Reebok 2012 Annual Report Download - page 178

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adidas Group
/
2012 Annual Report
Group Management Report – Financial Review
156
2012
/
03.3
/
Business Performance by Segment
/
Other Businesses Performance
20
/
Other Businesses net sales by quarter (€ in millions)
Q1 2012 517
Q2 2012 550
Q3 2012 486
Q4 2012 424
22
/
Other Businesses segmental operating profit by quarter
(€ in millions)
Q1 2012 148
Q2 2012 171
Q3 2012 127
Q4 2012 95
21
/
Other Businesses gross margin by quarter (in %)
Q1 2012 43.7
Q2 2012 45.3
Q3 2012 42.7
Q4 2012 38.5
Currency-neutral Reebok-CCM Hockey sales were up 9%, mainly due to
the shift of the US-related NHL licensed apparel business from Reebok
into the Reebok-CCM Hockey segment. This development, however,
was partly offset by the NHL lockout during the third and fourth quarter
of 2012. Excluding the shift of the US-related NHL licensed apparel
business from Reebok into the Reebok-CCM Hockey segment, sales
decreased 9% on a currency-neutral basis. Currency translation effects
positively impacted sales in euro terms. Reebok-CCM Hockey revenues
increased 16% to € 243 million from € 210 million in 2011.
Other Centrally Managed Brands revenues grew 61% on a currency-
neutral basis, primarily driven by the first-time consolidation of Five
Ten in the fourth quarter of 2011 as well as growth at Y-3. Currency
translation effects positively impacted sales in euro terms. Revenues in
Other Centrally Managed Brands increased 63% to € 104 million (2011:
€ 64 million).