Net sales Gross profit Selling, general and administrative expenses Other operating income Other operating expenses Finance income Other financial results Equity in earnings of non-consolidated companies Income tax Attributable to: Non-controlling interests Non-controlling interests Attributable to: Income tax on items that will not be reclassified Items that will not be reclassified to profit or loss: Income tax relating to components of other comprehensive income Items that may be subsequently reclassified to profit or loss: Trade payables Customer advances Provisions Other liabilities Current tax liabilities Derivative financial instruments Lease liabilities Borrowings Current liabilities Provisions Other liabilities Deferred tax liabilities Lease liabilities Borrowings Non-current liabilities LIABILITIES Non-controlling interests EQUITY Other investments Derivative financial instruments Trade receivables, net Current tax assets Receivables and prepayments, net Inventories, net Current assets Receivables, net Deferred tax assets Other investments Investments in non-consolidated companies Right-of-use assets, net Intangible assets, net Property, plant and equipment, net Non-current assets ASSETS CONSOLIDATED STATEMENT OF CHANGES IN EQUITY Change in value of instruments at fair value through other comprehensive income and cash flow hedges, net of taxes From other comprehensive income of non-consolidated companies Acquisition and other changes in non-controlling interests Share Capital Total Legal Reserves Share Premium Currency Translation Adjustment Other Reserves Retained Earnings Non-controlling interests Proceeds Payments from Changes in Ownership Interests in Subsidiaries That Do Not Result in Loss of Control The cash inflow (outflow) from changes in ownership interests in subsidiaries that do not result in a loss of control. Changes in non-controlling interests Cash and cash equivalents Cash and bank deposits Cash and cash equivalents At December 31, At the beginning of the year Effect of exchange rate changes Movement in cash and cash equivalents Net cash used in financing activities Repayments of borrowings Payments of lease liabilities Dividends paid to non-controlling interest in subsidiaries Dividends paid Cash flows from financing activities Changes in investments in securities Dividends received from non-consolidated companies Proceeds from disposal of property, plant and equipment and intangible assets Investment in companies under cost method Acquisition of subsidiaries, net of cash acquired Cash flows from investing activities Net cash provided by operating activities Changes in provisions Interest accruals less payments, net Changes in working capital Income tax accruals less payments Impairment charge Adjustments for: Cash flows from operating activities Depreciation and amortization Authorized share capital (in shares) Nominal value (in dollars per share) Shares issued (in shares) Result of sale of subsidiaries Other Comprehensive Income (Loss), Net of Tax, Exchange Differences on Translation Attributable to Nonconsolidated Companies The amount of other comprehensive income (loss), net of tax, attributable to non-consolidated companies related to exchange differences when financial statements of foreign operations are translated. - Currency translation adjustment Capital expenditures Cash Flows From Used In Changes In Advance To Suppliers Of Property Plant And Equipment Changes in advance to suppliers of property, plant and equipment The cash inflow (outflow) due to the changes in advance to suppliers of property, plant and equipment. GENERAL INFORMATION FINANCIAL RISK MANAGEMENT Segment information Cost of sales Selling, general and administrative expenses Labor costs (included in Cost of sales and in Selling, general and administrative expenses) Impairment charge Other operating income and expenses Financial results Income tax Dividends distribution Property, plant and equipment, net Intangible assets, net Right-of-use assets, net and lease liabilities Inventories, net Receivables and prepayments, net Current tax assets and liabilities Borrowings Other liabilities Derivative financial instruments Contingencies, commitments and restrictions on the distribution of profits Cash flow disclosures Related party transactions Business combinations Segment information Foreign currency translation Property, plant and equipment Intangible assets Right-of-use assets and lease liabilities Impairment of non-financial assets Other investments Inventories Trade and other receivables Cash and cash equivalents Equity Borrowings Current and deferred income tax Employee benefits Provisions Trade and other payables Revenue recognition Cost of sales and other selling expenses Earnings per share Financial instruments Shareholders' equity Earnings per share attributable to shareholders' equity during the year: Currency translation adjustment Remeasurements of post-employment benefit obligations Remeasurements of post-employment benefit obligations of non-consolidated companies Shareholders' equity Shareholders' equity Remeasurements of post-employment benefit obligations, net of taxes Adjustments for Reclassification of Foreign Exchange Reserve Reclassification of currency translation adjustment reserve The amount of adjustments for reclassification of foreign exchange reserve to reconcile profit (loss) to net cash flow from (used in) operating activities. Net cash (used in) provided by investing activities Increase (decrease) in cash and cash equivalents Increase (decrease) in cash and cash equivalents Basis of presentation Group accounting Goodwill Research and development Capital Risk Management Credit risk Liquidity risk Category of financial instruments and classification within the fair value hierarchy Fair value estimation Accounting for derivative financial instruments and hedging activities Allowances Contingencies Commitments and guarantees Provisions Deferred tax assets and liabilities Principal accountant fees Currency Translation Adjustment Working Capital Currency translation adjustment, working capital The amount of currency translation adjustment working capital to reconcile profit (loss) to net cash flow from (used in) operating activities. Other liabilities – Non current Other liabilities – Current Events after the reporting period and update as of March 31, 2023 Loss Income before Equity in Earnings of Nonconsolidated Companies and Income Tax The (loss) income before equity in earnings of non-consolidated companies and income tax. Income before equity in earnings of non-consolidated companies and income tax Weighted average number of outstanding ordinary shares (thousands) Basic And Diluted Earnings (Loss) Per American Depositary Share From Continuing Operations The amount of basic and diluted earnings (losses) per American depositary share (ADS) from continuing operations. Each ADS equals two shares. Basic and diluted earnings per ADS (U.S. dollars per ADS) ACCOUNTING POLICIES Principal subsidiaries Basic and diluted earnings (loss) per share from continuing operations Basic and diluted earnings per share (U.S. dollars per share) The amount of earnings per share from continuing operations when the basic and diluted measurements are equal. Change in value of cash flow hedges and instruments at fair value Income for the year (Loss) for the year Reclassification of currency translation adjustment reserve Derivative financial instruments Treasury Shares Repurchase of own shares Shares to be settled under buyback program Others, including net exchange differences Additions to associated companies Loan to joint-ventures Other Comprehensive Income Net of Tax Assets Measured at Fair Value Attributable to Nonconsolidated Companies The amount of other comprehensive income, net of tax, attributable to non-consolidated companies related to assets measured at fair value. - Changes in the value of cash flow hedges and instruments at fair value Number of Treasury Shares Held The number of treasury shares held. Number of treasury shares held at the end of the year