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EXHIBIT 1 - FINANCIAL HIGHLIGHTS AND SELECTED COMPARATIVE FINANCIAL DATA
In US Dollars and Euros(1)
Year ended December 31,
(millions, except per share data and
full-time equivalents) 1995 1996 1997 1998(2) 1999 1999
EUR EUR EUR EUR EUR US$
Operations
Net sales: 304.4 298.7 321.6 288.1 414.5 415.5
Front-End 155.4 163.9 152.6 132.9 181.7 182.2
Back-End 149.0 134.8 169.0 155.2 232.8 233.3
Earnings (loss) from operations,
before one-time charges: 56.3 45.0 25.7 12.5 43.2 43.3
Front-End 25.7 24.9 -- (1.6) 3.0 3.0
Back-End 30.6 20.1 25.7 14.1 40.2 40.3
One-time charges(3) -- -- (79.7) -- (3.9) (3.9)
Earnings (loss) from operations 56.3 45.0 (54.0) 12.5 39.3 39.4
Net earnings (loss) 33.4 31.0 (70.5) 0.2 11.1 11.2
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Balance sheet
Net working capital(4) 48.6 79.8 98.7 99.9 110.2 110.4
Total assets 233.9 277.7 328.6 282.9 425.0 426.0
Long term debt(5) 38.9 39.9 46.6 84.7 8.0 8.0
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Backlog: 137.8 79.1 110.5 52.8 183.7 184.1
Front-End 75.6 52.5 54.5 27.0 72.5 77.6
Back-End 62.2 26.6 56.0 25.8 111.2 111.5
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Staff
Full-time equivalents:(6) 4,037 4,140 4,514 4,436 5,426 5,426
Front-End 786 898 860 756 798 798
Back-End 3,251 3,242 3,654 3,680 4,628 4,628
Staff costs: 64.5 79.0 93.3 94.4 108.4 108.6
Front-End 33.2 42.5 49.4 42.8 51.5 51.6
Back-End 31.3 36.5 43.9 51.6 56.9 57.0
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Data per share
Earnings (loss) per share from operations,
before one-time charges:
Basic 1.79 1.42 0.78 0.37 1.16 1.16
Diluted(7) 1.66 1.34 0.78 0.36 1.06 1.06
Net earnings (loss) per share:
Basic 1.06 0.98 (2.12) 0.01 0.30 0.30
Diluted(7) 0.98 0.92 (2.12) 0.01 0.29 0.29
Weighted average number outstanding:
Basic 31,428 31,566 33,232 33,794 37,301 37,301
Diluted(7) 33,966 33,717 33,232 34,743 40,664 40,664
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(1) For the convenience of investors, Financial Highlights and Selected
Comparative Financial Data for 1999 have been converted into US Dollars
using the exchange rate as of December 31, 1999 (US$1.00 = EUR 0.9977).
Balances prior to January 1, 1999 were restated from Netherlands guilders
into Euros using the fixed exchange rate as of January 1, 1999 (EUR 1.00 =
Nig 2.20371), see Note A to Consolidated Financial Statements.
(2) The 1998 Financial Statements have been restated. See Notes S to
Consolidated Financial Statements.
(3) One time charges reflect: 1999 - restructuring costs; for 1997 - litigation
settlement.
(4) Accounts receivable, inventories, other current assets, accounts payable,
accrued expenses and advance payments from customers.
(5) Long term debt includes subordinated long term debt.
(6) Number of staff, calculated on a full time basis.
(7) 1995 number of shares are restated to give effect to the March 1996 3-for-1
stock split. The calculation of diluted earnings per share includes an
assumed exercise of all common stock equivalents. Only instruments that have
a dilutive effect on net earnings are included in the calculation. Due to
the loss reported in 1997, no dilutive common stock equivalents have been
reflected in the dilutive weighted average number of shares for that year.