Benetton shareholders approve financial statements

The Benetton Group shareholders’ meeting, chaired by Luciano Benetton, approved the 2008 financial statements and the payment to Shareholders of a dividend totalling 48 million euro, equivalent to 0.28 euro per share (0.40 euro per share in the previous year).Luciano Benetton, addressing the Shareholders, stated “after a positive 2008 both for our Group’s results and its development, we are looking to the future with the optimistic realism of those who consciously choose to meet the difficult challenges that the near future holds, in a context that has radically changed in a short period of time.

We are now ever more integrated, innovative, rapid and effective. We can depend on an extensive, flexible distribution model, a network of accredited commercial partners, a quality, affordable product and a solid balance sheet.

We have over 40 years of market knowledge behind us, a wealth of experience and values, and a talented and flexible organization whose ability to seize opportunities means that it is ready to face the severest turmoil. On the other hand, it is at difficult times that we need to invest in our excellences, in the future of our stores, in high product quality and in customer satisfaction in order to continuously progress and be well positioned when the recovery comes.

At the same time, we need to focus on a purposeful and intelligent improvement in efficiency, with courage and a sense of responsibility.

This assumption of responsibility regards everyone – the shareholders and management team above all – because every energy, resource, idea, project and strategy must be consciously focused on the Group’s growth and value creation.

Benetton has a tradition and know-how that offer a sense of identity and belonging. We have confidence in our identity, our work and in ourselves. This is because we know that this is the surest path to development and growth. The future, once again, is in our hands.”

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