Full Year Results 2012
2012: a year of changes in an adverse macroeconomic environment
Net profit grows 6% and rises to over 360 million euros
Main highlights
- Net Sales rise 10.5% reaching 10.9 billion euros
- Operational Cash Flow (EBITDA) advances 6% to 765 million euros (Biedronka represents 72% of the Group's EBITDA)
- Net Profit grows 6% to 360.4 million euros, increasing earnings per share to 0.57 euros
- Net Debt stands at 359 million euros, with gearing at 24%, after the payment of an extraordinary dividend of 150 million euros
- Capex amounts to 466.5 million euros
- Investment in Biedronka corresponds to 85% of the Group's total investment programme
- In Portugal investment of 55 million euros
- Preparation for the opening of the first stores and a Distribution Centre in Colombia in March of 2013
- All the Group's Food Distribution formats and retail chains record above-average growth, strengthening their market share
- More than 11 million euros donated in direct support to Surrounding Communities
- Proposed distribution of gross dividend of 0.295 euros per share (+7.3% vs. year before)
