The group achieved some acceleration in revenue and profit growth in Q3, but as net earnings fell slightly short of our expectation, our full-year number is unlikely to be reached. Through to September, sales were up by 15% to €12.75bn, EBIT by 17% to €1.08bn, and net profit by 8.4% to €683m. We do not call this a genuine recovery after two consecutive years of falling profits.
