Halfyear results 2003

P&L-account as of 30/06/2003 - 30/06/2002
Consolidated key figures

(in million euro)

30/06/2003
(6 months)

30/06/2002
(6 months)

% change

Total turnover

95.6

98.1

-2.55%

Total operating profit (EBIT)

4.3

4.1

4.88%

Cashflow from operations (EBITDA) (1)

7.4

7.0

5.71%

Financial result

-2.7

-4.9

-44.90%

Current profit before taxes

1.6

-0.8

N/A

Exceptional result

-0.1

-0.1

0.00%

Result of the year before taxes

1.5

-0.9

N/A

Net income

0.9

-0.4

N/A

Current profit after taxes (2)

1.6

0.2

700.00%

Net cashflow (3)

4.7

3.1

51.61%

(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.

Consolidated key figures per share

(in million euro)

30/06/2003
(6 months)

30/06/2002
(6 months)

% change

Cashflow from operations (EBITDA) (1)

-37.93%

Current profit after taxes (EPS) (2)

Net cashflow

Equity

Number of shares (end of period)

Number of shares (average)

(in million euro)

30/06/2003
(6 months)

30/06/2002
(6 months)

% change

Equity

Net financial debt

45.5

45.1

0.89%

Total assets

153.1

165.1

-7.27%