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Notes on the management approach

Presentation of GD Towers. The sale of the GD Towers business entity was consummated on February 1, 2023, and GD Towers has not been part of the Group since that date. The GD Towers business entity had been recognized in the consolidated financial statements as a discontinued operation from the third quarter of 2022 until its sale. By contrast, we use the management approach for the presentation in the combined management report, i.e., the financial performance indicators presented in the results of operations still include the value contributions from GD Towers up to and including January 2023.

For further information on the sale and the presentation of GD Towers according to the management approach, please refer to the sections “Group organization” and “Management of the Group.”