Annual Report 2006 - Munters

Pro forma 2GEOGRAPHIC REGIONS 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997EuropeNet sales, SEK M 3,412 3,056 2,705 2,658 2,731 1,949 1,674 1,404 1,325 1,191Growth, % 11.6 13.0 1.8 –2.7 40.2 16.4 19.3 6.0 11.2 11.4Operating capital, SEK M 1,016 962 894 898 996 717 698 582 480 409Number of employees at year-end 2,331 2,144 2,056 2,090 2,156 1,662 1,470 1,347 1,153 1,107AmericasNet sales, SEK M 1,872 1,683 1,501 1,347 1,577 1,592 1,231 970 885 790Growth, % 11.2 12.1 11.4 –14.6 –0.9 29.4 26.9 9.6 12.1 15.2Operating capital, SEK M 388 583 409 338 399 483 428 355 307 264Number of employees at year-end 830 754 726 663 701 621 647 559 591 536AsiaNet sales, SEK M 529 484 419 372 427 408 335 279 238 262Growth, % 9.3 15.6 12.7 –12.9 4.7 21.8 20.1 16.9 –9.0 26.7Operating capital, SEK M 176 181 154 168 158 139 130 117 113 95Number of employees at year-end 372 330 265 299 316 284 245 227 223 2111Financial statements from 2004 have been prepared in accordance with IFRS. The main difference compared with prior accounting principles is that goodwill is no longer amortized according to plan.2Pro forma refers to the Group structure that was created in conjunction with the exchange listing in October 1997.3Excluding items affecting comparability in an amount of SEK 15 M relating to surplus funds from pension management in Alecta.4From 1 January 2006, Munters has changed its accounting in accordance with the changes in IAS 19 (refer to Note 2, item 2.4). Key fi gures for 2005 are restated to comply with changes.Defi nitions are presented on page 67. M U N T E R S A N N U A L R E P O R T 2 0 0 6