But when calculated in Euro, the fall amounted to €30 million, down 1% to €3.07 billion from the €3.1 billion recorded the year before.

The adjusted net income, which excludes special items, slipped to €3.07 billion ($4.03 billion) in the quarter from €3.1 billion ($4.25 billion) in the first quarter of 2011.

But that income rate was higher than the €3.05