2 0 1 4 A C T I V I T Y R E P O R T / 4 4

IN MILLIONS OF EUROS - FOR THE YEAR ENDED DECEMBER 31 2014 2013*

Sales 13,081.2 13,011.6 Cost of goods sold (9,906.3) (9,823.1) GROSS PROFIT 3,174.9 3,188.5 Distribution and administrative expenses (2,544.3) (2,521.4) OPERATING INCOME BEFORE OTHER INCOME AND EXPENSES 630.6 667.1 Other income 11.7 11.4 Other expenses (146.5) (157.6) OPERATING INCOME 495.8 520.9 Financial income 4.4 2.5 Interest expense on borrowings (172.2) (167.4) Refinancing costs - (23.5) Other financial expenses (21.1) (25.1) NET FINANCIAL EXPENSES (188.9) (213.5) Share of profit / (loss) of associates - 0.4 NET INCOME BEFORE INCOME TAX 306.9 307.8 Income tax (106.9) (96.9) NET INCOME 200.0 210.9 PORTION ATTRIBUTABLE:

To the equity holders of the parent 199.7 210.5 To non-controlling interests 0.3 0.4 EARNINGS PER SHARE:

Basic earnings per share (in euros) 0.69 0.76 Fully diluted earnings per share (in euros) 0.69 0.75

CONSOLIDATED INCOME STATEMENT

*Restated for changes in accounting policies following the adoption of IFRIC interpretation 21 Levies

KEY PERFORMANCE FIGURES