Exhibit 12.1

Statement re Computation of Ratios under IFRS

	Nine months ended
	Sept. 30,		Sept. 30,			Year ended December 31,
(in millions of euros)	2006		2005			2005		2004
Interest expensed or capitalized		17.6		25.5			35.4		22.4
Amortized premiums/interest related to indebtedness		1.6		4.0			11.2		1.4
Preference security dividend		—		—			—		—
Interest within rental expense		—		—			—		—
Preference security dividends		—		—			—		—
Total fixed charges		19.2		29.5			46.6		23.8
Pre-tax income from continuing operations		167.0		(18.4	)		6.8		(4.8	)
Excluding variance on derivative		23.0		38.0			11.5		23.5
Fixed charges		15.2		29.5			46.6		23.8
Amortization of capitalized interest		—		—			—		—
Distributed income to investees		—		—			—		—
Share pre-tax losses		—		—			—		—
Total earnings		209.2		49.1			64.9		42.5
Ratio of earnings to fixed charges		10.9x		1.7x			1.4x		1.8x
(Deficit)		Excess		Excess			Excess		Excess

Statement re Computation of Ratios Under US Gaap

	Nine months ended						Year ended
	Sept. 30			Sept. 30			Dec-31			Dec-31			Dec-31			Dec-31			Dec-31
In millions of euros	2006			2005			2005			2004			2003			2002			2001
	restated
Interest expensed or capitalised		17.6			25.5			35.4			22.4			25.1			28.5			23.0
Amortized premiums, interest related to indebtedness		1.6			4.0			11.2			1.4			1.6			1.8			0.0
Preference security dividends
Interest within rental expenses
Preference Security Dividends
Total Fixed Charges		19.2			29.5			46.6			23.8			26.7			30.3			23.0
Pre-tax income from continuing		136.6			1.7			31.5			(4.2	)		(7.0	)		43.3			32.7
Excluding variance on derivative		23.0			38.0			11.5			23.5
Excluding equity in income of investees		(8.9	)		(9.6	)		(13.0	)		(10.3	)		(6.5	)		(6.4	)		(8.8	)
Fixed charges		19.2			29.5			46.6			23.8			26.7			30.3			23.0
Amortization of capitalized interest
Distributed income of investees
Share pre-tax losses
Total earnings		169.9			59.6			76.6			32.8			13.2			67.2			46.9
Ratio of Earnings to Fixed Charges Deficit)		8.8	x		2.0	x		1.6	x		1.4	x		0.5	x		2.2	x		2.0	x
(Deficit)		Excess			Excess			Excess			Excess			(13.5	)		Excess			Excess