Income statement

Consolidated profit and loss account 2003
EUR x 1,000	2003	2002
Net turnover	903,865	954,486
Changes in finished product and work in progress	(997)	969
Total operating income	902,868	955,455

Total operating expenses	(832,557)	(882,791)

Operating result	70,311	72,664

Financial income and expense	(15,451)	(19,405)
Group result from normal business operations before taxation	54,860	53,259
Taxation on group result from normal business operations	(20,386)	(20,698)
Group result from normal business operations after taxation	34,474	32,561
Share of third parties in group result after taxation	(330)	(459)

Result after taxation	34,144	32,102

Amortisation of intangible fixed assets	1,367	826
Depreciation of tangible fixed assets	38,885	44,711

Cash flow	74,396	77,639

Number of ordinary shares of € 2.50 outstanding at the end of the period	7,518,535	7,518,535
Number of purchased ordinary shares of € 2.50 held in treasury at the end of the period	163,900

EUR x 1
Earnings per share	4.56	4.26
Diluted earnings per share	4.55	4.26
Earnings per share before amortisation of goodwill	4.74	4.37