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
