Hoogte punten 2006
Amounts in € million 2006 2005 Increase Organic GrowthŒ
Sales 7,659.7 6,851.3 +12% +8%
Gross Profit 1,429.1 1,227.3 +16% +11%
Operating Income 289.6 232.5 +25% +17%
Net IncomeŽ 181.7 143.1 +27%
Net Income per share (in Euro)Ž 1.06 0.84 +26%

Operating margin increased by 40 basis points to 3.8%
· Global network extended to 49 markets (2005: 44)
· Proposed dividend of €0.30, a 20% increase from 2005

Hoogte punten 4e kw.
Amounts in € million 2006 2005 Increase Organic GrowthŒ
Sales 1,997.1 1,794.7 +11% +8%
Gross Profit 390.7 338.4 +15% +12%
Operating Income 83.4 68.5 +22% +18%
Net IncomeŽ 56.0 43.0 +30%
Net Income per share (in Euro)Ž 0.33 0.25 +32%

Conversion ratio improves to 21.3% (Q4 2005: 20.2%)
· Strong growth in permanent placement fees; up 30%
· Four acquisitions completed (making twelve acquisitions for the year)
ΠUnless otherwise stated, all growth percentages quoted in this media release have been calculated on an organic basis which excludes the impact of currency effects, acquisitions and disposals.
 Excluding profit from the disposal of investments.
Ž We have changed our policy for accounting for minority interests. Prior year results have been restated accordingly.
Please refer to page 13 for further details.

CEO’s Statement
Zach Miles said, “In 2006, Vedior continued to expand its geographic coverage and made important acquisitions in professional/executive recruitment sectors. During the year, we completed, on average, one acquisition per month.
Our focus on improving our business mix and profitability has led to an excellent improvement in operating income for the year and put us on track to achieve our operating margin targets. This has been achieved during a period when we have made major investments in our business for future
growth.”

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