March 27, 2012

FY 2011 Results

2011 : an impressive performance

  • 2011 sales of over €1 billion, up 5.6% at constant exchange rates
  • 2011 current operating margin1: 25.6% of sales
  • 2011 net margin2: 15.4% of sales (16.7% of sales excluding provision for optimisation)
  • Dividend: €3.90 per share


OUTLOOK FOR 2012

  • 2012 sales expected to grow by at least 2% at constant exchange rates
  • Expected 2012 current operating margin of around 25.5% of sales


1 Current operating margin = Current operating income / Sales
2 Net margin = net income / sales