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€2.65 billion
Revenue for 2009 reached €2.648 million. This 3.9% increase on 2008 derived from organic growth of 1.9% (including +6% in H1 and -1.8% in H2) and external growth of 1.8% primarily driven by the full year consolidation of companies acquired during 2008 (Amdel, Cesmec, Geoanalitica and Anasol). Variations in exchange rates had a positive impact of 0.2%. |
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Adjusted operating margin*: 16.4%
The adjusted operating profit* totalled €433.2 million, up 11.8% on 2008. The adjusted operating margin* widened by 120 basis points to 16.4% in 2009 compared with 15.2% in 2008, reflecting an improvement in operating processes and the impact of cost-control programmes. |
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Attributable adjusted net profit*: +18%
The attributable adjusted net profit* is up by 18.2%, at €273.5 million. Since the Group's initial public offering, in the period 2006-2009 attributable adjusted net profit rose by an annual average of 19%.
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Levered free cash flow: +64%
Levered free cash flow (cash flow after tax, interest expenses and capital expenditure) was €310.1 million in 2009, up 63.8% on 2008. This sharp increase enabled the Group to reduce net financial debt to €679.3 million from €907.7 million in 2008.
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Revenue breakdown by business |
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* Before amortization of intangible assets, goodwill impairment and non-recurring items
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