3 7

7,960

8,266

8,006

SALES AND ORGANIC GROWTH

(in €M)

2022 2023 2024

NET DEBT

AND LEVERAGE RATIO

(in €M)

OPERATING RESULT FROM ACTIVITY

AND OPERATING MARGIN

(in €M)

620

726

802

7.8

9.1

9.7

2022 2023 2024

Operating margin

as % of sales

1,973

(1)

1,926

(1)

1.8

1,769

(1)

1.8

2022 2023 2024

2.3

Net debt/adjusted EBITDA

(1) Including €371m of IFRS 16 in 2022,

€358m in 2023 and €311m in 2024

CHANGES IN SALES 2023/2024

(in €M)

INVESTMENTS

(in €M)

(1)

233

217

176

2022 2023 2024

2.9

2.2

2.6

% of sales

(1) Cash outflows for purchase of PP&E

and intangible investments

CHANGES IN OPERATING RESULTS FROM ACTIVITY ORFA

in M

169

Volumes

20

PriceMix

135

Cost

of sales

62

Growth

drivers

34

Commercial

and

administrative

expenses

120

Currencies

8

Scope

effect

726

2023

914

2024

LFL

802

2024

+400-205+65

8,006

8,266

Organic

growth

Currency

effect

Scope

2023 2024

+5.0%-2.6%+0.8%

+3.2%

+5.3%+5.0%