Income statement

Consolidated profit and loss account 2004
EUR x 1,000,000	2004	2003
Net turnover	860.8	903.9
Changes in finished products and work in progress	(4.5)	(1.0)
Total operating income	856.3	902.9

Costs of raw materials and consumables	(320.4)	(324.3)
Contracted work and other external costs	(52.3)	(55.5)
Added value	483.6	523.1

Personnel costs	(292.2)	(290.0)
Amortisation of intanglible fixed assets	(2.0)	(1.4)
Depreciation of tangible fixed assets	(37.0)	(38.9)
Other operating costs	(108.3)	(122.5)
Total operating expenses	(439.5)	(452.8)

Operating result	44.1	70.3

Financial income and expense	(11.6)	(15.4)
Group result from normal business operations before taxation	32.5	54.9
Taxation on group result from normal business operations	(11.6)	(20.4)
Group result from normal business operations after taxation	20.9	34.5
Share of third parties in group result after taxation	(0.4)	(0.4)

Result after taxation	20.5	34.1

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	177,350	163,900

EUR x 1
Earnings per share	2.78	4.56
Diluted earnings per share	2.77	4.55
Earnings per share before amortisation of goodwill	3.05	4.74