Marks and Spencer 2009 Annual Report Download - page 23

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19
M&S Direct sales
Analysis: We are building M&S Direct
as part of our commitment to become
a multi-channel retailer and to reach our
target of £500m annual sales
by 2010/11.
£324m
+19%
Build our M&S Direct
business
2
Expand our
International business
Adjusted Group profit before tax*
£604.4m
-40.0%
2008/09
2007/08
2006/07
2005/06
£604.4m
£1,007.1m
£965.2m
£751.4m
Adjusted earnings per share*
28.0p 2008/09 28.0p
2007/08 43.6p
2006/07 40.4p
2005/06 31.4p
Send no operational waste sent to landfill tonnes
International revenue as proportion of Group revenue
Analysis: We are broadening
our revenue base in some of the
world’s most exciting markets, with a
view of our International business
contributing between 15% and 20%
of Group revenues by 2010/11.
Group gross margin
37.2% 2008/09 37.2%
2007/08 38.6%
2006/07 38.9%
2005/06 38.3%
Become carbon neutral CO2emissions tonnes
Improve energy efficiency (stores) kWh/sq ft
2008/09
69,000*
2008/09
441,000*
-18%
2006/07
537,000*
2012 target
0
2012 target
0
Analysis: We are
monitoring the amount of
energy used in our stores
with a view of reducing by
25% per square foot of
floor space by 2012.
Gas usage included in
this year’s figure has been
adjusted using standard
degree days, to reflect the
cold winter of 2008/09.
Analysis: We have recently undertaken one of the UK’s biggest store investment
programmes – modernising and expanding our existing footage, with 80% now
complete, and increasing the number of stores we have to 668. Although we will
continue to invest in our property portfolio and continue the refurbishment over the
next few years, the bulk of capital expenditure in 2009/10 will now be focused on
the IT and logistics programmes. We will continue to review our KPI in this area.
Analysis: We calculate carbon
emissions from our UK and
Republic of Ireland stores,
offices, warehouses, business
travel and logistics so we can
monitor our progress towards
becoming carbon neutral.
*This year, figures were recalculated
using Defra’s 2008 conversion factors
and benefited from the inclusion of green
electricity tariffs.
9.9%
+2.0% pts
3
5Integrate Plan A
across the business
Strengthen our UK
property portfolio
42008/09
61.4
-10% 2012 target
51
2006/07
67.9
Analysis: We are aiming to
ensure that M&S operations
in the UK and Republic of
Ireland (stores, offices and
warehouses) will send no
waste to landfill by 2012.
*The 2008/09 figures have been
rebased using a more accurate
calculation of store bin weight.
*The adjusted profit measures are stated before property disposals and exceptional items.