Segment information

Segment results - 2009

(millions of Euro)	Apparel	Textile	Eliminations	Consolidated
Revenues from third parties	1,947	102	-	2,049
Inter-segment revenues	3	105	(108)	-
Total revenues	1,950	207	(108)	2,049
Cost of sales	1,027	188	(109)	1,106
Gross operating profit	923	19	1	943
Selling costs	143	7	-	150
Contribution margin	780	12	1	793
General and operating expenses	572	15	-	587
- of which non-recurring expenses/(income)	20	3	-	23
Operating profit	208	(3)	1	206
Share of income/(losses) of associated companies				2
Financial (expenses)/income				(20)
Net foreign currency hedging (losses)/gains
and exchange differences				(2)
Income before taxes				186
Income taxes				68
Net income from continuing operations				118
Net income from discontinued operations				-
Net income for the year attributable to the Group and minority interests				118

Depreciation and amortization	94	9	-	103
Other non-monetary costs (net impairment)	21	-	-	21
EBITDA	323	6	1	330

Total assets	2,652	221	(46)	2,827
Total liabilities	1,321	94	(43)	1,372
Capital employed	1,873	141	(2)	2,012
Total gross operating investments	102	15	-	117

Segment results - 2008

(millions of Euro)	Apparel	Textile	Eliminations	Consolidated
Revenues from third parties	2,034	94	-	2,128
Inter-segment revenues	2	136	(138)	-
Total revenues	2,036	230	(138)	2,128
Cost of sales	1,071	211	(136)	1,146
Gross operating profit	965	19	(2)	982
Selling costs	148	8	(1)	155
Contribution margin	817	11	(1)	827
General and operating expenses	565	8	-	573
- of which non-recurring expenses/(income)	1	(2)	-	(1)
Operating profit	252	3	(1)	254
Financial (expenses)/income				(41)
Net foreign currency hedging (losses)/gains
and exchange differences				(1)
Income before taxes				212
Income taxes				56
Net income from continuing operations				156
Net income from discontinued operations				1
Net income for the year attributable to the Group and minority interests				157

Depreciation and amortization	89	11	-	100
Other non-monetary costs (net impairment)	-	-	-	-
EBITDA	341	14	(1)	354

Total assets	2,843	145	(41)	2,947
Total liabilities	1,504	97	(46)	1,555
Capital employed	2,020	63	(2)	2,081
Total gross operating investments	210	18	-	228

Apparel segment results

(millions of Euro)	2009	%	2008	%	Change	%
Revenues from third parties	1,947		2,034		(87)	(4.2)
Inter-segment revenues	3		2		1	15.1
Total revenues	1,950	100.0	2,036	100.0	(86)	(4.2)
Cost of sales	1,027	52.6	1,071	52.6	(44)	(4.2)
Gross operating profit	923	47.4	965	47.4	(42)	(4.3)
Selling costs	143	7.4	148	7.3	(5)	(2.5)
Contribution margin	780	40.0	817	40.1	(37)	(4.6)
General and operating expenses	572	29.3	565	27.7	7	1.1
- of which non-recurring expenses/(income)	20	1.0	1	0.1	19	n.s.
Operating profit	208	10.7	252	12.4	(44)	(17.4)

Textile segment results

(millions of Euro)	2009	%	2008	%	Change	%
Revenues from third parties	102		94		8	8.2
Inter-segment revenues	105		136		(31)	(22.6)
Total revenues	207	100.0	230	100.0	(23)	(10.0)
Cost of sales	188	90.6	211	91.6	(23)	(11.0)
Gross operating profit	19	9.4	19	8.4	-	0.6
Selling costs	7	3.5	8	3.7	(1)	(13.8)
Contribution margin	12	5.9	11	4.7	1	11.8
General and operating expenses	15	7.5	8	3.4	7	96.9
- of which non-recurring expenses/(income)	3	1.5	(2)	(1.0)	5	n.s.
Operating profit	(3)	(1.6)	3	1.3	(6)	n.s.

The number of employees in each segment is detailed below:

The increase for the textile segment since December 31, 2008 is due to development of the textile production center in Tunisia .

Information by geographical area

Revenues by geographical area and operating segment

Revenues are allocated according to the geographical area in which customers are located.

Balance sheet information by geographical area – 2009

		Rest of	The		Rest of
(thousands of Euro)	Italy	Europe	Americas	Asia	the world	Total
Total assets	1,769,758	678,198	50,528	266,441	62,561	2,827,486
Gross operating investments	61,929	33,345	7,790	13,124	382	116,570