• Q3 volumes missed but EBITDA beat. Company maintained its outlook of 4-8% organic EBITDA growth• As expected, it also announced a share buyback program, USD 6bn for 24 months. On top it reinstalled an interim dividend• Based on today's results we expect to marginally raise to our estimates. We maintain our Buy rating - TP raised to EUR 70 (from EUR 65.0 before)
