On the cost side, Krutoff said personnel costs were lower due to “right sizing and structural measures,” though bonus costs were higher than the prior year. Marketing and other costs were also reduced, supported by foreign exchange, more disciplined spending, and efficiency gains, while operating expenses increased in areas tied to process and systems improvements. One-time effects were “just over EUR 1 million,” similar to the prior year, he said.Profitability fell alongside lower volumes. Weishaar reporte ...