Pressekonferenz Halbjahresbericht 2012 und Nachhaltigkeitsbericht 2011 E

Press Conference- Half-Year Report 2012- First Sustainability Report

Dietlikon 30 August 2012

A. Affentranger / B. Fellmann / M. Koschenz

© Implenia | Investor Relations | September 2011 | Seite 2

Half-Year Report 2012Highlights

© Implenia | Corporate Center | 30.08.2012 | Page 3

Highlights – First-Half of 2012Favourable start – success story continues

1. Best valuesEBITDA 43.2 million (+ 47.2%) Operating income 24.2 million (+ 96.5%)Consolidated profit 13.1 million (+211.1%)

2. Seasonal cash outflow greatly reduced

3. Net liquidity of 140 million

4. Full order books

in CHF millions

24.2

12.3

19.4

10.512.4

HY12008

HY12012

HY12011

HY12010

HY12009

Operating income


Half-Year Report 2012Swiss Construction and Real Estate Market


Construction Market SwitzerlandVolumes remain high – strong infrastructure construction activities

Real change in the construction IndexReal construction spending in Switzerland

Source: SBV Source: Credit Suisse AG, SBV

Mrd. Frankenin CHF billion


Construction Market SwitzerlandFunds are available – 42% from public sector

Breakdown of turnover in building industryGovernment debt

Source: Reuters EcoWin, OECD, UBS Quelle: Schweizerischer Baumeisterverband (SBV)

Public Civilengineering

Public Structuralengineering

Private Civilengineering

Commercial construction

Residential construction

Year

Source: SBV


Real Estate Market Switzerland

Swiss Net ImmigrationInterest rates

Source: Reuters EcoWin, UBS Source: Swiss Federal Office for Migration, Swiss Federal Statistical Office, Credit Suisse Economic Research

Fundamentals remain intact

Vacancy rate in urban centres < 0.6 %(whole of Switzerland < 1.5%)


Prices compared to disposable incomeUBS Swiss Real Estate Bubble Index

Source: UBS Source: Wüest & Partner; BFS; UBS WMR

Boom – but not overheatedReal Estate Market Switzerland

80100120140160180200220240260280300

80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10

Eigentumswohnungen Einfamilienhäuser Verfügbares Einkommen

Index 1980 = 100

Disposable incomeOwner-occupied apartments Single-family houses


Renovation – the Topic of the FutureSharp increase in renovation applications throughout Switzerland

Source: Baublatt, Credit Suisse Economic Research, Geostat

Applications for refurbishment projects: deviation in the volume of planning applications submitted inlast 6 months from 10-year average, by economic region


Half-Year Report 2012Key figures


in CHF millions June 2012 June 2011 +/- in %

Consolidated revenue 1'194.7 1'084.7 10.1%

EBIT divisions 26.2 15.7 66.6%

Operating income 24.2 12.3 96.5%

2.0% 1.1%

Consolidated profit 13.1 4.2 211.1%

1.1% 0.4%

Key figures and Operating incomeExcellent proof of performance


GC/Services – Revenue and EBITRecord level maintained

581555501513519

HY1 2012

HY1 2011

HY1 2010

HY1 2009

HY1 2008

Revenue

6.1

9.1

6.6

9.59.4

1.6%1.7%

1.2%

1.8%

1.3%

0

2

4

6

8

10

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

HY1 2009

HY1 2008

HY1 2011

HY1 2010

HY1 2012

EBIT

in CHF millions


Secured revenue

Revenue development

GC/Services – Revenue and Orders at 30.06.2012Pipeline well filled

Business Park Terre Bonne, Eysin

2014

17,3%17,5%

2013

66,3%62,0%

2012

95,7%96,8%

prior yearactual year

(Public sector share: 16%)Development of order book

609 598 636 633581

20122011

1.188

555

2010

1.137

501

2009

1.111

513

2008

1.128

519

06.2012

1.617

06.2011

1.6031.783

06.201006.2009

1.473

06.2008

1.247

in CHF millions


Construction started in August 2012 , construction time approx. 2 ½ years

JTI

Parktower

GC/Services – Major ProjectsSuccessfully renewed and better diversified regionally

Buildings successfully handed over on 30.6 and 31.7. full operations start mid-September

Europaallee Site C

Europaallee Site A

Integrated business model fully applied

Successful replacement of major projects coming to an end planned completion February 2013


Real Estate (Project Development) – Portfolio and EBITStrong result – sustained success confirms strategy

229

170169188

253

HY1 2012

HY1 2010

HY1 2009

HY1 2008

1. HJ 2012

Real estate portfolio

0

2

4

6

8

10

12

HY1 2012

10,6

HY1 2011

8,9

HY1 2010

10,3

HY1 2009

4,2

HY1 2008

1,2

EBIT

in CHF millions


Real Estate (Project Development) – Regional DistributionFrom "West" to "East"

Regionally balanced portfolio Focus on structurally strong areas

around Lake Geneva and in the Zurich economic area

Project development team strengthened Many projects at realisation stage in the

Zurich area Consistent investment behaviour

8%

60%

18%EAST

15%ZURICH

CENTRAL

WEST

13%

40%

9%EAST

38%ZURICH

CENTRAL

WEST

2009 2012

Sour

ce: W

üest

& Pa

rtner

, BfS

Growth in population (2001-2010)

Increased by:9% and moreDecrease in population

0-3%6-9% 3-6%


Infrastructure – Revenue and EBITBack on Track – despite the cold February

511535505500 514

HY1 2011

HY1 2010

HY1 2009

HY1 2008

HY1 2012

Revenue

-6.7

-12.8

-6.7-7.4-6.0

-1.3%

-2.5%

-1.3%-1.5%

-1.2%

-15

-10

-5

0

-4.5%-4.0%-3.5%-3.0%-2.5%-2.0%-1.5%-1.0%-0.5%0.0%

HY1 2011

HY1 2010

HY1 2012

HY1 2009

HY1 2008

EBIT

in CHF millions


Secured revenue

Infrastructure – Revenue and Orders at 30.06.2012Outstanding order intake creates confidence

Bridge raising, Brüttiseller Kreuz

2014

2,3%9,5%

2013

23,5%22,5%

2012

83,0%85,8%


Revenue development

614 619 666 636

514

20122011

1.147

511

2010

1.201

535

2009

1.123

505

2008

1.115

500

Development of order book

961790

951912

629

06.201206.201106.201006.200906.2008

(Public sector share: 74%)

in CHF millions


Infrastructure – Takeover of LocherInfrastructure modernisation as an important trend Modernisation of infrastructure topic of the

future Acquisition of Locher Bauunternehmer AG Bundling of existing and new resources:

Hydro Tunnel refurbishment Concrete repair Grinding/drilling

Ambitious goals New management

Proportion of new building, renovation and public maintenance

Source: BfS

Public maintenanceWorkrenovationNew building


Industrial Construction – Revenue and EBITBest performer: Tunnelling Switzerland

838671

85

165

HY1 2012

HY1 2011

HY1 2010

HY1 2009

HY1 2008

Revenue

10.39.410.2

13.7 12.8

7.8%

12.4%10.8%

14.3%16.1%

0

5

10

15

20

0%5%10%15%20%25%30%35%40%

HY1 2009

HY1 2008

HY1 2012

HY1 2011

HY1 2010

EBIT

in CHF millions


Secured revenue

Industrial Construction – Revenue / Orders at 30.06.2012Declining market in Switzerland compensated by Norway

Gevingåsen Tunnel, Stjørdal

31,1%16,7%

2013

56,0%46,9%

2014

98,7%92,4%

2012


Revenue development (IFRS)

73 7280

179 165

20122011

263

83

2010

166

87

2009

143

71

2008

158

85


705615

806984

783

06.201106.2010 06.201206.200906.2008


in CHF millions


Industrial Construction Tunnelling – Revenue and EBITShrinking volumes but outstanding operational performance

7883

71

83

70

HY1 2012

HY1 2011

HY1 2010

HY1 2009

HY1 2008

Revenue

11.511.513.2

17.115.2

21.9%

14.7%13.8%

18.6%20.5%

0

5

10

15

20

0%5%10%15%20%25%30%35%40%

HY1 2012

HY1 2009

HY1 2008

HY1 2011

HY1 2010

EBIT

in CHF millions


Industrial Construction Tunnelling – Middle EastStart-up poses huge challenges

Muharraq project Start Sept 2011, completion May 2013Construction costs USD 11.5 million

Al Ain project Start Feb 2011, completion end of March 2012Construction costs USD 12.0 million

Legend:Muharraq project

Al Ain project

A: Hub Middle East, Bahrain

B: Abu Dhabi Branch Office

A

B

Muharraqproject

Al Ainproject


Industrial Construction Prime Buildings – EBITBreak-even beyond reach – new positioning

-3,4

HY1 2012

-1,5

-3,5

-2,5

-1,5

-0,5

-2,1

-3,0

HY1 2009

HY1 2011

HY1 2008

-1,1

-3,0

HY1 2010

-2,0

-1,0

0,0

EBIT

Currently part of Tunnelling Division Balancing resources therefore difficult Limited operational synergies

Consultancy function only (except Torre in Turin)

No critical mass

New positioning being drawn up

in CHF millions


Industrial Construction Norway – 1 year following takeover Substantially improved market position

Major successes: Development of order book impressive,

high hit rate Exchange of personnel and know-how

transfer between Switzerland and Norway

Targeted acquisitions Attractive employer (good name in the market)

Major projects currently under way: Brokke

470 million NOK, hydroelectric power plant E39 Bergen

328.7 million NOK, tunnel and road construction (hybrid)

Drammen126.1 million NOK, rail infrastructure

FV 541 Bømlo120.5 million NOK, tunnel and road constr. (hybrid)

Performance of order book (in NOK million)

1.400

1.200

1.000

800

600

40006.

201204.

201202.

201212.

201110.

201108.

201106.

201103.

201112.

201009.

201006.

201003.

2010

Consolidation as of 18.07.2011


Half-Year Report 2012IFRS reporting



EBIT divisions 26.2 15.7 66.6%

Miscellaneous / Holding -2.0 -3.4

Operating income 24.2 12.3 96.5%

2.0% 1.1%

Financial result (net) -5.8 -5.5

Pofit before tax 18.5 6.8 170.5%

1.5% 0.6%

Tax -5.3 -2.6

Consolidated profit 13.1 4.2 211.1%

1.1% 0.4%

EBIT – Operating income – Consolidated profitFinancial performance clearly improved


Miscellaneous / HoldingGroup costs under control

Impact on operating income

-1,949

Amortisation of intangible

assets

-321

IAS 19

1,700

Holding-overhead/ Misc.

costs

-3,328

HY1 2012 HY1 2011

Holding-overhead/ Misc.

costs

-2,716

Impact on operating income

-3,389

Amortisation of intangible

assets

-945

IAS 19

272

in CHF millions


Record figuresIncome statement – Key figures

EBIT divisons Operating income

2012

54,6

3,0% 26,2

2011

93,5

15,7

77,8

3,7%

2010

77,0

19,1

57,9

3,2%

2009

80,0

16,1

63,9

3,5%

2008

70,0

15,4

2009

67,6

10,5

57,2

3,0%

59,0

23,7

35,3

58,3

19,4

2008 2012

24,2

2011

93,7

12,3

81,3

3,7%

2010

77,7

3,3%

HY1HY1

*

2,6%

* HY 1 Sale of Privera CHF 11.3 million

HY2 Margin HY2 Margin

in CHF millions


Income statement – Key figures

EBITDA

2012

43,2

2011

140,5

29,4

111,1

5,6%

2010

112,6

36,6

76,0

4,7%

2009

104,6

29,1

75,5

4,6%

2008

98,5

43,7

54,8

4,2%

HY1

Trend continues

4,2

57,2

2,4%

2010

52,5

12,5

40,0

2,2%

2009

47,1

6,2

2,1%

2008

40,0

16,8

1,7%

2012

13,1

2011

61,4

HY1

Consolidated profit

*

*

23,2 40,9

* HY 1 Sale of Privera CHF 11.3 million

HY2 Margin HY2 Margin

in CHF millions



Cash and cash equivalents, securities 351.3 247.0

Debtors / work in progress 761.2 712.5

Real estate operations 252.7 229.4

Other current assets 115.1 112.0

Total current assets 1'480.3 1'300.9 13.8%

Total non-current assets 417.4 368.8 13.2%

Total ASSETS 1'897.7 1'669.7 13.7%

Balance sheet – AssetsCash is king



Current financial liabilities 4.6 1.4

Creditors / work in progress 847.4 706.6

Other current liabilites 215.1 190.4

Total current liabilities 1'067.1 898.4 18.8%

Non-current financial liabilities 206.5 198.4

Deffered taxes, provisions 89.3 76.7

Total non-current liabilities 295.8 275.1 7.5%

Equity and non-controlling interest 534.8 496.2 7.8%

Total LIABILITIES 1'897.7 1'669.7 13.7%

Balance sheet – LiabilitiesProject and income accruals greatly improved


Group Financing – New Syndicated Loan 2012-2017Funding secured for 5 years

New syndicated loan Credit line confirmed for 5 years (150 million cash and 350 million guarantees) Step-up option bond refinancing guaranteed (cash +100 million / guarantees -100 million) Attractive conditions Clear oversubscription (19 banks)

Other credit lines Further unused bilateral lines for around 25 million cash and around 150 million guarantees

Cash facility via syndicated loan Guarantee facility via syndicated loan

in CHF millions

150150

250249250

050

100150200250300350400450500

from 08.1206.1206.1106.1006.0906.08

Credit lineUse

194160149171182

450450

350

250250

050

100150200250300350400450500

from 08.1206.1206.1106.1006.0906.08

Credit lineUse

new: 150

new: 350


Cash Flow StatementsSeasonal cash outflow greatly reduced

8.327.4

13.1

Free-Cash-Flow

-29.4

Cash flow investments

-13.7

Other transactions

-9.8

Other changes in NWC

-49.0

Cash flow for real estate

transactions

-5.7

Change in advance

payments

Non-monetary transactions

Result

2012:

18.84.2 -28.0

-101.4

-7.3-9.8

-66.7

-12.6

2011:

in CHF millions


Half-Year Report 2012Sustainability Report 2011


SustainabilityImplenia – Sustainability Report 2011

"We want to createsustainable values."


Economy

Society

Environment

Society

EconomyEnvironment

Why sustainability?Our understanding – the three circle model


Sustainability and our sector

▪ Climate change▪ Scarcity of resources (energy,

water, etc.)▪ Loss of biodiversity▪ Environmental pollution

▪ 30% of greenhouse gas emissions

▪ 40% of energy consumption▪ 75 % of waste generated

Challenges Importance of the construction sector

Environment


SocietySustainability and our sector

▪ Health/safety▪ Population growth▪ Demographic change▪ Mobile society▪ Urbanisation▪ Equal opportunities

▪ Infrastructure Switzerland 3,400,000 apartments 1,500,000 buildings 70,000 km of streets 5,000 km railway track

▪ 50,000 accidents at work/year



EconomySustainability and our sector

▪ Sustainable investors / shareholders

▪ Pressure of competition▪ Lack of specialist employees▪ Volatility of the markets▪ Globalisation

▪ CHF 55 billion turnover p.a. on average

▪ 1/3 public money▪ 300,000 jobs



Responsibility of the sector and of ImpleniaSustainability

"What we do – and do not do –has a major impact on the

environment, the economy and society at large."


The wishes of a growing number of clients

The personal aims of our current and future employees

The aims of an increasing number of shareholders

The function and commitment of our management

The link between economic success

and maintaining an intact environment

and social responsibility is demonstrated in

Why sustainability?Because we take the needs of our stakeholders seriously


Our five key itemsImplenia's Sustainability Report

- Client relationships

- Products and services

- Supplier relationships

- Energy and resource efficient

- Further training

- Talent management

- Work safety and health protection

- Code of Conduct

- Stakeholder dialogue

- Communication

- Support and sponsorship

Sustainable products and

services

Handling the environment

with care

Attractive working

environment

Social commitment

and compliance

- Sustainable improvement in results

Financial excellence


SustainabilityFive Key items


First key item (1/2)Sustainable products and services

"Make a contribution to core business"

Advise customers earlyand comprehensively

Individual customer activities in the divisions

Launch group-wide keyaccount management

Push ahead with initiationand realisation ofsustainable constructionprojects

Building Construction 4 pilot projects in planning Collaboration on Swiss

Sustainable ConstructionStandard, SIA Efficiency Path 2040 (2000-Watt Society)

GeNaB® consistently appliedto developments

Civil Engineering andInfrastructure Construction Collaboration on initial formu-

lation of «Sustainable Con-struction in Civil Engineering/Infrastructure Constructionstarted

Building Construction Work on one «Swiss Sustainable

Construction Standard» project Continuously check compliance

with sustainability criteria in ongoing projects

Keep developing and consistentlyapplying GeNaB®

Civil Engineering andInfrastructure Construction Work on concrete «Sustainable

Construction in Civil Engineering and Infrastructure» projects

Goal Status in 2011 Activities by 2012/2013


First key item (2/2)Sustainable products and services

"Make a contribution to core business"

Define and implementcriteria for suppliers

No activities yet Define, implement and reviewcriteria for suppliers

Intensify networkingbetween divisions

Know-how-transfer andcooperation in early projectphases has been strengthenedand put into practice in variousprojects

Make «Sustainable Overall Construction» a reality basedon Implenia’s corecompetences

Consistent cooperationbetween divisions



Example 1Sustainable products and services

Beacon project in the city of Basel, at the cutting edge of environmental thinking that meets the “2000-Watt Society” criteria.

Highlight "schorenstadt" pilot project “Real Estate Award”Project development


Second key itemAttractive working environment

"Ideal partner for our employees"

Recruit from within Succession planning launched

Successfully implement CAS Construction Cost Planning

Continue existing training anddevelopment offering

Use training anddevelopment to nurtureemployees

CAS Construction CostPlanning launched

Implement successionplanning/talentmanagement/Icademy

Reduce number ofoccupational accidentsand number of lost hoursthey cause

«Vital rules on the buildingsite» awareness campaigncarried out

Use training and controlmeasures to reduce slips, tripsand accidents involving toolsand equipment



Example 2Attractive working environment

Highlight Construction Cost Planning GU/TU

Development of the Certificate of Advanced Studies in cooperation with the Lucerne University.


Third key itemHandling the environment with care

"Securing resources for the future"

Record, and analyze thematerial, energy andwaste flows that Implenia can influence, and takemeasures to reduce them

Data recording conceptmapped and implemented in SAP, staff trained in recordingconcept

Interpret initial data, setreduction targets andimplement reduction measuresfor 2013

Continue employeeawareness raisingcampaigns

Awareness campaigns carriedout on energy, water and fuel

Eco-Drive courses carried out for some machinery operatorsand office personnel

Carry out awarenesscampaigns to realise reductiontargets

Complete Eco-Drive coursesfor machinery operators andoffice personnel

Further develop energyand resource efficiency in production facilities

Invest in asphalt mixing plant in Valais to preserve resourcesthrough hot recycling

Use renewable energy forasphalt production



Example 3Handling the environment with care

Highlight reduction in fuel consumption

Training for 75 lorry drivers. By using green driving methods 120,000 litres of diesel can be saved and CO2 emissions reduced by 300 tonnes p.a.


Fourth key pointSocial commitment and compliance

"Create trust"

Consolidate the Code ofConduct as part ofcorporate culture

Code of Conduct completed; initial training

Carry out consistent trainingvia e-learning platform, reviseCode of Conduct

Include all stakeholders in dialog

Further strengthening of dialogwith employees, customersand shareholders

Broaden dialog with society, thus making Implenia moretangible to the general public

Create transparency aboutImplenia’s sustainabilityactivities

Reporting concept developed, reporting started

Start to formulate secondsustainability report



Broadly supported, direct contact with the public is vital for the success of a project. For this reason Implenia organises regular public viewings of its construction sites.

Highlight interaction with stakeholder groups

Example 4Social commitment and compliance


Fifth key itemFinancial excellence

"Guarantee further development"

Create financial value («economic profit»)

Goal Foundations laid for

introduction of «Value-Oriented Management»

Introduce Value-Oriented Management

Status in 2011 Activities by 2012/2013

Economic Profit = Operating income after tax _ (Invested Capital x WACC)

Growth Cost efficiendy Capital efficiency

Value drivers

(NOPAT)


Implenia has achieved the Kempen SRI Universe Standard. The stamp of quality for European companies who show exemplary commitment towards their employees,society and the environment.

Highlight stamp of quality in the financial market

Financial excellenceExample 5


SustainabilityHow to continue


Implenia's Sustainability ReportOur current positioning ... where do we want to go?

Based on PwC

Focus on the reduction of risks

Observe the minimum Adjust to the demands

of the law, the market and society

Backwardness re innovations

Compliance

Minimise risks

Observe demands

Attract and retain talents

Stakeholder commitment for innovations

Sustainable processes and products

Strengthens reputation and increases value

Reduce costs Seek out competitive advantage

Proactive attitude

Integration in the corporate culture

Sustainability management

Key figures and continuous improvements

Always one step ahead

Agenda setting

Shape and transform

Sustainable work

Focus on cost reduction and increased productivity

Clean technology Ecological efficiency Corporate policy Management systems

Increase efficiency

today Future

Sustainable strategyValue conservation Generate added value


Sustainability is our passion

"With the development of sustainable solutions Implenia creates added value for all its

stakeholders"


Half-Year Report 2012Outlook


Order book Juli 2012 Juli 2011Real Estate 1'649.4 1'620.6 Infrastructure 950.7 754.9 Industrial Construction 674.5 591.6 TOTAL order book 3'274.6 2'967.1

Confidence due to good order book

Secured revenue as of July 2012

Outlook

15.0%

46.9%

201420132012

94.0%

(PY: 92.7%)

(PY: 47.8%)

(PY: 14.1%)

Neugrüen, Mellingen


06.2012

3.283

06.2011

3.008

06.2010

3.540

06.2009

3.369

06.2008

2.659


in CHF millions


Initiatives

Increased client and market-orientation

Growth initiatives

Risk management as a core competence

New Enterprise Risk Management (ERM) Improved risk and project management in GC SAP as standard tool Group wide

Current activities

OutlookConsistent implementation of our strategy

Employee orientation

Process optimisation

"Modernisation" of Building Construction and Infrastructure Expansion of resources in Norway (locally and from Switzerland) Health as a new focal topic

Optimised Group organisation Expansion of Account Management

Implenia Academy for Management Talent management and succession planning

Setup of central procurement with international competence Centralisation of Infrastructure logistics Apply "One Company" spirit


Disclaimer

THESE MATERIALS DO NOT CONSTITUTE OR FORM PART OF ANY OFFER TO SELL OR ISSUE, OR ANY SOLICITATION OR INVITATION OF ANY OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES, NOR SHALL PART, OR ALL, OF THESE MATERIALS OR THEIR DISTRIBUTION FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH, ANY CONTRACT OR INVESTMENT DECISION IN RELATION TO ANY SECURITIES.

THE MATERIALS MIGHT CONTAIN FORWARD-LOOKING STATEMENTS BASED ON THE CURRENTLY HELD BELIEFS AND ASSUMPTIONS OF THE MANAGEMENT OF IMPLENIA AG (THE "COMPANY", AND TOGETHER WITH ITS SUBSIDIARIES, THE "GROUP"), WHICH ARE EXPRESSED IN GOOD FAITH AND, IN THE MANAGEMENT’S OWN OPINION, REASONABLE. FORWARD-LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS, WHICH MAY CAUSE THE ACTUAL RESULTS, FINANCIAL CONDITION, PERFORMANCE, OR ACHIEVEMENTS OF THE GROUP, OR INDUSTRY RESULTS, TO DIFFER MATERIALLY FROM THE RESULTS, FINANCIAL CONDITION, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS. GIVEN THESE RISKS, UNCERTAINTIES AND OTHER FACTORS, RECIPIENTS OF THIS DOCUMENT ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS. THE GROUP DISCLAIMS ANY OBLIGATION TO UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT FUTURE EVENTS OR DEVELOPMENTS. OPINIONS AND FORWARD-LOOKING INFORMATION PRESENTED HEREIN ARE BASED ON GENERAL INFORMATION GATHERED AT THE TIME OF WRITING.

THE GROUP GIVES NO WARRANTY AND WILL NOT ACCEPT ANY LIABILITY FOR ANY DAMAGES WHATSOEVER (INCLUDING CONSEQUENTIAL OR INDIRECT DAMAGES OR LOST PROFIT) RELATING TO THE PROVIDED MATERIALS.

Documents

Pressekonferenz Halbjahresbericht 2012 und Nachhaltigkeitsbericht 2011 E