Pallet-Management-Services - AFM

| ANNUAL REPORT 2006 | IFCO SYSTEMS N.V. |
Key fi gures IFCO SYSTEMS
US $ in thousands (except per share data) US GAAP IFRS
2002 2003 2004 2005 2006 % Change
Revenues 360,990 399,154 471,859 576,274 647,236 12.3%
Gross profit 50,542 61,793 84,227 116,209 108,966 (6.2%)
Gross profit margin 14.0% 15.5% 17.9% 20.2% 16.8%
EBITDA 45,955 55,816 74,897 98,407 96,274 (2.2%)
EBITDA margin 12.7% 14.0% 15.9% 17.1% 14.9%
EBIT 16,333 25,915 43,137 70,495 62,289 (11.6%)
EBIT margin 4.5% 6.5% 9.1% 12.2% 9.6%
Profit from continuing operations before taxes 20,689 9,609 28,921 46,562 44,437 (4.6%)
Net (loss) profit (35,575) 10,821 32,137 40,905 37,287 (8.8%)
Profit per share from
continuing operations - basic* 0.45 0.27 0.65 0.98 0.71 (27.2%)
Operating cash flows from continuing
operations** 26,719 51,141 88,764 95,344 92,282 (3.2%)
Capital expenditures from continuing
operations, including cash paid for acquisitions 20,691 32,699 66,068 83,947 101,300 20.7%
IFCO SYSTEMS prepared its consolidated financial information
in accordance with generally accepted accounting principles
of the United States (US-GAAP) through 2004. Beginning
Q1 2005, the Company adopted International Financial
Reporting Standards (IFRS) as its group accounting standard
2
Return on capital employed (ROCE)*** 8.0% 14.4% 20.4% 27.2% 18.4%
Shareholders’ equity 110,103 119,828 154,917 201,469 233,858 16.1%
Total assets 445,526 517,791 610,933 630,481 698,341 10.8%
Headcount of continuing operations
(as of the respective balance sheet dates) 2,979 2,922 3,082 4,074 4,054 (0.5%)
* For comparison purposes, the weighted average outstanding shares for 2002 used in the calculation of earnings per share have been restated in order to reverse the effect of (1) the 1-for-10
share consolidation and (2) the ordinary shares issues in connection with the related restructuring, both completed during 2002.
** Operating cash fl ows presented above as calculated under IFRS are prior to interest and income tax payments.
*** See Financial Reporting – Group Financial Highlights for explanation of this item.
and retroactively applied those standards to January 1, 2004.
Consequently, the financial information included herein for the
years 2002 and 2003 is based on US-GAAP, while the data for
the years 2004 to 2006 is in compliance with IFRS.