Translation of "Operative geschäftsentwicklung" in English

The operational performance is simultaneously reflected in the financial position of the Group.

The Property and Casualty insurance business maintained its solid operating performance.

This negatively impacted the operative performance of the entire Group.

Funds from operations (FFO), a key indicator of the company"s operating performance, climbed to EUR36.1 million in 2016 (previous year: EUR29.2 million).

By contrast, the operating business development of all other subsidiaries of the MAX Group has thus far remained at a high level in 2018, in line with expectations.

Due to the scope of the acquired activities and the seasonality of the business, we are presenting sales by strategic business entity on an unaudited, pro forma basis, to better show the operational business development for the combined business of Crop Science and Monsanto, among other reasons.

Dan is managing partner of AT Concepts and his expertise area is in the higher operational and strategic business development practice focused on the Eastern Europe region.

The excellent operative performance of the business with battery modules for forklifts and battery systems for trolleybuses was a key factor in the company's growth in the first six months of the current fiscal year.

Angelo, Maurizio and Paolo Radici, in their capacities as President, Vice President and Member of Board supervise business performance daily and operationally.

Despite some turbulence on the agricultural markets and a difficult economic environment in important growth regions, operating business performance remained very successful.

The excellent development in business operations and the continued acceleration in growth in the past financial year underscore the success of the ATOSS business model.

Funds from operations (FFO), a key indicator of the company"s operating performance, climbed to EUR36.1 million in 2016 (previous year: EUR29.2 million).

Although the ongoing weakness in the British pound to the euro still represents a significant challenge for us, even net of currency effects we expect this segment to post a slightly weaker operating business performance in the current business year.

Unfavorable currency effects—particularly from the US dollar zone, but also from South America and Eastern Europe—had a negative impact on the continued good operating performance of the business.

Development of Group's operating business United Internet continued to invest heavily in new customer relationships in the first nine months of 2016.

Crucial to this whole process is the good operating performance and the proven business model of the Schaeffler Group, operating successfully over many years as a global family-owned enterprise.

Funds from operations (FFO), the key earnings indicator for operating activities, rose by 24.0% last year to EUR44.7 million (previous year: EUR36.1 million).

The main factors driving this were the positive operating performance and the lower tax rate compared to the previous year of 31.1 %.

In this very inconsistent macroeconomic climate, operational business performance of the voestalpine Group's four divisions was largely stable during the first half of the business year 2014/15.

We pursue an earnings-oriented dividend policy with the aim of distributing 80Â % to 90Â % of underlying net income every year.Reconciling items can influence or even overshadow operating performance and can make a multi-year comparison difficult.

The decline in sales is primarily due to the deconsolidation of Highlight Communications AG as of June 12, 2017 and the operating business development in the Sports Segment, which was mainly influenced by the loss of sales from the production framework agreement between PLAZAMEDIA GmbH and Sky Deutschland Fernsehen GmbH & Co. KG that was not extended beyond June 30, 2017.

In addition to the adjustments from adjusted EBITDA, effects of purchase price allocations and other reconciling items in particular are adjusted in the calculation.Reconciling items can influence or even overshadow operating performance and can make a multi-year comparison difficult.

At the same time, it provides a figure that can be compared at international level, as it does not take into account the effects of taxes and write-downs or the financing structure.Non-recurring and special items can influence or even overshadow operating performance and can make a multi-year comparison difficult.

The growth resulted from the very good operating performance in the Electromobility and Mechanics operating segments.

One reason is the positive operating performance in France, Belgium, Spain and Switzerland.

The growth resulted from the very good operating performance in the Mechanics operating segment (including paragon movasys GmbH) and the Electromobility operating segment (consisting of Voltabox AG).

Nevertheless, the Executive Board and the Supervisory Board are proposing an unchanged dividend of €3.00 per share due to the good operating performance.

Based on this fundamentally sound development in operating business, the further improvement in its finances and its positive future prospects, CENTROTEC intends to distribute an increased dividend of EUR 0.15 for the past financial year of 2012.

Nevertheless, the Executive Board and the Supervisory Board will propose an unchanged dividend payout of €3.00 per share in view of the company’s good operating performance.

Uwe Pfeiffer, CFO of KROMI Logistik AG added: "We are very happy with the development of the operating business in the reporting period.

Rapid dynamic growth resulted from the very good operating performance of the Voltapower operating segment, which constitutes the core business of Voltabox.

There is an urgent need for a causal link between operational business development and the remuneration of the operational management responsible for it in the future.

This remarkably large increase is attributable not only to good operating business performance, but also to an earnout in the amount of EUR 2.1 million, which was a late effect from the sale of the shareholdings in AC-Service (Schweiz) AG (discontinued operation) that was completed in 2009.