Form 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Private Issuer

Pursuant to Rules 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

Dated: ~~August~~February 1st, ~~2006~~2007

EPCOS AG

(Translation of registrant’s name into English)

St.-Martin Strasse 53

D-81669 München

Federal Republic of Germany

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ü Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes No ü

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-

This Report on Form 6-K contains:

- Press release on ~~third~~first quarter fiscal ~~2006~~2007 earnings

LOGO

Q1 Fiscal year 2007

earnings report

CONSOLIDATED FINANCIAL STATEMENTS

Contents

		Page
Interim Report on the Consolidated Financial Statements of EPCOS AG at June 30, 2006
Interim Report on the Consolidated Financial Statements of EPCOS AG at December 31, 2006
About EPCOS		3
Accounting principles		3
Business Development
Q3 2006: Sustained positive business development		4
Q1 2007: Sales and earnings up significantly year on year		4
Consolidated Financial Statements
Statements of income		9
Balance sheets		10
Balance Sheets		10
Statements of shareholders’ equity and comprehensive income		11
Statements of cash flow		12
Notes to unaudited interim consolidated financial statements		13

See accompanying notes to unaudited consolidated interim financial statements. 2 EPCOS AG

EPCOS AG

~~Interim~~CONSOLIDATED ~~Report~~FINANCIAL onSTATEMENTS ~~the Consolidated Financial Statements of EPCOS AG at June 30, 2006~~

Interim Report on the Consolidated Financial Statements of EPCOS AG at December 31, 2006

About EPCOS

EPCOS AG, is a leading manufacturer of ~~passive~~ electronic components ~~headquartered~~and inmodules ~~Munich,~~headquartered ~~is market leader~~ in ~~Europe and number two worldwide~~Munich. With its very broad portfolio EPCOS offers a comprehensive range of products from a single source and focuses on fast-growing and technologically demanding markets, in particular in the areas of information and communication technology, automotive electronics, industrial electronics and consumer electronics. The EPCOS Group has design, manufacturing and marketing facilities in Europe, ~~the~~Asia, ~~Americas~~and in North and ~~Asia~~South America.

~~Passive~~Electronic ~~electronic~~ components are found in virtually every electrical and electronic product ~~– from automotive~~ and ~~industrial~~are ~~electronics~~indispensible ~~through~~for ~~information~~their ~~and communications~~flawless ~~to consumer electronics~~operation. ~~Components~~Products from EPCOS store electrical energy, select frequencies, and protect against overvoltage and overcurrent.

In fiscal ~~2005~~2006 (October 1, ~~2004~~2005, to September 30, ~~2005~~2006), EPCOS posted sales of EUR 1.2431 billion. At September 30, ~~2005~~2006, the company employed about 1617,~~100~~900 people worldwide.

Accounting Principles

EPCOS AG prepares its consolidated financial statements in accordance with United States Generally Accepted Accounting Principles (US GAAP).

This interim report was compiled in accordance with German Accounting Standard 6 (DRS 6).

We present EBIT because that is the basis on which we evaluate the operating performance of our three reportable segments and of the EPCOS Group as a whole. We believe that EBIT is a better measure of operating performance than operating income since the latter excludes the impact of foreign exchange gains and losses and other income and expense. In some fiscal years, these line items may have a significant impact on the relative performance of our segments. We calculate EBIT as net loss/income plus (minus) minority interest, provision for income tax and the interest result, net.

See accompanying notes to unaudited consolidated interim financial statements. 3 EPCOS AG

EPCOS AG

Q3CONSOLIDATED ~~2006:~~FINANCIAL STATEMENTS

~~Sustained~~ Q1 ~~positive~~2007: ~~business development~~

~~Continuing~~Sales ~~operations~~and ~~(excluding~~earnings ~~tantalum~~up ~~capacitors)~~significantly year on year

Ø• New orders: ~~and~~EUR ~~sales~~368 million, up ~~again~~10 ~~sequentially~~percent ~~and~~ year on year, up 9 percent sequentially

Ø• Sales: EUR ~~330~~ 334 million, up 15 10 percent year on year, updown 2 4 percent sequentially

Ø• EBIT: plus EUR 15 17 million (Q3Q1 ~~2005~~2006: plus EUR 4 3 million; Q2Q4 2006: plus EUR 12 17 million)

New orders rose significantly both year on year and ~~sales~~sequentially in the first quarter of fiscal 2007 (~~continuing~~October ~~operations~~1 through December 31, 2006). Sales once again experienced double-digit growth compared with the same period a year ago. It weakened slightly compared with the strong previous quarter. Earnings before interest and tax (EBIT) were much higher than in the first quarter of the previous year and again on a par with the figure posted in the preceding quarter.

~~Business development remained positive in all regions and in nearly all industries served in the third quarter of fiscal 2006 (April~~ 1 ~~– June 30, 2006)~~. AsNew ~~a whole, new~~ orders and sales ~~again~~compared ~~increased~~with ~~both~~Q4 ~~sequentially~~2006 ~~and year on year. For the third consecutive quarter, the book-to-bill ratio was above one at 1.08 in the period under review.~~

Comparison with Q2 2006


(EUR million)	Q4 2006	± in %	Q1 2007
New orders	338	+9	368
Sales	350	–4	334

1.1. New orders ~~and sales at the EPCOS Group (EUR million)~~

	Q2 2006	± in %	Q3 2006
New orders	348	+ 2	356
Sales	324	+ 2	330

New orders climbed 9 percent to EUR 368 million in Q1 2007.

~~New~~The ~~orders~~main ~~rose~~reason byfor ~~2 percent~~this toincrease ~~EUR~~was that industrial electronics manufacturers ordered about 30 ~~356~~percent ~~million~~more than in Q3the ~~2006,~~previous ~~driven~~quarter. ~~mainly~~This byvolume ~~strong~~includes ~~growth~~substantial ~~of more~~longer ~~than~~term ~~30 percent~~orders – for example for aluminum electrolytic capacitors to be used in ~~business~~wind ~~with~~generators ~~products~~– ~~for~~that ~~automotive~~extend over ~~electronics~~several ~~applications~~quarters. ~~Substantial~~New orders ~~for~~from ~~the~~automotive electronics customers were also considerably higher (up by about 20 percent), largely due to stronger demand for piezo actuators ~~used~~for in diesel injection systems. ~~played~~Distributors aof ~~key~~components ~~part~~also increased intheir ~~this~~order ~~growth.~~volume ~~Customers~~by ~~generally~~20 percent. ~~also~~By ~~placed~~contrast, ~~longer-term~~ orders. ~~Demand~~ from customers in the ~~telecommunications~~information and communications technology industry ~~increased~~fell by 5 20 percent. Lower seasonal demand for components for mobile communication devices was the main reason for this drop.

~~These~~Regionally, ~~gains~~most ~~more~~of ~~than offset both~~ the –volume ~~seasonal~~increase ~~– decline~~ in orders from ~~consumer~~the ~~electronics~~industrial ~~customers~~ and ~~the~~automotive ~~slight dip in orders from industrial~~ electronics ~~customers~~segments ~~after~~came ~~a relatively strong previous quarter. They also compensated for decreased demand~~ from ~~distributors~~Germany, ~~which fell back to the level of~~where Q1orders ~~after~~grew ~~rising~~about ~~sharply~~30 inpercent Q2sequentially. ~~The~~Orders ~~decline~~were inup ~~Q3 came because distributors have now filled their stocks with RoHS-compatible components. This development was driven~~ (by ~~the~~6 percent) EUin ~~Directive on~~ the ~~Restriction~~other ofEuropean ~~Hazardous~~countries ~~Substances~~too. ~~(RoHS),~~In ~~which took effect on July 1~~contrast, ~~2006.~~lower ~~The~~demand ~~directive~~for ~~prohibits~~products ~~the~~for use ofin ~~certain~~information ~~substances~~and ~~(such~~communications astechnology ~~lead,~~led ~~mercury~~to ~~and~~a ~~cadmium)~~decline in ~~mobile~~new ~~phones and consumer electronics devices~~orders, ~~for~~especially in ~~example.~~Asia In(minus ~~some~~11 ~~cases,~~percent) ~~this~~and ~~required~~the ~~technical~~NAFTA ~~changes~~region to(minus ~~components –~~4 ~~to adapt them to lead-free soldering processes, for instance~~percent).

~~Regionally,~~See ~~the~~accompanying ~~bulk~~notes ofto ~~the~~unaudited ~~increase~~consolidated ininterim ~~new~~financial ~~orders came from Germany~~statements. ~~The~~4 ~~order intake~~EPCOS ~~from the rest of Europe, Asia and the NAFTA region remained more or less stable.~~ AG

Business in almost all regions and with almost all industries served contributed to the 2 percent sequential increase in sales to EUR 330 million. The only exceptions were the consumer electronics industry and the NAFTA region. In the latter region, sales dropped primarily because of an unfavorable development of the dollar/euro exchange rate.

EPCOS AG

~~Sales~~CONSOLIDATED byFINANCIAL ~~business~~STATEMENTS ~~segment (EUR million)~~

	Q2 2006	± in %	Q3 2006
Capacitors and Inductors	121	+ 2	124
Ceramic Components	103	+ 3	106
SAW Components	100	+ 1	100

1.2. Sales

~~Sequentially,~~After ~~Capacitors~~a ~~and~~strong ~~Inductors and the Ceramic Components segments both posted higher sales. The Surface Acoustic Wave (SAW) Components segment ended Q3 slightly ahead of the positive figure for the~~ previous quarter, ~~despite~~sales adecreased ~~seasonal~~by ~~drop~~4 percent into ~~business with filters for multimedia applications~~EUR 334 million.

~~Comparison~~EPCOS ~~with~~sold Q3fewer ~~2005~~products for consumer electronics and telecommunications applications and via distributors than in the previous quarter. This decline was primarily due to inventory adjustments – in part in relation to our customers’ year-end closing. Higher sales of products for the automotive electronics industry did not offset this trend.

~~New~~Regionally, ~~orders~~EPCOS ~~and~~was able to boost its sales atonly in Europe without Germany (plus 5 percent). Sales remained stable in Germany but were down sequentially in both Asia and the ~~EPCOS~~NAFTA ~~Group~~region (~~EUR~~by ~~million~~more than 10 percent in either case).

	Q3 2005	± in %	Q3 2006
New orders	280	+ 27	356
Sales	288	+ 15	330

1.3. Sales by business segments

As in Q2 2006, both new orders and sales posted double-digit year-on-year growth in the period under review.


(EUR million)	Q4 2006	± in %	Q1 2007
Capacitors and Inductors	125	–3	121
Ceramic Components	114	–3	111
SAW Components	111	–8	102

New orders increased by 27 percent. Orders from the telecommunications industry were more than 40 percent up on the very weak figure a year ago. A sharp increase in demand for piezo actuators was the main reason for the also 40 percent growth in orders from the automotive electronics industry. At the same timeSequentially, ~~continued~~sales ~~growth~~declined in ~~electronic~~all ~~content~~three ~~in vehicles also fueled this positive development. Order volumes from distributors were about 20 percent higher than a year ago. As the general~~ business ~~climate has improved over the previous year, distributors have further increased their stocks~~segments. Double-digit growth in orders from the industrial electronics segment reflects both broadly the overall positive business climate and, in particular, Germany’s robust export business. The order intake from consumer electronics customers remained unchanged year on year.

~~Strong~~In ~~double-digit~~the ~~order~~Capacitors ~~growth~~and ~~also~~Inductors ~~came~~segment, sales of inductors increased slightly. However, weaker demand from ~~every~~the ~~region~~consumer electronics sector drove down sales of film capacitors. ~~The~~At ~~increase~~Ceramic ~~was~~Components, ~~largest~~sales of piezo actuators and sensors for automotive applications rose, but were unable to compensate for lower sales of other ceramic components. Sales dropped most sharply in the ~~NAFTA~~Surface ~~region~~Acoustic Wave ~~and~~(SAW) Components segment. Weak demand for SAW filters for use in ~~Asia,~~multimedia ~~both~~devices toward the end of ~~which~~the ~~saw~~quarter ~~new~~was ~~orders~~the principal reason. Sales of RF modules for UMTS mobiles, for example, were also down. Although these third-generation ~~surge~~handsets byhave ~~more~~not ~~than~~yet ~~30 percent~~become as well established on the market as expected, this situation is likely to improve in the coming months.

~~Year on year, sales rose by 15 percent in Q3 2006~~2. ~~While~~New ~~business~~orders ~~with manufacturers of consumer~~and ~~electronics equipment posted only single-digit growth, EPCOS achieved double-digit growth in~~ sales ofcompared ~~its~~with ~~products~~Q1 to2006 ~~all other industries served.~~

Regionally, sales growth was strongest – at around 25 percent – in Asia, largely due to a sharp year-on-year improvement in mobile communications business. Two major handset makers in particular are increasing their production volumes. At the same time, EPCOS has also improved its own market position. Both in the NAFTA region, where positive stimulus came essentially from automotive electronics and distributors, and also in Germany third-quarter sales posted double-digit year-on-year growth.


(EUR million)	Q1 2006	± in %	Q1 2007
New orders	335	+10	368
Sales	305	+10	334

52.1. New orders

~~EPCOS~~Year AGon year, both new orders and sales increased by 10 percent in the quarter under review.

Orders from the automotive electronics sector climbed by nearly 50 percent – the strongest growth in any of the industries served. This development was driven above all by growing demand for piezo actuators and by increasing electronic content in vehicles. Significant gains were also recorded in new orders from industrial electronics customers (more than 20 percent) and from distributors (7 percent). On the other hand, orders from the consumer electronics and the information and communications technology industries decreased


See accompanying notes to unaudited consolidated interim financial statements.		5
EPCOS AG

~~Sales~~CONSOLIDATED byFINANCIAL ~~business~~STATEMENTS ~~segment (EUR million)~~

	Q3 2005	± in %	Q3 2006
Capacitors and Inductors	109	+ 13	124
Ceramic Components	92	+ 16	106
SAW Components	87	+ 15	100

compared with a very strong Q1 2006 (minus 21 percent and minus 16 percent, respectively). In the previous fiscal year, the order intake from consumer electronics was lifted by very high expectations about product sales in relation to major sporting events in 2006 (the Winter Olympic Games and the soccer World Cup).

~~All~~The ~~business~~trend ~~segments~~witnessed ~~recorded~~in ~~double-digit~~the ~~growth~~industries served ~~for~~is ~~year~~also reflected in the regional breakdown in orders. Year-on-year ~~sales~~growth in Q3new orders was strongest in Germany, at well over 40 percent. Growth by 9 percent was posted in the other European countries, whereas order volumes declined by ~~2006~~more than 10 percent in both Asia and the NAFTA region.

~~Sales at Capacitors and Inductors rose by 13 percent to EUR 124 million~~2. ~~In particular, inductors for use in automotive and industrial electronics applications contributed to this growth~~2. ~~For~~Sales example, EPCOS was able to gain market share for the transformers that are fitted in parking assistant sensor systems and thus realize a significant increase in sales. Demand was also strong for plastic film capacitors and aluminum electrolytic capacitors for industrial drives. More and more of these capacitors are being used to improve energy efficiency and thereby cut energy costs.

AtYear-on-year ~~Ceramic Components,~~ sales were up 16 10 percent ~~year~~in onQ1 ~~year to~~2007. ~~EUR 106~~Nearly ~~million.~~all ~~All~~industries ~~product~~served ~~groups~~and almost all regions contributed to this ~~gain~~increase. ~~Business~~Most ~~with~~notably, ~~piezo actuators~~sales ~~was~~growth ~~especially~~reached ~~positive.~~about ~~Strong~~20 percent ~~business development~~ in the ~~quarter~~automotive ~~under~~and industrial ~~review~~electronics ~~was~~industries ~~driven also by voltage-~~ and ~~temperature-dependent resistors~~ (~~varistors~~in ~~and~~regional ~~thermistors~~terms). ~~Demand~~in ~~for~~Germany ~~these~~and ~~components~~the ~~was~~other ~~especially~~European ~~brisk~~countries. ~~among~~This ~~industrial electronics~~expansion ~~customers~~more ~~and~~than ~~distributors.~~offset ~~The~~declining ~~increase in~~ sales of ~~sensors and sensor systems was due in part to robust business with these~~ products for ~~use~~the inconsumer ~~domestic~~electronics ~~appliances.~~industry In(minus ~~particular,~~15 ~~EPCOS~~percent) ~~was~~and ~~able~~ to ~~boost~~the ~~sales~~NAFTA ~~to European and North~~region ~~American~~(minus ~~customers~~12 percent).

~~SAW Components boosted its year-on-year sales by 15 percent to just over EUR 100 million~~2. ~~Business with products for mobile communications applications accounted for the bulk of this growth~~3. In particular, demand is also increasing for duplexers, which are filter components that separate the transmit and receive signals in mobile phones and are thus vital to the quality of signal transmission. The volume of these products is increasing as major mobile phone manufacturers with whom EPCOS has secured a strong position roll out new, high-volume projects. Sales ofby ~~modules~~business ~~for~~segment ~~wireless LAN applications are likewise growing constantly. Sales of SAW filters for multimedia applications remained virtually unchanged year on year.~~

EPCOS also scored a major business success with its innovative bulk acoustic wave (BAW) filters in the quarter under review. Volume production of a BAW duplexer has now begun and the products are being shipped to a leading mobile phone manufacturer.


(EUR million)	Q1 2006	± in %	Q1 2007
Capacitors and Inductors	109	+11	121
Ceramic Components	97	+14	111
SAW Components	98	+3	102

~~BAW~~Compared technology allows RF filters and duplexers to be made for applications where SAW technology reaches its limits. “This technology lets us combine the high power compatibility of microwave ceramic filters with the ~~miniaturization~~same ~~potential~~period ~~of SAW filters in~~ a ~~single~~year ~~component~~ago,” ~~says~~sales ~~Dr. Werner~~increased ~~Faber,~~in ~~member~~all ofbusiness ~~the~~segments ~~Management Board and Chief Technology Officer at EPCOS, explaining the benefits of BAW filters. The new BAW duplexer is suitable for applications~~ in ~~the fast growing market for CDMA and WCDMA handsets, for example~~Q1 2007.

6Growth was strongest at Ceramic Components, where sales climbed 14 percent to EUR 111 million. Alongside the higher volume of piezo actuators, sales of sensors and sensor systems were the main driver of this growth. These products are used to measure the temperature of operating fluids in household appliances, for example, as well as in automotive electronics applications.

~~EPCOS~~At AGCapacitors and Inductors, sales rose 11 percent to EUR 121 million. Virtually all product groups in this segment contributed to this growth. Business with components for industrial electronics applications was the mainstay of this increase, however. Development was especially positive in sales of aluminum electrolytic capacitors and inductors. Demand was also very strong for film capacitors for use in energy-saving lamps, for instance.

In the SAW Components segment, sales were up 3 percent year on year to EUR 102 million. The bulk of this growth came from business with SAW filters for mobile communications devices, which more than offset the drop in sales of SAW filters for multimedia applications. The latter decline was caused essentially by two factors. One is that the sales figures in fiscal 2006 were relatively strong (as explained in section 2.1). The other is that manufacturers of TV tuners have scaled back production in order to adjust their inventories. At the same time, EPCOS’ business with modules for wireless LAN applications in notebooks, for example, continued to develop positively.


See accompanying notes to unaudited consolidated interim financial statements.		6
EPCOS AG

~~Earnings~~CONSOLIDATED ~~(continuing~~FINANCIAL ~~operations)~~STATEMENTS

3. Earnings ~~at the EPCOS Group (EUR million)~~

	Q3 2005	Q2 2006	Q3 2006
EBIT	+ 3.9	+ 11.7	+ 15.0
Net income	– 4.3	+ 8.3	+ 13.9
Earnings per share (in eurocents)	– 7	+ 13	+ 21

3.1. EBIT by business segments

A further substantial improvement in earnings was recorded in Q3 2006, largely on account of the higher sales volume. In Q3 2006, earnings before interest and tax (EBIT) thus rose to plus EUR 15 million. Net income in the period under review was plus EUR 14 million. Earnings per share were plus 21 eurocents.


(EUR million)	Q1 2006	Q4 2006		Q1 2007
Capacitors and Inductors	-6.4	-4.2	*	+2.1
Ceramic Components	-2.7	+5.3		+0.3
SAW Components	+12.4	+15.7		+14.7

~~Earnings~~* byIncluding ~~business~~restructuring ~~segment~~costs of nearly EUR 6 million for the termination of the UltraCap® activities

~~EBIT by~~The ~~business~~Capacitors and Inductors segment recorded earnings before interest and tax (EBIT) of plus EUR 2 million) in Q1 2007. While earnings in the previous quarter were burdened by restructuring costs of nearly EUR 6 million for the termination of UltraCap® activities, steps to reduce resources were already beginning to improve earnings in the quarter under review. The same is true of the ongoing relocation of production activities in this segment. Accordingly, the segment was able to absorb the negative impact of lower sales on earnings.

	Q3 2005	Q2 2006	Q3 2006
Capacitors and Inductors	+ 0.2	– 1.8	– 0.4
Ceramic Components	– 2.2	+ 1.4	+ 3.0
SAW Components	+ 5.9	+ 12.1	+ 12.4

Ceramic Components recorded a balanced EBIT figure for the period under review. Negative effects came from a lower sales volume and a less favorable product mix than in the previous quarter. The latter is due to the strong rise in piezo actuator business, for which the earnings situation remains unsatisfactory.

AThe ~~further~~SAW ~~gain~~Components ~~in sales improved earnings for the Capacitors and Inductors~~ segment inonce ~~the~~again ~~quarter~~posted ~~under review.~~positive ~~Relocation~~double-digit ofEBIT ~~some~~ of ~~the~~approximately ~~plastic film capacitor production from Brazil and Spain to China and India is now in progress~~EUR 15 million. ~~This~~Inventory ~~move~~build-ups ~~will~~offset ~~strengthen~~most ~~the~~of ~~cost position and~~ the ~~competitiveness~~negative ~~for~~impact ~~these~~of ~~products~~declining sales.

~~At Ceramic Components, EBIT rose to EUR~~ 3 ~~million~~.2. ~~Positive~~Group ~~stimulus came from a further improvement in the production yield for piezo actuators, and from a better~~ earnings ~~position in the business with multilayer ceramic products.~~

In Q3 2006, SAW Components with earnings of approximately EUR 12 million once again made the largest contribution to consolidated EBIT.


(EUR million)	Q1 2006	Q4 2006		Q1 2007
EBIT	+3.3	+16.8	*	+17.1
After-tax earnings	+0.8	+12.2		+13.1
Earnings per share (in euros)	+0.01	+0.19		+0.20

7* Including restructuring costs of nearly EUR 6 million for the termination of the UltraCap® activities

EBIT for the EPCOS AGGroup totaled about EUR 17 million in the quarter under review. After-tax earnings were EUR 13 million. Earnings per share were plus 20 eurocents.

Net cash flow stood at about EUR 11 million in Q1 2007. This figure is attributable to positive after-tax earnings and receipt of the final installment (EUR 7 million) from the sale of the tantalum capacitors business. By contrast, inventory build-ups had a negative impact as they increased net working capital.


See accompanying notes to unaudited consolidated interim financial statements.		7
EPCOS AG

~~Key~~CONSOLIDATED ~~data~~FINANCIAL ~~for~~STATEMENTS ~~the EPCOS Group (including discontinued operations)~~

~~Total~~4. ~~Group~~Outlook ~~business (EUR million)~~

	Q3 2005	Q2 2006	Q3 2006
Net income	– 7.6	+ 4.2	+ 9.9
Earnings per share (in eurocents)	– 12	+ 6	+ 15

EPCOS expects second-quarter sales to remain stable on the whole compared with Q1 2007. Due to seasonal influences, sales of products for mobile communications devices and consumer electronics applications are likely to decline. However, growth in business with other industries served – especially with the automotive electronics industry and with distributors – should make up for this decline. In light of the less favorable product mix, EPCOS expects EBIT in Q2 2007 to be somewhat below the level of the quarter just ended.

~~Total~~For ~~net~~fiscal ~~income~~2007 inas ~~the~~a ~~quarter~~whole, ~~under~~EPCOS ~~review~~continues ~~was~~to ~~EUR 10 million.~~expect ~~For~~higher ~~the~~sales, ~~last~~positive ~~time,~~EBIT ~~this~~in ~~figure~~all ~~also includes~~business asegments, ~~loss~~and ofa ~~EUR 4 million~~further ~~for~~improvement ~~the~~in ~~tantalum~~Group ~~capacitor~~EBIT. ~~business,~~The ~~which~~company ~~was~~also ~~transferred~~expects to ~~KEMET~~realize ~~effective~~a ~~April 13,~~significantly ~~2006~~positive net cash flow.

~~Net~~This ~~cash flow~~document ~~was~~may ~~plus~~contain ~~EUR 98 million~~forward-looking instatements Q3with ~~2006.~~respect ~~This~~to ~~figure~~EPCOS’ ~~contains~~financial acondition, ~~cash~~results ~~inflow~~ of ~~EUR 68 million~~operations, business, ~~from~~strategy ~~the~~and ~~sale~~plans. ofIn particular, statements using the ~~tantalum~~words ~~capacitor~~“expects,” ~~business.~~“anticipates,” ~~Net~~“intends,” ~~cash~~“will,” ~~flow~~or ~~for~~similar ~~the~~expressions ~~first~~are ~~nine~~forward-looking ~~months~~in ofnature. ~~fiscal~~Such ~~2006~~statements ~~thus~~are ~~totals~~based ~~plus~~on a number ~~EUR 85 million~~of –assumptions that could ultimately prove inaccurate. They are subject to a number of external risk factors, over which EPCOS has very limited influence. They may include slower growth in significant ~~improvement~~markets, onchanges in our customers’ industries, changes in our relationships with our customers, the ~~figure~~ability ofto ~~minus~~realize ~~EUR 105 million~~cost ~~posted~~reductions, or general economic and business conditions. EPCOS does not assume any obligation to update publicly any forward-looking statement, whether as a result ~~year~~of ~~ago~~new information, future events or otherwise.

~~Outlook~~See ~~(continuing~~accompanying ~~operations)~~notes to unaudited consolidated interim financial statements. 8 EPCOS AG

In light of another strong order intake in Q3 2006, EPCOS now expects to post double-digit percentage sales growth for fiscal 2006 as a whole. In Q4, sales and EBIT should remain on a similar level as in Q3 of fiscal 2006.

N.B. All financial data has been compiled to US GAAP and is not audited except for data at September 30, 2005.

Further dates

Results for the fourth quarter of fiscal 2006 will be published at the Annual Press Conference on November 16, 2006.

This document may contain forward-looking statements with respect to EPCOS’ financial condition, results of operations, business, strategy and plans. In particular, statements using the words “expects”, “anticipates” and similar expressions, and statements with regard to management goals and objectives, expected or targeted revenue and expense data, or trends in results of operations or margins are forward-looking in nature. Such statements are based on a number of assumptions that could ultimately prove inaccurate, and are subject to a number of risk factors, including changes in our customers’ industries, slower growth in significant markets, changes in our relationships with our principal shareholders, the ability to realize cost reductions and operating efficiencies without unduly disrupting business operations, currency fluctuations, unforeseen environmental obligations, and general economic and business conditions. EPCOS does not assume any obligation to update publicly any forward-looking statement, whether as a result of new information, future events or otherwise. Further information on factors which could affect the Company’s financial results is provided in documents filed with the Bundesanstalt für Finanzdienstleistungsaufsicht and the US Securities and Exchange Commission.

EPCOS AG

CONSOLIDATED FINANCIAL STATEMENTS

CONSOLIDATED STATEMENTS OF INCOME, UNAUDITED

for the 3 months ~~and 9 months~~ ended ~~June~~December 3031, 2006 and 2005

(EUR thousand, except per share data)

	3 months ended				9 months ended
	3 months ended Dec. 31
	2006		2005		~~2006~~		~~2005~~
Net sales from continuing operations
Third parties	~~327~~332,~~765~~911		~~240~~260,~~610~~850		~~863,030~~		~~693,621~~
Related parties	21,~~687~~473		4743,~~312~~937		~~96,254~~		~~138,150~~
Total net sales	~~330~~334,~~452~~384		~~287~~304,~~922~~787		~~959,284~~		~~831,771~~
Cost of goods sold	(~~270~~273,~~136~~291	)	(~~239~~255,~~873~~050	)	~~(793,138~~	)	~~(699,195~~	)
Gross profit	6061,~~316~~093		4849,~~049~~737		~~166,146~~		~~132,576~~
Research and development expenses	(1916,~~077~~425	)	(1618,~~727~~181	)	~~(54,392~~	)	~~(46,377~~	)
Marketing and selling expenses	(25,~~300~~845	)	(2826,~~256~~601	)	~~(79,554~~	)	~~(80,881~~	)
General and administrative expenses	(3,~~667~~115	)	(3,~~024~~028	)	~~(10,697~~	)	~~(10,453~~	)
	(48,044	)	(48,007	)	(144,643	)	(137,711	)
	(45,385	)	(47,810	)
Operating income	1215,~~272~~708		421,927		~~21,503~~		~~(5,135~~	)
Interest income	12,~~472~~011		~~465~~689		~~2,977~~		~~1,771~~
Interest expense	(3,~~465~~558	)	(23,~~624~~465	)	~~(10,486~~	)	~~(7,156~~	)
Foreign exchange gains (losses), net	364		75		1,170		(4,197	)
Foreign exchange losses, net	(1,406	)	(204	)
Impairment on goodwill	—		—		—		(11,800	)
Other income, net	2,670		879
Other income, net	1,645		3,708		5,376		5,336
Share of net income of unconsolidated affiliates	129		701
Share (loss) of net income of unconsolidated affiliates	732		91		1,945		(57	)
Income from continuing operations before income taxes and minority interest	15,554		527
Income (loss) from continuing operations before income taxes and minority interest	13,020		1,757		22,485		(21,238	)
Provision for income taxes	(2,427	)	335
Provision for income taxes	986		(5,967	)	759		(27,779	)
Minority interest	(22	)	(90	)
Minority interest	(87	)	(75	)	(287	)	(174	)
Income from continuing operations	13,105		772
Income (loss) from continuing operations	13,919		(4,285	)	22,957		(49,191	)
Loss from discontinued operations, net of income taxes	(25	)	(4,003	)
Loss from discontinued operations, net of income taxes	(3,997	)	(3,265	)	(12,097	)	(7,477	)
Net income (loss)	13,080		(3,231	)
Net income (loss)	9,922		(7,550	)	10,860		(56,668	)
Earnings per share (basic)
Earnings per share (basic)
From continuing operations	0.20		0.01
Net income (loss) from continuing operations	0.21		(0.07	)	0.35		(0.75	)
From discontinued operations	0.00		(0.06	)
Net loss from discontinued operations	(0.06	)	(0.05	)	(0.18	)	(0.12	)
Earnings per share (diluted)
Earnings per share (diluted)
From continuing operations	0.19		0.01
Net income (loss) from continuing operations	0.20		(0.07	)	0.34		(0.75	)
From discontinued operations	0.00		(0.06	)
Net loss from discontinued operations	(0.06	)	(0.05	)	(0.18	)	(0.12	)
Reconciliation of net income to EBIT
Reconciliation of Net income (loss) to EBIT
Net income	13,105		772
Net income (loss)	13,919		(4,285	)	22,957		(49,191	)
Minority interest	22		90
Minority interest	87		75		287		174
Provision for income taxes	2,427		(335	)
Provision for income taxes	(986	)	5,967		(759	)	27,779
Income before income taxes and minority interest	15,554		527
Income (loss) before income taxes and minority interest	13,020		1,757		22,485		(21,238	)
Interest expense, net	1,547		2,776
Interest result, net	1,993		2,159		7,509		5,385
EBIT	17,101		3,303
EBIT	15,013		3,916		29,994		(15,853	)

See accompanying notes to unaudited consolidated interim financial statements. ~~9EPCOS~~9 EPCOS AG

CONSOLIDATED FINANCIAL STATEMENTS

CONSOLIDATED BALANCE SHEETS

asAs of ~~June~~December 3031, 2006 and September 30, ~~2005~~ 2006

(EUR thousand, except share data)

	June 30,2006		September 30, 2005
	Dec. 31, 2006		Sep. 30, 2006
	(unaudited)
ASSETS
Current assets
Cash and cash equivalents	~~266~~275,~~246~~848		~~193~~268,~~438~~851
Accounts receivable, net	~~187~~186,~~285~~346		~~201~~217,~~991~~074
Inventories, net	~~210~~240,~~718~~518		~~226~~213,~~802~~808
Prepaid expenses and other current assets	4341,~~201~~108		4645,~~579~~264
Deferred income taxes	56,~~498~~703		86,~~708~~446
Assets held for sale	565,~~773~~970		—15,572
Total current assets	~~769~~756,~~721~~493		~~677~~767,~~518~~015
Property, plant and equipment, net	~~481~~490,~~598~~515		~~576~~493,~~284~~378
Intangible assets, net	1614,~~782~~735		1915,~~141~~436
Deferred income taxes	8994,~~823~~526		7094,~~169~~036
Other assets	4331,~~381~~442		3344,~~822~~678
Total assets	1,~~401~~387,~~305~~711		1,~~376~~414,~~934~~543
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable	~~126~~130,~~733~~803		~~133~~153,~~904~~460
Accrued expenses and other current liabilities	~~122~~108,~~698~~521		~~119~~113,~~065~~911
Short-term borrowings	9888,~~268~~126		~~107~~89,~~467~~265
Current portion of long-term debt	2126,~~392~~082		24,~~944~~990
Deferred income taxes	614,~~302~~553		314,~~629~~424
Liabilities held for sale	294,~~520~~100		—14,322
Total current liabilities	~~404~~372,~~913~~185		~~389~~410,~~009~~372
Long-term debt, excluding current installments	~~201~~193,~~313~~009		~~206~~194,~~127~~752
Pension liabilities	~~172~~171,~~664~~290		~~165~~168,~~768~~816
Deferred income taxes	1716,~~922~~736		1816,~~503~~827
Other liabilities	4244,~~971~~274		4046,~~270~~027
Minority interest	1,~~908~~702		~~764~~2,055
Total liabilities	~~841~~799,~~691~~196		~~820~~838,~~441~~849
Shareholders’ equity
Share capital, – 96,280,000 shares authorized, 65,300,000 shares issued and outstanding at June 30, 2006 and at September 30, 2005	65,300		65,300
Share capital, – 96,280,000 shares authorized, 65,300,000 shares issued and outstanding at December 31, 2006 and at September 30, 2006	65,300		65,300
Additional paid-in capital	~~254~~256,~~833~~333		~~254~~256,~~833~~127
Retained earnings	~~298~~321,~~108~~505		~~287~~308,~~248~~425
Accumulated other comprehensive loss	(5854,~~627~~623	)	(5054,~~888~~158	)
Total shareholders’ equity	~~559~~588,~~614~~515		~~556~~575,~~493~~694
Total liabilities and shareholders’ equity	1,~~401~~387,~~305~~711		1,~~376~~414,~~934~~543

See accompanying notes to unaudited consolidated interim financial statements. ~~10EPCOS~~10 EPCOS AG

CONSOLIDATED FINANCIAL STATEMENTS

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’

EQUITY AND COMPREHENSIVE INCOME/(LOSS), UNAUDITED

~~for~~For the 93 months ended ~~June 30~~December 31, 2006 (EUR thousand)

(EUR thousand)


	Share capital	Additional paid-in Capital	Retained earnings		Accumulated other comprehensive Income/(loss)		Total shareholders’ equity
Balances as of September 30, 2006	65,300	256,127	308,425		(54,158	)	575,694
Comprehensive Income:
Net Income	—	—	13,080		—		13,080
Currency translation adjustment	—	—	—		(154	)	(154	)
Cash flow hedges (net of tax of 132)	—	—	—		(402	)	(402	)
Reclassification of gains from Cash flow hedges to net income (net of tax of 13)	—	—	—		(40	)	(40	)
Unrealized gains on securities (net of tax of 4)	—	—	—		52		52
Reclassification of losses from securities to net income (net of tax of 26)	—	—	—		79		79

Total comprehensive Income							12,615

Share based payment	—	206	—		—		206

Balances as of December 31, 2006	65,300	256,333	321,505		(54,623	)	588,515


CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY AND COMPREHENSIVE INCOME/(LOSS), UNAUDITED
For the 3 months ended December 31, 2005 (EUR thousand)

	Share capital	Additional paid-in Capital	Retained earnings		Accumulated other comprehensive Income/(loss)		Total shareholders’ equity
Balances as of September 30, 2005	65,300	254,833	287,248		(50,888	)	556,493
Comprehensive Loss:
Net Loss	—	—	(3,231	)	—		(3,231	)
Currency translation adjustment	—	—	—		(208	)	(208	)
Cash flow hedges (net of tax of 432)	—	—	—		1,291		1,291
Reclassification of gains from Cash flow hedges to net income (net of tax of 6)	—	—	—		(20	)	(20	)
Unrealized gains on securities (net of tax of 2)	—	—	—		313		313

Total comprehensive Loss							(1,855	)

Balances as of December 31, 2005	65,300	254,833	284,017		(49,512	)	554,638

	Sharecapital	Additionalpaid-inCapital	Retainedearnings	Accumulatedothercomprehensiveincome/(loss)		Treasuryshares	Totalshareholders’equity
Balances as of September 30, 2005	65,300	254,833	287,248	(50,888	)	—	556,493
Comprehensive Income:
Net Income	—	—	10,860	—		—	10,860
Currency translation adjustment	—	—	—	(7,535	)	—	(7,535	)
Cash flow hedges (net of tax of 132)	—	—	—	(397	)	—	(397	)
Reclassification of gains to net income (net of tax of 78)	—	—	—	(235	)	—	(235	)
Unrealized gains on securities (net of tax of 114)	—	—	—	428		—	428
Total comprehensive Income							3,121
Balances as of June 30, 2006	65,300	254,833	298,108	(58,627	)	—	559,614


See accompanying notes to unaudited consolidated interim financial statements.		11
EPCOS AG

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’

EQUITY AND COMPREHENSIVE INCOME/(LOSS), UNAUDITED

for the 9 months ended June 30, 2005

(EUR thousand)

	ShareCapital	Additionalpaid-incapital	Retainedearnings		Accumulatedothercomprehensiveincome/(loss)		Treasuryshares	Totalshareholders’equity
Balances as of September 30, 2004	65,300	254,833	406,510		(47,079	)	—	679,564
Comprehensive Loss:
Net Loss	—	—	(56,668	)	—		—	(56,668	)
Currency translation adjustment	—	—	—		9,552		—	9,552
Cash flow hedges (net of tax of 19)	—	—	—		(58	)	—	(58	)
Reclassification of loss to net income (net of tax of 365)	—	—	—		1,093		—	1,093
Unrealized gains on securities (net of tax of 192)	—	—	—		1,317		—	1,317
Total comprehensive Loss								(44,764	)
Balances as of June 30, 2005	65,300	254,833	349,842		(35,175	)	—	634,800

See accompanying notes to unaudited consolidated interim financial statements. 11EPCOS AG

CONSOLIDATED FINANCIAL STATEMENTS

CONSOLIDATED STATEMENTS OF CASH FLOW, UNAUDITED

~~for~~For the 93 months ended ~~June 30~~December 31, 2006 and 2005 (EUR thousand)

(EUR thousand)


	3 months ended Dec. 31
	2006		2005
Cash flows from operating activities
Net income/(loss)	13,080		(3,231	)
Adjustment to reconcile net loss/income to net cash provided by operating activities
Depreciation and amortization	28,468		32,392
Provision for doubtful accounts	(170	)	(103	)
Loss on sale of property, plant and equipment	21		73
Deferred income tax	(742	)	(5,740	)
Share of net income of unconsolidated affiliates and equity companies	(129	)	(701	)
Minority interest	22		90
Other non cash items	1,250		2,397
Changes in assets and liabilities, excluding effects of acquisitions
Increase in inventories	(24,496	)	(10,183	)
Decrease in accounts receivable	36,534		7,273
Increase in prepaid expenses and other current assets	(2,855	)	(2,415	)
Decrease in accounts payable	(32,912	)	(1,554	)
(Decrease)/Increase in other liabilities	(1,696	)	1,242
Decrease in accrued expenses and other current liabilities	(5,325	)	(6,505	)
Increase in pension liabilities	2,588		2,433
Decrease/(Increase) in other assets	855		(4,407	)

Net cash provided by operating activities	14,493		11,061

Cash flows from investing activities
Capital expenditures	(24,488	)	(24,921	)
Proceeds from sale of investment securities	12,280		—
Proceeds from sale of equipment	1,667		607
Investments in associated and unconsolidated companies	—		(3,017	)
Net proceeds from sale/disposition of businesses	6,775		—

Net cash used in investing activities	(3,766	)	(27,331	)

Cash flows from financing activities
(Net decrease)/increase in short-term borrowings	(2,015	)	1,230
Proceeds from borrowing of long-term debt	935		3,131
Principal payments under capital leasing obligations	—		(12	)
Principal payments on long-term debt	(2,029	)	(921	)

Net cash provided by (used in) financing activities	(3,109	)	(3,428	)

Effect of exchange rate changes on cash	(621	)	607
Increase/(Decrease) in cash and cash equivalents	6,997		(12,235	)
Cash and cash equivalents at beginning of fiscal year	268,851		193,438

Cash and cash equivalents at end of period	275,848		181,203

	9 months ended
	2006		2005
Cash flows from operating activities
Net income (loss)	10,860		(56,668	)
Adjustment to reconcile net loss/income to net cash provided by operating activities
Depreciation and amortization on intangible and fixed assets	93,970		123,324
Provision for doubtful accounts	45		111
Gain on sale of property, plant and equipment and businesses	342		(248	)
Deferred income tax	(15,675	)	24,436
Share of net income (loss) of unconsolidated affiliates	(1,945	)	57
Minority interest	287		174
Other non cash item	2,662		—
Changes in assets & liabilities
Increase in inventories	(14,616	)	(13,739	)
(Increase)/Decrease in accounts receivable	(29,824	)	23,391
Increase in prepaid expenses and other current assets	(4,691	)	(11,304	)
Increase/(Decrease) in accounts payable	34,384		(48,706	)
Increase/(Decrease) in other liabilities	2,927		(73	)
Increase/(Decrease) in accrued expenses and other current liabilities	10,504		(27,629	)
Increase in pension liabilities	7,271		5,813
(Increase)/Decrease in other assets	(5,271	)	1,168
Net cash provided by operating activities	91,230		20,107
Cash flows from investing activities
Capital expenditures	(71,068	)	(123,735	)
Proceeds from sale of equipment	1,219		1,079
Investments in associated and unconsolidated companies	(3,991	)	(2,140	)
Net proceeds from sale/disposition of businesses	68,038		—
Net cash used in investing activities	(5,802	)	(124,796	)
Cash flows from financing activities
Net (Decrease)/Increase in short-term borrowings	(7,894	)	2,232
Proceeds from borrowing of long-term debt	9,049		26,506
Principal payments under capital leasing obligations	(19	)	(28	)
Principal payments on long-term debt	(12,303	)	(20,506	)
Net cash provided by (used in) financing activities	(11,167	)	8,204
Effect of exchange rate changes on cash	(1,453	)	1,055
Increase/(Decrease) in cash and cash equivalents	72,808		(95,430	)
Cash and cash equivalents at beginning of fiscal year	193,438		238,386
Cash and cash equivalents at end of period	266,246		142,956


See accompanying notes to unaudited consolidated interim financial statements.		12
EPCOS AG

See accompanying notes to unaudited consolidated interim financial statements. 12EPCOS AG

CONSOLIDATED FINANCIAL STATEMENTS

Notes to unaudited interim consolidated financial statements

1. Basis of Presentation

~~The~~General ~~unaudited~~explanations interim consolidated financial statements as of and for the three-month and nine-month periods ended June 30, 2006, and 2005 reflect all adjustments consisting of normal recurring items, which are, in the opinion of management, necessary for a fair statement of the results of the interim periods presented. All intercompany balances and transactions as well as all intra group profits or losses arising on such transactions have been eliminated in the consolidated financial statements.

The ~~results~~unaudited interim consolidated financial statements as of ~~operations~~and for ~~any~~the ~~interim~~three-month ~~period~~periods ended December 31, 2006, and 2005 reflect all adjustments consisting of normal recurring items, which are, ~~not necessarily~~in ~~indicative~~the opinion of ~~results~~management, necessary for a fair statement of the ~~full~~results ~~year~~of the interim periods presented. ~~Such~~All ~~financial~~intercompany ~~statements~~balances ~~should~~and betransactions ~~read~~as inwell ~~conjunction~~as ~~with~~all ~~the~~intra ~~audited~~group ~~consolidated~~profits ~~financial~~or ~~statements~~losses ~~for~~arising ~~the~~on ~~year~~such ~~ended~~transactions ~~September 30,~~have ~~2005~~been ~~included~~eliminated in the ~~Company’s~~consolidated ~~Annual~~financial ~~Report for 2005~~statements.

The results of operations for any interim period are not necessarily indicative of results for the full year. Such financial statements should be read in conjunction with the audited consolidated financial statements for the year ended September 30, 2006 included in the Company’s Annual Report for 2006.

Related party transactions

In March 2006 Siemens AG sold its 12.5% (plus one share) stake in EPCOS AG. Panasonic Electronic Devices Europe GmbH sold its 12.5% (plus one share) stake in EPCOS AG in October 2006.

Both companies are included in the related party transactions only for the period up to their sale for fiscal 2007 and fiscal 2006.

Options granted to employees

As of October 1, 2005, the Company adopted Statement of Financial Accounting Standards (SFAS) No. 123 (revised 2004), Share-Based Payment (SFAS No. 123R), which replaces SFAS No. 123, Accounting for Stock-Based Compensation, and supersedes Accounting Principals Board Opinion (APB) No. 25, Accounting for Stock Issued to Employees, and related Interpretations. SFAS No. 123R requires companies to recognize the cost resulting from all share-based payment transactions in the financial statements. With certain limited exceptions, the new standard establishes a grant date, fair-value-based measurement method in accounting for share-based payment transactions. Equity classified awards are measured at fair value at the grant date, whereas related compensation cost is recognized based on the estimated number of instruments ~~for which the requisite service is expected~~ to be ~~rendered~~issued. For its equity classified awards, the Company applies the modified prospective ~~transition~~ transition method. Under this method, compensation cost recognized in ~~the~~fiscal 92007 ~~months ending June 30, 2006,~~ includes (i) compensation cost for all share-based payments granted prior to, but not yet vested as of October 1, 2005, based on the grant date fair value estimated in accordance with SFAS No. 123, and (ii) compensation cost for all share-based payments granted subsequent to October 1, 2005, based on grant date fair value estimated in accordance with SFAS No. 123R. ~~In the nine-month periods of fiscal 2006 compensation expense of EUR 1.035 million from stock based compensation was recorded. Results for prior period have not been restated.~~

~~Prior~~In to the ~~adoption~~first quarter of ~~SFAS~~fiscal ~~No. 123R,~~2007 ~~stock~~and ~~options~~2006 ~~were~~compensation ~~accounted~~expense ~~for under the intrinsic value method~~ of ~~Accounting~~EUR ~~Principles~~0.206 million ~~Board~~and ~~Opinion~~EUR No0.320 ~~25, Accounting~~million ~~for~~from ~~Stock~~stock ~~Issued~~based tocompensation ~~Employees,~~was ~~and related Interpretations~~recorded.

See note 34 for further information on stock-based compensation.

13 EPCOS AG

EPCOS AG

~~CONSOLIDATED~~2. ~~FINANCIAL~~Recent ~~STATEMENTS~~accounting pronouncements

~~The~~In ~~following~~September ~~table~~2006, ~~illustrates~~the ~~recorded~~Financial ~~compensation~~Accounting ~~expense~~Standards Board issued SFAS No. 158, Employers’ Accounting for Defined Benefit Pension and Other Postretirement Plans. This Statement requires an employer to recognize the ~~effect~~overfunded onor ~~net~~underfunded ~~loss/income~~status of a defined benefit postretirement plan as an asset or liability in its statement of financial position and ~~loss/earnings~~to ~~per~~recognize ~~share~~changes ifin that funded status in the ~~Company~~year ~~had~~in ~~adopted~~which the ~~fair~~changes ~~value~~occur ~~based~~through comprehensive ~~accounting~~income ~~method~~of ~~prescribed~~a bybusiness ~~SFAS No~~entity. ~~123:~~ This Statement also requires an employer to measure the funded status of a plan as of the date of its year-end statement of financial position. This Statement requires companies with one or more single-employer defined benefit plans, among other things, to

~~NET~~a. ~~INCOME~~Recognize ~~(LOSS)~~the ~~AND~~funded ~~EARNINGS~~status ~~(LOSS)~~of ~~PER~~a ~~SHARE~~benefit plan - measured as the difference between plan assets at fair value and the benefit obligation - in its statement of financial position.

~~for~~b. ~~the~~Recognize 3as ~~months~~a ~~and~~component 9of ~~months~~other ~~ended~~comprehensive ~~June 30~~income, ~~2006~~net of tax, the gains or losses and ~~2005~~prior service costs.

~~(EUR~~c. ~~thousand,~~Measure ~~except~~defined ~~share~~benefit ~~data)~~plan assets and obligations as of the date of the employer’s fiscal year-end statement of financial position.

	3 months ended				9 months ended
	2006		2005		2006		2005
Net income (loss)
As reported	9,922		(7,550	)	10,860		(56,668	)
Stock-based employee compensation expense determined under fair value based accounting method, net of taxes	—		(480	)	—		(1,840	)
Pro forma	9,922		(8,030	)	10,860		(58,508	)
Basic earnings (loss) per share
Net income (loss) from continuing operations as reported	0.21		(0.07	)	0.35		(0.75	)
Net loss from discontinued operations as reported	(0.06	)	(0.05	)	(0.18	)	(0.12	)
Net income (loss) from continuing operations pro forma	0.21		(0.08	)	0.35		(0.78	)
Net loss from discontinued operations pro forma	(0.06	)	(0.05	)	(0.18	)	(0.12	)
Diluted (loss) earnings per share
Net income (loss) from continuing operations as reported	0.20		(0.07	)	0.34		(0.75	)
Net loss from discontinued operations as reported	(0.06	)	(0.05	)	(0.18	)	(0.12	)
Net income (loss) from continuing operations pro forma	0.20		(0.08	)	0.34		(0.78	)
Net loss from discontinued operations pro forma	(0.06	)	(0.05	)	(0.18	)	(0.12	)

As of September 30, 2006, for the principal pension benefit plans and other postretirement plans, the net amount of actuarial gains and losses and prior service cost and benefits not recognized in equity before related taxes, totaled EUR 15 million.

14In June 2006, the Financial Accounting Standards Board issued Interpretation No. 48, Accounting for Uncertainty in Income Taxes, an interpretation of SFAS No. 109, Accounting for Income Taxes (FIN No. 48), to create a single model to address accounting for uncertainty in tax positions. FIN No. 48 clarifies the accounting for income taxes, by prescribing a minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. FIN No. 48 also provides guidance on derecognition, measurement, classification, interest and penalties, accounting in interim periods, disclosure and transition. FIN No. 48 is effective for fiscal years beginning after December 15, 2006. The Company will adopt FIN No. 48 as of fiscal year 2008 as required. The Company is currently evaluating the effects, if any, the adoption of FIN No. 48 will have on the Company’s financial position and results of operations.

14 EPCOS AG

~~CONSOLIDATED~~3. ~~FINANCIAL~~Discontinued ~~STATEMENTS~~operations

2On December 12, 2005, EPCOS signed a contract to sell its Tantalum Capacitor Business Unit to Kemet Corporation, Greenville/USA (“Kemet”). ~~Discontinued~~The ~~Operations~~sale includes the plants in Évora, Portugal and parts of the activities in Munich and Heidenheim, Germany. EPCOS closed the deal transfering its Tantalum Capacitor Business on September 30, 2006. The results of the Tantalum Capacitor Business are shown as discontinued operations for all periods presented.

OnIn ~~December 12,~~the ~~2005,~~first ~~EPCOS~~quarter ~~signed~~of afiscal ~~contract~~2007 toand ~~sell~~2006, ~~its~~the ~~Tantalum~~discontinued ~~Capacitor Business~~operations’ ~~Unit~~net tosales ~~KEMET~~were ~~Inc~~EUR 7.885 ~~based~~million inand ~~the~~EUR ~~United~~22.822 million, ~~States of America~~respectively. ~~The~~Loss before ~~sale~~income ~~includes~~taxes ~~the plants in Evora, Portugal~~ and ~~parts~~after ofminority ~~the~~interests ~~activities~~reported in ~~Munich~~discontinued ~~and~~operations ~~Heidenheim,~~amounted ~~Germany.~~to ~~EPCOS~~EUR ~~closed~~0.035 million ~~the~~for ~~deal~~first ~~partially~~quarter ~~that~~of ~~transfers~~fiscal ~~its~~2007 ~~tantalum~~(EUR ~~capacitor business effective April~~6.789 ~~13,~~million ~~2006.~~for ~~The results of~~ the ~~disposal~~same ~~group~~quarter ~~are~~in ~~shown~~the asprior ~~discontinued~~fiscal ~~operations for all periods presented~~year).

InAs ~~the~~a ~~nine months~~further ~~ended~~component ~~June 30,~~of ~~2006~~the sale a Manufacturing and ~~2005,~~Supply ~~the~~Agreement ~~discontinued~~was ~~operations’~~signed. ~~net~~Per ~~sales~~agreement ~~were~~EPCOS ~~EUR~~continued ~~68.521 million~~to ~~and~~produce ~~EUR~~Tantalum ~~64.404 million,~~Capacitors ~~respectively.~~in InHeidenheim ~~the~~for ~~three~~sale to ~~months~~Kemet. ~~ended~~The ~~June 30,~~related ~~2006~~production ~~and~~equipment ~~2005,~~was ~~net~~sold ~~sales~~to ~~were~~Kemet ~~EUR 23.220 million~~at ~~and~~the ~~EUR~~end ~~22.036 million,~~of ~~respectively~~the contract period. ~~Loss~~Assets ~~before~~and ~~income~~liabilities ~~taxes~~related ~~and~~to ~~minority~~the ~~interests~~Tantalum ~~reported~~Capacitors inBusiness, ~~discontinued~~and ~~operations~~not ~~amounted~~yet totransferred ~~EUR~~at ~~-17.832 million~~the ~~and~~balance ~~EUR~~sheet ~~-11.161 million~~date, ~~respectively,~~are ~~for~~classified ~~the~~as ~~nine~~held ~~months ended~~for ~~June~~sale at December 3031, 2006. These assets and ~~2005.~~liabilities Inresult from the ~~three~~ongoing ~~months~~support ~~ended~~of ~~June~~the supply agreement which is expected to expire on March 3031, ~~2006~~2007. ~~and~~The ~~2005~~ongoing ~~the~~support ~~loss~~serves ~~before~~to ~~income~~help ~~taxes~~ensure ~~and~~the ~~minority~~transition ~~interests~~of ~~was~~customers ~~EUR~~and ~~-4.002 million~~sales infrastructure ~~and~~to ~~EUR~~the -5buyer.~~032 million,~~ ~~respectively.~~

AsCash aFlows ~~further~~relating ~~component~~to ofthe discontinued operations for the ~~sale~~quarter aended ~~Manufacturing~~December 31, ~~and~~2006 ~~Supply~~amounted ~~Agreement~~to ~~was~~EUR ~~signed~~plus 6.1 million. ~~Therefore~~For ~~EPCOS~~the ~~will~~quarter ~~continue~~ended December 31, 2006 cash provided by operating activities amounted to ~~produce~~EUR ~~product~~minus 0.7 million and EUR plus 6.8 million in ~~Heidenheim~~investing ~~and~~activities. ~~sell~~Cash Flows relating to ~~KEMET.~~the ~~The~~discontinued operations for the ~~equipment~~quarter ~~will~~ended beDecember 31, ~~sold~~2005 amounted to ~~KEMET~~EUR atminus ~~the~~12.6 ~~end~~million. ofFor the ~~contract~~quarter ~~period~~ended ~~(held~~December 31, ~~for~~2005 ~~sale)~~cash provided by operating activities amounted to EUR minus 6.4 million and EUR minus 6.2 million cash used in investing activities.

~~Assets~~The ~~and~~carrying ~~liabilities~~amounts ~~related~~of to the ~~tantalum~~major ~~business~~classes ~~are~~of ~~classified as~~assets and liabilities held for sale atas ~~June~~of December 3031, 2006. ~~No impairment was recognized relating to the disposal group in the first three quarters of fiscal 2006. An impairment charge relating to these assets was recorded in the three month period ended~~and September 30, ~~2005,~~2006 ~~when the assets~~ were ~~classified~~ as ~~being~~follows: ~~held and used, but the Company was in negotiations to dispose of the tantalum business.~~

~~Cash~~Assets ~~Flows~~and ~~relating~~liabilities toheld ~~the discontinued operations~~ for ~~nine-month~~sale ~~periods ended June 30, 2006 amounted to EUR 60.8 million. Cash provided by operating activities amounted to EUR 0.4 million and EUR 60.4 million cash provided by investing activities.~~

~~The~~As ~~carrying amounts~~ of ~~the~~December 31, ~~major~~2006 ~~classes of assets~~ and ~~liabilities held for sale as of June~~September 30, 2006 ~~were~~(EUR asthousand) ~~follows:~~

Period ending June 30, 2006


	Dec. 31, 2006 (unaudited)	Sep. 30, 2006
Inventories, net	1,816	4,047
Accounts receivable, net	4,154	11,525

Assets held for sale	5,970	15,572

Accounts payable	4,100	14,322

Liabilities held for sale	4,100	14,322

~~(EUR~~15 ~~thousand)~~EPCOS AG

Inventories, net		13,113
Accounts receivable, net		27,409
Property, plant and equipment, net		10,734
Other		5,517
Assets held for sale		56,773
Accounts payable		29,489
Other liabilities		31
Liabilities held for sale		29,520

EPCOS AG

~~CONSOLIDATED~~4. ~~FINANCIAL~~Stock-based ~~STATEMENTS~~Compensation

3For a description of the EPCOS stock-based compensation plan see our Annual Report as of September 30, 2006. Stock- options granted under the Stock Option Plan 2004 are accounted based ~~Compensation~~on their intrinsic value. A fair value can not be reliably determined because the Supervisory Board and the Management Board are authorized to introduce a cap in the case of unforeseen events.

The following table summarizes stock option activity:

STOCK OPTION ACTIVITY

	Number of options		~~Weighted averageexercise price per share (in EUR)~~	Weighted averageexercise price per share (in EUR)
Balance as of September 30, 2005	2,486,750		41.40
Balance as of September 30, 2006	2,696,500			38.21
Granted	~~339~~559,000		~~13.05~~	16.31
Exercised	—		—	—
Forfeited	~~104~~(187,~~750~~500	)	~~33.51~~	31.28
Balance as of June 30, 2006	2,721,000		38.17
Balance as of December 31, 2006	3,068,000			31.68

45. Inventories, net

INVENTORIES, NET

(EUR thousand)

	June 30,2006	September 30,2005
	Dec. 31, 2006	Sep. 30, 2006
Raw materials and supplies	57,122	59,356
	(unaudited)
Work in process	60,001	58,028
Raw materials and supplies	63,441	56,730
Finished products	93,595	109,418
Work in process	68,850	64,015
Total inventories, net	210,718	226,802
Finished products	108,227	93,063
Total inventories, net	240,518	213,808

Total inventories as of ~~June~~December 3031, 2006 and September 30, ~~2005~~2006, are net of valuation allowances of EUR 2328.~~294~~011 million and EUR 3225.~~823~~852 million, respectively.

5.16 ~~Goodwill~~EPCOS ~~and Intangible Assets~~ AG

TheTable carrying amount of goodwill as of June 30, 2006, is as follows: Contents

6. Goodwill and Intangible Assets

The carrying amount of goodwill as of December 31, 2006 and September 30, 2006, is as follows:

GOODWILL

(EUR thousand)

	June 30,2006	September 30,2005
	Dec. 31, 2006(unaudited)	Sep. 30, 2006
Capacitors and Inductors	3,~~933~~798	3,~~935~~798
Ceramic Components	4,~~091~~084	4,~~104~~092
SAW Components	~~283~~273	~~299~~283
Consolidated total	8,307	8,338
Total consolidated	8,155	8,173

16Included in the Consolidated Balance Sheets as of December 31, 2006 and September 30, 2006 are the following categories of acquired intangible assets:

EPCOS AG

CONSOLIDATED FINANCIAL STATEMENTS

Included in the Consolidated Balance Sheets as of June 30, 2006 and September 30, 2005 are the following categories of acquired intangible assets:

INTANGIBLE ASSETS (FINITE LIVES)

(EUR thousand)

	June 30, 2006		September 30, 2005
	Dec. 31, 2006		Sep. 30, 2006
	Gross	Net	Gross	Net
Patents, licenses and similar rights	43,024	6,645	42,888	8,670
	(unaudited)
Customer lists	3,200	1,467	3,200	1,707
Patents, licenses and similar rights	39,327	5,011	39,226	5,556
Other	1,175	363	1,057	426
Customer lists	3,200	1,306	3,200	1,387
Total intangible assets (finite lives)	47,399	8,475	47,145	10,803
Other	1,192	263	1,190	320
Total intangible assets (finite lives)	43,719	6,580	43,616	7,263

Amortization related to intangible assets (finite lives) amounted to EUR 0.~~904~~802 million for the three-month period ended ~~June~~December 3031, 2006 ~~and EUR 2.700 million for the nine-month period ended June 30, 2006~~ (EUR 10.~~580~~905 million for the three-month period ended ~~June~~December 3031, 2005 ~~and EUR 4.823 million for the nine-month period ended June 30, 2005~~). In accordance with SFAS No. 142, the Company reassessed the useful lives of all other intangible assets in the first ~~nine~~three months of fiscal year ~~2006~~2007. There were no changes to such lives and there are no expected residual values associated with these intangible assets. Patents are amortized over the term of the patents, or as ~~for~~in the ~~customer~~case of customer lists, over ten years. Licenses are amortized over the term of the licensing agreement.


		17
EPCOS AG

The development of the intangible assets (finite lives) of the estimated fiscal year amortization expense is as follows:

ESTIMATED AMORTIZATION EXPENSE

~~fiscal~~Fiscal years (EUR thousand)

(EUR thousand)


2007		2,737
2008		1,732
2009		1,520
2010		1,133
2011		125

2006		4,138
2007		3,784
2008		2,250
2009		1,871
2010		1,620

7. Product warranties

17The accruals for product warranties developed as follows:

EPCOS AG

CONSOLIDATED FINANCIAL STATEMENTS

6. Product warranties

The current and noncurrent accruals for product warranties developed as follows:

PRODUCT WARRANTIES

(EUR thousand)

Balance as of September 30, 2005:	5,146
Balance as of September 30, 2006:	10,484
Increase in accruals related to warranties issued during reporting period (+)	4,423
Product warranties issued during reporting period	502
Increase in accruals related to preexisting warranties (+)	872
Utilization of accruals	(2,172	)
Utilization of accruals/reduction in liabilities (-)	(1,930	)
Change in estimates	(570	)
Non-utilization of accruals/liabilities (-)	(1,052	)
Foreign exchange translation adjustment	(6	)
Foreign exchange translation adjustment	(19	)
Accrual as of end of period	8,238
Accrual as of June 30, 2006	7,439

7.18 ~~Earnings~~EPCOS ~~per Share~~ AG

8. Earnings per Share

Basic earnings (loss) per share are computed by dividing net loss/income by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share reflect the potential dilution that would occur if the potentially dilutive common shares, such as on the exercise of options, had been issued.

The following table sets forth the computation of basic and diluted earnings (loss) per share for the three-~~months~~month ~~and nine-months~~ periods ended ~~June~~December 3031, 2006 and 2005:

EARNINGS /(LOSS) PER SHARE FROM ~~CONTINUING~~ CONTINUING OPERATIONS

for the 3 months and 9 months ended June 30, 2006 and 2005

(EUR thousand, except share data)

	3 months ended			9 months ended
	3-months ended Dec. 31
	2006	2005		~~2006~~	~~2005~~
Net income (loss) from continuing operations -basic	13,919	(4,285	)	22,957	(49,191	)
Net income from continuing operations – basic	13,105	772
Interest expense on convertible bonds (net of tax)	~~529~~723	—		~~1,590~~	—
Net income (loss) -diluted	14,448	(4,285	)	24,547	(49,191	)
Net income – diluted	13,828	772
Denominator for basic earnings per share – weighted average shares	65,300,000	65,300,000		~~65,300,000~~	~~65,300,000~~
Effect of dilutive shares – stock options	—6,568	—		—	—
Effect of dilutive shares – convertible bonds	6,500,000	—		~~6,500,000~~	—
Denominator for diluted earnings per share – weighted average shares adjusted for dilutive shares	71,~~800~~806,~~000~~568	65,300,000		~~71,800,000~~	~~65,300,000~~
Basic earnings per common share, EUR
Basic earnings per common share, EUR From continuing operations	0.20	0.01
Net income (loss) from continuing operations	0.21	(0.07	)	0.35	(0.75	)
Diluted earnings per common share, EUR From continuing operations	0.19	0.01
Diluted earnings per common share, EUR
Net income (loss) from continuing operations	0.20	(0.07	)	0.34	(0.75	)

1819 EPCOS AG

EPCOS AG

~~CONSOLIDATED~~EARNINGS/(LOSS) ~~FINANCIAL~~PER ~~STATEMENTS~~SHARE FROM DISCONTINUED OPERATIONS

EARNINGS (LOSS) PER SHARE FROM DISCONTINUED OPERATIONS

for the 3 months and 9 months ended June 30, 2006 and 2005

(EUR thousand, except share data)

	3 months ended				9 months ended
	3-months ended Dec. 31
	2006		2005		~~2006~~		~~2005~~
Net loss from discontinued operations -basic	(3,997	)	(3,265	)	(12,097	)	(7,477	)
Net (loss) from discontinued operations – basic	(25	)	(4,003	)
Interest expense on convertible bonds (net of tax)	—		—		—		—
Net loss -diluted	(3,997	)	(3,265	)	(12,097	)	(7,477	)
Net (loss) – diluted	(25	)	(4,003	)
Denominator for basic earnings per share – weighted average shares	65,300,000		65,300,000		~~65,300,000~~		~~65,300,000~~
Effect of dilutive shares – stock options	—		—		—		—
Effect of dilutive shares – convertible bonds	—		—		—		—
Denominator for diluted earnings per share – weighted average shares adjusted for dilutive shares	65,300,000		65,300,000		~~65,300,000~~		~~65,300,000~~
Basic earnings per common share, EUR
Basic earnings per common share, EUR From discontinued operations	0.00		(0.06	)
Net loss from discontinued operations	(0.06	)	(0.05	)	(0.18	)	(0.12	)
Diluted earnings per common share, EUR From discontinued operations	0.00		(0.06	)
Diluted earnings per common share, EUR
Net loss from discontinued operations	(0.06	)	(0.05	)	(0.18	)	(0.12	)

InOn December 31, 2006 6,500,000 shares relating to convertible bonds outstanding and 6,568 potentially dilutive shares from stock options were considered in continuing operations. Neither the convertible bonds nor shares from stock options were considered in discontinued operations 6because inclusion of these items would have been antidilutive on December 31,~~500~~ 2006. On December 31,~~000~~ 2005 shares relating to convertible bonds outstanding were not considered for both discontinued and continuing operations, because the inclusion would be antidilutive.

8.20 ~~Pension~~EPCOS ~~plan~~ AG

TheTable following table presents the components of net pension cost for the three and nine months ended June 30, 2006 and 2005: Contents

9. Pension plans

The following table presents the components of net pension cost for the first three months ended December 31, 2006 and 2005:

PENSION COST, NET

~~for~~Periods ~~the 3 months and 9 months~~ ended ~~June~~December 3031, 2006 and 2005

(EUR thousand)

3 months ended

9 months ended

3-months ended Dec. 31

2006

2005

~~2006~~

~~2005~~

Service cost

1,~~822~~568

1,~~252~~774

~~5,501~~

~~3,723~~

Interest cost

2,~~194~~256

2,~~197~~184

~~6,640~~

~~6,477~~

Expected return on plan assets

(~~390~~305

)

(~~314~~376

)

~~(1,218~~

)

~~(898~~

)

Amortization of unrecognized actuarial gains or losses

~~646~~530

87572

~~1,952~~

~~257~~

Unrecognized prior service cost

1314

Periodic pension cost, net

4,~~285~~063

34,~~235~~168

~~12,917~~

~~9,598~~

1921 EPCOS AG

EPCOS AG

~~CONSOLIDATED~~10. ~~FINANCIAL~~Business ~~STATEMENTS~~Segments

9. Business Segments

FINANCIAL INFORMATION ON THE BUSINESS SEGMENTS, UNAUDITED

(EUR million)

	CapacitorsandInductors		CeramicComponents		SAWComponents	Eliminations	Consolidated total
3 months ended June 30, 2006
3 months ended Dec. 31, 2006
Orders received	~~127~~137.70		~~119~~137.98		~~108~~93.50		~~356~~367.18
Net sales	123.8		106.3		100.4		330.5
Net sales from continuing operations	121.6		111.0		101.8		334.4
EBIT	(02.41	)	3.0.3		1214.47		1517.01
Interest result, net							(21.06	)
Income from continuing operations before income taxes and minority interest							1315.05
Provision for income taxes							1(2.04	)
Minority interest							0.0
Income from discontinued operations							0.0
Net income							13.1
Depreciation and amortization	7.6		8.4		12.0	0.5	28.5
Capital expenditures	2.8		6.8		13.2	1.7	24.5
3 months ended Dec. 31, 2005
Orders received	124.0		104.5		106.8		335.3
Net sales from continuing operations	109.3		97.1		98.4		304.8
EBIT	(6.4	)	(2.7	)	12.4		3.3
Interest result, net							(2.8	)
Income from continuing operations before income taxes and minority interest							0.5
Provision for income taxes							0.3
Minority interest							(0.1	)
Loss from discontinued operations							(4.0	)
Income from discontinued operations							(4.0	)
Net income							9.9
Net loss							(3.2	)
Depreciation and amortization	128.13		9.64		1213.13	0.85	3431.65
Capital expenditures	52.98		37.47		127.16	0.95	2218.36
3 months ended June 30, 2005
Orders received	104.5		93.2		82.6		280.3
Net sales	109.1		91.8		87.1		288.0
EBIT	0.2		(2.2	)	5.9		3.9
Interest result, net							(2.1	)
Income from continuing operations before income taxes and minority interest							1.8
Provision for income taxes							(6.0	)
Minority interest							(0.1	)
Loss from discontinued operations							(3.3	)
Net loss							(7.6	)
Depreciation and amortization	7.8		9.3		15.7	0.6	33.4
Capital expenditures	7.2		23.2		6.8	2.6	39.8

~~With~~22 ~~effect~~EPCOS from October 1, 2005, the business segments “Capacitors” and “Inductors and Ferrites,” were combined to a reportable segment named “Capacitors and Inductors”, based on substantial economic and other similarities between these operating segments after the disposal of the tantalum capacitor business, which was part of the operating segment “Capacitors”. AG

Balances reported previously have been restated for comparative purposes given the change in the segmentation.

EPCOS AG

CONSOLIDATED FINANCIAL STATEMENTS

FINANCIAL INFORMATION ON THE BUSINESS SEGMENTS, UNAUDITED

(EUR million)

	CapacitorsandInductors		CeramicComponents		SAWComponents	Eliminations	Consolidated total
9 months ended June 30, 2006
Orders received	387.9		332.6		318.7		1,039.2
Net sales	354.1		306.6		298.6		959.3
EBIT	(8.6	)	1.7		36.9		30.0
Interest result, net							(7.5	)
Income from continuing operations before income taxes and minority interest							22.5
Provision for income taxes							0.8
Minority interest							(0.3	)
Loss from discontinued operations							(12.1	)
Net income							10.9
Depreciation and amortization	24.8		28.7		38.0	1.7	93.2
Capital expenditures	12.8		16.2		31.8	2.0	62.8
9 months ended June 30, 2005
Orders received	306.3		270.9		237.2		814.4
Net sales	309.9		253.5		268.4		831.8
EBIT	(26.5	)	(9.6	)	20.2		(15.9	)
Interest result, net							(5.4	)
Loss from continuing operations before income taxes and minority interest							(21.3	)
Provision for income taxes							(27.8	)
Minority interest							(0.2	)
Loss from discontinued operations							(7.4	)
Net loss							(56.7	)
Depreciation and amortization	34.5		26.8		48.1	1.8	111.2
Capital expenditures	21.3		62.5		21.5	2.7	108.0

EPCOS AG

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	EPCOS AG
Dated: August 1st, 2006	By:	/s/ Peter Knoll
Dated: February 1st, 2007	By:	/s/ Peter Knoll
	Name:	Mr. Peter Knoll
	Title:	General Counsel EPCOS AG

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TheTable carrying amount of goodwill as of June 30, 2006, is as follows: Contents

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TheTable following table presents the components of net pension cost for the three and nine months ended June 30, 2006 and 2005: Contents

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