RCA
RCA

RCA Corporation, founded as the Radio Corporation of America, was an American electronics company in existence from 1919 to 1986 when General Electric took over the company in 1985 and split it up the following year.The RCA trademark is used by Sony Music Entertainment and Technicolor, which licenses the name to other companies such as Audiovox and TCL Corporation for products descended from that common ancestor. Wikipedia.


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Grant
Agency: Cordis | Branch: FP7 | Program: CP | Phase: ICT-2007.3.2 | Award Amount: 15.52M | Year: 2008

Organic electroluminescence (OLED) holds the promise to deliver flexible, thin, lightweight and power-efficient light sources. Research up until now has been mainly motivated by work on glass-based displays, where the aspects of increased contrast, high viewing angle and response speed are critical. However, intelligent lighting applications are becoming increasingly relevant; here, the unique properties of OLED for high power-efficiency, uniform large-area light emission, and flexibility can give rise to a range of products that can transform the world we live in.\n\nThe overall objective of Fast2Light is to develop novel, cost-effective, high-throughput, roll-to-roll, large area deposition processes for fabricating light-emitting polymer-OLED foils for intelligent lighting applications.\n\nThe scope of the project comprises all of the layers that are part of an OLED lighting foil. It will start with the substrate choice, and introduce high-throughput deposition and patterning methods for all of the materials necessary to fabricate the final lighting foil. In doing so, it will become clear what device architectures and designs are best suited to integrate these new deposition and patterning methods. The interplay between the choice of device architecture and processing methods will be unravelled and a set of design rules for a manufacturable product will be determined, together with a final process flow. Results will be measurable in the form of demonstrators that prove the performance of the technologies and the design rules.


Among the various industrial minerals needed by the EU industry, perlite is highly important both from technological and economic point of view with many applications in Construction (ceiling tiles; mortars, as loose-fill insulation), Chemical industry (cryogenics, filter media for chemicals, food products, water purification) and in horticultural applications. Conventionally expanded perlite has a number of favourable properties (inert, fire resistant and incombustible, good sound and thermal insulation) but is also characterised by low strength, lack of durability, high porosity and easy deterioration that limit the range of its applications and affect the quality of conventional perlite based products. These unfavourable properties originate from the sponge-like open structure of expanded perlite granules, which results from the technology of the expansion process. However, with the application of innovative expansion techniques (indirect heating, microwave) it is possible to produce micro-sized perlite particles with spherical shape and closed structure (CSP), which have all the favourable properties of the conventionally expanded ones and also enhanced mechanical (strength, durability) and physical properties ( porosity, thermal conductivity). The objective of this proposal is the production of micro-sized closed structure perlite with the application of breakthrough perlite expansion technologies and the development of a new generation high added value end- products based on CSP, including preformed insulating products (panels, boards and bricks), mortars and functional fillers tailored for the Construction, Manufacturing and Chemical industry The new CSP-based end-products will present a good number of favourable properties as they will be lightweight, inert, non toxic, recyclable, of high strength, with improved insulating properties, incombustible, unchangeable over time under and of low cost highly attractive for the European consumer.


Grant
Agency: Cordis | Branch: H2020 | Program: IA | Phase: EEB-01-2016 | Award Amount: 5.86M | Year: 2016

INNOVIP Consortium will reinvent the top-of-the-line insulating material vacuum-insulation-panels (VIP) by improving their thermal performance over the entire lifetime by at least 25 % and making VIPs adjustable, mountable and machineable. By reducing the density of the core material and/or using an alternative core material together with less expensive VIP-envelopes as gas barrier, it will be possible to sell the new product INNOVIP by more than 20 % lower price. Besides, the new product has a reduced embodied energy by at least 25 % and, attaching different cover layers, the panels can fulfill different functions. These additional functions can be adjusted according to the application they address, for example photocatalytic VOC removal from indoor- and outdoor air, anti mould coating, moisture buffering by Aluminium Compounds or summer heat cut-off by latent heat activated in phase change materials (PCMs). Currently there is no such material on the market. INNOVIP will develop such an innovative solution which will lead to a breakthrough in energy efficiency of the opaque parts of the building envelope both in new built and existing houses. The success of the development process will be demonstrated in two prototypes that can be tested and validated. Development tasks will be carried out in close cooperation with the three complementary and reputed participating testing laboratories. We will show that, in principle, the new product is ready for use in certain important and representative applications, addressing a relevant market volume by replacing conventional insulating materials and standard VIP in established insulation solutions.


Grant
Agency: Cordis | Branch: FP7 | Program: CP | Phase: ICT-2011.3.6 | Award Amount: 4.85M | Year: 2011

The main objective of the IMOLA project is the realization of a large-area OLED-based lighting module with built-in intelligent light management. Interesting applications are wall, ceiling and car dome lighting, where the light intensity can be adjusted uniformly or locally according to the time of the day or the position of a person, or even road lighting, where the light can follow a car.\n\nThe front side of the module consists of OLED tiles attached and interconnected to a flexible backplane foil. In an early stage of the project, individual tiles (on glass as well as on foil) will be used, but in a later stage OLED tiles on the roll will be laminated and interconnected to the backplane.\n\nThe backplane of the module contains the integrated driver electronics for the brightness control of the individual OLED tiles. A very thin and efficient smart-power chip converts a single 40V supply voltage into a controllable DC current for each OLED tile. This power converter chip employs an external passive component (inductor) that will preferably be embedded into the backplane foil. As the smart-power chip also allows the integration of dense CMOS circuitry, extra functionality and intelligence can be implemented on the chip. This includes optical feedback to eliminate non-uniformities between the tiles or to compensate OLED degradation effects. Other sensor functions can provide maximum interaction with the environment. Furthermore, advanced communication features, e.g. by means of PLC techniques across the power supply lines, can enable intelligent brightness control from a central unit.\n\nWithin the consortium, all necessary expertise is available to ensure perfect coverage of all technological aspects (such as OLED and backplane foil development, chip placement, electrical interconnect, component embedding and lamination) as well as all design aspects (driver chip design, inductor design and EMC) in this challenging project.


Grant
Agency: Cordis | Branch: FP7 | Program: CP | Phase: EeB.NMP.2010-1 | Award Amount: 6.08M | Year: 2010

NANOINSULATE will develop durable, robust, cost-effective opaque and transparent vacuum insulation panels (VIPs) incorporating new nanotechnology-based core materials (nanofoams, aerogels, aerogel composites) and high-barrier films that are up to four times more energy efficient than current solutions. These new systems will provide product lifetimes in excess of 50 years suitable for a variety of new-build and retrofit building applications. Initial building simulations based on the anticipated final properties of the VIPs indicate reductions in heating demand of up to 74% and CO2 emissions of up to 46% for Madrid, Spain and up to 61% and 55% respectively for Stuttgart, Germany for a building renovation which reduces the U-value of the walls and roof from 2.0 W m-2 K-1 to 0.2 W m-2 K-1. This reduction could be achieved with NANOINSULATE products that are only 25 mm thick, giving a cost-effective renovation without the need of changing all the reveals and ledges. Similarly, significant reductions in U-values of transparent VIPs (3 W m-2 K-1 to 0.5 W m-2 K-1) are shown by substituting double glazed units in existing building stock. Six industrial & four research based partners from seven EU countries will come together to engineer novel solutions capable of being mass produced. Target final manufacturing costs for insulation board (production rates above 5 million m2/year) are less than 7 m-2 for a U-value of 0.2 W m-2 K-1. NANOINSULATE will demonstrate its developments at construction sites across Europe. A Lifecycle Assessment, together with a safety and service-life costing analysis, will be undertaken to prove economic viability. NANOINSULATE demonstrates strong relevance to the objectives and expected impacts of both the specific call text of the Public-Private Partnership Energy-efficient Buildings topic New nanotechnology-based high performance insulation systems for energy efficiency within the 2010 NMP Work Programme and the wider NMP & Energy Thematic Priorities.


The NanoPhoSolar project aims to overcome the limitations relating to the efficiency and performance of a range of photovoltaic (PV) systems by developing a transparent NanoPhosphor down converting material capable of absorbing Ultra Violet (UV) and short wavelength visible light and re-emitting in the more useful longer wavelength visible spectrum(range 525-850nm). This will enable the efficiency of Photovoltaic (PV) cells to be increased by an additional 10% for silicon PV and 25.8% for Cigs or cadmium telluride PV and potentially increase system lifetime. By doing this, the PV system created will offer greatly improved environmental performance due to capture of a larger proportion of the incident visible spectrum. This will lead to significant economic and societal benefits to consumers and manufacturers. The SME consortium target a total in-process coating technology market penetration of 5.5% when applied in the manufacturing process and 0.25% when as applied to existing installed PV systems within a 5 year period post project, achieving direct annual sales of over 66 million, ~470 new jobs and annual CO2 emissions savings of 154,697 tonnes per annum. The project results are expected to benefit other SMEs in the PV and materials processing industry sectors.


Grant
Agency: Cordis | Branch: FP7 | Program: BSG-SME | Phase: SME-2011-1 | Award Amount: 1.49M | Year: 2011

Buildings are a major end-user of European energy, representing 40% of energy consumption and 1,800 million tonnes of CO2 emissions. Improved energy efficiency within buildings is, therefore, a priority objective in enabling Europe to meet its Kyoto Protocol commitments. Whilst a desirable architectural feature enabling enhanced occupier comfort, windows are recognised as a key weak spot in the building envelope, resulting in heat losses during winter months due to inferior insulating properties, and excessive solar heat gain during summer months, resulting in energy-intensive air conditioning. Such window-related losses represent 10% of a buildings energy consumption (4% of Europes total energy use). Whilst super-insulating window designs are commercially available, more limited progress has been made towards cost-effective solar heat gain control (SHGC) technologies. Existing solutions are primarily based on low-cost tinted films that permanently block a proportion of light entering the room (leading to room darkening and negative energy efficiency during winter months). Whilst dynamic (switchable) films have been developed, such materials demonstrate either inferior properties or are cost prohibitive. Integrating emerging materials science with a cost-efficient polymer-extrusion process, the SOLARGAIN project will develop an innovative low-cost all-polymeric switchable reflective SHGC film. The film will enable dynamic optical properties in response to the changing lighting, heating and cooling needs of the room, and thus improved natural lighting, occupier comfort and enhanced energy efficiency. The SHGC films will be incorporated within: A highly-insulated sealed-window-unit design targeting > 90% window-related energy saving A retrofit window-film structure targeting > 90% energy savings associated with room cooling The window systems will integrate photovoltaic and sensor technologies, thereby enabling self-powering and intelligent activation. Achieving cost competitiveness with existing window systems, the SOLARGAIN technology will also demonstrate significant long-term cost savings through enhanced energy efficiency. SOLARGAIN will generate 40 million business growth within a 3 year period, creating 85 new jobs; and has the potential to benefit > 8,000 SMEs operating in wider market sectors.


News Article | February 15, 2017
Site: www.prweb.com

With the rise of the fast-track executive comes a side effect: bold leaders who often haven't been exposed to the basics of managing, and are forced to make it up as they go along. That's what Willy Steiner, a 20-plus year leadership coach for executives and managers, has noticed in his work with major companies like Caterpillar and General Electric, and why he released a new book today titled Discovering the Joy of Leading: A Practical Guide to Resolving Your Management Challenges. The book offers an anthology of models from a wide variety of leadership experts, as well as personal and client experiences, which Steiner uses to illustrate how to solve your own problems quicker, better, and faster. Early in his book, Steiner quotes a fictional conversation between two executives that could very well be real. “What happens if we spend training funds developing our people and then they leave us?” says a CFO to the CEO. “What happens if we don't and they stay?” the CEO replies. According to Steiner, leadership development is just too important to leave out of the yearly or quarterly plans. It's possible—and crucial—to address personnel issues immediately. But the day-to-day work of managing, if not executed well, can crowd out the time and focus needed to be an effective leader. If used correctly, these daily tools—like making the most of your time and building the relationships that matter most, for example—can be just what busy managers need to empower their employees for growth. Steiner's expertise will help leaders to step back and do just that, while examining multiple areas of their leadership. The book is a perfect starting point for busy leaders, since it offers a buffet of methods from other leadership experts—it's like having dozens of leadership books in one handy resource. When a reader discovers a need for professional growth, he or she can take advantage of Steiner's wide network and recommendations for further study in that area. Steiner is no stranger to the business of managing. He spent time at major companies such as RCA, General Electric, and Galileo International before starting his own firm, Executive Coaching Concepts. At ECC, he has spent the last 19 years helping executives hone their leadership skills. Advanced praise for Discovering the Joy of Leading has been abundant. Discover the Joy of Leading, out today from ECC Publishing, includes five main sections on basic leadership concepts like managing time and handling change. For more information and to sign up for updates about the book, visit executivecoachingconcepts.com. About the Author Willy Steiner is the President of Executive Coaching Concepts, an executive coaching services firm dedicated to assisting senior executives in taking their individual and organizational performance to the next level. He fine-tuned his skills in leading organizational change, building high performing teams and in devising innovative incentive systems with General Electric, RCA Corp., and Galileo International. Discover the Joy of Leading: A Practical Guide to Resolving Your Management Challenges By William G. Steiner ECC Publishing February 6, 2017 Hardcover, $16.95; 311 pages 978-1-62634-175-3


NEW YORK, Feb. 14, 2017 /PRNewswire/ -- American Finance Trust, Inc. ("AFIN") and American Realty Capital – Retail Centers of America, Inc. ("RCA") announced today that, based on the final vote tally from each company's special meeting of stockholders held earlier, stockholders approved...


News Article | February 22, 2017
Site: globenewswire.com

Paris (France), 22 February 2017 - Technicolor (Euronext Paris: TCH; OTCQX: TCLRY) announces today its results for the full year 2016. "Following the successful integration of our 2015 acquisitions, our operating businesses are now well positioned to seize growth opportunities while continuing to invest in innovation. Our focus moving forward will be to capture opportunities arising out of the emergence of new immersive premium content experiences and new delivery technologies." The Group will pursue its deleveraging with the aim to reach a net Debt to Adjusted EBITDA ratio of 0.8x following which it will increase the return paid to shareholders. These objectives are calculated based on constant exchange rates, and integrate the uncertainties in determining the timing to resolve the patent litigation against Samsung Electronics and the money at stake. Reflecting what has been learned from 2016 experience, Technicolor has now the ambition to achieve an Adjusted EBITDA of around €680 million and a free cash flow in excess of €280 million in 2020. These ambitions assume a regular progression of the Adjusted EBITDA from 2017 to 2020 and are at constant rate and perimeter. The Board of Directors of Technicolor has decided to propose to the 2017 Annual General Meeting of Shareholders the payment of a cash dividend of €0.06. Technicolor shares will trade ex-dividend as from the beginning of the trading session on 22 June 2017. Holders of Technicolor shares on 21 June 2017 selling their shares as from such date will keep their right to the dividend. Summary of consolidated results for the full year of 2016 (unaudited) Group revenues increased by 34.8% at constant currency, reflecting the change in scale of Connected Home and Entertainment Services. The two segments combined recorded revenue growth of 48.2% year-on-year at constant rate resulting from the contribution of the acquisitions completed in 2015 and double digit organic growth in Production Services activities. Adjusted EBITDA from continuing operations reached €565 million in 2016, stable compared to 2015, as the increased scale of Connected Home and Entertainment Services fully offset the expected decline of the Technology segment resulting from the sharp decline of MPEG LA contribution. The Adjusted EBITDA margin amounted to 11.6%, down by 3.9 points year-on-year due to the reduced weight of licensing activities. The Adjusted EBITDA was up 28% compared to the 2015 Pro Forma[3] Adjusted EBITDA excluding MPEG LA contribution. Adjusted EBIT from continuing operations amounted to €329 million in 2016, down 11.7% at constant currency compared to 2015. This decrease of €45 million compared to 2015 was mostly driven by the amortization of the purchase price allocation that Technicolor performed in 2016 following the different acquisitions completed in 2015. The lower contribution of the Technology segment, down by €196 million compared to 2015, was fully offset by the Adjusted EBITDA growth of Connected Home and Entertainment Services and lower Corporate costs. EBIT from continuing operations totaled €262 million in 2016, globally flat compared to last year, notwithstanding a significant increase of restructuring costs year-on-year. Restructuring costs amounted to €55 million, up 42.1% at constant currency year-on-year, resulting principally from cost cutting initiatives in the Technology segment, including the shutdown of a laboratory in Germany, and in the DVD Services segment to bring the North American assets of Cinram up to Group's operational efficiency levels. Other non-current assets write-offs were lower by €14 million compared to 2015 and included R&D write-offs in the Connected Home segment for €9 million. The Group's financial result totaled €(156) million in 2016 compared to €(87) million in 2015, reflecting: In 2016, Technicolor settled with all major plaintiffs in the various CathodeRay Tube ("CRT") cartel litigation cases in the US. Such settlements resulted in the recognition of a €95 million non-current expense for the full year 2016. Excluding the impact of the CRT settlements, net income would have amounted to €69 million. Subsequently to these non-current expenses, the reported net income was a loss of €26 million in 2016. Statement of financial position and cash position In order to facilitate reconciliation with the IFRS statement of cash flow, operating cash flow from continuing operations, which is defined as Adjusted EBITDA less net capital expenditures, restructuring cash out and the variation in working capital & other assets and liabilities, amounted to €463 million in 2016, roughly stable compared to 2015, and included: Nominal gross debt was €1,083 million at end December 2016. The Group's cash position was at €371 million at end December 2016. Net debt at nominal value was €712 million at end December 2016, compared to €985 million at end December 2015, resulting in a nominal net debt to Adjusted EBITDA ratio of 1.26x at end December 2016 compared to 1.74x at end December 2015. Connected Home revenues totaled €2,637 million in 2016, up 81.8% at constant currency compared to 2015 as a result of the Cisco Connected Devices acquisition. Revenues were down 12% compared to 2015 Pro Forma[5].This decrease is mainly due to the material decline of revenues in Latin America and Canada. Excluding Latin America, revenues significantly increased year-on-year on a reported basis (up 118%), notwithstanding a relatively slower growth in Asia Pacific as the digitization of the Indian market did not resume in 2016. In 2016, Technicolor secured new major awards and customer wins across all Regions. In North America, Connected Home secured a large number of new awards that will result into substantial market share gains once the products are deployed. Technicolor is now in all categories (Video and Broadband) in the three largest US operators. Connected Home also recorded strong commercial activity in the Europe-Middle East-Africa region, strengthening its leadership in telecom gateways and reinforcing its position in cable gateways. The Group secured several awards in Latin America, thereby maintaining strong customer relationships in an economically challenged region, notwithstanding stronger competition from low cost Asian suppliers. Connected Home also secured numerous customer wins in the Asia Pacific Region in Australia, India and South East Asia. In addition, Technicolor gained its first 4K set-top box contract in Japan through its strategic partnership with Pioneer. The integration of Cisco Connected Devices was implemented successfully in 2016 and resulted in substantial synergies. As a result, the gross margin increased by 1.2 points year-on-year to reach 16.8% in 2016. Adjusted EBITDA amounted to €218 million in 2016, up €142 million compared to 2015, resulting in a significant improvement of the Adjusted EBITDA margin, which reached 8.3% in 2016, up 3.0 points year-on-year at current rate. The Connected Home segment generated material free cash flow driven by the increased profitability of the business and the positive impact of the supply chain transfer on the working capital. Entertainment Services revenues were €1,966 million, up 21.9% year-on-year at constant currency, reflecting: Entertainment Services recorded an adjusted EBITDA of €238 million, up 27.0% at constant rate. This solid performance resulted from the increased weight of Visual Effects and Animation activities and from the rebound of DVD Services adjusted EBITDA in the second half of 2016: Technology revenues amounted to €285 million, down 41.5% year-on-year at constant currency. This decrease was mainly driven by a sharp decline of MPEG LA, down by €256 million year-on-year. The revenue performance was also affected in the second half by the bankruptcy of a RCA trademark licensee. Excluding MPEG LA, Technology revenues grew by 25.5% at constant rate year-on-year, reflecting a strong level of patent licensing activity with the signing of several non-exclusive agreements in Technicolor's programs for Video Coding, Digital TV and Connected Home. The Technology segment recorded an adjusted EBITDA of €192 million, or a margin of 67.3%. Technicolor implemented in 2016 a revised policy in terms of priority applications and a reduction in the size of its very large portfolio (over 30,000 patents at the end of 2016 compared to around 40,000 patents at end 2015). Connected Home revenues amounted to €652 million in the fourth quarter of 2016, up 37.0% at constant currency compared to the fourth quarter of 2015. In North America (52% of sales), Technicolor's revenues more than doubled in the fourth quarter of 2016 compared to the fourth quarter of 2015. In Europe-Middle East and Africa, Technicolor recorded a strong level of activity with key accounts in the region, particularly in next generation broadband product deployments to Vodafone, LGI and Telecom Italia. In Latin America, revenues materially decreased in the fourth quarter of 2016 compared to the fourth quarter of 2015. The depreciation of the Mexican peso against the US dollar accelerated in November, along with the continued economic downturn in Brazil, resulting in substantial capex reductions in the region. In Asia-Pacific, revenues decreased significantly in the fourth quarter of 2016 due to lower shipments of set top boxes in India compared to the fourth quarter of 2015. Entertainment Services revenues (excluding exited activities) totaled €618 million in the fourth quarter of 2016, up 10.3% at constant currency compared to the fourth quarter of 2015: Key Theatrical titles produced in the fourth quarter included The Secret Life of Pets (Universal), Star Trek Beyond (Paramount), Suicide Squad (Warner Bros), Independence Day: Resurgence (Fox), and Deepwater Horizon (Lionsgate), while key Games titles included Call of Duty: Infinite Warfare (Activision) and Gears of War 4 (Microsoft). Technology revenues excluding MPEG LA contribution were up by 13% compared to the fourth quarter of 2015. Including MPEG LA, revenue amounted to €66 million in the fourth quarter of 2016, down c.43% at constant currency compared to the fourth quarter of 2015, mainly driven by the sharp decline in MPEG LA revenues which were particularly strong in the last quarter of 2015 and lower Trademark licensing revenues. The Group signed several patent licensing agreements during the quarter. An analyst conference call hosted by Frederic Rose, CEO, and Esther Gaide, CFO, will be held on Thursday, 23 February 2017 at 9:30am CET. Following the changes made to EU and French rules in 2013 and 2015 with regard to publication of periodic financial information, the Company will no longer publish its quarterly revenues effective immediately. Technicolor will provide a business update instead. This press release contains certain statements that constitute "forward-looking statements", including but not limited to statements that are predictions of or indicate future events, trends, plans or objectives, based on certain assumptions or which do not directly relate to historical or current facts. Such forward-looking statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the future results expressed, forecasted or implied by such forward-looking statements. For a more complete list and description of such risks and uncertainties, refer to Technicolor's filings with the French Autorité des marchés financiers. Technicolor, a worldwide technology leader in the media and entertainment sector, is at the forefront of digital innovation. Our world class research and innovation laboratories enable us to lead the market in delivering advanced video services to content creators and distributors. We also benefit from an extensive intellectual property portfolio focused on imaging and sound technologies. Our commitment: supporting the delivery of exciting new experiences for consumers in theaters, homes and on-the-go. Technicolor shares are on the NYSE Euronext Paris exchange (TCH) and traded in the USA on the OTCQX marketplace (OTCQX: TCLRY). Summary of the impact of exited activities (unaudited) Technicolor is presenting, in addition to published results and with the aim to provide a more comparable view of the evolution of its operating performance in 2016 compared to 2015 a set of adjusted indicators which exclude the following items as per the statement of operations of the Group's consolidated financial statements: These adjustments, the reconciliation of which is detailed in the following table, amounted to an impact on Group EBIT from continuing operations of €(67) million in 2016 compared to €(111) million in 2015. [1] Digital Cinema and Distribution Services in the Entertainment Services segment, IZ-ON, M-GO and Virdata activities in the Other segment. [2] Purchase Price Allocation. * As Published in 2015 and before IFRS3 restatement of 2015 acquisitions. [3] The 2015 Pro Forma financial information relates to the income statement for the 12-month period ended December 31, 2015 and reflects the acquisition of Cisco Connected Devices and The Mill as if acquisitions occurred on January 1, 2015. * As Published in 2015 and before IFRS3 restatement of 2015 acquisitions. [5] The 2015 Pro Forma financial information relates to the income statement for the 12-month period ended December 31, 2015 and reflects the acquisition of Cisco Connected Devices and The Mill as if acquisitions occurred on January 1, 2015. * As Published in 2015 and before IFRS3 restatement of 2015 acquisitions. * As Published in 2015 and before IFRS3 restatement of 2015 acquisitions. * As Published in 2015 and before IFRS3 restatement of 2015 acquisitions. [7] Year-on-year change at current currency. * As published in 2015 and before IFRS3 restatement of 2015 acquisitions. [8] Year-on-year change at current currency. * As published in 2015 and before IFRS3 restatement of 2015 acquisitions. * The opening amounts are restated for December 31, 2015 and do not correspond to the figures published in 2015 financial statements, since, pursuant to IFRS 3, adjustments to the valuation of 2015 acquisitions through the purchase price allocation were made during 2016 as detailed in the Group's consolidated financial statements. **Formerly denominated "Profit (loss) from continuing operations before tax and net financial income (expense)". [9]  In 2016, amortization of customer relationships has been reclassified from cost of sales to selling and administrative expenses as it better reflects the nature of these expenses. Had such comparable 2015 expenses been classified the same way, cost of sales would have amounted to €2,806 million instead of €2,823 million and selling and administrative expenses would have amounted to €348 million instead of €331 million. * The opening amounts are restated for December 31, 2015 and do not correspond to the figures published in 2015 financial statements, since, pursuant to IFRS 3, adjustments to the valuation of 2015 acquisitions through the purchase price allocation were made during 2016 as detailed in the Group's consolidated financial statements. * The opening amounts are restated for December 31, 2015 and do not correspond to the figures published in 2015 financial statements, since, pursuant to IFRS 3, adjustments to the valuation of 2015 acquisitions through the purchase price allocation were made during 2016 as detailed in the Group's consolidated financial statements. * The opening amounts are restated for December 31, 2015 and do not correspond to the figures published in 2015 financial statements, since, pursuant to IFRS 3, adjustments to the valuation of 2015 acquisitions through the purchase price allocation were made during 2016 as detailed in the Group's consolidated financial statements. [10] Including €1 million and €5 million of impairment of assets as part of restructuring plans respectively in 2016 and in 2015.. [12] Including impact of provisions for risks, litigations and warranties excluding PPA amortization. * As published in 2015 and before IFRS3 restatement of 2015 acquisitions. * As published in 2015 and before IFRS3 restatement of 2015 acquisitions.

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