• Operating results before disposals, changes in fair value and depreciations at EUR 24.3 million (vs. 7.8 million in 2013). This strong improvement is mainly due to the fact that in 2013 the operating result had been impacted by non-recurring items.
• Net result, group's share, totals EUR -1.1 million

INTRINSIC VALUE

• Intrinsic value amounts to EUR 281.9 per share on 31 December 2014 compared to EUR 288.5 on 31 December 2013

DIVIDEND

• Proposed gross dividend of EUR 7.36 per share (+1.1% versus 2013)