... the picture remains unclear. We had factored in some significant costs (€-350m) at the EBITDA level for the this internal merger, which did not fully show up (€-290m mentioned in the presentation; €-49m booked as a one-off). Additionally, we had underestimated the effect from the initial savings (€60m) and a more material impact from higher sales prices and an earlier peak in raw material prices.
