Chapters
Annual Report 2018

Financial and operational KPIs

2018

2017

2016

2015

2014

2013

Results

Revenue (€ million)

3,721

3,450

3,316

3,205

2,817

2,620

Organic growth (%)

3.9%

3.5%

3.5%

5.3%

5.7%

2.5%

Comparable growth (%)

3.4%

1.8%

2.2%

4.1%

4.3%

1.6%

Adjusted EBITDA (€ million)

576

552

537

512

449

400

Adjusted EBITDA margin (%)

15.5%

16.0%

16.2%

16.0%

16.0%

15.3%

Operating result (€ million)

337

327

358

353

289

270

Net result (€ million)

237

249

252

231

175

156

Earnings per share, basic (in €)

0.85

0.90

0.92

0.84

0.64

0.56

Adjusted EPS, basic (in €)

0.91

0.97

0.96

0.87

Operational Information

System wide sales (€ million)

4,079

3,784

3,657

3,541

3,145

2,927

Number of stores

7,095

7,001

6,516

6,110

5,814

4993

Number of own stores

5,897

5,817

5,402

5,014

4,744

3,982

Number of franchise stores

1,198

1,184

1,114

1,096

1,070

1,011

Number of countries

43

44

44

44

43

40

Number of employees (average FTE)

32,400

31,802

28,766

27,510

25,776

22,235

Number of retail banners

30

30

29

34

33

25

Liquidity and Debt

Free cash flow (€ million)

238

143

255

220

222

220

Capital expenditure (€ million)

210

197

176

162

158

113

Store capital expenditure (€ million)

162

140

124

122

117

84

Non store capital expenditure (€ million)

48

57

52

40

41

29

Net debt (€ million)

743

832

750

941

922

837

Net debt leverage (times)

1.3

1.5

1.4

1.8

2.1

2.1


Definitions

Organic growth (%):

represents the change in revenue as compared to the prior period, excluding changes in revenue attributable to acquisitions and excluding the e ect 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.

Adjusted EPS:

earnings per share based on net result attributable to equity holders 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