The company benefited from a good market environment. It's another good set of earnings.

The fourth quarter was a good quarter. We are optimistic given that the outlook for global economic growth is good.

The general opinion of people is positive but they remain a little bit cautious regarding the oil price.

Industrial investment is taking off in Europe. Growth that was once in the U.S. and China now is becoming global. The feeling is positive for stocks.

Companies have to expand their market share and their industrial capacities. Prices are still low so these moves are logical.

These bids are the expression of future growth for Germany companies. German groups are thinking about their future and about expanding.

European companies are benefiting from the global economy, and this is confirmed in earnings figures. Profit and sales growth are factors of support for stocks.

We've been seeing very strong activity in international markets, which should continue, driven by global economic growth.

We're convinced that raw materials prices will continue to climb.

We'll be very vigilant in terms of earnings.