Key Figures Half-Year 2006 of Charles Vögele Group

CHF million 1st Half-Year 2005 1st Half-Year 2006 Change in %
Net sales 664.5 627.6 -6%
Changes in net sales adjusted for expansion in % +2% -7%  
Gross profit from fashion retail 406.7 382.3 -6%
Gross profit in % of net sales 61.2% 60.9%  
Operating earnings before depreciation (EBITDA) 80.9 52.9 -35%
Operating earnings (EBIT) 54.1 26.6 -51%
Net profit 33.6 13.5 -60%
       
Cash flow from operating activities 43.6 1.0  
Net cash used by investing activities (10.1) (31.2)  
Free cash flow 33.5 (30.2)  
       
Number of stores as of 30 June 787 789 -
Sales area as of 30 June, in m2 594 472 602 908 +1%
Net sales per m2 sales area in CHF (1) 1 120 1 044 -7%
       
Number of employees as of June 30th (2) 7 201 7 207 -
Average number of full-time employees on a half-year basis (2) 4 736 4 805 +1%
Net sales per average number of full-time employees in CHF (4) 140 309 130 624 -7%
       
CHF million 30.6.2005 31.12.2005 30.6.2006
Net debt 199.1 138.9 171.1
Shareholders’ equity 498.9 529.2 522.0
Balance sheet total 937.1 912.3 942.8
Shareholders’ equity in % of balance sheet total 53% 58% 55%

(1) Calculated on the basis of average m2 sales area per month
(2) Excluding apprentices