Outlook and 2015 targets

We anticipate exchange rate movements and lower growth rates in high growth economies, will principally determine dynamics of 2015. The preparations made in 2013 and 2014 form a sound basis for improved performance. We are on track to deliver our targets for 2015. Please refer to our website for more information on our ambitions and the strategic focus areas.

Amsterdam, April 21, 2015
The Board of Management