Order book status

Most of our business is not subject to long-term agreements on fixed volumes or prices. Instead, our business is characterized by long-standing relationships with customers and revolving master agreements. Our activities are focused on demand-driven orders with relatively short lead times which do not provide a basis for forward-looking statements about our capacity utilization or volumes. The business is managed primarily on the basis of regular Group-wide forecasts with respect to the Group’s operational target.

Any disclosure of the Group’s order book status as of the end of a given reporting period therefore would not be indicative of the Group’s short- or medium-term earning power. For this reason, no such disclosure is made in this report.