Results Presentation 2014

Main highlights of the year

• Consolidated sales rose 851 million Euros Vs 2013
• Consolidated EBITDA of 733 million Euros
• Capex investment of 470 million Euros (77% in Biedronka)
• Cash flow rose by 41% to 267 million Euros
• Strengthening Balance Sheet solidity (16.7% Gearing at year end)
• PRE-TAX ROIC of 21%
• Net Profit of 302 million Euros