APC 2005 Annual Report Download - page 6

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4
Key Figures
(๎€ billion)
9.89.1 8.810.311.7
2001 2002 20032004 2005
Consolidated sales up 13%
Our strong sales growth is due in part to organic
growth of 7.9%. This reflects the continuation of
a very favorable situation in the emerging countries,
a high pace of growth in North America and
increased demand in Western Europe.
The yearโ€™s acquisitions added 4.2%,
while the currency effect became slightly positive,
contributing 0.7%.
2001 2002 20032004 2005
(๎€ million and as a % of revenue)
1,116
11.4 %
1,040
11.5 %
1,007
11.5 %
1,286
12.4 %
1,565
13.4 %
Operating profit up 22%
Here too, the sharp rise stemmed primarily from organic
growth. On a constant structure and exchange rate basis,
operating profit rose 17%, thanks to strong volume
growth, effective price management, a significant rise in
industrial productivity and tight control over base costs.
Operating margin widened by one point to 13.4%.
Profitability improved noticeably in all regions and all
activities.
* Asia-Pacific, Rest of the World, Eastern Europe.
48%
18%
8%
26%
Emerging
markets*
30%
Europe
North America
Asia-Pacific
Rest of the world
Europe
North America
Asia-Pacific
Rest of the world
49%
20%
24%
7%
2005 sales by region
Emerging economies in Asia-Pacific, South America,
Africa, the Middle East and Eastern Europe
accounted for 30% of consolidated sales and
generated half of our organic growth in 2005.
These regions achieved average growth of 13%
over the year.
We continue to invest heavily in these high-potential
countries to maximize our market coverage and
strengthen our leadership positions.
Workforce by region
To foster professional development, we have
launched three-year competency plans and other
programs for all employees and created business-
specific training institutes.
An excellent performance in 2005
2001-2003: French GAAP
2004-2005: IFRS
Total workforce: 88,670