2016 annual results: Revenue was nearly stable and results exceeded objectives

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PR - 2016 annual results: Revenue was nearly stable and results exceeded objectives (917.32 KB)
  • Revenue down 0.4% to €24,390 million. Improvement at the end of the year (+1.9% in the fourth quarter). 
  • EBIDA increased 4.3% to €3,056 million. 
  • Growth in current EBIT of 8.5% to €1,384 million. 
  • Strong growth in current net income-group share, up 10.8% to €610 million, and up 19.3% excluding financial capital gains. 
  • Net free cash flow generation of €970 million due to a significant reduction in working capital requirements 
  • Net financial debt declined €359 million to €7,811 million, resulting in a leverage ratio below 2.6x. 
  • Post-tax ROCE of 7.2%, representing continued improvement over the last four years. 
  • Proposed increase in 2016 dividend to €0.80 per share, paid in cash.