In the business year 2004, Vishay had a turnover of 2.41 B US$ and thus exceeded the results of the previous year by 11%. The profit was 44.7 M US$ and is 67 % more than in 2003. The fourth quarter resulted in a turnover of 541.6 M US$ with a loss of 54.5 M US$. The losses in the fourth quarter 2004 are attributable mainly to the costs of restructuring. Except for the fourth quarter, CEO Dr. Paul is very satisfied with the results. As 2004 represents the second best operative results in the history of Vishay, he expects that 2005 will develop well.