Finance

2014 Final Year Results

SOLID PERFORMANCE: ALL 2014 TARGETS ACHIEVED

STRONG INCREASE IN NET RESULT GROUP SHARE:€417M, +18.5%

NET INVESTMENTS UP BY +42% ACCELERATING GROWTH IN 2015-2017

 

2014 OPERATING PERFORMANCE

  • Revenue: €14.3bn, organic growth of +1.3%
  • EBITDA: €2,644m, organic growth of +2.0%; EBITDA margin up from 17.7% to 18.5%
  • Net income Group share: €417m, strong increase of +18.5%
  • Free cash flow: €1,093m, up by +12.1%
  • Net financial debt (NFD): stable at€7,186m, improved NFD/EBITDA ratio at 2.72x
  • ROCE: +85 bps to 7.8%
  • Dividend related to 2014 results of€0.65 per share

 

GROWTH PROSPECTS FOR 2015

  • Revenue organic growth?3%
  • Positive EBITDA organic growth
  • EBIT organic growth?4%
  • Dividend related to 2015 results ? €0.65 per share

 

MEDIUM-TERM PROSPECTS

  • Ambition to reach €3bn EBITDA in 2017