| THE GROUP AT A GLANCE | 2005 | 2004 | 2003 | 2002 | 2001 | |
| Sales Euro | Euro million | 893,2 | 959,9 | 948,6 | 977,5 | 975,2 |
| EBITDA | Euro million | 68,9 | 86,5 | 53,0 | 87,9 | 86,9 |
| EBIT | Euro million | 24,3 | 33,8 | -17,6 | 27,0 | 27,0 |
| EBT | Euro million | 16,1 | 23,6 | -30,8 | 13,6 | 15,2 |
| Group results for the year | Euro million | 13,2 | 16,7 | -25,4 | 10,3 | 9,6 |
| NOPAT | Euro million | 12,8 | 31,5 | 15,0 | 31,4 | 33,9 |
| Balance sheet total | Euro million | 770,1 | 785,1 | 842,7 | 880,3 | 880,9 |
| Cash flow from operating activities* | Euro million | 56,9 | 63,1 | 52,3 | 71,0 | 40,0 |
| Capital expenditure | Euro million | 35,4 | 51,9 | 59,4 | 66,1 | 54,3 |
| Depreciation | Euro million | 44,6 | 52,7 | 70,6 | 60,9 | 59,9 |
| Employees (annual average) | Number | 9.521 | 9.633 | 10.812 | 11.010 | 10.833 |
| Percentage return on sales | Percent | 1,5 | 1,7 | -2,7 | 1,1 | 1,0 |
| Equity ratio (incl. minority interests) | Percent | 44,8 | 44,0 | 39,8 | 42,7 | 43,3 |
| Return on equity (ROE) | Percent | 3,82 | 4,83 | -7,58 | 2,73 | 2,52 |
| Cash flow profitability | Percent | 6,37 | 6,57 | 5,52 | 7,27 | 4,10 |
| Net earnings per ordinary share | Euro | 0,47 | 0,58 | -0,99 | 0,35 | 0,32 |
| Net earnings per preference share | Euro | 0,52 | 0,63 | -0,94 | 0,40 | 0,37 |
| Dividend per ordinary share | Euro | 0,32 | 0,37 | 0,25 | 0,50 | 0,50 |
| Dividend per preference share | Euro | 0,37 | 0,42 | 0,30 | 0,55 | 0,55 |
*) Computational formula for cash flow statement converted from 2004
| 1. Asset situation ratios | 2005 | 2004 | 2003 | 2002 | 2001 | |
| Fixed assets | Euro million | 305,4 | 311,7 | 350,2 | 363,2 | 390,9 |
Change in comparison with previous year | Percent | -2 | -11 | -3,6 | -7,1 | 2 |
| Other non-current assets | Euro million | 52,7 | 43,1 | 55,9 | 43 | 37,3 |
Change in comparison with previous year | Percent | 22,2 | -22,9 | 30,1 | 15,3 | 2 |
| Current assets* | Euro million | 412 | 430,3 | 436,6 | 474,1 | 452,6 |
Change in comparison with previous year | Percent | -4,3 | -1,4 | -7,9 | 4,7 | 2 |
| Capitalisation ratio | Percent | 39,7 | 39,7 | 41,6 | 41,3 | 44,4 |
| Asset structure 1 | Percent | 86,9 | 82,5 | 93 | 85,7 | 94,6 |
| Degree of property, plant and equipment depreciation* | Percent | 72,8 | 71,3 | 70,1 | 69,4 | 69,1 |
| Balance sheet total | Euro million | 770,1 | 785,1 | 842,7 | 880,3 | 880,9 |
Change in comparison with previous year | Percent | -1,9 | -6,8 | -4,3 | -0,1 | 2 |
| 2. Financial situation ratios | 2005 | 2004 | 2003 | 2002 | 2001 | |
| Shareholders’ equity (incl. Minority interests in shareholders’ equity) | Euro million | 344,7 | 345,6 | 335 | 376,2 | 381,1 |
| Liabilities | Euro million | 425,4 | 439,5 | 507,7 | 504,1 | 499,8 |
| Debt ratio | Percent | 123,4 | 127,2 | 151,5 | 134 | 131,2 |
| Cash ratio | Percent | 35,7 | 31,9 | 20,5 | 30,7 | 13,9 |
| Quick ratio | Percent | 108,6 | 102,8 | 88,8 | 106 | 88,8 |
| Current ratio | Percent | 234,3 | 266,3 | 241,9 | 270,7 | 247,5 |
| Working capital * | Euro million | 248,3 | 269,6 | 255,6 | 299,4 | 271 |
| 3. Earnings situation ratios | 2005 | 2004 | 2003 | 2002 | 2001 | |
| EBITDA margin | ||||||
after special expense | Percent | 7,7 | 9 | 5,6 | 9 | 8,9 |
before special expense | Percent | 7,7 | 9 | 8,3 | 9,7 | 8,9 |
| EBIT margin | ||||||
after special expense | Percent | 2,7 | 3,5 | -1,9 | 2,8 | 2,8 |
before special expense | Percent | 2,7 | 3,5 | 2,2 | 3,5 | 2,8 |
| EBT margin | Percent | 1,8 | 2,5 | -3,2 | 1,4 | 1,6 |
| Operating cash flow margin | Percent | 6,4 | 6,6 | 5,5 | 7,3 | 4,1 |
| Free cash flow margin | Percent | 2,7 | 5,6 | -0,6 | 3,9 | -3,8 |
| Return on investment (ROI) | Percent | 1,7 | 2,1 | -3 | 1,2 | 1,1 |
| Cash flow ROI (CFROI)* | Percent | 4,9 | 5,9 | 4,1 | 5,8 | 5,7 |
| 4. Share ratios | 2005 | 2004 | 2003 | 2002 | 2001 | |
| Annual closing price (Xetra) | Euro | 11,80 | 9,30 | 7,40 | 6,80 | 10,00 |
| Annual high (Xetra) | Euro | 15,50 | 9,90 | 8,50 | 11,50 | 13,10 |
| Annual low (Xetra) | Euro | 8,90 | 7,30 | 6,50 | 6,50 | 8,30 |
| Net earnings per ordinary share | Euro | 0,50 | 0,60 | -1,00 | 0,40 | 0,30 |
| Net earnings per preference share | Euro | 0,50 | 0,60 | -0,90 | 0,40 | 0,40 |
| Operating cash flow per share | Euro | 2,20 | 2,40 | 2,00 | 2,60 | 1,50 |
| Dividend per ordinary share | Euro | 0,30 | 0,40 | 0,30 | 0,50 | 0,50 |
| Dividend per preference share | Euro | 0,40 | 0,40 | 0,30 | 0,60 | 0,60 |
Changes compared with previous year (ordinary share) | Percent | -13,50 | 48,00 | -50,00 | 0,00 | 0,00 |
Changes compared with previous year (preference share) | Percent | -11,90 | 40,00 | -45,50 | 0,00 | 0,00 |
Dividend yield per ordinary share Percent | Percent | 2,60 | 4,30 | 3,40 | 5,60 | 4,70 |
Dividend yield per preference share Percent | Percent | 3,00 | 4,90 | 4,00 | 6,10 | 5,10 |
| Price-cash flow ratio 3 | Factor | 5,70 | 3,60 | 3,80 | 3,40 | 7,30 |
| Price-earnings ratio (PER) per ordinary share 3 | Factor | 26,00 | 14,80 | -7,50 | 25,70 | 33,50 |
| Price-earnings ratio (PER) per preference share 3 | Factor | 23,50 | 13,60 | -7,90 | 22,50 | 29,00 |
| 5. Yield ratios | 2005 | 2004 | 2003 | 2002 | 2001 | |
| Return on equity (ROE) | Percent | 3,8 | 4,8 | -7,6 | 2,7 | 2,5 |
| Return on capital employed (ROCE) | Percent | 4,9 | 6,4 | -3,2 | 4,6 | 4,9 |
* | Prior-year values adjusted to new balance-sheet structure |
1 | Please note new definition |
2 | No comparison with previous year possible, as balanced for the first time according to IAS |
3 | Calculations are based on the average market price, which results as the average from the annual high and annual low. |