Overview

The Kudelski Group is a Swiss company, leader in data processing
and electronic solutions for pay TV and secured accesses. Evolving
in a rapidly and constantly changing technological environment,
the Kudelski Group has undertaken to renew the conception of
its annual reports.

The will to create year after year clear, original concepts has led to
the realization of one-of-a-kind annual reports. They reflect the quick development of the company, and express the spirit of innovation
of the Kudelski Group.

*