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€ millions

Q2 2006

Q2 2005

Change
in %

EBIT

29.7

26.5

+ 12

Interest result

2.1

1.3

+ 62

Earnings before taxes

31.8

27.8

+ 14

Net income

19.4

16.0

+ 21

Earnings per share (in euro)

0.69

0.59

+ 17

 

Operating margin climbs to almost 25 percent
Our financial performance was boosted by sustained sales growth, an optimized product mix and continued focus on cost efficiency. Accordingly, operating income (EBIT) climbed 12 percent in the second quarter to €29.7 million (prior year: €26.5 million), despite an increase in expenses of over 20 percent resulting from intensification of our marketing efforts. The operating EBIT margin amounted to 24.5 percent (prior year: 24.0 percent).

During the quarter net income also continued to grow, increasing by 21 percent to €19.4 million. Earnings per share rose to €0.69 (prior year: €0.59), in spite of the fact that 809,235 additional shares were outstanding in the period under review.

 
 
     
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