Net sales were EUR 25.7 billion, up 3.3% compared to last year. At constant exchange rates, net sales increased by 6.9%. Operating income was EUR 1.2 billion, EUR 130 million higher than last year. Retail operating income was EUR 1.3 billion, an underlying retail operating margin of 5.0%. This was in line with the 4.8% to 5.3% guidance for 2008.
