Final Results
Full year highlights
· Underlying sales growth up 2.9%, ahead of our markets, with volume 1.0% and price 1.9%
· Turnover declined (2.7)% to €48.4 billion including a negative currency impact of (4.6)%
· Core operating margin up 40bps at current exchange rates
· Free cash flow of €3.1billion after €0.8 billion of tax on disposal profits
· Core earnings per share up 11% at constant exchange rates, up 2% at current exchange rates to €1.61
Fourth quarter highlights
· Underlying sales growth up 2.1% with volume (0.4)% and price 2.5%
· Turnover increased 2.4% including a positive currency impact of 1.6% and net acquisitions & disposals (1.3)%