Reebok 2009 Annual Report Download - page 143

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GROUP MANAGEMENT REPORT – FINANCIAL REVIEW BUSINESS PERFORMANCE BY SEGMENT Other Businesses Performance 139
N
°-
05
N
°-
06
OTHER BUSINESSES GROSS MARGIN
BY QUARTER IN %
OTHER BUSINESSES SEGMENTAL OPERATING
PROFIT BY QUARTER € IN MILLIONS
Q1 2008
Q1 2009
Q2 2008
Q2 2009
Q3 2008
Q3 2009
Q4 2008
Q4 2009
Q1 2008
Q1 2009
Q2 2008
Q2 2009
Q3 2008
Q3 2009
Q4 2008
Q4 2009
45.7
39.4
42.6
38.4
42.4
38.1
38.5
41.9
82
43
90
85
97
76
68 78
Segmental operating profit declines
In 2009, segmental operating margin
decreased 4.3 percentage points to
21.9% (2008: 26.2%). This was a result
of the gross margin decline and higher
operating costs as a percentage of sales.
In absolute terms, segmental operating
profit decreased 17% to € 281 million
in 2009 versus € 337 million in the prior
year.
Number of employees decreases
At year-end 2009, the Group employed
1,569 people in Other Businesses,
representing a decrease of 7% versus
1,694 employees in the previous year.
This development is primarily a result
of reorganisation initiatives as well as
the implementation of a hiring freeze
for all non-retail-related functions. On
a full-time equivalent basis, the number
of employees in Other Businesses
decreased 11% and amounted to 1,502 at
the end of 2009 (2008: 1,679).