The outlook prepared by METRO considers relevant facts and events that were known at the time of preparing the consolidated financial statements and that may impact the future development of our business. Nevertheless, it is possible that unknown risks, uncertainty and other factors may cause actual market and industry developments to differ from those set forth in this section. The outlook on economic parameters is based on an analysis of primary data used to derive forecasts. Feri Trust is the main source of the data used to forecast anticipated business conditions. The following conclusions reflect a mid-range scenario of expectations. All descriptions in this section are forward-looking statements.