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Steinhoff annual report 06 |
| Vertical integration to the Steinhoff Group means the consolidating all our points of contact throughout our extensive product offering with a single goal in mind – integrated end-to-end solutions for ultimate customer satisfaction through our strategically allied retail customers and our ventures into the retail space. |
| Explore our vertical integration strategy in more detail. |
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| Joint report by chairman and CEO |
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| Steinhoff’s 2006 financial year was a remarkable year for the group. Our investment,
since listing, in our talented and committed team came to fruition in the current year,
as evidenced by the revenue and earnings growth. |
| Executive chairman, Bruno Steinhoff, and CEO, Markus Jooste, discuss issues ranging
from performance to corporate governance. |
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| Financial officer's report |
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| The group’s emphasis on balancing risks through selective participation in investments,
different currencies, different funding structures, supply chain operations, acquisitions
and monetary jurisdictions have delivered the desired result. |
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Chief financial officer, Jan van der Merwe, and Financial director, Frikkie Nel, provide a
comprehensive overview of financial reporting issues including a group financial
summary, IFRS restatements and financial risk management. |
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Operational review |
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Europe and Pacific Rim |
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Steinhoff is a leading supplier of furniture in the highly fragmented European market.
We host a broad product spectrum ranging from mass-produced catalogue furniture
to high-quality branded product.
Our European activities and monetary jurisdictions
have delivered the desired result. |
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Africa |
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South Africa’s household goods sector continued to experience strong demand during
the year under review and Steinhoff Africa’s furniture division performed
particularly well due to its positioning to capitalise on increased consumer spending and
a wider consumer base. |
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Corporate governance & sustainability |
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