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As always, natural catastrophes and adverse developments in the capital markets, as well as factors stated in our cautionary note regarding forward-looking statements, may severely affect the results of our operations.
1 Outlook 2017 based on new definition: restructuring costs without P/H participation will be allocated to non-operating result. Numbers for 2016 not adjusted. Actual operating profit 2016 adjusted to new definition amounts to EUR 10.9 bn.
Source: Analyst presentation on the preliminary results for fiscal year 2016, February 16/17, 2017
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