We make our customers successful. - Oerlikon Barmag

Multiple year comparison
Income Statement (CHF 000) 2003 2002 2001 2000 1999
Sales
Natural fibers 1 113 795 1 135 800 1 103 419 1 199 630 918 615
Synthetic fibers 825 406 641 622 693 041 460 091 –
Saurer Textile Solutions 1 939 201 1 777 422 1 796 460 1 659 721 918 615
Transmission Systems 551 955 557 751 426 245 333 345 271 157
Discontinuing Operations – Surface Technology 163 445 155 218 176 889 223 179 190 711
Other – – 6 325 7 568 7 373
Total sales 2 654 601 2 490 391 2 405 919 2 223 813 1 387 856
Gross profit 604 718 585 882 547 441 551 715 290 748
Operating expenses before impairment charge
and sale of discontinuing operations –472 407 –484 136 –524 750 –431 324 –347 533
Impairment charge – – –76 786 – –
Profit on sale of discontinuing operations 1 502 – – – –
Operating profit (loss) 133 813 101 746 –54 095 120 391 –56 785
of which Saurer Textile Solutions1) 89 862 54 598 –87 860 73 649 –82 448
Transmission Systems
Discontinuing Operations –
41 841 53 392 46 587 39 186 24 371
Surface Technology 4 393 –5 879 –12 381 9 026 4 439
Net financial income (expense) –27 021 –26 381 –29 744 –27 243 5 156
Profit (loss) before taxes 106 792 75 365 –83 839 93 148 –51 629
Income taxes –33 019 –24 585 8 029 –22 143 –18 694
Minority interests –2 006 –1 682 –1 696 –1 631 –1 450
Net profit (loss) 71 767 49 098 –77 506 69 374 –71 773
EBITDA (operating profit before depreciation and amortization)
Total 252 699 218 151 151 252 235 573 36 760
of which Saurer Textile Solutions1) 146 422 116 070 61 869 140 466 –28 629
Transmission Systems
Discontinuing Operations –
87 307 91 414 78 551 65 390 45 351
Surface Technology 21 070 10 867 8 545 30 061 22 168
Depreciation and amortization
Total 118 886 116 405 128 561 115 182 93 545
as % of sales 4.5% 4.7% 5.3% 5.2% 6.7%
of which Saurer Textile Solutions1) 56 560 61 472 72 943 66 817 53 819
Transmission Systems
Discontinuing Operations –
45 466 38 022 31 964 26 204 20 980
Surface Technology 16 677 16 746 20 926 21 035 17 729
Order intake, order backlog
Order intake 2 599 196 2 628 189 2 175 818 2 373 558 1 419 026
Order backlog 637 214 678 129 563 211 793 315 268 233
Cash flow
Net cash from operating activities 190 101 212 728 176 097 170 837 –14 545
as % of sales 7.2% 8.5% 7.3% 7.7% –1.0%
Capital expenditure 77 413 72 726 96 686 114 832 101 207
of which Saurer Textile Solutions1) 40 854 38 470 43 566 52 615 40 321
Transmission Systems
Discontinuing Operations –
30 620 29 219 44 186 48 497 33 343
Surface Technology 5 714 5 014 7 952 13 380 27 377
The years 1999 to 2002 are restated for the translation of goodwill amortization at current rather than fixed historical currency rates.
1) From 2003 Saurer Textile Solutions includes real estate in Arbon, Switzerland, which was previously included in Corporate/Other. The year 2002 has been
restated for ease of comparison.
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