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Financial Results 2009
  • Revenue €1,921 million, a decrease of 15.8% (a like-for-like¹ decrease of 15.2%).
  • Operating income (EBIT) € 121 million, a decrease of 35.4% (a like-for-like¹ decrease of 29.8%).
  • Resilience in France and Germany. Difficult conditions in the U.K., Spain and Italy continued whilst other European markets also suffered from declining revenues.
  • Significant year-on-year revenue reduction in the U.S., stabilising by year end. Slightly better activity levels in Canada.
  • Central American and Mexican markets mirrored the U.S. trend of deteriorating revenue. Revenue decline less pronounced in certain South American markets, such as Peru.
  • Australian and New Zealand markets also affected by global recession, and difficult market conditions continued in South Africa.
  • Satisfactory performance in China and Malaysia. Proposed dividend of € 0.24 gross per share (€ 0.18 net), an increase of 4.35%.


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