AMs annual result in line with expectations (NL)

AM NV closed 2005 in line with the previously announced profit forecast. Operating income for 2005 is expected to be some € 1.4 billion. AM anticipates an operating profit of €135–145 million and a net profit of around €85–90 million. These figures are subject to audit.

The weighted average number of shares in issue increased to approximately 91.6 million and so earnings per share is expected to be about €0.95–1.00. The operating margin (operating profit as a percentage of operating income) was some 10%. All of these figures are issued subject to unforeseen events.

After the decline in the results in 2004, these provisional figures for 2005 are in line with the results for the first nine months of this year and are also in accordance with the forecast for the full year 2005. On publishing the annual figures for 2004 in March 2005, the half-year figures in August 2005 and the trading update further to the figures for the third quarter in December 2005, AM forecast growth in earnings per share for 2005 and an average operating margin for the period 2005–2007 of 8–10%.

Source: AM NV

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