ACTIA Investors

FROM 1994 TO 2004, AS PER 99/02 REFERENTIAL

Balance sheet assets…

In EUR millions20042003200220012000199919981997199619951994
Goodwill20.2521.0922.6123.0215.832.382.953.001.141.591.96
Fixed assets39.1736.4535.5335.9125.7313.4112.9411.608.878.245.92
Current assets137.11118.87108.19137.4199.8063.0853.6547.6940.0248.3829.40
Inventory 52.2846.0443.1351.9433.9719.2217.9115.6913.5118.499.25
Receivables56.0248.8641.6053.5242.2528.5922.8917.9416.6818.3414.01
Other receivables and cash28.8123.9723.4631.9523.5915.2812.8514.069.8211.556.14

Balance sheet liabilities…

In EUR millions20042003200220012000199919981997199619951994
Shareholders’ equity53.1042.9540.9349.80 42.1619.2316.9015.1613.0212.1711.40
Long term liabilities32.20 34.6139.6242.6821.5319.0913.7710.257.7510.726.44
Total liabilities and shareholders’ equity196.53176.41166.32196.35141.3678.8869.5462.2950.0358.2137.28

Income statement…

In EUR millions20042003200220012000199919981997199619951994
Sales227.74198.58176.10183.62134.29104.9291.4277.9672.1062.0754.17
Payroll charges62.5159.7853.8051.9040.1428.6326.0822.2819.4318.5416.36
Operating profit9.0610.260.5110.416.234.065.424.384.612.563.14
Net income6.083.55-1.855.314.373.693.473.731.631.021.33

Other indicators…

In EUR millions20042003200220012000199919981997199619951994
Staff1 9421 8731 7151 7601 5051 1231 0911 050613595538
Research & Development35.7028.7033.2034.3428.0419.6714.5413.9212.4711.4310.52
Self-financing capacity12.378.084.129.688.049.038.747.505.033.052.23
EBITDA15.7615.247.8116.099.33      

Ratios…

Percentage20042003200220012000199919981997199619951994
Payroll charges / sales27%30%31%28%30%27%29%29%27%30%30%
Net income / sales3%2%-1%3%3%4%4%5%2%2%2%
Net income / shareholders’ equity11%8%-5%11%10%19%21%25%13%8%12%
Research & Development / sales16%14%19%19%21%19%16%18%17%18%19%