1st quarter results 2003

P&L-account as of 31/03/2003 - 31/03/2002
Consolidated, unaudited key figures

(in million euro)

31/03/2003
(3 months)

31/03/2002
(3 months)

% change

Total turnover

44.5

47.7

-6.71%

Total operating profit (EBIT)

1.4

0.3

366.67%

Cashflow from operations (EBITDA) (1)

2.6

1.5

73.33%

Financial result

-1.3

-1.4

-7.14%

Current profit before taxes

0.1

-1.2

N/A

Exceptional result

0.0

0.0

N/A

Result of the year before taxes

0.1

-1.2

N/A

Net income

0.0

-0.9

N/A

Current profit after taxes (2)

0.3

-0.6

N/A

Net cashflow (3)

1.6

0.6

166.67%

(1) EBITDA = earnings before interest, taxes, depreciation and amortization; Operating profit plus amounts written off on stocks, trade debtors and provisions for liabilities and taxes.
(2) The current profit after tax is the net profit excluding extraordinary gains and losses (both adjusted for taxes) and including the amortization on adjustments on consolidation.
(3) The net cashflow is the net result increased with depreciations, writeoffs on inventories, trade debtors and provisions for liabilities and charges and increased with goodwill amoritization.