2012 Annual Report

Solid performance in 2012 as a result of worldwide presence and of diversification of product portfolio and markets.

Revenue amounts to € 2,377 million, an increase of 6.3% (a like-for-like¹ increase of 2.2%).
The Group’s net profit for 2012 grew 29% to € 118 million (2011: € 91 million).
Challenging market conditions in Europe, particularly in the UK and Italy.
Continued strong performance of manufacturing as well as distribution activities in North America.
Top line revenue growth in most Latin American operations and continuing trend of improved operating performance.
Performance in line with expectations in Australia and New Zealand; export challenged by strength of local currencies. Satisfactory performance in Asia and improvement in South Africa.
Acquired full ownership of Vinilit (Chile) in 2012, In early 2013, acquisition of majority stake in Ashirvad Pipes (India) and certain assets of Petzetakis (South Africa).
Proposed gross dividend of € 0.33 per share (€ 0.2475 net), an increase of 10.0%