(Stock Exchange Release) Second part of the release KEMIRA GROUP The figures are audited. All figures in this financial report have been rounded and consequently the sum of individual figures can deviate from the presented sum figure. This Financial Statement has been prepared in compliance with IFRS standards. Kemira Group has corrected a previous year error in accordance with IAS 8. The nature of the error is described in the end of the report. Changes to the accounting policies as of January 1, 2007: - IFRS 7 (Financial Instruments: Disclosures) has been adopted by the Group in 2007 - Revised IAS 1 (Disclosures about capital) has been adopted by the Group in 2007 The Group assesses that the adoption of the revised standards will not have any material effect on its future financial statements. However, the resulting changes will add disclosures to the Financial Statements. 10-12/ 10-12/ INCOME STATEMENT 2007 2006* 2007 2006* EUR million Revenue 654.4 669.5 2,810.2 2,522.5 Other operating income 13.0 17.6 45.9 59.2 Expenses -636.0 -631.9 -2,539.2 -2264.5 Depreciation and impairments -74.3 -33.6 -173.8 -123.5 Operating profit -42.9 21.6 143.1 193.7 Financial income and expenses -15.3 -12.7 -51.9 -37.2 Income from associates 0.2 -1.1 2.1 -2.3 Profit before tax -58.0 7.8 93.3 154.2 Income tax 12.0 -0.1 -25.8 -42.0 Net profit for the -46.0 7.7 67.5 112.2 period Attributable to: Equity holders of the -46.8 6.8 63.7 108.6 parent Minority interest 0.8 0.9 3.8 3.6 Net profit for the -46.0 7.7 67.5 112.2 period BALANCE SHEET EUR million 31.12. 31.12. ASSETS 2,007 2006* Non-current assets Goodwill 626.6 581.0 Other intangible 112.3 108.9 assets Property, plant and 984.3 987.1 equipment Holdings in 5.5 8.1 associates Available-for-sale 102.2 84.3 investments Deferred tax assets 5.2 7.7 Defined benefit pension 34.6 24.6 receivables Other investments 6.4 9.5 Total non-current assets 1,877.1 1,811.2 Current assets Inventories 311.2 293.2 Receivables Interest-bearing 3.2 9.1 receivables Interest-free 548.1 565.4 receivables Total receivables 551.3 574.5 Money market investments - cash equivalents 21.4 35.0 Cash and cash 31.2 41.1 equivalents Total current assets 915.1 943.8 Non-current assets held 35.7 14.4 for sale Total assets 2,827.9 2,769.4 EQUITY AND LIABILITIES 31.12. 31.12. 2,007 2006* Equity attributable to equity holders of the parent 1,072.0 1,069.9 Minority interest 15.3 12.6 Total equity 1,087.3 1,082.5 Non-current liabilities Interest-bearing 431.1 395.1 non-current liabilities Deferred tax 105.5 105.9 liabilities Pension liabilities 74.2 66.8 Provisions 18.8 63.3 Total non-current 629.6 631.1 liabilities Current liabilities Interest-bearing current 625.0 508.5 liabilities Interest-free current 473.6 522.9 liabilities Provisions 6.2 15.5 Total current 1,104.8 1,046.9 liabilities Liabilities directly associated with non-current assets classified as held 6.2 8.9 for sale Total liabilities 1,740.6 1,686.9 Total equity and 2,827.9 2,769.4 liabilities In connection with the strategic review process, it was decided to classify the assets and liabilities of strategic business unit Chemidet as assets held for sale. The strategic business unit belongs to Kemira Specialty Business Area. There are negotiations on going for disposal. The loss recognised in the income statement amounts to EUR 9.2 million. The non-current assets held for sale includes also a land area in Porkkala Finland. The sale contract was signed in 2007 but the ownership of the land will transfer in 2008. * Year 2006 error has been corrected. CONSOLIDATED CASH FLOW STATEMENT EUR million 2007 2006 Cash flows from operating activities Adjusted operating 281.1 232.0 profit Interests -36.3 -30.4 Dividend income 2.0 2.0 Other financing - -1.3 items Income taxes paid -35.6 -45.1 Total funds from 211.2 157.2 operations Change in net working -39.1 59.6 capital Total cash flows from operating 172.1 216.8 activities Cash flows from investing activities Capital expenditure for -66.6 -297.4 acquisitions Other capital -254.4 -164.6 expenditure Proceeds from sale of -0.2 102.9 assets Net cash used in -321.2 -359.1 investing activities Cash flow after investing -149.1 -142.3 activities Cash flows from financing activities Change in long-term loans (increase +, decrease -) 53.7 173.4 Change in long-term loan receivables (decrease +, increase -) 2.5 1.5 Short-term financing, net (increase +, decrease -) 117.8 33.8 Dividends paid -60.8 -46.3 Other 12.3 -0.2 Net cash used in financing 125.5 162.2 activities Net change in cash and cash -23.6 19.9 equivalents Cash and cash equivalents at end 52.6 76.2 of period Cash and cash equivalents at beginning of period 76.2 56.3 Net change in cash and cash -23.6 19.9 equivalents STATEMENT OF CHANGES IN EQUITY Capital paid-in in Share excess of Fair Exchange value capital par value reserve differences Shareholders' equity at January 1, 2006 221.3 257.8 67.1 -33.9 Net profit for the - - - - financial year * Dividends paid - - - - Treasury shares issued to target group - - - - Share-based compensation - - - - Options subscribed 0.3 0.1 - - for shares Exchange differences - - - -1.5 Hedge of net investments in foreign entities - - - 4.5 Cash flow hedging: amount entered in shareholders' - - -4.7 - equity Acquired minority interest - - - - Transfer between restricted and non-restricted equity - - 0.3 - Other changes - - - - Shareholders' equity at December 31, 2006 221.6 257.9 62.7 -30.9 Shareholders' equity at January 1, 2007 221.6 257.9 62.7 -30.9 Net profit for the - - - - financial year Dividends paid - - - - Available-for-sale assets - change in fair value - - 7.2 - Treasury shares issued to target group - - - - Share-based compensation - - - - Options subscribed 0.2 - - - for shares Exchange differences - - - -16.2 Hedge of net investments in foreign entities - - - 6.0 Cash flow hedging: amount entered in shareholders' - - -1.9 - equity Acquired minority interest - - - - Transfer between restricted and non-restricted equity - - 0.2 - Other changes - - - - Shareholders' equity at December 31, 2007 221.8 257.9 68.2 -41.1 Treasury Retained Minority shares earnings interests Total Shareholders' equity at January 1, 2006 -27.5 520.7 13.7 1,019.2 Net profit for the - 108.6 3.6 112.2 financial year * Dividends paid - -43.6 -2.8 -46.4 Treasury shares issued to target group 0.7 -0.7 - 0.0 Share-based compensation - 1.1 - 1.1 Options subscribed - - - 0.4 for shares Exchange differences - - 0.4 -1.1 Hedge of net investments in foreign entities - - - 4.5 Cash flow hedging: amount entered in shareholders' - - - -4.7 equity Acquired minority interest - - -2.3 -2.3 Transfer between restricted and non-restricted equity - -0.3 - 0.0 Other changes - -0.4 - -0.4 Shareholders' equity at December 31, 2006 -26.8 585.4 12.6 1,082.5 Shareholders' equity at January 1, 2007 -26.8 585.4 12.6 1,082.5 Net profit for the - 63.7 3.8 67.5 financial year Dividends paid - -58.2 -2.6 -60.8 Available-for-sale assets - change in fair value - - - 7.2 Treasury shares issued to target group 0.8 -0.8 - 0.0 Share-based compensation - 1.1 - 1.1 Options subscribed - - - 0.2 for shares Exchange differences - - 0.9 -15.3 Hedge of net investments in foreign entities - - - 6.0 Cash flow hedging: amount entered in shareholders' - - - -1.9 equity Acquired minority interest - - 0.4 0.4 Transfer between restricted and non-restricted equity - -0.2 - 0.0 Other changes 0.1 0.1 0.2 0.4 Shareholders' equity at December 31, 2007 -25.9 591.1 15.3 1,087.3 At the end of the year 2006 there were 3,979,670 treasury shares. Of the shares that were granted in connection with the share-based incentive plan 18,938 were returned to Kemira in 2007. A total of 144,143 shares were issued to key persons based on the incentive plan on February 23, 2007. The total equivalent book value of the shares issued amounted to approx. EUR 255,133. The issue does not materially affect the distribution of ownership and voting power in the company. Kemira had in its possession 3,854,465 of its treasury shares at December 31, 2007. Their average acquisition share price was EUR 6.73 and the treasury shares represented 3.1% of the share capital and of the aggregate number of votes conferred by all the shares. The equivalent book value of the treasury shares is EUR 6.8 million. *Year 2006 error has been corrected. KEY FIGURES 2007 2006* Earnings per share, basic and diluted, EUR 0.53 0.90 Earnings per share excluding write-downs, basic and diluted, 0.87 0.90 EUR Cash flow from operations per share, EUR 1.42 1.79 Capital expenditure, EUR 321.0 462.0 million Capital expenditure / 11.4 18.3 revenue, % Average number of shares (1000), basic 1) 121,164 120,877 Average number of shares (1000), diluted 1) 121,194 121,051 Number of shares at the end of the period (1000), 121,191 120,988 basic 1) Number of shares at the end of the period (1000), 121,191 121,204 diluted 1) Equity per share, attributable to equity holders of the 8.85 8.85 parent, EUR Equity ratio, % 38.6 39.2 Gearing, % 92.3 76.4 Interest-bearing net 1,003.4 827.4 liabilities, EUR million Personnel (average) 10,008 9,186 10-12/ 10-12/ 2,007 2006* Earnings per share, basic and diluted, EUR -0.39 0.06 Earnings per share excluding write-downs, basic and diluted, -0.05 0.06 EUR Cash flow from operations per 0.48 0.90 share, EUR Capital expenditure, EUR 95.1 257.1 million Capital expenditure / 14.5 38.4 revenue, % Average number of shares (1000), basic 1) 121,191 120,950 Average number of shares (1000), diluted 1) 121,191 121,099 Number of shares at the end of the period (1000), basic 121,191 120,988 1) Number of shares at the end of the period (1000), 121,191 121,204 diluted 1) 1) Number of shares outstanding, excluding the number of shares bought back. * Year 2006 error has been corrected. REVENUE BY BUSINESS AREA 10-12/ 10-12/ 2007 2006 2007 2006 EUR million Kemira Pulp&Paper 249.8 264.0 1,018.3 993.3 Kemira Water 188.0 171.5 730.5 467.6 Kemira Specialty 102.0 117.2 425.9 456.2 Kemira Coatings 118.4 109.3 625.2 562.8 Other and Intra-Group sales -3.8 7.5 10.3 42.6 Total Group 654.4 669.5 2,810.2 2,522.5 OPERATING PROFIT BY 10-12/ 10-12/ 2007 2006* 2007 2006* BUSINESS AREA Kemira Pulp&Paper -3.2 20.1 66.8 90.8 Kemira Water 5.2 10.3 45.0 35.3 Kemira Specialty -13.9 11.1 13.5 45.8 Kemira Coatings -5.9 -1.5 73.1 72.1 Other and -25.1 -18.4 -55.3 -50.3 eliminations Total Group -42.9 21.6 143.1 193.7 * Year 2006 error has been corrected. CHANGES IN PROPERTY, PLANT AND EQUIPMENT 2007 2006 EUR million Carrying amount at 987.1 865.0 beginning of year Acquisitions of 14.3 151.9 subsidiaries Increases 215.7 154.4 Decreases -2.5 -42.0 Depreciation and -133.2 -106.3 impairments Exchange rate differences and other changes -89.3 -35.9 Net carrying amount at end 984.3 987.1 of period CHANGES IN INTANGIBLE 2007 2006 ASSETS EUR million Carrying amount at 689.9 629.7 beginning of year Acquisitions of 32.2 71.8 subsidiaries Increases 30.4 18.1 Decreases -0.3 -0.4 Depreciation and -40.6 -17.2 impairments Exchange rate differences and other changes 27.4 -12.1 Net carrying amount at end 738.9 689.9 of period CONTINGENT LIABILITIES 31.12. 31.12. 2007 2006 EUR million Mortgages 62.1 64.8 Assets pledged On behalf of own 6.0 19.5 commitments Guarantees On behalf of own 8.3 6.4 commitments On behalf of associates 1.4 32.6 On behalf of others 2.8 1.4 Operating leasing liabilities Maturity within one year 22.4 14.9 Maturity after one 129.0 118.1 year Other obligations On behalf of own 0.4 0.4 commitments On behalf of associates 2.3 2.3 Major off-balance sheet investment commitments Major amounts of contractual commitments for the acquisition of property, plant and equipment on December 31, 2007 were EUR 16 million for the investment of Kemira Coatings in Russia and EUR 3 million for the environmental investment in Pori. Litigation The Group has extensive international operations and is involved in a number of legal proceedings incidental to these operations. Kemira Oyj, Kemira Chemicals, Inc. and Kemira Chemicals Canada, Inc. have received claims or were named in class action lawsuits filed by direct and indirect purchasers of hydrogen peroxide and persalts in US federal and state courts and in Canada. In these civil actions it is alleged that the US plaintiffs suffered damages resulting from a cartel among hydrogen peroxide suppliers. To avoid further litigation costs Kemira Oyj and Kemira Chemicals Inc. have made a settlement agreement, pending court approval, in the US direct purchaser class action. As regards the other claims and suits, the proceedings continue. Finnish Chemicals Oy has received in August 2007 from the European Union Comission a statement of objections in respect to competition law infringements by sodium chlorate producers during 1994-2000 to which statement of objections Finnish Chemicals Oy has given its reply. RELATED PARTY Related party transactions have decreased due to the sale of Kemira's 50 % stake in Swedish filler producer Scanspac (joint venture) in September 2007. Transactions with Scanspac represented about 80 % of the Group's related party transactions. Other than that the related party transactions have not changed materially after annual closing 2006. DERIVATIVE INSTRUMENTS EUR million 31.12.2007 31.12.2006 Nominal Fair Nominal Fair value value value value Currency instruments Forward contracts 942.9 -1.4 389.4 5.5 of which hedges of net investment in a foreign - - 19.6 2.2 operation Currency options 123.3 0.3 88.1 0.2 Bought 65.5 0.1 42.8 - Sold 57.8 0.2 45.3 0.2 Currency swaps 147.2 6.5 115.9 8.4 Interest rate instruments Interest rate swaps 174.0 2.3 109.2 4.7 of which cash flow hedge 164.0 2.0 83.8 4.2 Interest rate options 10.0 - - - Bought 10.0 - - - Sold - - - - Bond futures 10.0 0.2 10.0 -0.2 of which open 10.0 0.2 10.0 -0.2 Other instuments Fair value Fair value Electricity forward contracts GWh 833.6 10.0 GWh 1,227.0 10.4 of which cash flow hedge GWh 833.6 10.0 GWh 1,227.0 10.4 Propane swap contracts Tons - - Tons 1,000.0 -0.1 The fair values of the instruments which are publicly traded are based on market valuation on the date of reporting. Other instruments have been valuated based on net present values of future cash flows. Valuation models have been used to estimate the fair values of options. Nominal values of the financial instruments do not necessarily correspond to the actual cash flows between the counterparties and do not therefore give a fair view of the risk position of the Group. BUSINESS COMBINATIONS The Cytec water treatment business Kemira acquired the Cytec Industries, Inc.'s water treating and acryl amide business on October 1, 2006. Cytec's water treatment business consists of water treatment solutions for industrial and municipal water treatment plants. The acquisition includes five production plants of which three are located in the US (Mobile/Alabama, Longview/Washington, and Fortier/Louisiana), and two in Europe (Bradford /UK and Botlek/the Netherlands). The acquisition of Cytec's water treatment chemicals business is in line with Kemira's growth strategy. It also allows the Group to significantly broaden its current product portfolio and gain greater geographical presence in key markets and inside key customer segments. The acquired business' market regions include the US, South America, Asia and Europe. The total price of the acquisition is approx. EUR 198.5 million. The acquisition was financed with Kemira Group's own existing financing agreements. In addition to the purchase of the business through the asset purchase agreement which was closed October 1, 2006, Kemira signed a share purchase agreement to buy the shares of Cytec Manufacturing BV. The closing and payment of the share purchase agreement took place on January 11, 2007. Kemira has also signed transition service agreements with nine Cytec companies concerning certain transactional services with respect of the products of the business (Overseas units). The assets related to these transition service agreements was transferred to Kemira and paid gradually starting on April 1, 2007. One of these asset transfers was in the form of a share purchase of an existing company. The control over the whole Cytec water treatment business was transferred to Kemira on October 1, 2006. The preliminary purchase price allocation was pending finalization of overseas units, working capital and liabilities. These matters have been finalized since then, resulting in an increase of goodwill mainly from indentified defined benefit pensions according to IAS 19. Fair values Carrying re- amounts corded prior on busi- to busi- ness ness combi- combi- nation nation Intangible assets 15.5 - Property, plant and 91.0 54.7 equipment Inventories 28.8 27.1 Trade receivables and other receivables 40.6 40.6 Cash and cash equivalents 2.0 2.0 Total assets 177.9 124.4 Interest bearing current 5.4 5.4 liabilities Other liabilities 18.2 18.2 Deferred tax 1.7 - liabilities Total liabilities 25.3 23.6 Net assets 152.6 100.8 Cost of business combination (net) 198.5 Goodwill 45.9 Acquisition cost 198.5 Cash and cash equivalents in subsidiary acquired -2.0 Cash outflow on 196.5 acquisition Cash outflow on acquisition 2006 166.2 Cash outflow on acquisition 2007 30.3 Cash outflow on 196.5 acquisition The revenue of the acquired unit for January 1 - December 31, 2007 totaled EUR 291.3 million and operating profit EUR 12.3 million. The Dalquim coagulant business Kemira acquired on April 20, 2007 100% of the shares of two companies (Empresa Lajeana Ltda. & Arapoti Saneamento Ltda.) conducting the coagulant business of Dalquim Industria e Comercio Ltda. Dalquim is one of the leading manufacturers of aluminum based coagulants in the South of Brazil. The revenue of the coagulant business is approximately EUR 12 million. The target companies are located in the south of Brazil and have two production units. Main customer base is the paper industry and municipalities for potable and wastewater treatment. The company will be targeting the fast expanding paper industry and potable and waste water treatment sector in the Southern states of Brazil. The acquisition fits extremely well in Kemira's strategy to enhance its position and mutual synergies as a world leader in chemicals supply for both pulp&paper and water treatment customers on fast growing emerging markets. Kemira Water is already present with production in the Bahia region (North East of Brazil) and in the Sao Paulo state. With this acquisition Kemira will significantly broaden its current product portfolio in Brazil and gain strong geographical presence in the southern Brazilian market. The total price of the acquisition is approx. EUR 10.8 million. Capitalized acquisition costs directly attributable to the combination has not yet been finalized. The acquisition was financed with Kemira Group's own existing financing agreements. Of the total purchase price of EUR 10,8 million, EUR 1,2 million was allocated to intangible assets coming from existing customer list. The acquisition then results in EUR 9,0 million in goodwill, based on the acquired business's expected future earnings and attainable synergies. Fair values Carrying re- amounts corded prior on busi- to busi- ness ness combi- combi- nation nation Intangible assets 1.2 - Property, plant and 0.8 0.8 equipment Inventories 0.2 0.2 Trade receivables and other receivables 1.4 1.4 Cash and cash equivalents 0.1 0.1 Total assets 3.7 2.5 Deferred tax 0.4 - liabilities Other liabilities 1.5 1.5 Total liabilities 1.9 1.5 Net assets 1.8 1.0 Cost of business combination (net) 10.8 Goodwill 9.0 Acquisition cost 10.8 Cash and cash equivalents in subsidiary acquired -0.1 Cash outflow on 10.7 acquisition The revenue of the acquired unit for April 1 - December 31, 2007 totaled EUR 7.5 million and operating profit EUR 1.7 million. Aggregate of other business acquisitions Kemira made the following acquisitions in 2007: TRI-K Industries Inc. (100%), Sustainable Nutrition B.V. (100%), Dickursby Holding AB (70%), OOO Gamma Industrial Coatings (70%), OOO Tikkurila Powder Coatings (70%), Chongqing Lanjie Tap Water Materials Co. (80%) and the Arkema coagulant business. These business combinations are individually immaterial. Fair values Carrying re- amounts corded prior on busi- to busi- ness ness combi- combi- nation nation Trade marks and trade 3.9 - names Other intangible assets 5.4 4.7 Property, plant and 5.6 4.5 equipment Inventories 4.7 4.7 Trade receivables and other receivables 3.1 2.9 Cash and cash equivalents 0.2 0.2 Total assets 22.9 17.0 Deferred tax 1.4 - liabilities Long-term liabilities 0.3 0.3 Other liabilities 4.8 4.8 Total liabilities 6.5 5.1 Net assets 16.4 11.9 Cost of business combination (net) 24.0 Goodwill 7.6 Acquisition cost 24.0 Cash and cash equivalents in subsidiary acquired -0.2 Cash outflow on 23.8 acquisition Effect of business combinations on revenue and profit Kemira's revenue for Jan. 1-Dec. 31, 2007 would have been EUR 3,159 million and operating profit EUR 159 million if all of the business combinations carried out during the period had been completed on January 1, 2007. DEFINITIONS OF KEY FIGURES Earnings per share (EPS): Equity ratio, %: Net profit attributable to Shareholders' equity x 100 / equity holders Total assets - prepayments of the parent / received Average number of shares Cash flow from operations: Gearing, %: Cash flow from operations, Interest-bearing net after change in liabilities x 100 / net working capital Total equity and before investing activities Cash flow from operations Interest-bearing net liabilities: per share: Interest-baring liabilities - cash - Cash flow from operations money market investments / Average number of shares Equity per share: Return on capital employed Equity attributable to (ROCE), %: equity holders of the parent Operating profit + share at end of year / of profit or loss of associates Number of shares at results x 100 / end of year (Net working capital + property, plant and equipment available for use + intangible assets + investments in associates) *) *) Average PRIOR PERIOD ERROR An error was discovered related to the financial statements of 2006 and has been corrected retrospectively according to IAS 8. The error was related to the calculation of the provision made for the closure of the Water Soluble business unit and as a result of this the provision was reported 8 million euro too low. This has been corrected to the fourth quarter result of 2006. The income statement of full year 2006 and the balance sheet at December 31, 2006 were changed as follows: Cor- INCOME STATEMENT Reported rected EUR million 2006 2 006 Revenue 2,522.5 2,522.5 Other income from 59.2 59.2 operations Expenses -2,256.5 -2,264.5 Depreciation -123.5 -123.5 Operating profit 201.7 193.7 Financial income and -37.2 -37.2 expenses Income from associates -2.3 -2.3 Profit before tax 162.2 154.2 Income tax -42.0 -42.0 Net profit for the 120.2 112.2 period Attributable to: Equity holders of the 116.6 108.6 parent Minority interest 3.6 3.6 Net profit for the 120.2 112.2 period KEY FIGURES Cor- Reported rected 2006 2 006 Earnings per share, basic and diluted, EUR 0.96 0.90 BALANCE SHEET Cor- EUR million Reported rected 31.12. 31.12 2006 2006 Equity attributable to equity holders of the 1,077.9 1,069.9 parent Total equity 1,090.5 1,082.5 Provisions 55.3 63.3 Total non-current 623.1 631.1 liabilities Retrospective restated quarterly figures are presented as appendix to this interim report. QUARTERLY EARNINGS PERFORMANCE 2006 (Unaudited figures) 1-3 4-6 7-9 10-12 Total Revenue Kemira Pulp&Paper 209.5 257.9 261.9 264.0 993.3 Kemira Water 92.3 102.1 101.7 171.5 467.6 Kemira Speciality 118.6 107.6 112.8 117.2 456.2 Kemira Coatings 118.6 170.3 164.6 109.3 562.8 Other and intra-Group sales 13.9 9.6 11.6 7.5 42.6 Total 552.9 647.5 652.6 669.5 2,522.5 Operating profit Kemira Pulp&Paper 26.0 20.4 24.3 20.1 90.8 Kemira Water 6.4 9.6 9.0 10.3 35.3 Kemira Speciality 11.3 11.7 11.7 11.1 45.8 Kemira Coatings 9.6 25.0 39.0 -1.5 72.1 Other including eliminations -7.8 -15.2 -8.9 -18.4 -50.3 Total 45.5 51.5 75.1 21.6 193.7 Financial income and expenses -7.1 -5.8 -11.6 -12.7 -37.2 Share of associates' results -0.9 -0.6 0.3 -1.1 -2.3 Profit before tax 37.5 45.1 63.8 7.8 154.2 Income tax -10.9 -13.1 -17.9 -0.1 -42.0 Net Profit 26.6 32.0 45.9 7.7 112.2 Attributable to Equity holders of the parent 25.8 31.0 45.0 6.8 108.6 Minority interests 0.8 1.0 0.9 0.9 3.6 Net Profit 26.6 32.0 45.9 7.7 112.2 Earnings per share, diluted, EUR 0.21 0.26 0.37 0.06 0.90 Capital employed, 1,876.6 rolling ROCE, % 10.2 % This is the end of the second part II/II