Development, planning, manufacture and distribution of as well as trade in machines and products of the communications industry, in particular durable information such as printed or otherwise stored messages, and provision of related services, as well as offering in particular services and products in the graphic and related industries and the associated logistics, and participation in companies of all kinds, in particular acquisition, disposal and management of company participations; may establish branches and subsidiaries, participate in other companies, acquire, encumber, sell and manage real estate, provide financing for its own or third-party account, and grant guarantees and sureties for subsidiaries and third parties, may grant loans to its direct or indirect shareholders or other companies in the group and provide collateral of all kinds for their liabilities to third parties, including by pledging or assigning its own assets or guarantees of any kind, even if these loans or collateral are in the exclusive interest of its direct or indirect shareholders or other group companies and are provided free of charge.