Financial data

 

Results

Income statement for the first half of 2016 and 2015

2016 vs. 2015
€ mn1H 2015 1H 2016 Curr. fxCons. fx(1)
Net sales 4,667   4,719   1.1% 3.5%
Eyemed change in sales presentation 86   -      
Net sales adjusted 4,752   4,719   -0.7% 1.6%
Wholesale 2,008   1,970   -1.9% 1.1%
Retail sales adjusted 2,745   2,749   0.2% 1.9%
Gross profit 3,191 67.1% 3,108 65.8%   -90bps
Operating income 859 18.4% 788 16.7%   -140bps
Adjustments (pre tax) (20)   (69)      
Operating income adjusted 879 18.5% 857 18.2%   unchanged
Wholesale operating income adjusted 556 27.7% 565 28.7%   +150bps
Retail operating income adjusted 424 15.5% 384 14.0%   -150bps
Net income 505 10.8% 476 10.1%   -50bps
Adjustments (after tax) (20)   (56)      
Net income adjusted 525 11.0% 532 11.3%   +50bps
EPS 1.05   0.99      
EPS adjusted 1.10   1.11      

Cash flow

 June 30, 2015June 30, 2016YoY change
Adj. EBITDA(3)(4) 1,115 1,106 (9)
Δ working capital (262) (295) (33)
Capex (217) (285) (68)
Operating cash flow 635 525 (110)
Free cash flow(3) 299 403 104

3,4: for further details, please read the presentation

Debt overview

Millions of EuroJune 30, 2015June 30, 2016Δ
Net debt (3) (1,447) (1,127) 320
Net debt/adj. EBITDA (3,4) 0.8x 0.6x  
Net debt/adj. EBITDA excluding exchange rate effect (3,4,5) 0.8x 0.6x  

3,4,5: for further details, please read the presentation

Last updated: Nov 28 2016