Financial year ended 31 December, in millions of Euro
|
2005 |
2004 |
Change |
Organic |
|
|
|
in % |
growth |
By geography |
|
|
|
|
|
|
|
|
|
France |
2,991 |
2,867 |
4% |
5% |
UK |
874 |
840 |
4% |
5% |
US 2) 5) |
579 |
513 |
13% |
17% |
Netherlands |
518 |
478 |
8% |
12% |
Rest of Europe |
1,368 |
1,273 |
7% |
7% |
Rest of World 2) 3) |
521 |
504 |
3% |
17% |
Sales |
6,851 |
6,475 |
6% |
7% |
| |
|
|
|
|
France |
96 |
88 |
9% |
10% |
UK |
52 |
53 |
-2% |
-4% |
US |
35 |
21 |
62% |
57% |
Netherlands |
14 |
9 |
49% |
50% |
Rest of Europe |
37 |
33 |
13% |
8% |
Rest of World 3) |
24 |
23 |
5% |
16% |
|
258 |
227 |
15% |
11% |
Corporate expenses |
-26 |
-14 |
|
|
|
232 |
213 |
9% |
11% |
Special items 1) |
- |
18 |
|
|
Operating income 4) |
232 |
231 |
|
|
| |
|
|
|
|
| By sector |
|
|
|
|
IT 3) |
621 |
655 |
-5% |
14% |
Healthcare |
424 |
430 |
-2% |
-4% |
Engineering |
410 |
363 |
13% |
12% |
Accounting |
287 |
247 |
16% |
16% |
Education |
111 |
113 |
-1% |
1% |
Other sectors 5) |
408 |
330 |
23% |
22% |
Professional/executive |
2,261 |
2,138 |
6% |
10% |
Traditional |
4,590 |
4,337 |
6% |
6% |
Sales |
6,851 |
6,475 |
6% |
7% |
| |
|
|
|
|
IT 3) |
37 |
33 |
12% |
26% |
Healthcare |
24 |
30 |
-20% |
-24% |
Engineering |
24 |
19 |
27% |
24% |
Accounting |
13 |
7 |
88% |
94% |
Education |
15 |
15 |
-3% |
-2% |
Other sectors |
19 |
13 |
52% |
22% |
Professional/executive |
132 |
117 |
13% |
13% |
Traditional |
126 |
110 |
14% |
13% |
|
258 |
227 |
|
|
Corporate expenses |
-26 |
-14 |
|
|
|
232 |
213 |
9% |
11% |
Special items 1) |
- |
18 |
|
|
Operating income 4) |
232 |
231 |
|
|
Sales versus SG&A
1Q04 = 100 |
Operating income
In millions of Euro, excluding specal items |
 |
 |
|
|
Conversion ratio (excluding special items)
Operating income/Gross profit |
|
 |
|
| 1) |
Special items include the gain on the disposal of trinet in 2005( 15 million NET INCOME) and, in 2004, the gains on the disposal of niscom japan and sapphire france ( 7 million NET INCOME, 18 million included in operating income). |
| 2) |
From 2005, sales generated in the US by our Canadian company are reported in the US. The comparative numbers have been adjusted accordingly. |
| 3) |
The year 2004 included sales of €104 million and operating income of €4.8 million for Niscom, which was disposed of in September 2004. |
| 4) |
From 2005, Vedior applies a revised allocation of corporate expenses to the various segments. See note 3 of this page. Organic growth rates are adjusted, resulting in a like-for-like comparison. |
| 5) |
As of 2005, certain sales from the provision of managed services where Vedior acts as a ‘master-vendor’, are reported using the ‘net’ accounting method which only recognises the fee received on sales generated through sub-vendors. See note 2 of this page. Organic growth rates are adjusted, resulting in a like-for-like comparison. | |