Further comments after the annual presentation, and the update of our model. The group reported its Q4 15 earnings. Clean net income came in at €187m, down 66% yoy, leading to a clean EBIT of €1.39bn for the full-year 2015, down 38%. Clean net income was €180m, down 48% yoy and at €1.15bn for the full year, up 1% compared to 2014. Impairments were €1.5bn on lower energy price assumptions in the long term, leading to a net loss of €1.02bn in Q4 15. By division 1)
