Net income was off slightly to €48.9 million ($57.6 mm) for the final quarter ended Dec. 31 against €47.9 million last year on a 4% improvement in sales to €803.1 million ($979.8 mm) compared to €772.4 million that would have been a 9% gain in constant currency. This year’s results included a €10.4 million writedown on deferred U.S. tax assets as a result of the new tax laws. For the full year net was €93.3 million ($113.8 mm), off 26% from €126.9 million as full year sales rose 2% to €2,685.1 million ($3,275.9 mm) compared to €2,622.1 million.

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