First Quarter 2016 Results

With a good start to the year in all Companies of the Group:

• Consolidated Sales grew 6% to 3.4 billion euros
• Operating Cash Flow (EBITDA) amounted to 183 million euros (+11%)
• Investment of 83 million euros, with 50% to be channelled to Biedronka
• Net Profit increased 19% to 77 million euros