Shareholders’ equity

Shareholders' equity increased from €5.8 billion at year-end 2014 to €5.9 billion at the end of June 2015, mainly due to:

  • Positive currency effects €396 million
  • Net income of €491 million

Offset by:

  • Actuarial impact of €652 million reported in Other comprehensive income, including €321 million for de-risking of pension liabilities
  • Dividend payments of €170 million