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> ​Disclaimer

Reproduction or retransmission on whole or in part is prohibited except by permission. All rights reserved. The recipient acknowledges that CEPRES does not guarantee or warrant the correctness, completeness, or correctness of the benchmarks and models. In addition, errors may occur. The recipient also acknowledges that every business decision, to some degree or another, represents the assumption of some risk and that CEPRES, in furnishing information, does not and cannot underwrite or assume recipients’ risk, in any manner whatsoever. The information in this report is provided “as is” without any representation or warranty of any kind. Information contained in the report are published for the assistance of recipients, but are not to be relied upon as authoritative or taken in substitution for the exercise of judgment by any recipient, they are subject to change without notice and not intended to provide the sole basis of any evaluation of the instruments discussed therein. CEPRES does not accept any liability whatsoever for any direct or consequential loss arising from any use of material contained in this report. The recipient of this report will only use it for internal purposes. Other uses are subject to the permission by CEPRES.

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Legal notice

Information contained on this website is checked and updated by CEPRES with due diligence on a regular basis. This notwithstanding, data may become subject to changes during the intervening period. Therefore, CEPRES does not assume any liability or guarantee for the timeliness, accuracy and completeness of the information provided. This applies also to other websites that may be accessed through hyperlinks. CEPRES assumes no responsibility for the contents of web sites that can be accessed through such links.

Further, CEPRES reserves the right to change or amend the information provided at any time and without prior notice.

CEPRES GmbH

Maximilianstraße 2 (Front Office)
80539 Munich, Germany

Gabelsbergerstraße 15 (Office Building and Post)
80333 Munich, Germany

Phone +49 (0) 89 – 2324956-10
Fax +49 (0) 89 – 2324956-20

www.cepres.com | info [at] cepres.com

AG München, HRB 140591
USt-IdNr. DE 814 537 654

Managing Director / Geschäftsführer: Dr. Daniel Schmidt