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Net Assets, Financial Position and Results of Operation


Consolidated revenues, including inventory changes, are broken down worldwide as follows:


Consolidated Net Income for the Year 2012

Financial Position

The cash flow statement was prepared on the basis of the consolidated financial statements.

Balance Sheet and Capital Structure

The balance sheet total rose by 7.7% or €103.6 million to €1,452 million


The volume of investments in the business year, not including corporate acquisitions, totaled €73.9 million