27 srpen 2008

2008 H1 Results

Adjusted operating margin of 10.7%, Adjusted profit from ordinary activities up by 41.4%

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To facilitate comparison with the 2007 financial statements, some data in this press release refer to the adjusted income statement for the first half of 2008 and the adjusted income statement for the same period of the previous year. The adjusted financial statements differ from the IFRS financial statements in that they do not include acquisition related items nor acquisition related restructuring expenses. The basis of preparation for the adjusted financial statements can be found in Appendix 1.

• Sales up by 20.6% at current exchange rates (24% at constant exchange rates)
• Very strong increase in adjusted gross margin to 37.2%, versus 34.5% in the first half of 2007
• Increase of 41.4% in adjusted profit from ordinary activities, to €33.5 million
• Adjusted operating margin of 10.7%, an increase of 1.6 pts over the first half of 2007