Operating in a favorable economic climate, the Group was able to increase consolidated net revenues by 18.3% to CHF 1 507.0 million (previous year: CHF 1 273.6 million). The growth was most marked in Sheet Metal Processing Systems, but all the other business units reported higher revenues as well. Europe remains the most important market region, with a 69.1% share of sales, followed by Asia with 14.3%. Operating profit (EBIT) rose from CHF 80.6 million to CHF 132.1 million. The operating margin was 8.8%. Group profit was up from CHF 71.1 million to CHF 161.4 million. This includes an extraordinary profit of CHF 56.5 million, arising primarily from the proceeds of a real estate sale in Wallisellen. An increase in the dividend from CHF 45 to CHF 70 per bearer share will be proposed to the Shareholders' Meeting on April 29, 2008.
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