53The Commission must assess, in each specific case and having regard both to the context and the objectives pursued by the scheme of penalties created by Regulation No 1/2003, the intended impact on the undertaking in question, taking into account in particular a turnover which reflects the undertaking’s real economic situation during the period in which the infringement was committed (Britannia Alloys & Chemicals v Commission, C‑76/06 P, EU:C:2007:326, paragraph 25).
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