Financial Overview

(in million USD)

	FY ended Dec. 31, 2013	FY ended Dec. 31, 2012	Rate of change (%)	Factors
Net Sales	2,102.0	2,084.9	0.8	1)
Operating Income	85.9	64.3	33.6	-

Factors
1) Net Sales
-Total revenues increased during the year ended December 31, 2013 by 0.8%, from the year ended December 31, 2012, reflecting primarily higher volume in the Americas segment (USD 27.1 million) and in the International segment (USD 1.1 million). Revenues were positively affected by the strengthening of foreign currencies against the U.S. dollar in the International segment, primarily the Euro (USD 23.1 million) and CNY (USD 5.1 million), but were negatively affected by the strengthening of the U.S. dollar against the Brazilian Real (USD 17.4 million) in the Americas segment. Revenues were also adversely affected by unfavorable pricing (USD 21.9 million).

-The Company has a total of seven technical centers located in the following countries: United States, Brazil, Germany, Italy, China, India, and Japan.

Capital Expenditure

(in million USD)

	FY ended Dec. 31, 2013	FY ended Dec. 31, 2012	FY ended Dec. 31, 2011
Overall	96.8	119.8	100.8