03/09/2006 : 2005 Annual Results
Significantly higher results
Sharp rise in cash flow, generated by organic growth
- Recurring operating income rose to € 1,084 million, up 9.9% in actual terms and 19.1% at constant exchange rates
- Free cash flow from operations (€ 955 million)
up sharply (+31%)
- Debt-to-equity ratio
at 56.4%
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François-Henri Pinault, Chairman and CEO of PPR, stated: “Once again, PPR’s results underscore the relevance of our strategy and positioning. Organic growth in all our businesses generated a sharp rise in cash flow. More balanced, more international and more efficient, we are confident in the Group’s further success in 2006. The strength of its brands and retail concepts on higher growth market segments should enable PPR to post strong improvements in its operating performances.”
|
(In € million) |
2005 |
2004 (1) |
Change |
|
under IFRS |
|
|
|
|
Revenues |
17,766 |
17,042 |
+ 4.2% |
|
Recurring operating income |
1,084 |
986 |
+ 9.9% |
|
Adjusted net income Group share(2) |
539 |
485 |
+ 11.2% |
(1) Adjusted for the impact of the transition to IFRS and change in the reporting period of Gucci Group.
(2) Group share of net income from continuing operations excluding non-current items.
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PRESENTATION
You can listen to the presentation of the 2005 annual results to the financial community today at 8.30 am Paris time.
Live
In French: +33 (0)1 71 23 08 18
In English: UK: +44 (0)20 7138 0835
US: +1 718 354 1172
Replay
In French: +33 (0)1 71 23 02 48
Access code: 64 23 334
In English:
UK: +44 (0) 20 7806 1970
US: +1 718 354 1112
Access code: 36 44 665
A live webcast
(Real and Windows Media Player formats) as well as the presentation slides (PDF) will be available from
8.30am Paris time at
www.pprfinance.com. A replay will be available later in the day.
CONTACTS
Press:
Peggy Nahmany
+33 (0)1 45 64 65 06
Catherine Malek
+33 (0)1 45 64 61 20
Analysts/Investors:
Marc Willaume
+33 (0)1 45 64 63 81
Alexandre de Brettes
+33 (0)1 45 64 61 49