Quarterly Key Figures 2005

in CHF million	Q1/2005	Q2/2005	Q3/2005	Q4/2005	2005
Net sales	79.0	77.4	74.8	80.2	311.4
Operating income (EBIT)	4.8	1.4	0.3	6.1	12.6
Net profit (loss)	3.9	2.3	0.6	5.6	12.4
Order intake	69.0	63.6	70.3	89.7	292.7
Order backlog	67.2	53.8	51.6	58.8	58.8
Book-to-Bill	0.87	0.82	0.94	1.12	0.94

When totaling rounded amounts, differences due to this rounding can occur.
 

Consolidated statements of income (unaudited)

in CHF 1000	Mar-05	Jun-05	Sep-05	Dec-05	2005
Net sales	78 956	77 492	74 767	80 174	311 389
Cost of goods sold	(48 674)	(52 717)	(49 905)	(47 561)	(198 857)
Gross profit	30 282	24 775	24 862	32 613	112 532
Other income	69	55	37	187	348
Research and development expenses	(12 705)	(10 469)	(12 406)	(11 840)	(47 420)
Sales and marketing expenses	(6 121)	(6 537)	(6 034)	(7 042)	(25 734)
Administration expenses	(6 717)	(6 399)	(6 138)	(7 829)	(27 083)
Profit from operations (EBIT)	4 808	1 425	321	6 089	12 643
Interest and other financial income (expenses)	534	1 290	514	456	2 794
Profit before income taxes	5 342	2 715	835	6 545	15 437
Income taxes	(1 472)	(336)	(233)	(994)	(3 035)
Consolidated profit for equity holders of SEZ Holding Ltd.	3 870	2 379	602	5 551	12 402

 

Consolidated balance sheets (unaudited)

in CHF 1000	3/31/05	6/30/05	9/30/05	12/31/05
Assets
Non-current assets
Property, plant and equipment	80 970	85 972	91 107	97 898
Intangible assets	20 785	19 940	19 176	18 361
Investments in affiliates	5	5	5	5
Other financial investments	2 317	3 361	3 393	4 051
Deferred tax assets *	9 314	8 479	9 028	11 379
Total non-current assets	113 391	117 757	122 709	131 694
Current assets
Inventories, work in progress	95 372	93 165	82 438	82 675
Trade receivables	101 933	106 072	104 169	133 527
Other receivables	10 978	11 089	10 178	8 944
Financial investments	28 851	29 875	30 018	30 711
Cash and cash equivalents	150 211	162 442	178 689	167 312
Prepaid expenses	4 624	3 073	2 647	1 094
Total current assets	391 969	405 716	408 139	424 263
Total assets	505 360	523 473	530 848	555 957
Liabilities and equity
Equity
Share capital	16 740	16 740	16 740	16 740
Capital reserves	278 954	277 528	276 862	276 651
Treasury shares	(3 876)	(3 087)	(2 686)	(2 774)
Translation reserve	(7 466)	(4 796)	(4 319)	(3 431)
Retained earnings	107 980	110 359	110 961	116 512
Total equity attributable to equity holders of SEZ Holding Ltd.	392 332	396 744	397 558	403 698
Liabilities
Non-current provisions	8 286	9 265	11 268	12 236
Non-current debt	28 353	28 347	39 478	37 699
Other non-current liabilities	143	140	137	132
Deferred tax liabilities	609	301	303	172
Total non-current liabilities	37 391	38 053	51 186	50 239
Trade payables	17 666	12 732	17 115	22 108
Current debt	17 034	34 435	30 537	38 165
Current income tax liabilities	11 038	9 868	3 757	6 733
Current provisions	9 245	9 208	8 510	6 261
Other current liabilities	16 274*	18 470	18 180	25 324
Accrued expenses and deferred income	4 380	3 966	4 005	3 429
Total current liabilities	75 637	88 679	82 104	102 020
Total liabilities	113 028	126 732	133 290	152 259
Total liabilities and equity	505 360	523 476	530 848	555 957

* adapted acc. to reclassifications as of Dec. 31, 2005

The unaudited interim financial reporting for the periods ended have been prepared  in accordance with the accounting policies set out in the Financial Report for the year ended 31 December 2004.