Net interest expense amounted to EUR 49.2 million and remained almost unchanged in comparison to the second quarter of 2010. Foreign exchange differences turned from a gain of EUR 1.5 million in the first quarter of 2010 to a loss of EUR 0.6 million due to the devaluation of the Belarus Ruble.
A decline in EBITDA comparable and higher restructuring charges resulted in a lower income before income tax. Income tax expense declined by 38.5% to EUR 11.4 million in the second quarter 2011 due to lower operating results and hence a lower taxable income. In the second quarter 2011 net income declined to EUR 20.0 million compared to EUR 68.7 million in the same period of the previous year.