Organic Revenue Growth Reconciliation
Results at Identical Exchange Rates
EBITDA reconciliation
Underlying Group Share in Net Profit from Continued Operations
reconciliation
FINANCIAL STATEMENTS
(in millions of 2014 2013 Change
Revenues
21 361
20 593
3.7%
Effect of exchange rates
34
Revenues at identical exchange rates
21 395
20 593
3.9%
53rd sales week in the U.S.
(259)
Organic revenue growth
21 136
20 593
2.6%
2014
2013
2014/2013
(in millions of except per share amounts)
Effect of
At Actual Exchange
Rates Rates
At Identical
Rates
At Actual At Actual At Identical
Rates Rates Rates
Revenues
21 361 34
21 395
20 593
3.7%
3.9%
Operating profit
423 (4)
419
537
-21.2%
-22.1%
Net profit from continuing operations
189 (4)
185
272
-30.5%
-31.9%
Group share in net profit
89 (4)
85
179
-50.3%
-52.6%
Basic earnings per share from Group share in
net profit
0.88 (0.04)
0.84
1.77
-50.5%
-52.8%
Diluted earnings per share from Group share in
net profit
0.87 (0.04)
0.83
1.76
-50.5%
-52.7%
Free cash flow
757 9
766
669
13.2%
14.5%
(in millions of
December 31, 2014
Dec. 31, 2013
Change
Net debt
997 (12)
985
1 473
-32.4%
-33.2%
(in millions of
2014
2013
2012
Operating profit (as reported)
423
537
574
Add (subtract):
Depreciation and amortization
577
561
581
Impairment
166
206
135
EBITDA
1 166
1 304
1 290
(in millions of
2014
2013
2012
Net profit from continuing operations
189
272
297
Add (subtract):
Net (profit) loss from non-controlling interests
(1)
(3)
2
Elements considered in the underlying profit calculation
339
252
271
Non-recurring finance costs
19
Effect of the above items on income tax and non-controlling interests
(61)
(33)
(70)
Non-recurring income tax expense (benefit)
(47)
Underlying group share in net profit from continued operations
466
488
472
