2018-2019 budgets as above and since there are several opportunities, we prefer to include them later in our plans as they mate- rialize based on our strict criteria and fitment to our business needs

period result from the movement in prices of raw mate- rials and products from the end of the previous reported period to the end of the current reported period. The cost of sales is impacted by inventory

gains/losses from reported EBITDA. Inventory gains/losses in a period result from the movement in prices of raw mate- rials and products from the end of the previous reported period to the end of the