Solid improvement in 2004 and positive perspectives for 2005
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8% organic volume growth in 2004 compared with 2003.
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2004 operating profit EUR 489 million, up 66% from 2003.
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Net profit from ordinary activities in 2004: EUR 359 million (+54%).
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Q4 operating profit EUR 113 million, up 23% from 2003.
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Previously announced exceptional items in Q4 lead to a EUR 99 million
exceptional loss.
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Dividend unchanged: EUR 1.75 per ordinary share.
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Outlook: Q1 2005 operating profit substantially higher than Q1 2004 operating
profit (which was EUR 131 million based on IFRS).
The net result for Q4 2004 includes a net result from exceptional items, in
line with earlier announcements. The net result from exceptional items has
been established at EUR 99 million negative and relates to impairments and
restructuring provisions.