North America/Northern Europe, South Africa
region most important market
From a geographic perspective, we recorded the
strongest sales growth in the North America/
Northern Europe region, where sales increased
12 percent net of currency effects to €44.0 million.
The license business was a key factor in this significant
growth with sales increasing by €3.4 million
to €13.7 million. The high-margin license business
boosted earnings and contributed considerably to
the significant growth in EBITA generated in this
In Central and Eastern Europe, we increased sales
by 2 percent to €26.4 million. The region Southern
and Western Europe achieved the same growth
rate and contributed €30.3 million to Group sales.
The decline in EBITA is partly a result of our market
entry in South America and the resulting start-up
expenses that arose as planned.