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First half 2005 financial results

Press release

FACTS AND FIGURES / FINANCE

September 20, 2005

  • Current operating income stable at 8.0% of sales revenue
  • Operating income slightly down at €368M (6.8% of sales)
    • Nuclear: up by 5.9%
    • T&D: decrease due to increasing expenses of the optimization plan
    • Connectors: up by 22%, excluding non-recurring items
  • Consolidated net income up slightly to €301M (+2.7%)
  • High level of operating free cash flow1 : €535M
  • The cash position calculated according to IFRS indicates net debt of €416M as of June 30, 2005

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