Bodo Uebber
Bodo Uebber
aim billion changed cover fully medium pension status undercover
Overall, the funded status changed from an undercover of EUR6.6 billion to an undercover of EUR7.2 billion. In the medium term, we aim to fully cover our pension obligations.
discount german increase pension plans primarily rates result
The increase was primarily a result of reductions in discount rates to 4% for German pension plans and to 5.4% for non-German pension plans.
believe bit dealer high necessary selling spring stocks support
Our dealer stocks are a little bit high but we believe this is necessary to support the spring selling season.
expect higher ongoing pressure raw
We expect ongoing pressure from higher raw materials.