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Download presentation for analysts September ... - Schulthess Group

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Outlook 2003<br />

• Political and economic situation worldwide results in weak<br />

consumer sentiment<br />

• Washing Technology: New Spirit XL generation gives new<br />

impulses<br />

• Heating/Cooling Technology: Further growth expected<br />

(especially in Germany and Austria)<br />

• Goals <strong>for</strong> profitability unchanged<br />

– EBIT margin 10 – 12%<br />

– Return on sales margin > 8%<br />

– Dividend payout-ratio > 30%

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