pdf, one , imasges

Operating Results Gross Sales (CHF million / %)

%

+21.7%

onsta nt Rates

(2011)

7,143

At C

+1

l To t a0.9%

Curre

nc y

Ef

-10 fec .8

t

6,

(2 440 01 0)

Watches & Jewellery Gross Sales (CHF million / %)

%

At

Co

ns

tan tR

ate

+26.1 s %

To t a l

+14.1%

Curre

nc y

Ef

-12 fec .0

t

(

9 30 ) 6, 2011

5,5 3

(20 2 10)

Electronic Systems Gross Sales

(2040 10 )

(CHF million / %)

.3

%

At C ons t an tR -1 ate 6

4

s

-2

3

ta l To. 6 %

Cu rr e

n

cy

t fec Ef -7.3%

3

(2 36 01 1)

Production Gross Sales (CHF million / %)

Cu

fect y Ef-0.4% c n rre

al To t 2.6% +3

(2

15 2,0 011)

s te % a 0 t R+33. n ta ns o At C

1520

(2010)