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Growth markets account for 11 percent of total sales
In the North America/Northern Europe region, we generated sales of €56.6 million (prior year: €52.5 million). The licensing business was the primary growth driver with an increase of 22 percent to €20.1 million. The high-margin licensing business fuelled the EBITA generated in this region, which grew 13 percent to €17.7 million.

Sales increased even more in the Central and Eastern Europe/Asia region with a rise of 24 percent over the prior year quarter to €35.7 million. This growth was almost exclusively attributable to the licensing business, which doubled from €7.6 million to €15.7 million. EBITA for this region developed accordingly, tripling to €9.7 million in comparison with the previous year.

In Southern and Western Europe/Latin America, sales amounted to €29.1 million in the second quarter of 2006. Professional services developed particularly well, while a number of major licensing projects were delayed. The slightly negative EBITA (€– 0.1 million) is due to future-oriented capital expenditure aimed at developing emerging growth markets and mainly resulted from business expansion expenses in Latin America as well as from expenses related to our activities to increase penetration in the markets in the Middle East. The growth markets of Latin America, Eastern Europe and the Middle East/Asia contributed 11 percent to Group sales in the second quarter.

  Revenue and earnings trend by region*

€ millions

Revenue

EBITA

 

Q2 2006

Q2 2005

Q2 2006

Q2 2005

North America/Northern Europe

56.6

52.5

17.7

15.7

Central and Eastern Europe/Asia

35.7

28.5

9.7

3.6

Southern and Western Europe/Latin America

29.1

29.7

- 0.1

4.4

 

* As of January 2006, certain sales territories were reallocated to other regions. In order to ensure comparability, the figures for 2005 have been presented in accordance with the new structure.

 
 
 
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