At minus €173 million, the financial result was €134 million lower than in the third quarter of 2008, primarily due to a rise in interest expenses and higher expenses for pension obligations.
In the third quarter, income before taxes and minority interests fell 46% to €798 million. At 60%, the tax rate was higher than in the third quarter of 2008.
Details on the calculation of the tax rate
Net income decreased by 69% to €237 million.
Earnings per share were €0.26 in the third quarter compared with €0.82 in the same period of 2008. The figure adjusted for special items and amortization of intangible assets was €0.61 (third quarter of 2008: €0.96).
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|
Adjusted earnings per share (€) |
|
|
|---|---|---|
|
|
2009 |
2008 |
|
1st quarter |
0.55 |
1.38 |
|
3rd Quarter |
0.79 |
1.54 |
|
3rd quarter |
0.61 |
0.96 |
|
4th quarter |
|
(0.05) |
|
Full year |
|
3.85 |
See details on the calculation of adjusted earnings per share
