Key figures

(1) Excluding the stores and related associates of divested and discontinued operations.

(2) These are non-GAAP financial measures.

(3) Calculated using the total number of shares issued at year-end.

(4) Calculated using the weighted average number of shares outstanding over the year.

(5) Calculated using an exchange rate of € 1 = $1.1095.

($ IN MILLIONS EXCEPT PER SHARE AMOUNTS) 5(€ IN MILLIONS EXCEPT PER SHARE AMOUNTS)CHANGE VS PRIOR YEAR
201520152014201320152014
RESULTS
Revenues27 06624 39521 36120 593+14.2%+3.7%
Underlying operating profit(2)967872762789+14.4%-3.4%
Operating profit772696423537+64.5%-21.2%
Net profit from continuing operations409369189272+95.5%-30.5%
Net profit (Group share)40636689179+312.5%-50.3%
Free cash flow(2)575518757669-31.5%+13.2%
 
FINANCIAL POSITION
Total assets14 45913 03212 12711 594+7.5%+4.6%
Total equity6 8476 1715 4535 073+13.2%+7.5%
Net debt(2)8677819971 473-21.6%-32.4%
Enterprise value(2),(3)11 22710 1197 2105 899+40.4%+22.2%
 
PER SHARE INFORMATION
Group share in net profit (basic)(4)3.963.570.881.77+307.7%-50.5%
Group share in net profit (diluted)(4)3.923.540.871.76+305.8%-50.5%
Free cash flow(2),(4)5.605.057.466.62-32.3%+12.8%
Net dividend1.451.311.201.17+9.2%+2.6%
Shareholders’ equity(3)65.8159.3152.9849.47+11.9%+7.1%
Share price (year-end)99.6289.7960.4343.20+48.6%+39.9%
 
RATIOS %
Underlying operating margin(2)3.6%3.6%3.8%+1bps-26bps
Operating margin2.9%2.0%2.6%+87bps-63bps
Net margin1.5%0.4%0.9%+1.1ppt-45bps
Net debt to equity(2)12.7%18.3%29.0%-5.6ppt-10.8ppt
 
CURRENCY INFORMATION
Average € per $ rate0.90130.75270.7530+19.7%0.0%
€ per $ rate at year-end0.91850.82370.7251+11.5%+13.6%
 
OTHER INFORMATION
Number of stores(1)3 5123 4023 225+3.2%+5.5%
Capital expenditures774606565+27.8%+7.2%
Number of associates (thousands)(1)154150145+2.6%+3.2%
Full-time equivalents (thousands)(1)117113109+3.1%+3.5%
Weighted average number of shares (thousands)102 647101 434101 029+1.2%+0.4%