6-K 1 e300757_6k-fila.txt FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of November, 2003 Fila Holding S.p.A -------------------------------------------------------------------------------- (Translation of registrant's name into English) Viale Cesare Battisti, 26 13900 Biella - Italy -------------------------------------------------------------------------------- (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F |X| Form 40-F |_| Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes |_| No |X| Fila Press Release For More Information, Contact: Fila Holding S.p.A. Investor Relations Office: Elena Carrera +39 015 3506 246 FILA HOLDING S.p.A. ANNOUNCES THIRD QUARTER 2003 RESULTS (Biella, Italy, November 10th, 2003) - Fila Holding S.p.A. today reported its unaudited results for the third quarter ended September 30, 2003. As previously announced, on June 10, 2003 Fila Holding S.p.A., which is owned for 98.2% by RCS MediaGroup, sold all its operating subsidiaries to Sport Brands International LLC. As a consequence, the results described below relate only to the remaining entity Fila Holding S.p.A. (previously the Fila group's holding company) and have been compared with non consolidated data of the company for the same periods of 2002. Net Income In U.S. dollars, third quarter 2003 net income was U.S.$ 0.4 million compared with a net loss of U.S.$ 2.5 million in the third quarter of 2002. The U.S. dollar depreciated by 14% against the Euro on a quarterly average basis; the average exchange rate was(euro)1= U.S.$ 1.124 in the third quarter of 2003 and(euro)1= U.S.$ 0.984 in the corresponding quarter of 2002. Income statement review As a consequence of the sale of all its operating activities, the company has no revenues and no cost of good sold, so the operating results both for the quarter and the first half consisted only of General and Administrative expenses. General and Administrative expenses for the third quarter 2003 totaled (euro)0.5 million compared to (euro)0.4 million in the previous year; General and Administrative consist mainly of services/ consulting costs. Other income was (euro)0.3 million for the third quarter 2003 compared to expenses of (euro)2.1 million for the third quarter 2002 as a result of positive net interest and the elimination of other expenses. For the third quarter 2003 there was a tax credit of (euro)0.5 million compared to (euro)0.03 million in the third quarter of last year. As a consequence of the above mentioned factors, net income for the quarter was (euro)0.4 million compared with a net loss of (euro)2.6 million in the third quarter of 2002. Balance sheet review Net working capital as of September 30th, 2003 was (euro)10.0 million compared with (euro)17.7 million as of September 30th, 2002 (a 44% decrease). Equity investments, after the sale of all the operating subsidiaries, were down to zero, from (euro)78.9 million as of September 30th 2002. Net financial position as of September 30th, 2003 was positive for (euro)32.9 million compared with (euro)35.2 million as of September 30th, 2002. The extraordinary shareholders meeting held on October 24, 2003 resolved to change the Company name from "Fila Holding S.p.A." to "RCS Investimenti S.p.A." effective January 1, 2004. The Fila ADSs have been de-listed from The New York Stock Exchange. BALANCE SHEET SUMMARY (Italian GAAP)

* Excluding cash and short term loans. Figures may not add due to rounding. KEY FIGURES IN U.S. DOLLARS (Italian GAAP) We publish our financial statements in Euro. For convenience, however, certain key results are presented herein as translated into U.S. dollars at the average exchange rates in effect for the respective periods.

* Losses per ADS were calculated by dividing Net Loss by the number of Shares outstanding (including Shares represented by ADSs) during the period (each ADS representing 1 ordinary share). FILA HOLDING S.p.A. STATEMENTS OF OPERATIONS (UNAUDITED)

(1) Average number of ordinary shares outstanding in 2002 have been restated to reflect the reverse stock split in accordance with the Shareholders' meeting resolution dated September 23, 2002. Fila Holding S.p.A. Investor Relations Viale Cesare Battisti, 26 13900 Biella - Italy Tel. +39.015.35061 Fax +39.015.3506297 Signature Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Dated: November 12, 2003 FILA HOLDING S.p.A. (Registrant) By: /s/ Enzio Bermani ------------------------- Name: Enzio Bermani Title: Director

FILA HOLDING SPA 6-K