213As the Court of Justice has already held, the 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 (Case C-76/06 P Britannia Alloys & Chemicals v Commission [2007] ECR I-4405, paragraph 25; Guardian Industries and Guardian Europe v Commission, cited in paragraph 30 above, paragraph 53; and Case C‑227/14 P LG Display and LG Display Taiwan v Commission [2015] ECR, paragraph 49).
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