2004 earnings

Press release

FACTS AND FIGURES / FINANCE

March 08, 2005

• Sales up 35%: €11,109m
  • Impact from T&D acquisition in January 2004: + 35%
  • Internal growth: + 4.1 %
• Operating income up 79%: €613m
  • Recovery confirmed in the Connectors business: €80m (6.2% of sales)
  • Increase in the Nuclear business: €581m (8.8% of sales)
  • Low profitability in the T&D business: €31m (1% of sales)
• Consolidated net income up 10%: €428m
• Positive net cash position: €689m
• Dividend proposed to the General Meeting of Shareholders: 9.59 euros