| Address:
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VIA IAZZITIELLO 47
|
| City: |
SANTERAMO ITALY |
|
State: |
|
|
Zip Code: |
70029 |
| Telephone: |
|
|
Description of Business
|
Primary SIC Code:
2510 |
| (As filed with the SEC)
|
|
|
The Group is primarily engaged in the design, manufacture and marketing of
contemporary and traditional leather and fabric-upholstered furniture,
principally sofas, loveseats, armchairs, sectional furniture, motion furniture
and sofa beds, and living room accessories.
The Group is one of the world's leading companies for the production of
leather-upholstered furniture and believes that it has a leading share of the
market for leather-upholstered furniture in the United States and Europe based
on research conducted by CSIL, a well known, unaffiliated and reputable Italian
market research firm, with reference to market information for the years 2007
and 2009 for the market for leather-upholstered furniture in the United States
and Europe, respectively (Sources: CSIL, "The European market for upholstered
furniture," July 2009; CSIL, "The US market for upholstered furniture,"
October 2007). Our distribution network covers approximately 100 countries. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 0.11 | NA | 25.91 | | 12/2010 | 0.01 | NA | 327.00 | | 12/2009 | -0.65 | NA | N/E | | 09/2009 | -0.90 | NA | N/E | | 12/2008 | -1.50 | NA | N/E | | 06/2008 | -2.21 | NA | N/E | | 12/2007 | -1.70 | NA | N/E | | 09/2007 | -0.62 | NA | N/E |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | -0.18 | Total Liab/Total Assets | 0.36 | | Net Inc/Total Assets | -0.02 | Total Liab/Inv Cap | 0.46 | | Net Inc/Inv Cap | -0.03 | Total Liab/Comm Equity | 2.86 | | Pretax Inc/Net Sales | -0.01 | Interest Coverage Ratio | NA | | Net Inc/Net Sales | -0.02 | Curr Debt/Equity | 0.01 | | Cash Flow/Net Sales | 0.00 | LTD/Equity | 0.04 | | SG&A/NetSales | 0.38 | Total Debt/Equity | 0.05 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 3.33 | Quick Ratio | 1.96 | | Inventory Turnover | 3.68 | Current Ratio | 2.77 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.50 | | Net Sales/Work Cap | 2.72 | Inv/Curr Assets | 0.29 | | Net Sales/PP&E | 2.65 | | |
Income Statement (Millions) |
| |
12/31/2010
|
12/31/2009
|
12/31/2008
|
12/31/2007
|
|
Total Revenues(Net Sales)
|
695.78
|
739.41
|
944.68
|
934.41
|
|
Cost of Goods Sold
|
431.31
|
473.10
|
700.49
|
678.40
|
|
Selling & Admin Exps
|
263.93
|
281.47
|
300.52
|
328.34
|
|
Operating Income
|
0.53
|
-15.17
|
-56.33
|
-72.33
|
|
Interest Exp
|
NA
|
NA
|
2.61
|
2.77
|
|
Pretax Income
|
-5.41
|
-10.69
|
-76.50
|
-76.23
|
|
Other Income
|
-5.94
|
4.48
|
-17.56
|
2.77
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-14.86
|
-25.38
|
-78.47
|
-88.38
|
|
Assets
|
12/31/2010
|
12/31/2009
|
12/31/2008
|
12/31/2007
|
|
Cash & Short Term Investments
|
81.97
|
95.17
|
66.69
|
130.22
|
|
Receivables - Total
|
199.36
|
218.49
|
244.14
|
245.36
|
|
Inventories - Total
|
117.19
|
117.03
|
129.71
|
158.03
|
|
Total Current Assets
|
400.54
|
433.18
|
448.98
|
536.33
|
|
Net Property, Plant & Equipment
|
262.88
|
278.11
|
298.55
|
346.56
|
|
Total Assets
|
675.95
|
729.67
|
777.98
|
904.87
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
140.59
|
164.32
|
126.03
|
164.99
|
|
Debt in Current Liabilities
|
2.46
|
1.61
|
0.72
|
4.99
|
|
Total Current Liabilities
|
144.58
|
167.57
|
192.20
|
215.15
|
|
Long-Term Debt
|
18.22
|
8.40
|
4.60
|
3.12
|
|
Total Liabilities
|
242.47
|
263.33
|
279.93
|
303.23
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
2.83
|
2.67
|
1.12
|
0.22
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
73.59
|
78.70
|
77.33
|
80.75
|
|
Retained Earnings
|
291.39
|
314.37
|
337.35
|
451.00
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
433.48
|
466.34
|
498.05
|
601.64
|
|
Total Liabilities and Stockholders' Equity
|
675.95
|
729.67
|
777.98
|
904.87
|
Cash Flow Summary (Millions) |
|
Categories
|
12/31/2010
|
12/31/2009
|
12/31/2008
|
12/31/2007
|
|
Net Cash Provided by Operating Activities
|
3.17
|
48.02
|
-45.11
|
-22.67
|
|
Net Cash Provided by Investing Activities
|
-21.37
|
-12.16
|
-19.09
|
-38.48
|
|
Net Cash Provided by Financing Activities
|
10.40
|
-8.24
|
5.58
|
5.09
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 971.00 | 19.13 | 0.28 | | 12/2007 | 934.41 | -88.38 | -1.70 | | 12/2008 | 944.68 | -78.47 | -1.50 | | 12/2009 | 739.41 | -25.38 | -0.65 | | 12/2010 | 695.78 | -14.86 | 0.01 | | Growth Rates | -7.99 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 17 | 10,979 | 20.08 |
|
Report Date :
2/6/2012
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