APC 2001 Annual Report Download - page 9

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Annual Report 2001 ●Financial Highlights 6•7
Operating margin
by core business
in % of sales
The operating margins in our core
businesses continue to compare very
favorably with those recorded by the
benchmark companies in our industry.
The industrial control and automation
business was affected by the decline
in capital spending in 2001.
2001
2000
1999
2001
2000
1999
13.2
13.1
12.5
13.8
11.5
8.7
Electrical Distribution Industrial Control and Automation
We achieved high operating margins in Europe (including France)
and the rest of the world. In North America, however, the exceptional
decline in sales had a negative impact on the region’s operating margin.
Operating margin
by geographic division
in % of sales
2001
2000
1999
13.1
12.8
12.0 2001
2000
1999
2001
2000
1999
2001
2000
1999
14.5
14.9
14.3
14.0
13.8
8.0
11.9
7.7
13.5
Europe (outside France) France
North America International