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First Half Results 2012

Financial Results
Robust performance in more demanding economic environment

Consolidated sales grow 7.5% in first semester

Main Group highlights

  • Consolidated sales grow 7.5% to 5,108 million euros
  • Net Profit rise 5.6% to 152 million euros
  • Operating Cash Flow (EBITDA) increase 5%
  • Solid balance, with consolidated Net Debt decrease 152 million euros to 352 million euros
  • Group CAPEX rises to 197 million euros over the semester, with 87% of total Group investment programme earmarked for investment in Poland
  • All Distribution and Manufacturing brands register above average performance in their sectors, reinforcing their competitive position
  • Approximately 5 million euros channelled to local communities support