07/01/2009 15:20
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Investor Relations
2008 Third quarter results
07 November 2008 - h 15.15

Executive review:

  • After deterioration in H1 Results, still negative trend in Q3 with:
     - weak volumes but still increase in revenues on a L-f-L
       basis, due to favourableprice trend
     - decrease in EBITDA due to a continuous pressure on
       costs side, mainly fuels
  • Financial profile remains solid thanks to a long standing policy of financialprudence
  • Strong commitment to fixed costs control and cash flow management


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