Dorel Industries Inc. (DII.B) 2012年年度报告「TSX」.pdf

1、BRANDSMILLIONS RELY ON DAILY2012 Annual Report2012 HIGHLIGHTSFinancial Performance 5 years.1Message to Shareholders.2Innovation is Our Lifeblood.4Managements Discussion and Analysis.5Consolidated Financial Statements.29Board of Directors.95Operating Locations.96Corporate Information.98TABLE OF CONTE

2、NTS Dorel extends push into Latin America with purchase of juvenile products businesses in Colombia and Panama.Cannondale becomes Title Sponsor of newly named Cannondale Pro Cycling Team.2012 operating profi t improvement in the Juvenile segment was driven principally by the contribution of the segm

3、ents Latin American units.Dorel Chiles retail network grew to 70 stores.2012 net income reaches US$108.6 million on revenue of US$2.5 12012 Annual ReportFinancial PerFormance 5 years 2012 2011 2010 2009(1)2008(1)Revenue 2,490,710 2,364,229 2,312,986 2,140,114 2,181,880 _Cost of sales*1,907,063 1,846

4、,470 1,778,938 1,634,570 1,670,481_Gross profit 583,647 517,759 534,048 505,544 511,399 as percent of revenue 23.4%21.9%23.1%23.6%23.4%_Expenses 435,808 403,961 392,407 377,093 378,660 _Restructuring costs 104 726 _Income before income taxes 129,822 113,798 141,641 128,347 132,013 as percent of reve

5、nue 5.2%4.8%6.1%6.0%6.1%_Income taxes 21,209 9,205 13,914 21,113 19,158 _Net income 108,613 104,593 127,727 107,234 112,855 as percent of revenue 4.4%4.4%5.5%5.0%5.2%_Earnings per shareBasic*3.43 3.22 3.89 3.23 3.38 Diluted*3.39 3.21 3.85 3.21 3.38_Book value per share at end of year*40.81 38.48 35.

6、87 33.64 30.38_(1)Financial information for 2008 and 2009 has been prepared in accordance with Canadian GAAP.*Adjusted to account for the weighted daily average number of shares outstanding.*Based on the number of shares outstanding at year end.*Since the fiscal year ended December 30 2009,the compa