Results

2008 results


€39.5 billion of revenue before tax in 2008 (+ 7.5%)
(468 consolidated hypermarkets (462 fully-consolidated and 6 accounted for using the equity method) and 726 supermarkets at 31/12/08)

€48.3 billion of revenue including tax, for the chains (+ 8.6%)
(490 hypermarkets and 2,225 supermarkets and minimarkets at 31/12/08)

€ 2,260 million of EBITDA (recurring operating income before other recurring operating income and expenses, depreciation, amortisation and provisions) (+ 9.2%)

€744 million of net income from continuing operations (-2.4%)

€727 million of net income attributable to equity holders of the parent (-24.4%)
(- 2.7% excluding income from disposals)

€1,568 million from cash flows from operations (+0.26%)

39 % gearing ratio (Financial debt reduced by cash and cash equivalents plus or minus derivative financial instruments)

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