2007 Annual Results
STRONG GROWTH IN PROFITABILITY AND CASH FLOW IN 2007
– Sales up 15.1%: 10,704 million EUR, up 2.9% on constant and same day basis
– Adjusted EBITA up 16.2%: 658 million EUR or 6.1% of sales, on a constant basis
– Net profit before IPO costs up 65.3%: 312 million EUR
– Free Cash Flow up 37.4%: 670 million EUR before interest and taxes
– Net Debt reduced in 2007 from 3.1x to 2.3x pro forma EBITDA
– Dividend of €0.37 per share, subject to shareholder approval at the Annual General Meeting of 20th May 2008