annual general meeting 25 july 2001 lord marshall of knightsbridge chairman allen yurko chief executive 3 geographical analysis ongoing group 00 01 sales by destination operating profit 8 22 55 13 2 asia pacific north america rest europe uk world 9 16 14 1 60 4 92 94 96 98 100 102 104 106 108 1990 1992 1994 1996 1998 2000 current market environment us lead indicators worst industrial recession since 1970s production last 12 months 140 141 142 143 144 145 146 147 148 149 150 jun aug oct dec feb apr source government figure capital equipment demand index utilisation lehman brothers 5 appliance and electronics markets invensys major in turmoil industry manufacturers semiconductor 18 0 10 6 jan mar may aham