Company Key Figures

In MEUR	2003	2002	2001	20001)
Order Intake	1,394	1,300	1,121	1,083
Order Backlog as of 31.12.	1,054	904	740	939
Sales	1,225	1,110	1,319	937
EBITDA2)	84	81	95	63
EBITA3)	63	59	68	44
Operating Result (EBIT)	49	45	55	34
Earnings before Taxes (EBT)	49	46	60	34
Net Income after Minorities	29	26	34	18
Cash flow from Operating Activities	5	76	72	43
Capital Expenditure4)	21	23	24	21
Employees as of 31.12.	4,771	4,601	4,545	4,241
(excluding apprentices)
Fixed Assets	279	293	317	339
Current Assets	688	617	625	595
Shareholders' Equity5)	232	223	230	161
Provisions	150	145	159	149
Liabilities	577	536	544	564
Balance sheet total	967	910	942	934
EBITDA Margin (%)	6.9	7.3	7.2	6.7
EBITA Margin (%)	5.1	5.3	5.2	4.7
EBIT Margin (%)	4.0	4.1	4.2	3.6
Net profit after Minorities/Sales (%)	2.4	2.4	2.6	1.9
ROE (%)6)	12.5	11.6	14.8	11.2
Equity Ratio (%)	24.0	24.5	24.4	17.2
EV7)/EBITDA	5.2	2.4	2.1	-
Depreciation/Sales (%)	1.7	2.0	2.0	2.0
Amortization/Sales (%)	1.2	1.2	1.0	1.1

financial-figures-2.htm

Notes:
1) Including Andritz-Ahlstrom as of 1 July 2000
2) EBITDA: Earnings before interest, taxes, depreciation and
     amortization of goodwill
3) EBITA: Earnings before interest, taxes and amortization
     of goodwill
4) Additions to tangible and intangible assets
5) Equity excl. minority interests
6) ROE (Return on equity): Net profit after minorities/shareholders’ equity
7) Enterprise value: market capitalization based on year-end
     closing price minus net liquity