tarbijahinnaindeks on tõusnud 11% võrra aasta algusest (Valgevene keskpank
sihib 12% inflatsioonimäära 2013. aastaks). Arvatavasti (küll aeglustuvas
tempos) jätkab jaesektor lähitulevikus kasvu. Kontsern opereerib Valgevenes 52
kauplust, lisaks on Kontsernil 5 frantsiisikauplust. Valgevene müügikäive
ulatus 2013. aasta 9 kuuga 24 587 tuhande euroni võrreldes 24 508 tuhande
euroga samal perioodil eelmisel aastal.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Ukrainas, kus reaalmajanduse kasv on pidurdunud ning poliitiline
tähelepanu on suunatud riigi välispoliitikale, läheb Kontsernil tänu tugevatele
frantsiisi- ja hulgimüügipartneritele üle ootuste positiivselt. Sellele
vaatamata on tarbimine hetkel õhukesel jääl kuna majanduse taastumise kohta
lähitulevikuks märgid puuduvad. Kontsernil on 2013. aasta III kvartali lõpus
Ukrainas 93 frantsiisikauplust. Kontserni 9 kuu müügikäive ulatus käesoleval
aastal 7 141 tuhande euroni võrreldes 5 740 tuhande euroga möödunud
aastal.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Balti riikide jaekaubandussektor näitab tugevuse märke ning selles
osas jagame teiste turuosaliste optimismi. Üks kasvumootoritest on II kvartali
reaalpalkade kasv (eriti Eestis), mis stimuleerib eratarbimise mahtu. Käesoleva
aruande avalikustamise hetkel puudub meil 9 kuu majandusstatistiline
informatsioon. Kontsern opereerib Balti riikides 9 oma kauplusega, millele
lisaks on frantsiisipartneritel kokku 32 kauplust. Kontserni kogumüük Balti
riikides 9 kuu lõikes moodustas 2 015 tuhat eurot võrreldes 2 530 tuhande
euroga eelmise aasta samas perioodis, mahu vähenemise taga on re-ekspordist
tuleneva hulgimüügi komponendi langus (Kontsern on korrastanud oma
müügipoliitikat ja korraldab müüke läbi sihtriikide
müügiesinduste).</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Kontserni muud sihtturud, nimekirja tipus on Kasahstan ja Moldova,
näitasid käesoleval aastal positiivset dünaamikat. Kontserni müügikäive
nimetatud kahes riigis ulatus käesoleva aasta 9 kuu lõikes 4 677 tuhande euroni
võrreldes aastataguse 3 692 tuhande euro läbimüügiga. Ülejäänud “muud turud”
jagunevad nii ida- kui läänesuunaliste turgude vahel (9 kuu 2013. aasta
müügikäive 2 017 tuhat eurot võrreldes eelmise aasta samal perioodil 1 877
tuhande euroga).</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Kaupluste avamise osas 2013. a. III kvartalis moodustas avamiste
netoarv (sisaldab kaupluste avamist kui ka kaupluste sulgemist, peaasjalikult
seoses ümberpaiknemistega) Milavitsa brändi all kokku 10 kauplust ning Lauma
Lingerie brändi all kokku 2 kauplust. Kontsern opereerib nii ise kui ka
frantsiisipartnerite vahendusel kokku 648 kauplust (neto juurdekasv 66 kaupluse
võrra võrreldes 2012 aasta lõpuga). Milavitsa ja Lauma Lingerie
frantsiisipartnerite võrgustikust tulenev Kontserni müügigeograafia katab juba
enam kui 20 riiki.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Majandustulemused</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Kontserni 2013. aasta 9 kuu käive moodustas 98 812 tuhat eurot,
suurenedes eelmise aasta sama perioodiga võrreldes 0,9%. Hulgimüügi kogukäive
kasvas 0,17% võrra ja jaemüügi käive 5,04% võrra.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Kontserni brutorentaablus 2013. aasta III kvartalis paranes,
moodustades 39,5%, eelmise aasta sama perioodi vastav näitaja oli 31,0%. 2013.
aasta 9 kuu brutorentaablus ulatus 35,6%-ni võrreldes 36,3%-ga eelmise aasta
samal perioodil. 2013. aasta III kvartali konsolideeritud ärikasum ulatus 5 779
tuhande euroni võrreldes 2012. aasta III kvartali konsolideeritud ärikasumiga
summas 4 801 tuhat eurot. 2013. aasta 9 kuu konsolideeritud ärikasum oli 16 649
tuhat eurot võrreldes 19 044 tuhande euroga eelmise aasta samal perioodil.
Peamiseks languse põhjuseks on kõrgemad müügi- ja jaotuskulud. 9 kuu 2013
konsolideeritud ärikasumi rentaablus oli 16,8% (2012. a 9 kuud:
19,5%).</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Emaettevõtte omanike osa 2013. aasta III kvartali konsolideeritud
puhaskasumist ulatus 3 093 tuhande euroni, 2012. aasta III kvartali vastav
näitaja oli 2 824 tuhat eurot. Emaettevõtte omanike osa 2013. aasta 9 kuu
konsolideeritud puhaskasumist ulatus 10 709 tuhande euroni, 2012. aasta 9 kuu
vastav näitaja oli 12 845 tuhat eurot; 9 kuu 2013 emaettevõtte omanike osa
puhasrentaablusest oli 10,8% (2012. aasta 9 kuud: 12,8%).</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Finantsseisund</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Seisuga 30. september 2013 ulatus konsolideeritud varade maht 80
945 tuhande euroni, seega võrreldes 31. detsemberiga 2012 moodustas kasv
6,7%.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Võrreldes 31. detsembriga 2012 kahanesid nõuded ostjate vastu 1
790 tuhande euro võrra ja moodustasid 2013. aasta 30. septembri seisuga 12 956
tuhat eurot. Varude saldo vähenes 3 746 tuhande euro võrra moodustades 2013.
aasta 30. septembri seisuga 20 852 tuhat eurot. Ostjate tasumata arvete ja
varude saldo vähenemine vastas ärivaldkonna hooajatrendile.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Emaettevõtte omanike osa omakapitalis suurenes 5 585 tuhande euro
võrra ulatudes 2013. aasta 30. septembri seisuga 56 981 tuhande
euroni.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Lühiajalised kohustused vähenesid 2013. aasta 9 kuuga 1 701
tuhande euro võrra. Lühi- ja pikaajalised laenukohustused suurenesid 98 tuhande
euro võrra ulatudes 2013. aasta 30. septembri seisuga 145 tuhande
euroni.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Müügi struktuur</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Müük turgude lõikes</span></span><span style="font-family:Arial,
Helvetica, sans-serif;font-size:10pt;"> </span>
<span <span <span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, <span
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">9 kuud 2013 <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">9 kuud 2012
style style= style= sans-serif;">Muutus</span></span>
style
%
käibest</span></span>
% käibest</span></span>
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ndetes kuud kuud
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eurod 2013</ 2012</
n></sp
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pan>
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--------------------------------
<span <span <span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-1 <span <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">59,1%</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">60,8%</span></span>
style style= style=
185</span></span> style
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maa</s 375</s 560</s
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<span <span <span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">79</span></span> <span
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">24,9%</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">25,0%</span></span>
style style= style=
style
="font "font- "font-
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10pt;"
><span <span <span
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<span <span <span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">1 <span <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">7,2%</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">5,9%</span></span>
style style= style=
401</span></span> style
="font "font- "font-
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10pt;"
><span <span <span
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style style= style=
style
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pan></ pan></ pan></
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<span <span <span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-515</span></span> <span
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">2,0%</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">2,6%</span></span>
style style= style=
style
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<span <span <span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">1 <span <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">6,8%</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">5,7%</span></span>
style style= style=
125</span></span> style
="font "font- "font-
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><span <span <span
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turud 694</s 569</s
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<span <span <span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">905</span></span> <span
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">100,0%</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">100,0%</span></span>
style style= style=
style
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<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Enamus 2013. aasta 9 kuu müügist on seotud Venemaaga, s.o 58 375
tuhat eurot, mis moodustas 59,1% kogukäibest. Müügimahult järgmine piirkond oli
Valgevene, kus käive ulatus 24 587 tuhande euroni, mis moodustas 24,9%
kogukäibest (nii jae- kui ka hulgimüük kokku). Ukraina müük ulatus 7 141
tuhande euroni, moodustades 7,2% kogumüügist.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Müük ärisegmentide lõikes</span></span><span
style="font-size:11pt;"> </span>
<span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">9 kuud <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">9 kuud <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica, <span
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">9 kuud 2013 <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">9 kuud 2012
style
2013</span></span>
2012</span></span>
sans-serif;">Muutus</span></span> style
% käibest</span></span>
%
käibest</span></span>
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an></s
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--------------------------------------------------------------------
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">81 900</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">81 <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">141</span></span> <span <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">82,9%</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">83,5%</span></span>
style
759</span></span>
style
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>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">16 614</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">15 <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">797</span></span> <span <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">16,8%</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">16,2%</span></span>
style
817</span></span>
style
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<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">298</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">331</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-33</span></span> <span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">0,3%</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">0,3%</span></span>
style
style
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style
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l,
Helve
Helve
tica,
tica,
sans-
sans-
serif;
serif;
">Muud
">
tegev
</spa
usvald
n></sp
konnad
an>
</span
></spa
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">98 812</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">97 <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">905</span></span> <span <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">100,0%</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">100,0%</span></span>
style
907</span></span>
style
="font
="font
-size:
-size:
10pt;"
10pt;"
><span
><span
style
style
="font
="font
-famil
-famil
y:Aria
y:Aria
l,
l,
Helve
Helve
tica,
tica,
sans-
sans-
serif;
serif;
">Kokk
">
u</spa
</spa
n></sp
n></sp
an>
an>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">2013. aasta 9 kuu hulgimüügi tulu ulatus 81 900 tuhande euroni,
mis moodustas 82,9% kontserni müügitulust (2012. aasta 9 kuud: 83,5%). Peamised
hulgimüügipiirkonnad olid Venemaa, Ukraina, Valgevene, Kasahstan ja
Moldova.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Kontserni 2013. aasta 9 kuu naistepesu jaemüügikäive moodustas
kokku 16 614 tuhat eurot (2012. aasta 9 kuud: 16,2%).</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">30. septembri 2013.a seisuga tegutses Milavitsa ja Lauma Lingerie
kaubamärkide all kokku 648 kauplust. Kontserni oma jaemüügiketid tegutsesid
Valgevenes ja Lätis. 2013. aasta 9 kuu lõpu seisuga opereeris kontsern 61
kauplusega. 2013. aasta 30. septembri seisuga tegutses Milavitsa tootemargi all
553 kauplust, mida haldasid Milavitsa äripartnerid Venemaal, Ukrainas,
Moldovas, Kasahstanis, Usbekistanis, Kõrgõzstanis, Lätis, Aserbaidžaanis,
Armeenias, Saksamaal, Lõuna-Aafrikas, Leedus, Eestis, Gruusias, Araabia
Ühendemiraatides, Iraanis, Sloveenias, Belgias ja Itaalias. Lisaks sellele
tegutses 2013. aasta 30. septembri seisuga ka 34 Lauma Lingerie kauplust, mida
haldasid Lauma Lingerie äripartnerid Leedus, Lätis, Eestis, Valgevenes ja
Albaanias.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Investeeringud</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Kontserni 2013. aasta 9 kuu investeeringute kogumaht
materiaalsesse põhivarasse moodustas 3 215 tuhat eurot. Põhiosa
investeeringutest tehti logistiliste võimsuste suurendamiseks ning tootmise
efektiivsuse säilitamiseks tulevastes perioodides.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Personal</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">2013. aasta 30. septembri seisuga oli kontsernil 3 159 töötajat,
neist 365 töötas jaemüügi segmendis. Ülejäänud töötajad tegutsesid tootmise,
hulgimüügi-, haldus- ja tugiteenuste valdkondades.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Kontserni 2013. aasta 9 kuu palgakulu koos maksudega oli 18 324
tuhat eurot. Kontserni juhtkonna võtmeisikute töötasud, sealhulgas
tütarettevõtete võtmeisikute tasud, moodustasid kokku 507 tuhat
eurot.</span></span><span style="font-family:Arial, Helvetica,
sans-serif;font-size:10pt;"> </span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Kontserni juhtorganite otsused 2013. aasta 9 kuu
jooksul</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">28. juunil toimus Silvano Fashion Group korraline aktsionäride
üldkoosolek. Üldkoosolek võttis vastu järgmised otsused.</span></span>
<ul><li><span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">Koosolek kinnitas 2012. majandusaasta
aruande.</span></span></li><li><span style="font-family:Arial, Helvetica,
sans-serif;font-size:10pt;">Koosolek otsustas jaotada aktsionäridele dividende
0,10 eurot ühe aktsia kohta (õigustatud aktsionäride nimekiri fikseeriti
12.07.2013, väljamakse teostati 15.07.2013).</span></li><li><span
style="font-family:Arial, Helvetica, sans-serif;font-size:10pt;">Koosolek
otsustas vähendada ettevõtte aktsiakapitali aktsiate nominaali vähendamise teel
0,10 euro võrra aktsia kohta väljamaksetena aktsionäridele (õigustatud
aktsionäride nimekiri fikseeriti 12.07.2013, väljamakse teostatakse peale
aktsiakapitali vähendamise registreerimisprotseduuri) ning muuta seonduvalt
ettevõtte põhikirja.</span></li><li><span style="font-family:Arial, Helvetica,
sans-serif;font-size:10pt;">Koosolek otsustas kinnitada aktsiate
tagasiostuprogrammi järgnevas: programm kestab kuni 30.06.2014; maksimaalne
tagasiostetavate aktsiate kogus on 400 000; maksimaalne tagasiostuhind ei tohi
ületada 2,50 eurot aktsia kohta.</span></li><li><span style="font-family:Arial,
Helvetica, sans-serif;font-size:10pt;">Koosolek otsustas seoses tähtaja
saabumisega tagasi kutsuda nõukogu liikme, hr. Pavel Daneiko ning nimetas uueks
nõukogu liikmeks hr. Mart Mutso.</span></li><li><span style="font-family:Arial,
Helvetica, sans-serif;font-size:10pt;">Koosolek kinnitas ka 2013. majandusaasta
audiitoriks AS-i PricewaterhouseCoopers.</span></li></ul><span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Juunikuus asutas Silvano Fashion Group 100% osalusega
tütaräriühingu Lätis (SIA Linret), mille eesmärgiks on valdustegevus.
</span></span>
Aleksei Kadõrko
Finantsdirektor
Tel: 6845 000
e-post: [email protected]
Content of announcement in English
Title
Consolidated interim report for Q3 and 9 months of 2013 (unaudited)
Message
Tallinn, 2013-11-08 18:00 CET (GLOBE NEWSWIRE) --
<strong style="font-family: Arial, Helvetica, sans-serif; font-size:
10pt;">Selected Financial Indicators
<span style="font-family:Arial, Helvetica,
sans-serif;font-size:10pt;">Summarized selected financial indicators of the
Group for 9 months 2013 compared to 9 months 2012 and 30.09.2013 compared to
31.12.2012 were as follows:</span><span style="font-family:Arial, Helvetica,
sans-serif;font-size:10pt;"> </span><span style="font-family:Arial, Helvetica,
sans-serif;font-size:10pt;"> </span>
<span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">9m <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">9m <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">Change
style
2013</span></span>
2012</span></span>
</span></span>
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">in
thous
ands
of
EUR</
span><
/span>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">98 812</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">97 <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">0.9%</span></span>
style
907</span></span>
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Reve
nue</s
pan></
span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">18 501</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">20 <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">-11.7%</span></span>
style
942</span></span>
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">EBIT
DA</sp
an></s
pan>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">11 747</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">14 <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">-19.3%</span></span>
style
555</span></span>
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Net
profi
t for
the
perio
d</spa
n></sp
an>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">10 709</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">12 <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">-14.2%</span></span>
style
485</span></span>
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Net
profi
t
attri
butabl
e
equit
y
holde
rs of
the
Paren
t
compa
ny</sp
an></s
pan>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">0.27</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">0.32</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-14.2%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Earn
ings
per
share
(EUR)
</span
></spa
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">15 274</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">8 <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">72.9%</span></span>
style
107</span></span>
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Oper
ating
cash
flow
for
the
perio
d</spa
n></sp
an>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">30.09.2013</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">31.12.2012</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Change
style
</span></span>
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">in
thous
ands
of
EUR</
span><
/span>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
------------------
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">80 945</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">75 837</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">6.7%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Tota
l
asset
s</spa
n></sp
an>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">58 928</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">55 847</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">5.5%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Tota
l
curre
nt
asset
s</spa
n></sp
an>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">56 981</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">51 396</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">10.9%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Tota
l
equit
y
attri
butabl
e to
equit
y
holde
rs of
the
Paren
t
compa
ny</sp
an></s
pan>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">145</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">47</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">208.5%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Loan
s and
borro
wings<
/span>
</span
>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">24 708</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">16 260</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">52.0%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Cash
and
cash
equiv
alents
</span
></spa
n>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span>
<span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">9m <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">9m <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">Change
style
2013</span></span>
2012</span></span>
</span></span>
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Marg
in
analy
sis,
%</sp
an></s
pan>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
------
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">35.6</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">36.3</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-1.8%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Gros
s
profi
t</spa
n></sp
an>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">18.7</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">21.4</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-12.5%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">EBIT
DA</sp
an></s
pan>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">11.9</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">14.9</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-20.0%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Net
profi
t</spa
n></sp
an>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">10.8</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">12.8</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-15.0%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Net
profi
t
attri
butabl
e
equit
y
holde
rs of
the
Paren
t
compa
ny</sp
an></s
pan>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">30.09.2013</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">31.12.2012</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">Change</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Fina
ncial
ratio
s,
%</sp
an></s
pan>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
------------------
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">15.0</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">32.2</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-53.4%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">ROA<
/span>
</span
>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">22.3</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">50.9</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-56.1%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">ROE<
/span>
</span
>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">8.1</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">5.5</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">47.6%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Pric
e to
earni
ngs
ratio
(P/E)
</span
></spa
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">5.6</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">3.6</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">55.5%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Curr
ent
ratio
</span
></spa
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">3.6</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">2.1</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">72.3%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Quic
k
ratio
</span
></spa
n>
<span style="font-size:10pt;"> Consolidated Statement of Financial
Position</span>
<span <span style="font-size:10pt;">30.09.2013</span> <span
style="font-size:10pt;">31.12.2012</span>
style
="font
-size:
10pt;"
>in
thous
ands
of
EUR</
span>
--------------------------------------------------------------------------------
------------------------
<span <span style="font-size:10pt;"> </span> <span
style="font-size:10pt;"> </span>
style
="font
-size:
10pt;"
>ASSET
S</spa
n>
<span <span style="font-size:10pt;"> </span> <span
style="font-size:10pt;"> </span>
style
="font
-size:
10pt;"
>Curre
nt
asset
s</spa
n>
<span <span style="font-size:10pt;">24 708</span> <span
style="font-size:10pt;">16 260</span>
style
="font
-size:
10pt;"
>Cash
and
cash
equiv
alents
</span
>
<span <span style="font-size:10pt;">412</span> <span
style="font-size:10pt;">243</span>
style
="font
-size:
10pt;"
>Prepa
yments
</span
>
<span <span style="font-size:10pt;">12 956</span> <span
style="font-size:10pt;">14 746</span>
style
="font
-size:
10pt;"
>Trade
and
other
recei
vables
</span
>
<span <span style="font-size:10pt;">20 852</span> <span
style="font-size:10pt;">24 598</span>
style
="font
-size:
10pt;"
>Inven
tories
</span
>
<span <span style="font-size:10pt;">58 928</span> <span
style="font-size:10pt;">55 847</span>
style
="font
-size:
10pt;"
>Total
curre
nt
asset
s</spa
n>
<span <span style="font-size:10pt;"> </span> <span
style="font-size:10pt;"> </span>
style
="font
-size:
10pt;"
>
</spa
n>
<span <span style="font-size:10pt;"> </span> <span
style="font-size:10pt;"> </span>
style
="font
-size:
10pt;"
>Non-c
urrent
asset
s</spa
n>
<span <span style="font-size:10pt;">0</span> <span
style="font-size:10pt;">1</span>
style
="font
-size:
10pt;"
>Long-
term
recei
vables
</span
>
<span <span style="font-size:10pt;">137</span> <span
style="font-size:10pt;">164</span>
style
="font
-size:
10pt;"
>Inves
tments
in
assoc
iates<
/span>
<span <span style="font-size:10pt;">501</span> <span
style="font-size:10pt;">492</span>
style
="font
-size:
10pt;"
>Avail
able-f
or-sal
e
inves
tments
</span
>
<span <span style="font-size:10pt;">203</span> <span
style="font-size:10pt;">231</span>
style
="font
-size:
10pt;"
>Defer
red
tax
asset
</span
>
<span <span style="font-size:10pt;">714</span> <span
style="font-size:10pt;">443</span>
style
="font
-size:
10pt;"
>Intan
gible
asset
s</spa
n>
<span <span style="font-size:10pt;">1 616</span> <span
style="font-size:10pt;">1 618</span>
style
="font
-size:
10pt;"
>Inves
tment
prope
rty</s
pan>
<span <span style="font-size:10pt;">18 846</span> <span
style="font-size:10pt;">17 041</span>
style
="font
-size:
10pt;"
>Prope
rty,
plant
and
equip
ment</
span>
<span <span style="font-size:10pt;">22 017</span> <span
style="font-size:10pt;">19 990</span>
style
="font
-size:
10pt;"
>Total
non-c
urrent
asset
s</spa
n>
<span <span style="font-size:10pt;">80 945</span> <span
style="font-size:10pt;">75 837</span>
style
="font
-size:
10pt;"
>TOTAL
ASSET
S</spa
n>
<span <span style="font-size:10pt;"> </span> <span
style="font-size:10pt;"> </span>
style
="font
-size:
10pt;"
>
</spa
n>
<span <span style="font-size:10pt;"> </span> <span
style="font-size:10pt;"> </span>
style
="font
-size:
10pt;"
>LIABI
LITIES
AND
EQUIT
Y</spa
n>
<span <span style="font-size:10pt;"> </span> <span
style="font-size:10pt;"> </span>
style
="font
-size:
10pt;"
>Curre
nt
liabi
lities
</span
>
<span <span style="font-size:10pt;">145</span> <span
style="font-size:10pt;">47</span>
style
="font
-size:
10pt;"
>Borro
wings<
/span>
<span <span style="font-size:10pt;">9 076</span> <span
style="font-size:10pt;">11 171</span>
style
="font
-size:
10pt;"
>Trade
and
other
payab
les</s
pan>
<span <span style="font-size:10pt;">1 304</span> <span
style="font-size:10pt;">1 008</span>
style
="font
-size:
10pt;"
>Tax
liabi
lities
</span
>
<span <span style="font-size:10pt;">10 525</span> <span
style="font-size:10pt;">12 226</span>
style
="font
-size:
10pt;"
>Total
curre
nt
liabi
lities
</span
>
<span <span style="font-size:10pt;"> </span> <span
style="font-size:10pt;"> </span>
style
="font
-size:
10pt;"
>
</spa
n>
<span <span style="font-size:10pt;"> </span> <span
style="font-size:10pt;"> </span>
style
="font
-size:
10pt;"
>Non-c
urrent
liabi
lities
</span
>
<span <span style="font-size:10pt;">2 251</span> <span
style="font-size:10pt;">2 162</span>
style
="font
-size:
10pt;"
>Defer
red
tax
liabi
lity</
span>
<span <span style="font-size:10pt;">2 251</span> <span
style="font-size:10pt;">2 162</span>
style
="font
-size:
10pt;"
>Total
non-c
urrent
liabi
lities
</span
>
<span <span style="font-size:10pt;">12 776</span> <span
style="font-size:10pt;">14 388</span>
style
="font
-size:
10pt;"
>Total
liabi
lities
</span
>
<span <span style="font-size:10pt;"> </span> <span
style="font-size:10pt;"> </span>
style
="font
-size:
10pt;"
>
</spa
n>
<span <span style="font-size:10pt;"> </span> <span
style="font-size:10pt;"> </span>
style
="font
-size:
10pt;"
>Equit
y</spa
n>
<span <span style="font-size:10pt;">15 760</span> <span
style="font-size:10pt;">15 760</span>
style
="font
-size:
10pt;"
>Share
capit
al</sp
an>
<span <span style="font-size:10pt;">13 822</span> <span
style="font-size:10pt;">13 822</span>
style
="font
-size:
10pt;"
>Share
premi
um</sp
an>
<span <span style="font-size:10pt;">-170</span> <span
style="font-size:10pt;">-20</span>
style
="font
-size:
10pt;"
>Treas
ury
share
s</spa
n>
<span <span style="font-size:10pt;">1 306</span> <span
style="font-size:10pt;">1 306</span>
style
="font
-size:
10pt;"
>Statu
tory
reser
ve
capit
al</sp
an>
<span <span style="font-size:10pt;">-786</span> <span
style="font-size:10pt;">15</span>
style
="font
-size:
10pt;"
>Unrea
lised
excha
nge
rate
diffe
rences
</span
>
<span <span style="font-size:10pt;">27 049</span> <span
style="font-size:10pt;">20 513</span>
style
="font
-size:
10pt;"
>Retai
ned
earni
ngs</s
pan>
<span <span style="font-size:10pt;">56 981</span> <span
style="font-size:10pt;">51 396</span>
style
="font
-size:
10pt;"
>Total
equit
y
attri
butabl
e to
equit
y
holde
rs of
the
Paren
t
compa
ny</sp
an>
<span <span style="font-size:10pt;">11 188</span> <span
style="font-size:10pt;">10 053</span>
style
="font
-size:
10pt;"
>Non-c
ontrol
ling
inter
est in
equit
y</spa
n>
<span <span style="font-size:10pt;">68 169</span> <span
style="font-size:10pt;">61 449</span>
style
="font
-size:
10pt;"
>Total
equit
y</spa
n>
<span <span style="font-size:10pt;">80 945</span> <span
style="font-size:10pt;">75 837</span>
style
="font
-size:
10pt;"
>TOTAL
EQUIT
Y AND
LIABI
LITIES
</span
>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Consolidated Income Statement</span></span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">Q3 2013</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Q3 2012</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">9m 2013</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">9m 2012</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">in
thous
ands
of
EUR</
span><
/span>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
------------------------------------------
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">29 865</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">32 406</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">98 812</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">97 907</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Reve
nue</s
pan></
span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">-18 068</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-22 347</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-63 632</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-62 409</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Cost
of
goods
sold<
/span>
</span
>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">11 797</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">10 059</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">35 180</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">35 498</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Gros
s
Profi
t</spa
n></sp
an>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">
</spa
n></sp
an>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">-3 739</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-2 982</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-12 124</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-9 929</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Dist
ributi
on
expen
ses</s
pan></
span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">-1 577</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-1 738</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-4 981</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-5 758</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Admi
nistra
tive
expen
ses</s
pan></
span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">62</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-63</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">496</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">496</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Othe
r
opera
ting
incom
e</spa
n></sp
an>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">-764</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-475</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-1 922</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-1 263</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Othe
r
opera
ting
expen
ses</s
pan></
span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">5 779</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">4 801</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">16 649</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">19 044</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Oper
ating
profi
t</spa
n></sp
an>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">
</spa
n></sp
an>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">272</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">920</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-323</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">454</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Curr
ency
excha
nge
incom
e/(exp
ense)<
/span>
</span
>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">313</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">108</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">721</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">420</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Othe
r
finan
ce
incom
e/(exp
enses)
</span
></spa
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">585</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">1 028</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">398</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">874</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Net
finan
cial
incom
e</spa
n></sp
an>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">
</spa
n></sp
an>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">1</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-113</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">9</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">9</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Prof
it
(loss
) from
assoc
iates
using
equit
y
metho
d</spa
n></sp
an>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">6 365</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">5 716</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">17 056</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">19 927</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Prof
it
befor
e tax
and
gain/
(loss)
on
net
monet
ary
posit
ion</s
pan></
span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">-1 249</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-2 902</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-3 904</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-6 110</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">
Income
tax
expen
se</sp
an></s
pan>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">5 116</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">2 814</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">13 152</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">13 817</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Prof
it
befor
e
gain/
(loss)
on
net
monet
ary
posit
ion</s
pan></
span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
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style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span> <span style="font-size:10pt;"><span
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<span <span style="font-size:10pt;"><span style="font-family:Arial,
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sans-serif;">767</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-1 405</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">738</span></span>
style
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<span <span style="font-size:10pt;"><span style="font-family:Arial,
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style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">3 581</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">11 747</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">14 555</span></span>
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<span <span style="font-size:10pt;"><span style="font-family:Arial,
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style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
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sans-serif;"> </span></span>
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<span <span style="font-size:10pt;"><span style="font-family:Arial,
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style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">2 824</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">10 709</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">12 485</span></span>
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<span <span style="font-size:10pt;"><span style="font-family:Arial,
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style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">757</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">1 038</span></span> <span
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<span <span style="font-size:10pt;"><span style="font-family:Arial,
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sans-serif;"> </span></span> <span style="font-size:10pt;"><span
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<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">0.08</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">0.07</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">0.27</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">0.32</span></span>
style
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10pt;"
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style
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ings
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ny,
both
basic
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dilut
ed
(EUR)
</span
></spa
n>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"><strong style="font-size: 11pt;">Business
environment</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Silvano Fashion Group with its brand portfolio is a recognized
market leader in the lingerie segment in Russia, Belarus, Ukraine, has
exceptionally strong foothold in other Russian-speaking countries (including
Kazakhstan and Moldova) and is a recognized player in the Baltic consumer
markets.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">In broader terms we can notice more positive thinking about the
world economy, which is supported by a highly liberal money market policies.
Nevertheless, there is a long way until the recovery of the real economy. The
quantitative easing has in the first hand been targeted to stimulate the
economy, and we feel that the retail sector has been among the winners with
increasing consumers purchasing volumes.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">We see the signs of recovery in the first hand in Europe, among
them the optimism in the Baltics of the (expected) improvement in the consumer
sentiment, but also signs of expansion plans of Central- and Eastern Europe
retail operators. For the Group it translated into growth in sales in Q3 2013
in Belarus, Ukraine and other markets, but unfortunately not in Russia where
breaking the downtrend is expected in early 2014. Looking at the Group’s
activities in the given economic environment we have noticed that even with
sluggish sales growth the opening of the franchise stores persists, that
respectively reduces the less predictable wholesale segment’s influence on the
top line sales numbers; we also have noticed that the growth continues and
concentrates into “new” markets where the previous economic slump has had a
softer effect.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Russia’s economy’s current problem is related to GDP growth rate
dropping below 2% According to deputy Economy Minister of Russia, the economy
expanded by 1.2% during Q3 2013. Notwithstanding the slowdown there, Silvano
continues to expand the franchise network that seems to be the panacea against
backdrops in orders in the less predictable wholesale segment. The net new
openings for the 3rd quarter have somewhat decreased, mainly due to relocation
of old stores into new locations. There are a total of 378 franchise stores in
Russia as of end of Q3, which, together with wholesales, generated 58 375
thousand EUR in sales for 9 months 2013 compared to 59 560 thousand EUR a year
ago.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Belarus consumption continues strongly. The preliminary GDP data
indicates a modest 1.1% y-o-y growth. The driver for growth in consumption is
related to the rise of average wages in the country (the data is available for
8 months) by 19.5% to 5.5 million roubles (approximately 440 euros a month).
The CPI growth is 11% from the beginning of the year (the CB targets 12%
inflation for 2013). Perhaps with moderate slow-down, the retail sector
continues to grow in the near future. There are a total of 52 stores operated
directly by the Group and 5 franchise stores. Belarus sales revenue reached 24
587 thousand EUR for 9 months of 2013 compared to 24 508 thousand EUR for the
same period a year ago.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">In Ukraine, the real economy has stalled and political attention
is set at foreign politics. Nevertheless, the Group’s results are good thanks
to the strength of our local franchise and wholesales partners. Nevertheless,
the consumption is built on thin ice, as there are no evident signs of the
recovery for the near future. There are 93 franchise stores in total in the
country as of end of Q3 2013. The sales revenue advanced to 7 141 thousand EUR
for 9 months of 2013 compared to 5 740 thousand EUR for the same period a year
ago.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">The Baltic markets retail sector shows strength, and we share this
view with the rest. One of the components fuelling this growth is increase of
wages in Q2 (especially in Estonia), hence stimulating the private consumption.
At the time of issuance of the report, no macro data was available. The Group
operates 9 own stores, complemented by 32 partner stores in the region. The
sales in the Baltic countries aggregated 2 015 thousand EUR for 9 months of
2013, compared to 2 530 EUR for the same period a year ago. The drop in sales
is related to the decrease in the re-export related wholesales (the Group has
streamlined its sales policy and arranges sales via country-based
representative offices).</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">The other markets, Kazakhstan and Moldova in the top, showed
continuously good dynamics during 9 months 2013. The sales into these two
countries reached 4 677 thousand EUR for the period compared to 3 692 thousand
EUR for the 9 months of 2012. The remaining “other” attributed to a wide scope
of countries both in the East and West (2 017 thousand EUR in 9 months of 2013
compared to 1 877 thousand EUR in 2012).</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">On the store openings, Q3 2013 net increase (including openings
and store closures primarily due to relocations) for Milavitsa stores were 10
units and 2 units under the Lauma Lingerie brand. The Group therefore operated
directly and via franchise a total of 648 stores (net increase of 66 stores
compared to end of 2012). Total geography of our franchise partners now covers
more than 20 countries, including Milavitsa and Lauma Lingerie branded stores.
</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Financial performance</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">The Group`s sales amounted to 98 812 thousand EUR during 9 months
of 2013, representing a 0.9% increase as compared to the same period of
previous year. Overall, wholesales increased by 0.17% and retail sales – by
5.04%.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">The Group’s reported gross profit margin during Q3 improved
year-on-year basis and stood at 39.5%, reported gross margin was 31.0% in the
respective period of previous year. For 9 months of 2013, the gross margin
aggregated 35.6%, compared to 36.3% a year ago. Consolidated operating profit
for Q3 2013 amounted to 5 779 thousand EUR, compared to 4 801 thousand EUR in
Q3 2012. For 9 months of 2013 the operating profit stood at 16 649 thousand EUR
compared to 19 044 thousand EUR a year ago. The main reason for the drop is
related to higher distribution expenses. The consolidated operating profit
margin was 16.8% for 9 months of 2013 (19.5% in 9 months of
2012).</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Consolidated net profit attributable to equity holders of the
Parent company for Q3 2013 amounted to 3 093 thousand EUR, compared to 2 824
thousand EUR in Q3 2012. The net profit attributable to equity holders of the
Parent company for 9 months of 2013 amounted to 10 709 thousand EUR, compared
to 12 485 thousand EUR a year ago; net profit margin attributable to equity
holders of the Parent company for 9 months of 2013 was 10.8% against 12.8% in 9
months of 2012.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Financial position</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">As of 30 September 2013 consolidated assets amounted to 80 945
thousand EUR representing an increase by 6.7% as compared to the position as of
31 December 2012.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Trade and other receivables decreased by 1 790 thousand EUR as
compared to 31 December 2012 and amounted to 12 956 thousand EUR as of 30
September 2013. Inventory balance decreased by 3 746 thousand EUR and amounted
to 20 852 thousand EUR as of 30 September 2013. Changes in trade debtors and
stock balance were in line with the seasonality trend of the
business.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Equity attributable to equity holders of the Parent company
increased by 5 585 thousand EUR and amounted to 56 981 thousand EUR as of 30
September 2013.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Current liabilities decreased by 1 701 thousand EUR during 9
months of 2013. Current and non-current loans and borrowings increased by 98
thousand EUR to 145 thousand EUR as of 30 September 2013.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Sales structure</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Sales by markets</span></span>
<span <span <span <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica, <span
<span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">9m 2013 <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">9m 2012
style style= style=
sans-serif;">Change</span></span> style
% from
sales</span></span>
% from sales</span></span>
="font "font- "font-
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-size:
10pt;" 0pt;"> 0pt;">
10pt;"
><span <span <span
><span
style style= style=
style
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of /span> /span>
an>
EUR</
span><
/span>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------
<span <span <span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-1 <span <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">59.1%</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">60.8%</span></span>
style style= style=
185</span></span> style
="font "font- "font-
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-size:
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><span <span <span
><span
style style= style=
style
="font "font- "font-
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-famil family family
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y:Aria :Arial :Arial
y:Aria
l, , ,
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an>
<span <span <span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">79</span></span> <span
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">24.9%</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">25.0%</span></span>
style style= style=
style
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><span <span <span
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style style= style=
style
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span> span> span>
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<span <span <span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">1 <span <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">7.2%</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">5.9%</span></span>
style style= style=
401</span></span> style
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><span <span <span
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style style= style=
style
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span> span> span>
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<span <span <span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-515</span></span> <span
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">2.0%</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">2.6%</span></span>
style style= style=
style
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><span <span <span
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style style= style=
style
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-famil family family
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y:Aria :Arial :Arial
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span> span> span>
an>
<span <span <span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">1 <span <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">6.8%</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">5.7%</span></span>
style style= style=
125</span></span> style
="font "font- "font-
="font
-size: size:1 size:1
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10pt;" 0pt;"> 0pt;">
10pt;"
><span <span <span
><span
style style= style=
style
="font "font- "font-
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-famil family family
-famil
y:Aria :Arial :Arial
y:Aria
l, , ,
l,
Helve Helvet Helvet
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tica, ica, ica,
tica,
sans- sans-s sans-s
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serif;
">Othe >6 >5
">
r 694</s 569</s
</spa
marke pan></ pan></
n></sp
ts</sp span> span>
an>
an></s
pan>
<span <span <span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">905</span></span> <span
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">100.0%</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">100.0%</span></span>
style style= style=
style
="font "font- "font-
="font
-size: size:1 size:1
-size:
10pt;" 0pt;"> 0pt;">
10pt;"
><span <span <span
><span
style style= style=
style
="font "font- "font-
="font
-famil family family
-famil
y:Aria :Arial :Arial
y:Aria
l, , ,
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">Tota >98 >97
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l</spa 812</s 907</s
</spa
n></sp pan></ pan></
n></sp
an> span> span>
an>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">The majority of lingerie sales revenue during 9 months of 2013 in
the amount of 58 375 thousand EUR was generated in Russia, accounting for 59.1%
of total sales. The second largest market was Belarus, where sales reached 24
587 thousand EUR, contributing 24.9% of lingerie sales (both retail </span>and
wholesale). Ukraine represented a sales of 7 141 thousand EUR, contributing
7.2% of lingerie sales of the Group.</span>
<span style="font-size:10pt;"><strong style="font-size: 11pt;">Sales by
business segments </span>
<span <span style="font-size:10pt;">9m <span
style="font-size:10pt;">9m <span <span
<span style="font-size:10pt;">9m 2013 <span
style="font-size:10pt;">9m 2012
style 2013</span>
2012</span> style="font-size:10pt;">Change</span> style
% from sales</span> % from sales</span>
="font
="font
-size:
-size:
10pt;"
10pt;"
>in
>
thous
</spa
ands
n>
of
EUR</
span>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
----------------------------------------------------------------------------
<span <span style="font-size:10pt;">81 900</span> <span
style="font-size:10pt;">81 759</span> <span style="font-size:10pt;">141</span>
<span <span style="font-size:10pt;">82.9%</span> <span
style="font-size:10pt;">83.5%</span>
style
style
="font
="font
-size:
-size:
10pt;"
10pt;"
>Whole
>
sale</
</spa
span>
n>
<span <span style="font-size:10pt;">16 614</span> <span
style="font-size:10pt;">15 817</span> <span style="font-size:10pt;">797</span>
<span <span style="font-size:10pt;">16.8%</span> <span
style="font-size:10pt;">16.2%</span>
style
style
="font
="font
-size:
-size:
10pt;"
10pt;"
>Retai
>
l</spa
</spa
n>
n>
<span <span style="font-size:10pt;">298</span> <span
style="font-size:10pt;">331</span> <span style="font-size:10pt;">-33</span>
<span <span style="font-size:10pt;">0.3%</span> <span
style="font-size:10pt;">0.3%</span>
style
style
="font
="font
-size:
-size:
10pt;"
10pt;"
>Other
>
opera
</spa
tions<
n>
/span>
<span <span style="font-size:10pt;">98 812</span> <span
style="font-size:10pt;">97 907</span> <span style="font-size:10pt;">905</span>
<span <span style="font-size:10pt;">100.0%</span> <span
style="font-size:10pt;">100.0%</span>
style
style
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-size:
10pt;"
10pt;"
>Total
>
</span
</spa
>
n>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">During 9 months of 2013 wholesale revenue amounted to 81 900
thousand EUR, representing 82.9% of the Group’s total revenue (9 months 2012:
83.5%). The main wholesale regions were Russia, Ukraine, Belarus, Kazakhstan
and Moldova.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Total lingerie retail sales of the Group in 9 months of 2013
amounted to 16 614 thousand EUR, representing 16.8% of the Group’s total
revenue (9 months 2012 16.2%).</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">As of 30 September 2013 there were altogether 648 Milavitsa and
Lauma branded shops. Own retail operations were conducted in Belarus and
Latvia. As of the end of 9 months of 2013 the Group operated 61 own retail
outlets. As of 30 September 2013, there were 553 Milavitsa branded shops
operated by Milavitsa trading partners in Russia, Ukraine, Moldova, Kazakhstan,
Uzbekistan, Kyrgyzstan, Latvia, Azerbaijan, Armenia, Germany, South Africa,
Lithuania, Estonia, Georgia, United Arab Emirates, Iran, Slovenia, Belgium and
Italy. Additionally, as of 30 September 2013, there were 34 Lauma Lingerie
retail outlets operated by Lauma Lingerie trading partners in Lithuania,
Latvia, Estonia, Belarus and Albania.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Investments</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">During 9 months 2013 the Group’s investments into property, plant
and equipment totalled 3 215 thousand EUR. Main investments were made into
equipment and facilities to improve logistic facilities and maintain effective
production for future periods.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Personnel</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">As of 30 September 2013, the Group employed 3 159 employees
including 365 in retail. The rest were employed in production, wholesale,
administration and support operations.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Total salaries and related taxes during 9 months 2013 amounted to
18 324 thousand EUR. The remuneration of key management of the Group, including
the key executives of the subsidiaries, totalled 507 thousand
EUR.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Decisions made by governing bodies during 9 months
2013</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">On 28 June 2013 Silvano Fashion Group held its regular Annual
General Meeting of Shareholders. The Meeting adopted following
decisions.</span></span>
<ul><li><span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">The Meeting approved the 2012 Annual
Report.</span></span></li><li><span style="font-family:Arial, Helvetica,
sans-serif;font-size:10pt;">The Meeting decided to distribute dividends in the
amount 0.10 EUR per share (record date 12.07.2013, paid out on
15.07.2013).</span></li><li><span style="font-family:Arial, Helvetica,
sans-serif;font-size:10pt;">The Meeting decided to reduce the share capital of
the Company by reducing the nominal value of the shares by 0.10 EUR per share
(record date 12.07.2013, to be paid out after the registration of the capital
reduction is completed) and amend the Articles of Association
accordingly.</span></li><li><span style="font-family:Arial, Helvetica,
sans-serif;font-size:10pt;">The Meeting decided to adopt a share buy-back
program in the following: effective period until 30.06.2014; maximum number of
shares to be acquired not more than 400,000; maximum share price 2.50 EUR per
share.</span></li><li><span style="font-family:Arial, Helvetica,
sans-serif;font-size:10pt;">The Meeting decided to recall Mr Pavel Daneyko from
the Supervisory Board due to the expiration of his term, and appointed Mr Mart
Mutso as the new Supervisory Board member.</span></li><li><span
style="font-family:Arial, Helvetica, sans-serif;font-size:10pt;">The Meeting
decided to re-appoint AS PricewaterhouseCoopers as the Group`s auditor for
financial year 2013.</span></li></ul><span style="font-family:Arial, Helvetica,
sans-serif;font-size:10pt;">In June, Silvano Fashion Group established a 100%
subsidiary in Latvia (SIA Linret) for holding purposes.</span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;"> </span></span>
Aleksei Kadõrko
CFO
Silvano Fashion Group
+372 6845 000
[email protected]