PDF, 1.2 MB - Pfleiderer AG

18 being focused: being better
Earnings
2002 2001
million euros % of million euros % of
sales sales
Sales 1,028.4 100.0 1,042.0 100.0
Foreign share in percent 48.4 48.1
Cost of sales – 755.3 – 73.4 – 736.6 – 70.7
Gross result 273.1 26.6 305.4 29.3
Other operating expenses – 164.2 – 16.0 – 164.6 – 15.8
Investment income 0.6 0.1 0.1 0.0
EBITDA 109.5 10.6 140.9 13.5
Depreciation, amortization on long-lived and financial assets – 60.6 – 5.9 – 63.0 – 6.0
EBIT 48.9 4.8 77.9 7.5
Interest – 15.3 – 1.5 – 22.7 – 2.2
EBT of continued operations 33.6 3.3 55.2 5.3
Taxes on income and earnings – 13.2 – 1.3 – 9.2 – 0.9
Results of continued operations before minority interest 20.4 2.0 46.0 4.4
Losses from discontinued operations – 52.5 – 5.1 – 14.2 – 1.4
Taxes on discontinued operations – 3.0 – 0.3 – 4.2 – 0.4
Results before minority interests – 35.1 – 3.4 27.6 2.6
Minority interests – 4.6 – 0.5 – 3.4 – 0.3
Results after minority interests – 39.7 – 3.9 24.2 2.3
The Pfleiderer Group reported sales of 1,028.4 million euros in fiscal 2002 for its continued
operations, the Wood-Based Panels and Infrastructure Technology Business Centers. This is
a slight drop compared to the previous year of 1,042.0 million euros. Foreign sales already
contribute 48 percent of total Group sales. The economic situation remained difficult, even
though Pfleiderer Wood-Based Panels compensated for low price levels in Germany through