Segment performance
During the first quarter, business performance in banking saw revenue increase 12% to
€ 290 million (previous year: € 259 million), driven mainly by the significant growth in Germany and the Americas as well as overall solid growth in the product business. Q1 EBITA reached € 29 million, € 3 million (12%) ahead of the same period last year.
The retail segment saw Q1 revenue move 1% ahead to € 198 million (previous year:
€ 196 million), benefiting from excellent business at the end of calendar 2005, enabling it to achieve volumes of revenue ahead of last year’s equivalent which, at the time, was aided by exceptional items. EBITA in Q1 was up € 1 million (11%) to € 10 million.

