Business Performance
during the period October 1, 2005 – June 30, 2006
Highly successful first three quarters
- Net sales: Up 13% (12% after adjusting for currency movements)
- Operating profit (EBITA): Up 19%
- Net profit for the period: Up 45%
- Lower SG&A expenses ratio (selling, general and administration) compensates for fall in gross margin
- International growth driven by good business in Europe and Asia
- Strong levels of business in Germany
Forecasts for fiscal 2005/2006 firmed up
- Net sales: Up at least 10%
- EBITA: Up at least 15%