Key performance indicators

2015

2014

2013

2012

2011

Results

Revenue(€ million)

3,205

2,817

2,62

2,518

2,396

Organic growth(%)

5.3%

5.7%

2.5%

3.0%

Comparable growth(%)

4.1%

4.3%

1.6%

0.8%

Adjusted EBITDA (€ million)

512

449

400

372

348

Adjusted EBITDA margin(%)

16.0%

16.0%

15.3%

14.8%

14.5%

Operating result (€ million)

353

289

270

231

222

Net result (€ million)

231

175

156

117

102

Earnings per share (in €)

0.84

0.64

0.56

0.40

0.39

Operational Information

System wide sales (€ million)

3,541

3,145

2,927

2,822

2,686

Number of stores

6,11

5,814

4,993

4.876

4,646

Number of own stores

5,014

4,744

3,982

3,893

3,648

Number of franchise stores

1,096

1,07

1,011

983

998

Number of countries

44

43

40

40

40

Number of employees (average FTE)

27,51

25,776

22,235

21,487

20,211

Number of retail banners

34

33

25

24

24

Liquidity and Debt

Free cash flow (€ million)

220

222

220

208

119

Capital expenditure (€ million)

162

158

113

114

133

Store capital expenditure (€ million)

122

117

84

91

Non store capital expenditure (€ million)

40

41

29

23

Net debt (€ million)

941

922

837

1,017

1,08

Net debt leverage (times)

1.8

2.1

2.1

2.7

3.1

Definitions

Adjusted EBITDA:

EBITDA before non-recurring items.

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.

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.