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Satisfactory Improvement of Overall Performance Despite Challenging Market Environment.

Highlights 2011 full year results
  • Revenue amounts to € 2,235 million, an increase of 5.3% (a like-for-like¹ increase of 6.1%) with an operating income (EBIT) of € 175 million, an increase of 28.9% (a like-for-like¹ increase of 28.8%).
  • Challenging market conditions in Europe.
  • Continued strong performance in North America as a result of a positive market environment in Canada and improvement in the US.
  • Revenue increases throughout Latin America and improved performance in Mexico and Central America with mixed results in South America.
  • Satisfactory performance in Australia and New Zealand. Overall good performance in Asia and encouraging improvement in South Africa.
  • Proposed dividend of € 0.30 gross per share (€ 0.225 net), an increase of 11.1%


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