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Successful completion of LEAP 1 cost-saving program ► Targetingexternalcosts ► Adressablecostbaseof€140m reduced by >20% ► €30mobjectiveexceeded ► Underpinning record EBITDA margin €32m in total savings in FY 19 10% 25% 20% Technical costs SG&A* 45% Consulting Marketing * Including Travel, IT and Facility Management 23 BREAKDOWN OF COST SAVINGS 


































































































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