Results Presentation 2016

Main highlights of the year

• Consolidated sales of 14.6 billion euros
• Consolidated EBITDA of 862 million euros
• Capex investment of 482 million euros (48.3% in Biedronka)
• Cash flow rose by 49% to 718 million euros (including the Monterroio's proceeds of sale)
• Net Cash position of 335 million euros at the year-end
• PRE-TAX ROIC of 29.1%
• Net Profit of 593 million euros (361 million euros on a comparable basis)