English - Siegfried

Five– year overview 2002–2006, consolidated figures2006 2005 2004 2003 2002Net sales CHF m. 359.8 318.3 321.4 366.2 399.0Change vs. previous year Percent +13.0 – 0.9 – 12.3 – 8.2 +13.2Operating profit (EBIT) 1 CHF m. 41.1 42.9 33.4 1 62.9 75.4Change vs. previous year Percent – 4.3 +28.7 – 47.0 – 16.5 +70.1Operating profit margin Percent 11.4 13.5 10.4 17.2 18.9EBITDA 1 CHF m. 78.9 79.0 66.6 1 94.3 101.9Change vs. previous year Percent – 0.1 +18.6 – 29.4 – 7.5 +26.9EBITDA margin Percent 21.9 24.8 20.7 25.7 25.5Net profit CHF m. 32.4 36.5 16.4 53.3 56.2Change vs. previous year Percent – 11.3 +122.9 – 69.3 – 5.1 + 81.1Cash flow from operating activities CHF m. 53.7 47.6 72.2 26.8 82.9Change vs. previous year Percent 12.8 – 34.1 +169.8 – 67.7 +38.5As % of net sales 14.9 15.0 22.5 7.3 20.8Total assets CHF m. 690.8 677.4 585.8 644.9 590.7Change vs. previous year Percent +2.0 +15.6 – 9.2 +9.2 +5.9Equity CHF m. 445.5 435.4 388.1 399.3 367.7Change vs. previous year Percent +2.3 +12.2 – 2.9 +8.6 +7.7Current assets CHF m. 250.5 227.8 201.3 240.3 221.3Change vs. previous year Percent +10.0 +13.2 – 16.1 +8.7 +3.6Non– current assets CHF m. 435.5 449.6 384.5 404.6 369.4Change vs. previous year Percent – 3.1 +16.9 – 5.0 +9.5 +7.3Current liabilities CHF m. 76.7 65.7 54.2 97.8 63.7Change vs. previous year Percent +16.7 +21.3 – 44.6 +53.4 +6.2Non– current liabilities CHF m. 168.7 176.4 143.6 147.3 159.2Change vs. previous year Percent – 4.4 +22.8 – 2.5 – 7.5 +1.8Capital expenditures CHF m. 35.8 29.6 26.3 68.8 77.0Change vs. previous year Percent +20.9 +12.5 – 61.7 – 10.7 – 13.0As % of net sales 9.9 9.3 8.2 18.8 19.3Depreciation charge /Impairment CHF m. 37.8 36.1 35.0 31.4 26.5Change vs. previous year Percent +4.7 +3.1 +11.5 +18.3 – 26.3As % of net sales 10.5 11.3 10.9 8.6 6.6Personnel expenses CHF m. 121.9 119 128.5 125.4 123.4Change vs. previous year Percent +2.4 – 7.4 +2.5 +1.6 +5.3As % of net sales 33.9 37.4 40.0 34.2 30.9Employees 2 Number 967 913 968 1 041 1 019Change vs. previous year Percent +5.9 – 5.7 – 7.0 +2.2 +0.9Sales per employee CHF 372 000 349 000 332 000 352 000 392 000Change vs. previous year Percent +6.6 +5.0 – 5.7 – 10.2 +12.312004 excluding CHF 10.2 million in restructuring costs, 2 Annual average86 Financial Statements Siegfried Group