Ø  Operating results before disposals, changes in fair value and depreciations  at EUR 7.8 million (vs. 34 million in 2012), affected by two non-recurrent elements : the settlement in the Fortis Case of EUR 8.5 million and the European fine of EUR 7.8 million imposed to Recticel group's share.
Ø  Net result, group's share, totals EUR -1.4 million
INTRINSIC VALUE
Ø  Intrinsic value amounts to EUR 288.48 per share on 31 December 2013 compared to EUR 286.4 on 31 December 2012, up slightly despite the negative impact of both non-recurrent elements
DIVIDEND
Ø  Proposed gross dividend of EUR 7.28 per share (+1.1% versus 2012)