Disclaimer
Please take notice that this website is meant solely for general informational purposes. Although Corporate Express tries to ensure that all information displayed hereon is accurate and up to date as much as possible, no facts or figures contained herein are to be relied upon for any business or investment purposes. Visitors using the information do so entirely at their own risk.
Safe Harbour Statement
Statements included in this press release, which are not historical facts are forward-looking statements made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Such forward-looking statements are made based upon management’s expectations and beliefs concerning future events impacting Corporate Express and therefore involve a number of uncertainties and risks, including, but not limited to industry conditions, changes in product supply, pricing and customer demand, competition, risks in integrating new businesses, currency fluctuations, and the other risks described from time to time in the Company’s filings with the US Securities and Exchange Commission, including the Company’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on 14 March 2008. As a result, the actual results of operations or financial conditions of the Company could differ materially from those expressed or implied in such forward-looking statements. Shareholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no obligation to update publicly or revise any forward-looking statements.
Basis of Presentation
- The financial information presented is unaudited.
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Details of our IFRS-based accounting principles are included in the Annual Report 2007
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Neither depreciation nor amortisation is allocated to ‘Purchase value trade goods sold’.
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Changes in the fair value relate mostly to exchange results due to translation of long-term internal and external borrowings.
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During the course of a year, certain events take place that may be infrequent or of a size (such as restructuring, refinancing activities, impairments) that reporting the impact on the financial performance separately as special items provides the opportunity to give a more operationally oriented view on the (underlying) results of the business.
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Non-GAAP measures: figures are also presented excluding changes in fair values and excluding special items. Corporate Express regards these figures as key performance indicators increasing the transparency of the reporting.
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Organic growth rates exclude all factors that disturb a like-for-like comparison, such as: currency exchange rate movements, acquisitions, divestments, variations in the number of working days and commission-based sales.