– Gross sales up 8.3% to a record CHF 4 497 million (net sales: +7.8%).

– Brilliant performance in Group’s core business, Watches and Jewelry segment.

– Growth surge of over 50% in jewelry sector.

– Record operating profit of CHF 735 million and high operating margin of 17.1%.

– Net income up 21.3% to CHF 621 million.

– Strong operating and free cash flow.

– Proposed dividend distribution increased by 42.9%, bearer shares CHF 2.50 (previous year CHF 1.75) and registered shares CHF 0.50 (previous year CHF 0.35).

– Previous share buyback program totaling CHF 250 million concluded. Annual General Meeting 2006 proposal for a corresponding capital reduction through share cancellation.

– New share buyback program for a total value of CHF 300 million.

– Promising start to 2006, outlook for the current year optimistic.


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