Jelmoli est un groupe leader en Suisse du commerce de détail et de l'immobilier. Cette entreprise qui est cotée à la Bourse suisse SWX se distingue par les succès qu'elle remporte en commerce de détail et par un portefeuille immobilier de premier ordre qui comprend des immeubles situés parout en Suisse.

http://www.jelmoliholding.ch

15.07.2008 Jelmoli Turnover and rental income up again over prior year
Marked rise in Jelmoli mid-year turnover, both per comparable sales floor area and absolute
Jelmoli Zurich turnover (including Specialty Businesses) for the first half-year 2008 was 2.5% higher than in 2007 per comparable sales floor area. Two closures due to unprofitability were more than offset by the successful new openings of two Molino restaurants in Geneva (Lacustre) and Zermatt (Seilerhaus).
Including the hotel operations taken over in Zermatt (Seiler acquisition) and Geneva, mid-year turnover rose overall by 30% to CHF 145.2 million.
Overall turnover of the Jelmoli Zurich shopping gallery (including external tenants) is markedly higher than per mid-year 2007 (+4.1%). 
The remaining Fundgrube Bonne Occase Ltd stores will be successively closed by mid 2009 due to unsatisfactory profitability and a long-standing decline in turnover.
Following the sale of Fust to Coop, the relative turnover figures are no longer reported in detail but summarized under "discontinued business operations" for prior year. 
Higher rental income
About one third of the increase in rental income is attributable to the St. Gall shopping arena opened in March this year. The new Coop Hypermarket opening was delayed until June due to a pending decision by the Swiss Competition Commission. 
Including additional contributions from the Seiler Group acquisition in November 2007 and the Sihlstrasse Zurich property reopening in the second quarter 2007, rental income per mid-year rose absolute by 19.3% or CHF 14.2 million to CHF 87.4 million.
Thanks to optimization of existing sales floor areas, above all at the large properties in Geneva, rental income per comparable sales floor area also rose significantly by 3.7%.
Ongoing rise in operating income
All Jelmoli Group business units are progressing well. Operating income and net profit continue to benefit this year from the optimized cost basis. Furthermore, real estate development gains are expected in connection with the newly opened St. Gall shopping arena and associated market value assessment

11.07.2008 Jelmoli Board of Directors rejects demand to change strategic plan
The Chairman of Jelmoli Holding's Board of Directors has received communication from Mr. Walter Fust, a member of the Board of Directors and a significant shareholder, with regards to the strategic plan as communicated on April 9, 2008.
The strategic plan, as agreed by the Board of Directors and communicated, foresees the split of the company into a real estate and an investment company. At the same time, the share structure of the real estate company would be unified and Pelham Investment S.A. will receive a reverse premium in exchange for giving up control. Such premium would be paid through the issuance of new shares to Pelham. The strategic plan in its entirety will be presented to shareholders for approval at an extraordinary shareholders meeting in the fourth quarter.
Mr. Fust, a member of the Board of Directors which voted in favour of the strategic plan, now requests that a premium should be paid not only to Pelham Investment S.A., but to all holders of registered shares of which Mr. Fust is the largest holder after Pelham. Otherwise Mr. Fust would challenge the shareholders resolution in court.
The Board of Directors of Jelmoli believes that a premium should only be paid as compensation to the shareholder giving up control. The request of Mr. Fust puts at risk the success of the strategic plan and is detrimental to bearer shareholders. The Board of Directors is therefore not prepared to entertain this request and strongly advocates that the company proceeds with the implementation of the strategic plan as communicated.

15.04.2008 JELMOLI - Another successful year with record earnings 
We are delighted to report that 2007 proved to be another successful year for the Jelmoli Group's operations. Record earnings for the year at CHF 920.8 million were boosted by proceeds from the disposal of dipl. Ing. Fust AG but underlying performance was most encouraging and all the other areas of the Group's business markedly improved their results.
 Million CHF 2007 1  2006¹ Deviation 
EBITDA Operating cashflow 142.1  130.5  +8.9% 
Real Estate development gains  183.0  77.3  +136.7% 
EBIT Operating income after depreciation 316.1  200.1  +58.0% 
Financial results -30.8  -51.4  +40.1% 
Profit before tax 285.3  148.7  +91.9% 
Group profit 920.8  180.0  +411.6% 
1 not including Fust group
The Board of Directors will recommend a dividend of CHF 50.- per bearer share at the Annual General Meeting of May 15, 2007.
Further details on the 2007 accounts and prospects will be announced by Harald Pinger, President of the Executive Committee and CEO, and Roland Walder, CFO, during today's press conference at 10.00.
We regret that no questions can be answered until then.
Balance sheet press conference
Tuesday, April 15, 2008, 10.00, Kongresshaus (Kammermusiksaal), Zurich
Financial analysts conference
Tuesday, April 15, 2008, 12.00, Kongresshaus (Kammermusiksaal), Zurich

Jelmoli Initiates Process to Create two Independent, Separately-Listed Companies
Division into two independent industry leaders Separately-listed Real Estate and Investment companies  Removal of dual class share structure in Real Estate company  Plan subject to shareholder approvals  Project completion expected in early 2009
Jelmoli announced today its intention to split the Company into two independent, publicly-traded entities: a Real Estate company and an Investment company. Both entities would be listed on the Swiss Stock Exchange (SWX) and would rank among the leading players in Switzerland in their respective businesses. The intended separation is the outcome of the strategic review, the initiation of which was
announced at the extraordinary shareholders meeting as at December 7, 2007.
Commenting on the announcement, Christopher Chambers, Chairman of Jelmoli's Board of Directors said: "We have undertaken a thorough strategic review of our business and, together with our advisors, have determined what would be in the best interests of the
Company, the employees and the shareholders. By creating two companies with industry leading positions it allows the two management teams to have the focus, flexibility and suitable capital structure and for both businesses to flourish in their own sectors. We also
wish to give shareholders the opportunity to choose which particular business and which particular focus they wish to be invested in."
Proposed structure: two independent companies
The Real Estate company, which will continue to operate under the name of Jelmoli, will comprise primarily of the high quality Swiss real estate portfolio, including current development projects. The House of Brands and Bonus Card will also be part of the Real
Estate company, as the Board of Jelmoli believes that significant value can be created through further optimization of the retail operations together with the most valuable property in the portfolio.
The Investment company will comprise of liquid funds, the less conservative participations in Russia, Algeria and Seiler Hotels as well as Molino, Beach Mountain and Fundgrube. Based on the current plan, the creation of the two stand-alone businesses is expected to
take the form of a tax-neutral distribution of the shares of the investment company, resulting in Jelmoli shareholders holding shares of the separate companies. In a second step it is intended to remove the dual class share structure in the Real Estate company in exchange for a reverse premium to compensate the current controlling shareholder, Pelham Investments SA, for relinquishing its voting majority.

Antitrust Commission approves sale of Fust to Coop
After extensive investigations, the Swiss Antitrust Commission has approved the acquisition of Dipl. Ing. Fust AG by Coop
The Swiss Antitrust Commission decided per end of July 2007 to investigate in more detail the planned divestiture of Jelmoli's domestic appliances and multimedia segment to Coop. After an extensive examination procedure, the commission has found that this merger can be approved subject to two acceptable conditions.
Consequently this transaction will now go ahead as planned per end of November 2007. The conditions stipulated by the Swiss Antitrust Commission have no effect on the agreed sales price.

Purchaser of Jelmoli Real Estate Portfolio Refuses Closing
Agenda items of EGM to be announced until November 9 - Renewal of the Board of Directors
The Israeli purchasers of Jelmoli's real estate portfolio have not confirmed their commitment to close the transaction within the time period set by Jelmoli. Jelmoli must therefore conclude that the purchasers intend, in breach of contract, not to close the transaction. The agenda items for the extraordinary shareholders' meeting will be announced until November 9. Walter Fust, Chairman, announces his resignation from the board of directors. Given the strategic reorientation of the Jelmoli group, new members of the board of directors will be proposed.
On July 31, 2007, Jelmoli announced the sale of its Swiss real estate portfolio to Igal Ahouvis Blenheim Properties Group, Delek Global Real Estate and Delek Belron International. The contractual purchase price is CHF 3.4 billion.
As announced on September 20, 2007, the purchasers asked for a renegotiation of the purchase price. Under the terms of the share purchase agreement, there is no such right. 
Following extended discussions with the purchasers, Jelmoli has given notice to the purchaser, requesting performance and closing of the transaction on October 31, 2007 at the terms and conditions agreed. Jelmoli has further asked for a reconfirmation of the continuing commitment to close. The period of time set by Jelmoli for the purchasers to reconfirm has now elapsed to no avail. Jelmoli must therefore conclude that the purchasers intend, in breach of the share purchase agreement, not to close the transaction. In the interest of its shareholders, Jelmoli will therefore consider all available legal and other measures.
Jelmoli will convene an extraordinary shareholders' meeting at the end of November. At this shareholders' meeting Jelmoli will inform its shareholders of the strategic reorientation of the Jelmoli group. The invitation to the extraordinary shareholders' meeting will set forth the agenda items and the motions of the board of directors as well as of the shareholders. It will be published until November 9, 2007.
With effect as of the date of the extraordinary shareholders' meeting, Walter Fust, Chairman, has declared his resignation from the board of directors of Jelmoli Holding AG: "As a principal shareholder I have of course every interest in a successful future growth of the company. After having acted for eleven years as chairman, I would now like to step aside for continuous successful future. Personally, I fully support the strategic reorientation of the company and hope that the strategy will be successfully implemented." Proposals for new members of the board of directors will be presented to the extraordinary shareholders' meeting. Jelmoli's board of directors further anticipates that holders of bearer shares will present to the extraordinary shareholders' meeting a proposal for election to the Jelmoli board of directors of a representative of the bearer share category.