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
4341
Attachments
Submission date and time
28.02.2014 21:15:01
Content of announcement in Estonian
Title
2013. aasta IV kvartali ja 12 kuu konsolideeritud vahearuanne (auditeerimata)
Message
Tallinn, 2014-02-28 20:15 CET (GLOBE NEWSWIRE) --
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Valikulised finantsnäitajad</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Kontserni 2013. aasta 12 kuu (võrrelduna 2012. aasta 12 kuuga) ja
31.12.2013 (võrrelduna 31.12.2012) valikulised finantsnäitajad on
järgmised:</span></span>
<span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">12 kuud <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">12 kuud <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">Muutus
style
2013</span></span>
2012</span></span>
</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;">121 680</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">123 519</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-1,5%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Müüg
itulu<
/span>
</span
>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">19 235</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">22 130</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-13,1%</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;">11 866</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">16 093</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-26,3%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Arua
ndeper
ioodi
puhas
kasum<
/span>
</span
>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">10 945</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">14 151</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-22,7%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Puha
skasum
,
emaet
tevõtt
e
omani
ke
osa</
span><
/span>
<span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">0,28 <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">0,36 <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-23,1%
style
18 612</span></span>
4 907</span></span>
279,3%</span></span>
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Kasu
m
aktsi
a
kohta
(euro
des)
Äriteg
evuse
rahav
oog
perio
odil</
span><
/span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">31.12.2013</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;">76 629</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;">1,0%</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;">55 080</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;">-1,4%</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;">52 370</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;">1,9%</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;">79</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;">68,1%</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;">19 165</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;">17,9%</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 <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">12 kuud
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">12 kuud <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">Muutus <span
style="fon
2013</span></span>
2012</span></span>
</span></span> style
t-size:10pt
="font
;"><span
-size:
style="fon
10pt;"
t-family:Ar
><span
ial,
style
Helvetica,
="font
sans-serif
-famil
;">Rentaabl
y:Aria
usanalüüs,
l,
%</span></
Helve
span>
tica,
sans-
serif;
">
</spa
n></sp
an>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
-------------------
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">35,2</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">34,2</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">3,0%</span></span> <span
style="fon
style
t-size:10pt
="font
;"><span
-size:
style="fon
10pt;"
t-family:Ar
><span
ial,
style
Helvetica,
="font
sans-serif
-famil
;">Brutokas
y:Aria
um</span></
l,
span>
Helve
tica,
sans-
serif;
">
</spa
n></sp
an>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">15,8</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">17,9</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-11,7%</span></span> <span
style="fon
style
t-size:10pt
="font
;"><span
-size:
style="fon
10pt;"
t-family:Ar
><span
ial,
style
Helvetica,
="font
sans-serif
-famil
;">EBITDA</
y:Aria
span></span
l,
>
Helve
tica,
sans-
serif;
">
</spa
n></sp
an>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">9,8</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">13,0</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-25,0%</span></span> <span
style="fon
style
t-size:10pt
="font
;"><span
-size:
style="fon
10pt;"
t-family:Ar
><span
ial,
style
Helvetica,
="font
sans-serif
-famil
;">Puhaskas
y:Aria
um</span></
l,
span>
Helve
tica,
sans-
serif;
">
</spa
n></sp
an>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">9,0</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">11,5</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-21,8%</span></span> <span
style="fon
style
t-size:10pt
="font
;"><span
-size:
style="fon
10pt;"
t-family:Ar
><span
ial,
style
Helvetica,
="font
sans-serif
-famil
;">Puhaskas
y:Aria
um,
l,
emaettevõt
Helve
te omanike
tica,
osa</span>
sans-
</span>
serif;
">
</spa
n></sp
an>
-------
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">31.12.2013</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;">13,2</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">18,3</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-27,6%</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;">19,6</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">28,8</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-31,8%</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;">9,6</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">7,6</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">26,4%</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;">4,7</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">4,6</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">1,3%</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;">2,6</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">2,6</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-1,7%</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 style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Konsolideeritud finantsseisundi aruanne</span></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;">31.12.2013</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;">19 165</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;">196</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;">10 846</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;">24 873</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;">55 080</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;">124</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;">497</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;">460</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;">719</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;">1 592</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;">18 157</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;">21 549</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;">76 629</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
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;
">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;">79</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;">10 837</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;">905</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;">11 821</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;">1 953</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;">1 953</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;">13 774</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;">11 820</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;">-224</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;">-1 214</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;">26 860</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;">52 844</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;">10 011</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;">62 855</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;">76 629</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">75 837</span></span><span style="font-family:Arial, Helvetica,
sans-serif;font-size:10pt;"> </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;">Konsolideeritud kasumiaruanne</span></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;">IV kvartal <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">IV kvartal <span <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">12 kuud <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> 12 kuud <span
style
2013</span></span>
2012</span></span> style=
2013</span></span>
2012</span></span> style=
="font
"font-
"font-
-size:
size:1
size:1
10pt;"
0pt;">
0pt;">
><span
<span
<span
style
style=
style=
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y:Aria
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">tuha
>
>
ndetes
</span
</span
eurod
></spa
></spa
es</sp
n>
n>
an></s
pan>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">22 868</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">25 612</span></span> <span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">121 680</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">123 519</span></span> <span
style
style=
style=
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</span
n>
n>
>
<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;">-18 <span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-78 815</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-81 280</span></span> <span
style
183</span></span>
871</span></span> style=
style=
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><span
<span
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style
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style=
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ngu
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n>
kulu<
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>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">7 685</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">6 741</span></span> <span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">42 865</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">42 239</span></span> <span
style
style=
style=
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size:1
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0pt;">
><span
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style
style=
style=
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n>
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 <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=
style=
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><span
<span
<span
style
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n></sp
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an>
n>
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">-5 076</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-4 604</span></span> <span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-17 200</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-14 533</span></span> <span
style
style=
style=
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0pt;">
><span
<span
<span
style
style=
style=
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></spa
></spa
pan></
n>
n>
span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">-2 125</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-2 144</span></span> <span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-7 106</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-7 902</span></span> <span
style
style=
style=
="font
"font-
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-size:
size:1
size:1
10pt;"
0pt;">
0pt;">
><span
<span
<span
style
style=
style=
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>
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ulud</
></spa
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span><
n>
n>
/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;">1 060</span></span> <span <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">351</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">1 556</span></span> <span
style
style=
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lud</s
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n>
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span>
<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;">-575</span></span> <span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-2 194</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-1 838</span></span> <span
style
style=
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></spa
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n>
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span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">67</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">478</span></span> <span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">16 716</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">19 522</span></span> <span
style
style=
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/span>
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 <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;"> </span></span> <span
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an>
n>
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">48</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">21</span></span> <span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-275</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">475</span></span> <span
style
style=
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><span
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></spa
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valuu
n>
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takurs
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muutu
stest<
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</span
>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">420</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">165</span></span> <span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">1 141</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">585</span></span> <span
style
style=
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span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">468</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">186</span></span> <span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">866</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">1 060</span></span> <span
style
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,
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n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">-4</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">25</span></span> <span <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">5</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">34</span></span> <span
style
style=
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kapit
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aliosa
n>
n>
luse
meeto
dil
kajas
tatava
test
sidus
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tetest
</span
></spa
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">531</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">689</span></span> <span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">17 587</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">20 616</span></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,
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an>
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<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">10</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">428</span></span> <span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-3 894</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-5 682</span></span> <span
style
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/span>
n>
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">541</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">1 117</span></span> <span
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">13 693</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">14 934</span></span> <span
style
style=
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kasum
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it
n>
n>
/(kah
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rahal
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vahen
dite
netop
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oonist
</span
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n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
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an>
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n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">-422</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">421</span></span> <span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-1 827</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">1 159</span></span> <span
style
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n>
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</span
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n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">119</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">1 538</span></span> <span
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
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style="font-family:Arial, Helvetica, sans-serif;">16 093</span></span> <span
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kasum
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n>
<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,
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n>
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<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">236</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">1 666</span></span> <span
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">10 945</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">14 151</span></span> <span
style
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omani
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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;">-128</span></span> <span <span
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style="font-family:Arial, Helvetica, sans-serif;">1 942</span></span> <span
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lliva
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span><
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<span <span style="font-size:10pt;"><span style="font-family:Arial,
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an>
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<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">0,01</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">0,04</span></span> <span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">0,28</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">0,36</span></span> <span
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kohta
emaet
tevõtt
e
omani
ke
osast
kasum
is,
nii
tava
kui
lahus
tatud
(euro
des)</
span><
/span>
<strong style="font-family: Arial, Helvetica, sans-serif; font-size:
10pt;">Ärikeskkond
<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;">2013. aasta IV kvartalit iseloomustab Kontserni käibe langus
võrreldes eelmise aasta sama perioodiga. Müügid kahanesid nii hulgimüügi
segmendis kui ka võrreldavates müüginumbrites Kontserni opereeritavates
kauplustes ja frantsiisipoodides meie põhiturgudel. Kontserni IV kvartali
käive vähenes 2 744 tuhande euro võrra (-10,7%) võrreldes 2012. aasta IV
kvartaliga. Lisaks sellele nõrgenesid Kontserni peamiste müügiturgude valuutad,
eriti puudutab see vene rubla odavnemist valuutakorvi (-8,3%) ja euro (-2,5%)
suhtes IV kvartalis 2013. Alates 2013. aasta algusest on vene rubla odavnenud
ligemale -11,5% euro suhtes. Samal ajal ei ole meie tootmiskulud Valgevenes
(tööjõukulu, rent, kommunaalid, osaliselt materjalikulu) valgevene rublas
kahanenud.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">2013. aastal tervikuna vähenes kõige enam hulgimüük (100 259 tuhat
eurot 2013. aastal võrreldes 102 682 tuhande euroga eelnenud aastal). Jaemüügi,
sh. frantsiisikaupluste kogumüük aga kasvas 20 707 tuhande euroni võrreldes 20
167 tuhande euroga eelnenud aastal. Peamistest turgudest toimus tagasilangus
Venemaal (-3 812 tuhat eurot), Valgevenes (-700 tuhat eurot) ja Balti riikides
(-439 tuhat eurot), mida ei suutnud kompenseerida kasv Ukrainas (+2 157 tuhat
eurot) ja muudel turgudel (+955 tuhat eurot).</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Venemaal moodustab Maailmapanga hinnangul SKP kasv 2013. aastal
alla 2%. Üks majandusolukorda kirjeldavatest näitajatest Venemaal on
tarbijausalduse ja ärikindluse ootuste vähenemine seoses maailmamajanduse kehva
väljavaatega. Kontserni mõjutas see konkreetselt läbi ostujõu vähenemise (rubla
nõrkus) ning müükide vähenemisega. Koos hulgimüügi mahtudega moodustas
Kontserni käive Venemaal kokku 71 326 tuhat eurot võrreldes 75 138 tuhande
euroga eelnenud aastal. 2013. aasta lõpuks on Kontsernil Venemaal kokku 383
Milavitsa kaubamärgi all tegutsevat kauplust.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Valgevene majanduskasvu pidurdab Venemaa kui peamise eksportturu
jahtumine. Eeskätt tingituna kiirest sissetulekute kasvust 2013. aasta esimeses
pooles oli üldine tarbimismaht stabiilne. Alates teisest poolaastast
kogutarbimine enam ei kasvanud ning näiteks Kontserni 2013. a IV kvartali
müügid võrreldes eelnenud aasta sama perioodiga vähenesid. Valgevene majanduse
edasist arengut mõjutab eksporditurgude taastumine, sealhulgas, kui
konkurentsivõimeliseks osutub Valgevene kui Venemaa tootmisettevõtete
allhankeriik. Kontsernile kuulub Valgevenes kokku 53 kauplust, lisaks tegutseb
5 frantsiisikauplust. Valgevene müügikäive ulatus 2013. aasta 12 kuuga 30 794
tuhande euroni võrreldes 31 494 tuhande euroga eelnenud aastal.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Ukraina oli Kontserni säravaimaks täheks eelmise aasta esimeses
pooles. Müügikäive Ukrainas kasvas 2013. aasta 12 kuuga 8 514 tuhande euroni
võrreldes 6 357 tuhande euroga eelnenud aastal. Ennekõike mõjutas läbimüügi
kasvu kohalike frantsiisipartnerite ja hulgimüüjate edukus. Poliitiline
ebastabiilsus ning nõrk majandusolukord, samuti võimalik ukraina grivna nõrkus
(rahvusvaluuta püsis stabiilsena 2013. aastal, kuid on faktiliselt aruande
esitamise hetkeks devalveerunud ligemale 25% võrra) raskendavad 2014. aasta
prognooside kujundamist. 2013. aasta lõpuks on Kontsernil Ukrainas kokku 101
frantsiisikauplust.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Balti riikides opereerib Kontsern peamiselt oma kaupluste ja
frantsiisipartnerite vahendusel. Kontsern opereerib 9 oma kauplusega, millele
lisanduvad 34 frantsiisikauplust regioonis. Kontserni müük Balti riikides
tervikuna moodustas 2013. aasta 12 kuuga kokku 2 733 tuhat eurot võrreldes 3
172 tuhande euroga eelnenud aastal.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Nagu viidatud varasemates aruannetes, on Kontserni müügikäive
muudel turgudel, sealhulgas Kasahstanis, 2013. aasta 12 kuuga kokku 8 313 tuhat
eurot võrreldes 7 358 tuhande euroga eelnenud aastal. Kontsern püüab nendel
turgudel müüki kasvatada ka 2014. aastal.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Kaupluste avamise osas 2013. a. IV kvartalis moodustas avamiste
netoarv (sisaldab kaupluste avamist kui ka kaupluste sulgemist, peaasjalikult
seoses ümberpaiknemistega) Milavitsa brändi all kokku 29 kauplust ning Lauma
Lingerie brändi all kokku 2 kauplust. Kontsern opereerib nii ise kui ka
frantsiisipartnerite vahendusel kokku 679 kauplust (neto juurdekasv 95 kauplust
võrreldes 2012 aasta lõpuga). Milavitsa ja Lauma Lingerie frantsiisipartnerite
võrgustikust tulenev Kontserni müügigeograafia katab juba enam kui 20
riiki.</span></span>
<strong style="font-family: Arial, Helvetica, sans-serif; font-size:
10pt;">Majandustulemused
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Kontserni 2013. aasta 12 kuu käive moodustas 121 680 tuhat eurot,
vähenedes eelmise aasta sama perioodiga võrreldes 1,5%. Hulgimüügi kogukäive
vähenes 2,5% võrra ja jaemüügi käive kasvas 2,7% võrra.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Kontserni brutorentaablus 2013. aasta IV kvartalis paranes,
moodustades 33,61%, eelmise aasta sama perioodi vastav näitaja oli 26,32%.
2013. aasta 12 kuu brutorentaablus ulatus 35,23%-ni võrreldes 34,2%-ga eelmise
aasta samal perioodil. 2013. aasta IV kvartali konsolideeritud ärikasum ulatus
67 tuhande euroni võrreldes 2012. aasta IV kvartali konsolideeritud ärikasumiga
summas 478 tuhat eurot. 2013. aasta 12 kuu konsolideeritud ärikasum oli 16 716
tuhat eurot võrreldes 19 522 tuhande euroga eelmise aasta samal perioodil.
Peamiseks languse põhjuseks on kõrgemad müügi- ja jaotuskulud. 12 kuu 2013
konsolideeritud ärikasumi rentaablus oli 13,7% (2012. a 12 kuud:
15,8%).</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Emaettevõtte omanike osa 2013. aasta IV kvartali konsolideeritud
puhaskasumist ulatus 236 tuhande euroni, 2012. aasta IV kvartali vastav näitaja
oli 1 666 tuhat eurot. Emaettevõtte omanike osa 2013. aasta 12 kuu
konsolideeritud puhaskasumist ulatus 10 945 tuhande euroni, 2012. aasta 12 kuu
vastav näitaja oli 14 151 tuhat eurot; 12 kuu 2013 emaettevõtte omanike osa
puhasrentaablusest oli 9% (2012. aasta 12 kuud: 11,5%).</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 31. detsember 2013 ulatus konsolideeritud varade maht 76
629 tuhande euroni, seega võrreldes 31. detsemberiga 2012 moodustas kasv
1%.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Võrreldes 31. detsembriga 2012 kahanesid nõuded ostjate vastu 3
900 tuhande euro võrra ja moodustasid 2013. aasta 31. detsembri seisuga 10 846
tuhat eurot. Varude saldo suurenes 275 tuhande euro võrra moodustades 2013.
aasta 31. detsembri seisuga 24 873 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 974 tuhande euro
võrra ulatudes 2013. aasta 31. detsembri seisuga 52 370 tuhande
euroni.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Lühiajalised kohustused vähenesid 2013. aasta 12 kuuga 405 tuhande
euro võrra. Lühi- ja pikaajalised laenukohustused suurenesid 32 tuhande euro
võrra ulatudes 2013. aasta 31. detsembri seisuga 79 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 <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">12 kuud <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">12 kuud <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">Muutus</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">12 kuud 2013 <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">12 kuud 2012
style
2013</span></span>
2012</span></span>
% käibest</span></span>
% käibest</span></span>
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">tuha
ndetes
eurod
es</sp
an></s
pan>
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<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">71 326</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">75 138</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-3 812</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">58,6%</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">60,8%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Vene
maa</s
pan></
span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">30 794</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">31 494</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-700</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">25,3%</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">25,5%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Valg
evene<
/span>
</span
>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">8 514</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">6 357</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">2 157</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">7,0%</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">5,1%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Ukra
ina</s
pan></
span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">2 733</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">3 172</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-439</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">2,2%</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">2,6%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Balt
i
riigi
d</spa
n></sp
an>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">8 313</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">7 358</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">955</span></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;">6,0%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Muud
turud
</span
></spa
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">121 680</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">123 <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">-1 839</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
519</span></span>
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Kokk
u</spa
n></sp
an>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Enamus 2013. aasta 12 kuu müügist on seotud Venemaaga, s.o 71 326
tuhat eurot, mis moodustas 58,6% kogukäibest. Müügimahult järgmine piirkond oli
Valgevene, kus käive ulatus 30 794 tuhande euroni, mis moodustas 25,3%
kogukäibest (nii jae- kui ka hulgimüük kokku). Ukraina müük ulatus 8 514
tuhande euroni, moodustades 7,0% kogumüügist.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Müük ärisegmentide lõikes</span></span>
<span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">12 kuud <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">12 kuud <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">Muutus</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">12 kuud 2013 <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">12 kuud 2012
style
2013</span></span>
2012</span></span>
% käibest</span></span>
% käibest</span></span>
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">tuha
ndetes
eurod
es</sp
an></s
pan>
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-------------------------------------------------------------------
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">100 259</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">102 <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">-2 603</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">82,4%</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">83,3%</span></span>
style
862</span></span>
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Hulg
imüük<
/span>
</span
>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">20 707</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">20 167</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">540</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">17,0%</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">16,3%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Jaem
üük</s
pan></
span>
<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;">490</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">224</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">0,6%</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">0,4%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Muud
tegev
usvald
konnad
</span
></spa
n>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">121 680</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">123 <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">-1 839</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
519</span></span>
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Kokk
u</spa
n></sp
an>
<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;">2013. aasta 12 kuu hulgimüügi tulu ulatus 100 259 tuhande euroni,
mis moodustas 82,4% kontserni müügitulust (2012. aasta 12 kuud: 83,3%).
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 12 kuu naistepesu jaemüügikäive moodustas
kokku 20 707 tuhat eurot, mis moodustas 17% müügitulust (2012. aasta 12 kuud:
16,3%).</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">31. detsembri 2013.a seisuga tegutses Milavitsa ja Lauma Lingerie
kaubamärkide all kokku 679 kauplust. Kontserni oma jaemüügiketid tegutsesid
Valgevenes ja Lätis. 2013. aasta 12 kuu lõpu seisuga opereeris kontsern 62
kauplusega. 2013. aasta 31. detsembri seisuga tegutses Milavitsa tootemargi all
581 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 31. detsembri seisuga ka 36 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;">Kontsernile kuuluvate ja frantsiisikaupluste
paiknemine</span></span>
<span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
<span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica,
style
sans-serif;">Kontsern</span></span>
sans-serif;">Frantsiis</span></span>
sans-serif;">Kokku</span></span>
="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;">0</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">384</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">384</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Vene
maa</s
pan></
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;">101</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">101</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Ukra
ina</s
pan></
span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">53</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">5</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">58</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Valg
evene<
/span>
</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;">34</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">43</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Balt
i
riigi
d</spa
n></sp
an>
<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;">29</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">29</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Kasa
hstan<
/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;">26</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">26</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Mold
ova</s
pan></
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;">38</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">38</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Muud
riigi
d</spa
n></sp
an>
<span style="font-size:10pt;">Investeeringud</span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Kontserni 2013. aasta 12 kuu investeeringute kogumaht
materiaalsesse põhivarasse moodustas 3 664 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 31. septembri seisuga oli kontsernil 3 165 töötajat,
neist 412 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 12 kuu palgakulu koos maksudega oli 24 923
tuhat eurot. Kontserni juhtkonna võtmeisikute töötasud, sealhulgas
tütarettevõtete võtmeisikute tasud, moodustasid kokku 647 tuhat
eurot.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Kontserni juhtorganite otsused 2013. aasta 12 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>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Koosolek kinnitas 2012. majandusaasta aruande.</span></span>
<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>
<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>
<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>
<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>
<span style="font-family:Arial, Helvetica, sans-serif;font-size:10pt;">Koosolek
kinnitas ka 2013. majandusaasta audiitoriks AS-i PricewaterhouseCoopers.</span>
<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. 2013.
aasta detsembris võõrandas Kontsern 100% osaluse osaühingus Linret EST
(Eesti).</span></span>
Aleksei Kadõrko
Finantsdirektor
Tel: 6845 000
e-post: [email protected]
Content of announcement in English
Title
Consolidated interim report for Q4 and 12 months of 2013 (unaudited)
Message
Tallinn, 2014-02-28 20:15 CET (GLOBE NEWSWIRE) --
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Selected Financial Indicators</span></span>
<span style="font-family:Arial, Helvetica,
sans-serif;font-size:10pt;">Summarized selected financial indicators of the
Group for 12 months 2013 compared to 12 months 2012 and 31.12.2013 compared to
31.12.2012 were as follows:</span>
<span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">12m <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">12m
<span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">Change </span></span>
style
2013</span></span>
2012</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;">121 680</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">123 519</span></span>
<span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-1.5%</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;">19 235</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">22 130</span></span>
<span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-13.1%</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;">11 866</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">16 093</span></span>
<span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-26.3%</span></span>
style
="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;">10 945</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">14 151</span></span>
<span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-22.7%</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 <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">0.28</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">0.36</span></span>
<span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-23.1%</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;">18 612</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">4 907</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">279.3%</span></span><span
style="font-family:Arial, Helvetica, sans-serif;font-size:10pt;"> </span>
style
="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 <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">31.12.2013</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;">76 629</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;">1.0%</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;">55 080</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;">-1.4%</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;">52 370</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;">1.9%</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;">79</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;">68.1%</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;">19 165</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;">17.9%</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 <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">12m <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">12m <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;">35.2</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">34.2</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">3.0%</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;">15.8</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">17.9</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-11.7%</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;">9.8</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">13.0</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-25.0%</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;">9.0</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">11.5</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">-21.8%</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 <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">31.12.2013</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;">13.2</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">18.3</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-27.6%</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;">19.7</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">28.8</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-31.8%</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;">9.6</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">7.6</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">26.4%</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;">4.7</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">4.6</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">1.3%</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;">2.6</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">2.6</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-1.7%</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;">31.12.2013</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;">19 165</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;">196</span> <span
style="font-size:10pt;">243</span>
style
="font
-size:
10pt;"
>Prepa
yments
</span
>
<span <span style="font-size:10pt;">10 846</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;">24 873</span> <span
style="font-size:10pt;">24 598</span>
style
="font
-size:
10pt;"
>Inven
tories
</span
>
<span <span style="font-size:10pt;">55 080</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;">124</span> <span
style="font-size:10pt;">164</span>
style
="font
-size:
10pt;"
>Inves
tments
in
assoc
iates<
/span>
<span <span style="font-size:10pt;">497</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;">460</span> <span
style="font-size:10pt;">231</span>
style
="font
-size:
10pt;"
>Defer
red
tax
asset
</span
>
<span <span style="font-size:10pt;">719</span> <span
style="font-size:10pt;">443</span>
style
="font
-size:
10pt;"
>Intan
gible
asset
s</spa
n>
<span <span style="font-size:10pt;">1 592</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;">18 157</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;">21 549</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;">76 629</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;">79</span> <span
style="font-size:10pt;">47</span>
style
="font
-size:
10pt;"
>Borro
wings<
/span>
<span <span style="font-size:10pt;">10 837</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;">905</span> <span
style="font-size:10pt;">1 008</span>
style
="font
-size:
10pt;"
>Tax
liabi
lities
</span
>
<span <span style="font-size:10pt;">11 821</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;">1 953</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;">1 953</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;">13 774</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;">11 820</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;">-224</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;">-1 214</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;">26 860</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;">52 844</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;">10 011</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;">62 855</span> <span
style="font-size:10pt;">61 449</span>
style
="font
-size:
10pt;"
>Total
equit
y</spa
n>
<span <span style="font-size:10pt;">76 629</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;">Consolidated Income Statement</span>
<span <span style="font-size:10pt;">Q4 2013</span> <span
style="font-size:10pt;">Q4 2012</span> <span <span
style="font-size:10pt;">12m <span style="font-size:10pt;">12m
style
style= 2013</span>
2012</span>
="font
"font-
-size:
size:1
10pt;"
0pt;">
>in
</span
thous
>
ands
of
EUR</
span>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------
<span <span style="font-size:10pt;">22 868</span> <span
style="font-size:10pt;">25 612</span> <span <span
style="font-size:10pt;">121 680</span> <span style="font-size:10pt;">123
519</span>
style
style
="font
="font
-size:
-size:
10pt;"
10pt;"
>Reven
>
ue</sp
</spa
an>
n>
<span <span style="font-size:10pt;">-15 183</span> <span
style="font-size:10pt;">-18 871</span> <span <span
style="font-size:10pt;">-78 815</span> <span style="font-size:10pt;">-81
280</span>
style
style
="font
="font
-size:
-size:
10pt;"
10pt;"
>Cost
>
of
</spa
goods
n>
sold<
/span>
<span <span style="font-size:10pt;">7 685</span> <span
style="font-size:10pt;">6 741</span> <span <span style="font-size:10pt;">42
865</span> <span style="font-size:10pt;">42 239</span>
style
style
="font
="font
-size:
-size:
10pt;"
10pt;"
>Gross
>
Profi
</spa
t</spa
n>
n>
<span <span style="font-size:10pt;"> </span> <span
style="font-size:10pt;"> </span> <span <span style="font-size:10pt;">
</span> <span style="font-size:10pt;"> </span>
style
style
="font
="font
-size:
-size:
10pt;"
10pt;"
>
>
</spa
</spa
n>
n>
<span <span style="font-size:10pt;">-5 076</span> <span
style="font-size:10pt;">-4 604</span> <span <span
style="font-size:10pt;">-17 200</span> <span style="font-size:10pt;">-14
533</span>
style
style
="font
="font
-size:
-size:
10pt;"
10pt;"
>Distr
>
ibutio
</spa
n
n>
expen
ses</s
pan>
<span <span style="font-size:10pt;">-2 125</span> <span
style="font-size:10pt;">-2 144</span> <span <span
style="font-size:10pt;">-7 106</span> <span style="font-size:10pt;">-7
902</span>
style
style
="font
="font
-size:
-size:
10pt;"
10pt;"
>Admin
>
istrat
</spa
ive
n>
expen
ses</s
pan>
<span <span style="font-size:10pt;">-145</span> <span
style="font-size:10pt;">1 060</span> <span <span
style="font-size:10pt;">351</span> <span style="font-size:10pt;">1
556</span>
style
style
="font
="font
-size:
-size:
10pt;"
10pt;"
>Other
>
opera
</spa
ting
n>
incom
e</spa
n>
<span <span style="font-size:10pt;">-272</span> <span
style="font-size:10pt;">-575</span> <span <span style="font-size:10pt;">-2
194</span> <span style="font-size:10pt;">-1 838</span>
style
style
="font
="font
-size:
-size:
10pt;"
10pt;"
>Other
>
opera
</spa
ting
n>
expen
ses</s
pan>
<span <span style="font-size:10pt;">67</span> <span
style="font-size:10pt;">478</span> <span <span style="font-size:10pt;">16
716</span> <span style="font-size:10pt;">19 522</span>
style
style
="font
="font
-size:
-size:
10pt;"
10pt;"
>Opera
>
ting
</spa
profi
n>
t</spa
n>
<span <span style="font-size:10pt;"> </span> <span
style="font-size:10pt;"> </span> <span <span style="font-size:10pt;">
</span> <span style="font-size:10pt;"> </span>
style
style
="font
="font
-size:
-size:
10pt;"
10pt;"
>
>
</spa
</spa
n>
n>
<span <span style="font-size:10pt;">48</span> <span
style="font-size:10pt;">21</span> <span <span
style="font-size:10pt;">-275</span> <span
style="font-size:10pt;">475</span>
style
style
="font
="font
-size:
-size:
10pt;"
10pt;"
>Curre
>
ncy
</spa
excha
n>
nge
incom
e/(exp
ense)<
/span>
<span <span style="font-size:10pt;">420</span> <span
style="font-size:10pt;">165</span> <span <span style="font-size:10pt;">1
141</span> <span style="font-size:10pt;">585</span>
style
style
="font
="font
-size:
-size:
10pt;"
10pt;"
>Other
>
finan
</spa
ce
n>
incom
e/(exp
enses)
</span
>
<span <span style="font-size:10pt;">468</span> <span
style="font-size:10pt;">186</span> <span <span
style="font-size:10pt;">866</span> <span style="font-size:10pt;">1
060</span>
style
style
="font
="font
-size:
-size:
10pt;"
10pt;"
>Net
>
finan
</spa
cial
n>
incom
e</spa
n>
<span <span style="font-size:10pt;"> </span> <span
style="font-size:10pt;"> </span> <span <span style="font-size:10pt;">
</span> <span style="font-size:10pt;"> </span>
style
style
="font
="font
-size:
-size:
10pt;"
10pt;"
>
>
</spa
</spa
n>
n>
<span <span style="font-size:10pt;">-4</span> <span
style="font-size:10pt;">25</span> <span <span
style="font-size:10pt;">5</span> <span style="font-size:10pt;">34</span>
style
style
="font
="font
-size:
-size:
10pt;"
10pt;"
>Profi
>
t
</spa
(loss
n>
) from
assoc
iates
using
equit
y
metho
d</spa
n>
<span <span style="font-size:10pt;">531</span> <span
style="font-size:10pt;">689</span> <span <span style="font-size:10pt;">17
587</span> <span style="font-size:10pt;">20 616</span>
style
style
="font
="font
-size:
-size:
10pt;"
10pt;"
>Profi
>
t
</spa
befor
n>
e tax
and
gain/
(loss)
on
net
monet
ary
posit
ion</s
pan>
<span <span style="font-size:10pt;"> </span> <span
style="font-size:10pt;"> </span> <span <span style="font-size:10pt;">
</span> <span style="font-size:10pt;"> </span>
style
style
="font
="font
-size:
-size:
10pt;"
10pt;"
>
>
</spa
</spa
n>
n>
<span <span style="font-size:10pt;">10</span> <span
style="font-size:10pt;">428</span> <span <span style="font-size:10pt;">-3
894</span> <span style="font-size:10pt;">-5 682</span>
style
style
="font
="font
-size:
-size:
10pt;"
10pt;"
>Incom
>
e tax
</spa
expen
n>
se</sp
an>
<span <span style="font-size:10pt;">541</span> <span
style="font-size:10pt;">1 117</span> <span <span style="font-size:10pt;">13
693</span> <span style="font-size:10pt;">14 934</span>
style
style
="font
="font
-size:
-size:
10pt;"
10pt;"
>Profi
>
t
</spa
befor
n>
e
gain/
(loss)
on
net
monet
ary
posit
ion</s
pan>
<span <span style="font-size:10pt;"> </span> <span
style="font-size:10pt;"> </span> <span <span style="font-size:10pt;">
</span> <span style="font-size:10pt;"> </span>
style
style
="font
="font
-size:
-size:
10pt;"
10pt;"
>
>
</spa
</spa
n>
n>
<span <span style="font-size:10pt;">-422</span> <span
style="font-size:10pt;">421</span> <span <span style="font-size:10pt;">-1
827</span> <span style="font-size:10pt;">1 159</span>
style
style
="font
="font
-size:
-size:
10pt;"
10pt;"
>Gain
>
on
</spa
net
n>
monet
ary
posit
ion</s
pan>
<span <span style="font-size:10pt;">119</span> <span
style="font-size:10pt;">1 538</span> <span <span style="font-size:10pt;">11
866</span> <span style="font-size:10pt;">16 093</span>
style
style
="font
="font
-size:
-size:
10pt;"
10pt;"
>Profi
>
t for
</spa
the
n>
perio
d</spa
n>
<span <span style="font-size:10pt;"> </span> <span
style="font-size:10pt;"> </span> <span <span style="font-size:10pt;">
</span> <span style="font-size:10pt;"> </span>
style
style
="font
="font
-size:
-size:
10pt;"
10pt;"
>Attri
>
butabl
</spa
e to
n>
:</sp
an>
<span <span style="font-size:10pt;">236</span> <span
style="font-size:10pt;">1 666</span> <span <span style="font-size:10pt;">10
945</span> <span style="font-size:10pt;">14 151</span>
style
style
="font
="font
-size:
-size:
10pt;"
10pt;"
>
>
Equit
</spa
y
n>
holde
rs of
the
Paren
t
compa
ny</sp
an>
<span <span style="font-size:10pt;">-117</span> <span
style="font-size:10pt;">-128</span> <span <span
style="font-size:10pt;">921</span> <span style="font-size:10pt;">1
942</span>
style
style
="font
="font
-size:
-size:
10pt;"
10pt;"
>
>
Non-c
</spa
ontrol
n>
ling
inter
est</s
pan>
<span <span style="font-size:10pt;"> </span> <span
style="font-size:10pt;"> </span> <span <span style="font-size:10pt;">
</span> <span style="font-size:10pt;"> </span>
style
style
="font
="font
-size:
-size:
10pt;"
10pt;"
>
>
</spa
</spa
n>
n>
<span <span style="font-size:10pt;">0.01</span> <span
style="font-size:10pt;">0.04</span> <span <span
style="font-size:10pt;">0.28</span> <span
style="font-size:10pt;">0.36</span>
style
style
="font
="font
-size:
-size:
10pt;"
10pt;"
>Earni
>
ngs
</spa
per
n>
share
from
profi
t
attri
butabl
e to
equit
y
holde
rs of
the
Paren
t
compa
ny,
both
basic
and
dilut
ed
(EUR)
</span
>
<span style="font-size:10pt;"> <strong style="font-size: 11pt;">Business
environment</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;">The 4th quarter of 2013 is characterized by the drop in sales of
Silvano Fashion Group compared to the respective period a year ago. The sales
volumes decreased in both wholesale segment as well as in the retail segment in
our own stores and partner stores in our main markets. The turnover for Q4 2013
decreased by 2 744 thousand euros (-10.7%) compared to the Q4 in 2012. In
addition to this, the currencies of the main markets of the Silvano Fashion
Group became weaker, especially the Russia Rouble weakening against the
currency basket (-8.3%) and against Euro (-2.5%) in Q4, 2013. From the
beginning of 2013, Russia Rouble has depreciated by nearly 11.5% against Euro.
At the same time, our production costs in Belarus (labour, rent, utilities,
partially materials) have not reduced in Belarus Roubles.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">In general, during 2013 the biggest drop in sales affected
wholesale segment (100 259 thousand Euros vs. 102 682 thousand Euros in 2012).
Sales in the retail segment, including franchise stores, rose to 20 707
thousand Euros compared to 20 167 thousand to the previous year. From the main
consumer markets, the main backdrop we experienced in Russia (-3 812 thousand
Euros), in Belarus (-700 thousand Euros) and in the Baltic states (-439
thousand Euros). This backdrop was unfortunately not offset by the growth in
Ukraine (+2 157 thousand Euros) and in other markets (+955 thousand
Euros).</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">According to the World Bank data, the economic growth (measured in
GDP) in 2013 constitutes less than 2%. One of the factors describing the
economic situation in Russia is the deterioration in consumer sentiment and
business confidence, explained by the gloomy outlook of the global economy.
Silvano Fashion Group was directly affected by the reduced purchasing power
(weaker Russia’s Rouble) and reduced sales. Together with the wholesales
segment, Russia generated annual sales of 71 326 thousand EUR, down from 75 138
thousand EUR a year ago. As of end of 2013, there are 383 Milavitsa stores in
Russia.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Belarus economic growth is stalling because of cooling economic
climate of its main export market – Russia. Primarily due to rapid income
growth in the first half of the year, the consumption held firm. Starting from
the second half of the year, the overall consumption delayed; for instance, the
Group’s sales in Belarus in Q4 2013 decreased compared to previous year. Much
of the near future of the market has to do with the recovery in the export
markets, as well as with the competitiveness of Belarus as a sourcing country
for Russian manufacturers. There are a total of 53 stores operated directly by
the Group and 5 franchise stores. The Group’s sales revenue in Belarus reached
30 794 thousand EUR for 12 months of 2013 compared to 31 494 thousand EUR for
the same period a year ago.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Ukraine was our stellar star for the first half of the year. The
sales revenue advanced to 8 514 thousand EUR for 12 months of 2013 compared to
6 357 thousand EUR for the same period a year ago. Strength of our local
franchise and wholesales partners were the driving factor for our sales. Given
the political abrupt and sluggish economy, and probable weakness of Ukrainian
Hryvnia (the currency managed to hold stable during 2013, but has de facto
devalued by nearly 25% by the issuance of the report), 2014 sales are hard to
predict. There are 101 franchise stores in total in the country as of end of
2013.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">In the Baltics, the Group primarily operates via own stores and
franchise partners. The Group operates 9 own stores, complemented by 34 partner
stores in the region. The sales in the Baltic countries aggregated 2 733
thousand EUR for 12 months of 2013, compared to 3 172 EUR for the same period a
year ago.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">As referred to in our earlier quarterly reports, the other
markets, with Kazakhstan in the lead, aggregated 8 313 thousand EUR in sales
for 2013, compared to 7 358 thousand EUR a year before. The Group is making
efforts to increase sales in other markets in 2014, as well.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">On the store openings, Q4 2013 net increase (including openings
and store closures primarily due to relocations) for Milavitsa stores were 29
units and 2 units under the Lauma Lingerie brand. The Group therefore operated
directly and via franchise a total of 679 stores (net increase of 95 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>
<strong style="font-family: arial, helvetica, sans-serif; font-size:
10pt;">Financial performance
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">The Group`s sales amounted to 121 680 thousand EUR during 12
months of 2013, representing a 1.5% decrease as compared to the same period of
previous year. Overall, wholesales decreased by 2.5% and retail sales increased
– by 2.7%.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">The Group’s reported gross profit margin during Q4 improved
year-on-year basis and stood at 33.61%, reported gross margin was 26.32% in the
respective period of previous year. For 12 months of 2013, the gross margin
aggregated 35.23%, compared to 34.2% a year ago. Consolidated operating profit
for Q4 2013 amounted to 67 thousand EUR, compared to 478 thousand EUR in Q4
2012. For 12 months of 2013 the operating profit stood at 16 716 thousand EUR
compared to 19 522 thousand EUR a year ago. The main reason for the drop is
related to higher distribution expenses. The consolidated operating profit
margin was 13.7% for 12 months of 2013 (15.8% in 12 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 Q4 2013 amounted to 236 thousand EUR, compared to 1 666
thousand EUR in Q4 2012. The net profit attributable to equity holders of the
Parent company for 12 months of 2013 amounted to 10 945 thousand EUR, compared
to 14 151 thousand EUR a year ago; net profit margin attributable to equity
holders of the Parent company for 12 months of 2013 was 9.0% against 11.5% in
12 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 31 December 2013 consolidated assets amounted to 76 629
thousand EUR representing an increase by 1.0% 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 3 900 thousand EUR as
compared to 31 December 2012 and amounted to 10 846 thousand EUR as of 31
December 2013. Inventory balance increased by 275 thousand EUR and amounted to
24 873 thousand EUR as of 31 December 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 974 thousand EUR and amounted to 52 370 thousand EUR as of 31
December 2013.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Current liabilities decreased by 405 thousand EUR during 12 months
of 2013. Current and non-current loans and borrowings increased by 32 thousand
EUR to 79 thousand EUR as of 31 December 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 style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">12m <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">12m <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">Change</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">12m 2013 <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">12m 2012
style
2013</span></span>
2012</span></span>
% from sales</span></span>
% from sales</span></span>
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">in
thous
ands
of
EUR</
span><
/span>
--------------------------------------------------------------------------------
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<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">71 326</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">75 138</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-3 812</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">58.6%</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">60.8%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Russ
ia</sp
an></s
pan>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">30 794</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">31 494</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-700</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">25.3%</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">25.5%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Bela
rus</s
pan></
span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">8 514</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">6 357</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">2 157</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">7.0%</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">5.1%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Ukra
ine</s
pan></
span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">2 733</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">3 172</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-439</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">2.2%</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">2.6%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Balt
ics</s
pan></
span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">8 313</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">7 358</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">955</span></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;">6.0%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Othe
r
marke
ts</sp
an></s
pan>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">121 680</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">123 519</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-1 839</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
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Tota
l</spa
n></sp
an>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">The majority of lingerie sales revenue during 12 months of 2013 in
the amount of 71 326 thousand EUR was generated in Russia, accounting for 58.6%
of total sales. The second largest market was Belarus, where sales reached 30
794 thousand EUR, contributing 25.3% of lingerie sales (both retail and
wholesale). Ukraine represented a sales of 8 514 thousand EUR, contributing
7.0% of lingerie sales of the Group.</span></span>
<strong style="font-family: arial, helvetica, sans-serif; font-size:
10pt;">Sales by business segments
<span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">12m <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">12m <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">Change</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">12m 2013 <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">12m 2012
style
2013</span></span>
2012</span></span>
% from sales</span></span>
% from sales</span></span>
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">in
thous
ands
of
EUR</
span><
/span>
--------------------------------------------------------------------------------
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--------------------------------------------------------------------
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">100 259</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">102 862</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-2 603</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">82.4%</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">83.3%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Whol
esale<
/span>
</span
>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">20 707</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">20 167</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">540</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">17.0%</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">16.3%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Reta
il</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;">490</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">224</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">0.6%</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">0.4%</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Othe
r
opera
tions<
/span>
</span
>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">121 680</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">123 519</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">-1 839</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
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Tota
l</spa
n></sp
an>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">During 12 months of 2013 wholesale revenue amounted to 100 259
thousand EUR, representing 82.4% of the Group’s total revenue (12 months 2012:
83.3%). 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 12 months of 2013
amounted to 20 707 thousand EUR, representing 17.0% of the Group’s total
revenue (12 months 2012: 16.3%).</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">As of 31 December 2013 there were altogether 679 Milavitsa and
Lauma branded shops. Own retail operations were conducted in Belarus and
Latvia. As of the end of 12 months of 2013 the Group operated 62 own retail
outlets. As of 31 December 2013, there were 581 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 31 December 2013, there were 36 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;">Own & franchise store locations, geography</span></span>
<span <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
<span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica,
style
sans-serif;">Own</span></span>
sans-serif;">Franchise</span></span>
sans-serif;">Total</span></span>
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">
</spa
n></sp
an>
--------------------------------------------------------------------------------
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<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;">384</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">384</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Russ
ia</sp
an></s
pan>
<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;">101</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">101</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Ukra
ine</s
pan></
span>
<span <span style="font-size:10pt;"><span style="font-family:Arial,
Helvetica, sans-serif;">53</span></span> <span style="font-size:10pt;"><span
style="font-family:Arial, Helvetica, sans-serif;">5</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">58</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Bela
rus</s
pan></
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;">34</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">43</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Balt
ics</s
pan></
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;">29</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">29</span></span>
style
="font
-size:
10pt;"
><span
style
="font
-famil
y:Aria
l,
Helve
tica,
sans-
serif;
">Kaza
khstan
</span
></spa
n>
<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;">26</span></span> <span
style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">26</span></span>
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<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
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<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 12 months 2013 the Group’s investments into property, plant
and equipment totalled 3 664 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 31 December 2013, the Group employed 3 165 employees
including 412 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 12 months 2013 amounted to
24 923 thousand EUR. The remuneration of key management of the Group, including
the key executives of the subsidiaries, totalled 647 thousand
EUR.</span></span>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">Decisions made by governing bodies during 12 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>
<span style="font-family:Arial, Helvetica, sans-serif;font-size:10pt;">The
Meeting approved the 2012 Annual Report.</span>
<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>
<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, paid
out on 10.10.2013) and amend the Articles of Association accordingly.</span>
<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>
<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>
<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>
<span style="font-size:10pt;"><span style="font-family:Arial, Helvetica,
sans-serif;">In June, Silvano Fashion Group established a 100% subsidiary in
Latvia (SIA Linret) for holding purposes. In December 2013, the group alienated
100% of the shares of Linret EST (Estonia).</span></span>
Aleksei Kadõrko
CFO
Silvano Fashion Group
+372 6845 000
[email protected]