RESULTS 

Operating results before disposals, changes in fair value and depreciations at EUR 51.1 million (vs. 39.2 million in 2016).
Net result, group share, totals EUR 45.3 million compared to 31.4 million in 2016.

INTRINSIC VALUE

Intrinsic value amounts to EUR 435.5 per share on 31 December 2017 compared to EUR 369 on 31 December 2016.

DIVIDEND

Proposed gross dividend of EUR 7.60 per share (+1.1% versus 2016).