Financial Highlights
Sales of €18 billion, in line with 2012; like-for-like sales down 2%
6% decline in first half, followed by a 2% increase in the second half
EBITDA of €1,475 million; ahead of November guidance
Americas like-for-like sales up 2%; improving economic and construction trends
Like-for-like sales down 1% in the weather-impacted first half; up 5% in the second half
US Dollar EBITDA up 10%
Europe like-for-like sales down 5%; signs of stabilisation as year progressed
Like-for-like sales down 10% in first half; second half down 1%
EBITDA for the year down 19%, also impacted by lower (-€29m) once-off gains
Year-end net debt of €2.97 billion; better than November guidance
Dividend per share maintained at 62.5c
Operational Highlights
Acquisitions and investments of €720 million in 2013
Initial phase of ongoing portfolio review now complete
Business units not meeting returns criteria and identified for disposal account for 3% of 2013 EBITDA; non-cash impairment charges of €755 million (including €105 million in respect of JVs and associates)
Cost savings of €195 million delivered, in line with November guidance
