Financial targets

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	FAS 2003	2004	2005	2006	2007	Target on average
Profitability
Profit before taxes, EUR million	35.8	30.9	38.6	50.2	76.5
ROI, %	27.7	21.4	25.8	31.1	41.7	=> 20.0 %
Earnings
Earnings per share, EUR	0.45	0.36	0.45	0.58	0.88
Earnings per share, annual growth, %	100.0	-21.1	26.8	29.9	51.7	=> 15.0 %
Balance sheet
Gearing,%	-40.7	-37.4	-36.1	-37.6	-47.4	< 30.0 %
Dividend
Dividend, EUR	0.375	0.30	0.325	0.50	0.65 1)
Pay-out ratio, %	83.3	84.5	72.2	86.2	73.9 1)	=> 50.0 %

1) Board of Directors' proposal

Calculation of key figures