Consolidated Statement of Profit or Loss (in million Euro) Q3 2014 Q3 2015 % change 9m 2014 9m 2015 % change Revenue 636 661 3.9% 1,909 1,974 3.4% Cost of sales (440) (453) 3.0% (1,324) (1,340) 1.2% Gross profit 196 208 6.1% 585 634 8.4% Selling expenses (81) (85) 4.9% (248) (263) 6.0% Research & Development expenses (37) (36) -2.7% (109) (109) - Administrative expenses (43) (41) -4.7% (129) (129) - Other operating income 19 30 57.9% 54 80 48.1% Other operating expenses (25) (33) 32.0% (65) (98) 50.8% Results from operating activities 29 43 48.3% 88 115 30.7% Interest income (expense) - net (3) (2) -33.3% (11) (9) -18.2% Interest income - 1-1 2 100.0% Interest expense (3) (3) - (12) (11) -8.3% Other finance income (expense) - net (12) (10) -16.7% (31) (34) 9.7% Other finance income 4 9 125.0% 8 11 37.5% Other finance expense (16) (19) 18.8% (39) (45) 15.4% Net finance costs (15) (12) -20.0% (42) (43) 2.4% Profit (loss) before income taxes 14 31 121.4% 46 72 56.5% Income tax expense (5) 2 - (8) (11) 37.5% Profit (loss) for the period 9 33 266.7% 38 61 60.5% Profit (loss) attributable to: Owners of the Company 6 30 400.0% 31 55 77.4% Non-controlling interests 3 3-7 6-14.3% Results from operating activities 29 43 48.3% 88 115 30.7% Restructuring and non-recurring items (5) (3) -40.0% (8) (15) 87.5% Recurring EBIT 34 46 35.3% 96 130 35.4% Outstanding shares per end of period 167,751,190 167,751,190 167,751,190 167,751,190 Weighted number of shares used for 167,751,190 167,751,190 167,751,190 167,751,190 calculation Earnings per share ( ) 0.03 0.18 0.18 0.33
Consolidated Statements of Comprehensive Income for the period ending September 2014 / September 2015 (in million Euro) 2014 2015 Profit / (loss) for the period 38 61 Other Comprehensive Income, net of tax Items that may be reclassified subsequently to profit or loss: Exchange differences: 24 (10) Exchange differences on translation of foreign operations 29 (2) Exchange differences on net investment hedge (8) (8) Income tax on exchange differences on net investment hedge 3 - Cash flow hedges: 5 (5) Effective portion of changes in fair value of cash flow hedges (8) (22) Changes in the fair value of cash flow hedges reclassified to profit or loss 1 6 Adjustments for amounts transferred to initial carrying amount of hedged items 9 11 Income taxes 3 - Available-for-sale financial assets: (1) 4 Changes in fair value of available-for-sale financial assets (1) 4 Income taxes - - Items that will not be reclassified subsequently to profit and loss: - - Remeasurements of the net defined benefit liability - - Total other Comprehensive Income for the period, net of tax 28 (11) Total Comprehensive Income for the period attributable to: 66 50 Owners of the Company 55 41 Non-controlling interests 11 9
Consolidated Statements of Comprehensive Income for the quarter ending September 2014 / September 2015 (in million Euro) Unaudited, consolidated figures following IFRS accounting policies Q3 2014 Q3 2015 Profit / (loss) for the period 9 33 Other Comprehensive Income, net of tax Items that may be reclassified subsequently to profit or loss: Exchange differences: 18 (20) Exchange differences on translation of foreign operations 22 (20) Exchange differences on net investment hedge (7) - Income tax on exchange differences on net investment hedge 3 - Cash flow hedges: (3) (1) Effective portion of changes in fair value of cash flow hedges (6) (8) Changes in the fair value of cash flow hedges reclassified to profit or loss 1 - Adjustments for amounts transferred to initial carrying amount of hedged items - 7 Income taxes 2 - Available-for-sale financial assets: (1) 2 Changes in fair value of available-for-sale financial assets (1) 2 Income taxes - - Items that will not be reclassified subsequently to profit and loss: - - Remeasurements of the net defined benefit liability - - Total other Comprehensive Income for the period, net of tax 14 (19) Total Comprehensive Income for the period attributable to: 23 14 Owners of the Company 16 12 Non-controlling interests 7 2
Consolidated Statement of Financial Position (in million Euro) 31/12/2014 30/09/2015 ASSETS Non-current assets 1,039 999 Intangible assets 615 610 Property, plant and equipment 234 215 Investments 17 18 Deferred tax assets 173 156 Current assets 1,509 1,530 Inventories 512 563 Trade receivables 538 519 Current tax assets 107 142 Other receivables and other assets 120 121 Deferred charges 34 39 Derivative financial instruments 2 4 Cash and cash equivalents 196 142 Total assets 2,548 2,529 EQUITY AND LIABILITIES Equity 146 196 Equity attributable to owners of the Company 93 134 Share capital 187 187 Share premium 210 210 Retained earnings 709 764 Reserves (92) (93) Translation reserve (16) (29) Post-employment benefits: remeasurements of the net defined benefit liability (905) (905) Non-controlling interests 53 62 Non-current liabilities 1,443 1,481 Liabilities for post-employment and long-term termination benefit plans 1,267 1,260 Other employee benefits 12 10 Loans and borrowings 125 178 Provisions 14 13 Deferred income 2 1 Deferred tax liabilities 23 19 Current liabilities 959 852 Loans and borrowings 197 47 Provisions 155 154 Trade payables 230 238 Deferred revenue and advance payments 125 156 Current tax liabilities 56 54 Other payables 85 85 Employee benefits 93 98 Deferred income 4 4 Derivative financial instruments 14 16 Total Equity and Liabilities 2,548 2,529
Consolidated Statement of Cash Flows (in million Euro) 9m 2014 9m 2015 Q3 2014 Q3 2015 Profit (loss) for the period 38 61 9 33 Adjustments for: Depreciation, amortization and impairment losses 52 48 17 15 Changes in fair value of derivative financial instruments 1 (2) 1 (1) Granted subventions (6) (6) (2) (2) (Gains) / losses on sale of non-current assets 0 (2) 0 (2) Net finance costs 42 43 15 12 Income tax expense 8 11 5 (2) 135 153 45 53 Change in inventories (24) (49) (8) 2 Change in trade receivables 71 19 33 9 Change in trade payables (10) 7 (20) 2 Change in deferred revenue and advance payments 15 28 (14) (13) Change in other working capital (17) (15) (11) (14) Change in non-current provisions (62) (52) (23) (17) Change in current provisions (14) 0 17 15 Cash generated from operating activities 94 91 19 37 Income taxes paid (15) (5) (3) (3) Net cash from / (used in) operating activities 79 86 16 34 Interest received 2 2 1 1 Dividends received 0 0 0 0 Proceeds from sale of intangible assets 3 2 0 0 Proceeds from sale of property, plant and equipment 2 4 1 2 Acquisition of intangible assets (1) (2) 0 (1) Acquisition of property, plant and equipment (20) (23) (8) (9) Changes in lease portfolio 3 (1) 4 (2) Change in other investing activities 0 4 0 2 Net cash from / (used in) investing activities (11) (14) (2) (7) Interest paid (17) (16) (4) (3) Proceeds from borrowings 0 68 0 0 Repayment of borrowings (24) (160) (14) (3) Other financial flows (5) (15) (5) (4) Net cash from / (used in) financing activities (46) (123) (23) (10) Net increase (decrease) in cash and cash equivalents 22 (51) (9) 17 Cash and cash equivalents at January 1 125 194 Effect of exchange rate fluctuations (2) (2) Cash and cash equivalents at end of the period 145 141
Consolidated Statement of changes in Equity (in million Euro) ATTRIBUTABLE TO OWNERS OF THE COMPANY in million Euro Share capital Share premium Retained earnings Reserve for own shares Revaluation reserve Share-based payment reserve Hedging reserve Remeasurements of the net defined benefit liability Translation reserve Total NON- CONTROLLING INTERESTS TOTAL EQUITY Balance at January 1, 2014 187 210 664 (82) 1 - (10) (617) (28) 325 43 368 Comprehensive income for the period Profit (loss) for the period - - 31 - - - - - - 31 7 38 Other comprehensive income, net of tax - - - - (1) - 5-20 24 4 28 Total comprehensive income for the period - - 31 - (1) - 5-20 55 11 66 Balance at September 30, 2014 187 210 695 (82) 0 - (5) (617) (22) 380 54 434 Balance at January 1, 2015 187 210 709 (82) 1 - (11) (905) (16) 93 53 146 Comprehensive income for the period Profit (loss) for the period - - 55 - - - - - - 55 6 61 Other comprehensive income, net of tax - - - - 4 - (5) - (13) (14) 3 (11) Total comprehensive income for the period - - 55-4 - (5) - (13) 41 9 50 Balance at September 30, 2015 187 210 764 (82) 5 - (16) (905) (29) 134 62 196