PPT Slide
Operating Margin %*
- Turnaround Target: 12-15%
- Staff Cost Target = 56%-58%
- O&G Target (includes amortization of intangibles) = 27%-29%
- Key Milestone: 125-150 basis point improvement in each of 2004 and 2005 vs. the prior year
- Progress:
- 2Q ’04 excluding impairment, restructuring and motorsports charges, did not advance due to financial and management control expenses
- 1H ’04 excluding charges operating margin expansion
*Definition = Operating Income (Loss) / Revenue