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An increase of 4.6% at identical exchange rates or 1.3% at actual exchange rates. Revenue growth was supported by all operating companies.
Operating profit at identical exchange rates declined to EUR 812 million compared to 1 024 prior year, mainly due to the impairment charges recorded in the fourth quarter of 2011 related to the store optimization. Operating margin declined from 4.9% to 3.8%.
Group share in net profit amounted to EUR 475 million, a decrease of 17.4% at actual exchange rates and 14.9% at identical exchange rates compared to 2010. Per share, basic net profit was EUR 4.71 and diluted net profit was EUR 4.68.
