Historical summary

Historical summary

(in millions of euros, unless otherwise indicated)

2018

2017

2016

2015

2014

20131

2012

2011

2010

2009

2008

Profit and loss account

Revenue

1,509

1,458

1,435

1,423

1,438

1,364

1,353

1,278

1,180

1,154

1,154

Other income and results from investment property

107

80

71

117

35

3

-13

-

22

-40

22

Total operating revenue

1,616

1,538

1,506

1,540

1,473

1,367

1,340

1,278

1,202

1,114

1,176

Total operating expenses before depreciation, amortisation and impairment

-981

-916

-848

-804

-838

-796

-806

-766

-719

-731

-709

EBITDA

635

622

658

735

635

571

534

512

483

383

467

Depreciation, amortisation and impairment

-267

-264

-238

-230

-232

-266

-238

-208

-186

-196

-172

Operating result

368

359

420

505

403

305

296

304

297

187

295

Financial income and expenses

-90

-86

-91

-89

-86

-90

-88

-91

-115

-91

-54

Taxation, share in operating result of associates and minority interests

7

12

-18

-38

-43

15

-12

-15

-10

37

-54

Result on ordinary activities after tax

285

286

311

378

274

230

196

198

172

133

187

Minority interests

7

6

5

4

2

3

-2

3

3

-

-

Net result

278

280

306

374

272

227

198

195

169

133

187

Balance sheet

Non-current assets

6,493

6,040

5,818

5,646

5,413

4,929

5,108

5,106

5,000

4,798

4,754

Current assets

861

615

608

759

415

772

681

681

506

729

655

Total assets

7,354

6,655

6,426

6,405

5,829

5,701

5,789

5,787

5,506

5,527

5,409

Equity

4,117

3,978

3,860

3,716

3,453

3,309

3,203

3,175

3,109

2,975

2,887

Provisions

106

79

57

56

57

46

44

51

65

69

50

Non-current liabilities

2,474

2,225

2,172

2,021

1,987

1,576

1,980

1,980

1,762

2,061

1,747

Current liabilities

656

373

337

612

334

770

562

581

570

422

725

Total equity and liabilities

7,354

6,655

6,426

6,405

5,830

5,701

5,789

5,787

5,506

5,527

5,409

Operating cash flow2

526

267

438

508

508

462

399

387

351

327

421

Ratios

Operating result as % of revenue

24.4

24.6

29.3

35.5

27.3

22.4

21.9

23.8

25.1

16.2

25.5

Return on average equity in % (ROE)

7.0

7.2

8.2

10.4

8.0

7.0

6.2

6.2

5.6

4.5

6.4

Return on Average Capital Employed in %3

7.2

7.2

8.2

10.1

8.4

7.2

7.4

7.5

7.3

4.5

7.3

FFO/Total debt in %4

18.7

21.6

22.8

22.0

26.5

26.0

24.5

18.5

17.0

18.5

19.3

FFO interest coverage ratio5

6.6

6.9

6.8

6.7

6.4

5.8

5.6

4.5

3.8

4.4

6.5

Leverage6

38.9

35.2

34.9

37.0

35.0

36.2

37.8

37.9

37.2

40.5

38.6

Figures per share

Earnings per share

1,496

1,503

1,645

2,010

1,461

1,222

1,068

1,045

908

710

1,083

Operating cash flow per share

2,827

1,435

2,354

2,728

2,730

2,446

2,143

2,081

1,883

1,756

2,439

Dividend per share

631

807

797

1,006

744

726

582

524

409

347

371

Personnel

Average effective full-time equivalent employees

2,324

2,180

2,063

2,000

2,039

2,058

2,087

2,115

2,328

2,496

2,506

  • 1 Comparative figures before 2012 have not been restated due to adoption of IFRS 11
  • 2 For analysis see the cash flow statement
  • 3 As from 2006: Operating result + result and interest associates / average of equity and interest-bearing debt
  • 4 As from 2006: see calculation FFO / Total debt and FFO/ Interest coverage in the note on Financial Risk Management
  • 5 As from 2006: see calculation FFO / Total debt and FFO/ Interest coverage in the note on Financial Risk Management Up to and including 2005: Funds from operating activities adjusted for working capital plus interest income / interest costs
  • 6 As from 2004: Interest-bearing debt / equity plus interest-bearing debt in %

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