Key performance indicators

2016

2015

2014

2013

2012

Results

Revenue (€ million)

3,316

3,205

2,817

2,620

2,518

Organic growth (%)

3.5%

5.3%

5.7%

2.5%

3.0%

Comparable growth (%)

2.2%

4.1%

4.3%

1.6%

0.8%

Adjusted EBITDA (€ million)

537

512

449

400

372

Adjusted EBITDA margin (%)

16.2%

16.0%

16.0%

15.3%

14.8%

Operating result (€ million)

358

353

289

270

231

Net result (€ million)

252

231

175

156

117

Earnings per share (in €)

0.92

0.84

0.64

0.56

0.40

Adjusted EPS

0.96

0.87

Operational Information

System wide sales (€ million)

3,657

3,541

3,145

2,927

2,822

Number of stores

6,516

6,110

5,814

4,993

4.876

Number of own stores

5,402

5,014

4,744

3,982

3,893

Number of franchise stores

1,114

1,096

1,070

1,011

983

Number of countries

44

44

43

40

40

Number of employees (average FTE)

28,766

27,510

25,776

22,235

21,487

Number of retail banners

29

34

33

25

24

Liquidity and Debt

Free cash flow (€ million)

255

220

222

220

208

Capital expenditure (€ million)

176

162

158

113

114

Store capital expenditure (€ million)

124

122

117

84

91

Non store capital expenditure (€ million)

52

40

41

29

23

Net debt (€ million)

750

941

922

837

1,017

Net debt leverage (times)

1.4

1.8

2.1

2.1

2.7

Definitions

Organic growth (%):

represents the change in revenue as compared to the prior period, excluding changes in revenue attributable to acquisitions and excluding the effect of fluctuations in foreign exchange rates.

Comparable growth (%):

represents the percentage change in revenue from comparable own stores at constant currency between two comparable financial periods. Comparable own stores for a given financial period under review represent the Group’s own stores that have been opened at or before 1 January of the prior financial period and have not been permanently closed at the last day of the financial period.

Adjusted EBITDA:

EBITDA before non-recurring items.

System wide sales:

all revenue generated by sales of the Group’s stores to customers, not only through the Group’s physical and online stores, but also through the Group’s franchise stores (excluding associates).

Free cash flow:

cash flow from operating activities minus capital expenditure not related to acquisitions.

Net debt leverage:

net debt expressed as a multiple of Adjusted EBITDA.

Adjusted EPS:

earnings per share based on net result attributable to equity holders before non-recurring items.