| in millions of Euro unless stated otherwise |
| Sales |
|
|
|
|
|
| France |
3,397 |
3,137 |
2,991 |
2,867 |
2,782 |
| UK |
1,113 |
977 |
874 |
840 |
679 |
| Netherlands |
608 |
588 |
518 |
478 |
486 |
| Belgium |
494 |
450 |
401 |
395 |
267 |
| Spain |
424 |
378 |
340 |
308 |
369 |
| Other Europe |
801 |
708 |
627 |
570 |
476 |
| USA |
680 |
686 |
579 |
513 |
447 |
| Australia & New Zealand |
390 |
344 |
307 |
260 |
222 |
| Canada |
252 |
179 |
54 |
44 |
60 |
| Latin America, Asia, Middle East and Africa |
273 |
213 |
160 |
200 |
182 |
| |
8,432 |
7,660 |
6,851 |
6,475 |
5,970 |
| Operating income |
|
|
|
|
|
| France |
128 |
110 |
96 |
88 |
78 |
| UK |
72 |
57 |
52 |
53 |
47 |
| Netherlands |
30 |
20 |
14 |
9 |
11 |
| Belgium |
24 |
20 |
15 |
14 |
4 |
| Spain |
16 |
10 |
7 |
5 |
4 |
| Other Europe |
35 |
21 |
14 |
14 |
7 |
| USA |
40 |
44 |
35 |
21 |
14 |
| Australia & New Zealand |
27 |
21 |
16 |
11 |
9 |
| Canada |
16 |
10 |
3 |
2 |
2 |
| Latin America, Asia, Middle East and Africa |
7 |
5 |
6 |
10 |
9 |
| |
395 |
318 |
258 |
227 |
185 |
| Non recurring items |
29 |
5 |
|
18 |
|
| Corporate expenses |
-26 |
-29 |
-26 |
- 14 |
- 11 |
| |
398 |
294 |
232 |
231 |
174 |
| Operating margin 2) |
4.4% |
3.8% |
3.4% |
3.3% |
2.9% |
| Finance costs |
-36 |
-32 |
- 26 |
- 41 |
- 45 |
| Net income 3) |
236 |
186 |
158 |
116 |
81 |
| Key figures per ordinary share 3) |
|
|
|
|
|
| Net earnings after deduction of preference payments 2) |
1.33 |
1.06 |
0.84 |
0.63 |
0.47 |
| (Proposed) dividend |
0.36 |
0.30 |
0.25 |
0.20 |
0.16 |
| Average number of outstanding ordinary shares of G0.05 (x 1,000) |
173,138 |
170,694 |
167,893 |
165,506 |
163,545 |
| Balance sheet |
|
|
|
|
|
| Intangible assets |
33 |
31 |
23 |
30 |
|
| Goodwill |
1,182 |
1,082 |
940 |
792 |
819 |
| Property and equipment |
91 |
82 |
70 |
68 |
116 |
| Operating working capital 4) |
539 |
562 |
523 |
458 |
478 |
| Total equity |
1,308 |
1,159 |
1,030 |
905 |
826 |
| Net interest-bearing assets and liabilities |
-493 |
-558 |
- 536 |
- 488 |
- 587 |
| Cash flow |
|
|
|
|
|
| Cash flow from operating activities |
260 |
206 |
113 |
114 |
134 |
| Purchase of property and equipment |
51 |
53 |
34 |
29 |
30 |
| Acquisition of subsidiaries |
-126 |
-157 |
-49 |
-25 |
-13 |
| Other information |
|
|
|
|
|
| Average number of full-time equivalents |
15,933 |
14,366 |
12,779 |
11,905 |
11,424 |
| Number of staffing branches |
2,530 |
2,433 |
2,276 |
2,245 |
2,225 |
1) Amounts are under Dutch GAAP and exclude goodwill amortisation and extraordinary items.
2) Excluding non recurring items.
3) 2003 and 2004 before change of accounting policy for minority interest.
4) Operating working capital excludes short-term interest bearing assets and liabilities.