For fiscal year 2006 we expect further sales growth and another improvement of our operating profit.

We are pleased with the sales and profit growth we have generated across all of our trading blocs. We have also started to see success from our commitment to innovation and the recent introduction of new products that have resulted from that strategy.

We are very pleased with our double-digit retail and wholesale sales growth and continuing strong margin improvement in these businesses.

This strategic move will further strengthen our position as a safety and systems supplier to the automotive industry and will give us a real push forward in automotive electronics.

The next big thing in the industry is more sophisticated communications between vehicles.

Merck has been hopelessly disappointing. The profit development is significantly below forecasts despite higher sales.