Financial data

Results

Income statement for years ended December 31, 2016 and December 31, 2015

2016 vs. 2015
FY 2015FY 2016Curr. fxConst. fx(1)
Net sales 8,837   9,086   2.8% 3.9%
    Eyemed change in sales presentation 174   -      
Net sales adjusted(3) 9,011   9,086   0.8% 1.9%
- Wholesale 3,593   3,528   -1.8% -0.4%
- Retail sales adjusted(3) 5,418   5,558   2.6% 3.4%
Gross profit adjusted(3)(4) 6,002 66.6% 5,951 65.5%   -100bps
Operating income 1,376 15.6% 1,345 14.8%   -70bps
Adjustments (66)   (87)      
Operating income adjusted(3)(4) 1,443 16.0% 1,432 15.8%   -10bps
- Wholesale operating income adjusted(3)(4) 860 23.9% 850 24.1%   +30bps
- Retail operating income adjusted(3)(4) 798 14.7% 762 13.7%   -100bps
Net income 804 9.1% 851 9.4%   +30bps
Adjustments (after tax) (50)   (31)      
Net income adjusted(3)(4) 854 9.5% 882 9.7%   +30bps
             
EPS 1,68   1,77      
EPS adjusted(3)(4) 1,78   1,84   3,3% 5,1%

For additional information about adjusted figures and non-IFRS measure please see the press release

Cash flow

 December 31, 2015December 31, 2016YoY change
Adj. EBITDA 1,920 1,945 25
Δ working capital 31 (83) (113)
Capex (514) (652) (138)
Operating cash flow 1,437 1,211 (226)
Free cash flow 768 664 (103)


Debt overview

Millions of EuroDecember 31, 2015December 31, 2016YoY change
Net debt 1,006 1,177 (171)
Net debt/adj. EBITDA 0.5x 0.6x
Net debt/adj. EBITDA excluding exchange rate effect (1) 0.5x 0.6x

1: for further details, please read the press release

Last updated: Mar 02 2017