2019 Annual financial report

Key figures

CHIFFRES-CLÉS

OPERATING MARGIN*
In millions of euros 
 2019 /1699  en % du revenu net 17,3 % (1) 2018 /1523 17, 0%  2017 / 1505 15,5 % (2) net

(1) Excluding transaction costs for the Epsilon acquisition.
(2) as a % of revenue before application of IFRS 15

HEADLINE GROUPE NET INCOME*
In millions of euros 
2017 (3) : 1,037, 2018 : 1,082, 2019 : 1,188

(3) before application of IFRS 16 

FREE CASH FLOW BEFORE CHANGE IN WORKING CAPITAL REQUIREMENTS
In millions of euros
2019 -1253 2018 -1158 2017 -1287
HEADLINE DILUTED EARNINGS PER SHARE*
In euros2017 : 4,50 (3), 2018 : 4,61, 2019 : 5,02

(3) before application of IFRS 16 

PAYOUT RATIO*
In %
2019 -22,9% 2018-44,9 % 2017 -44,4%

* See definitions in the glossary at the end of the introduction section.

DIVIDEND PER SHARE
In euros
2017 - 2,00 €, 2018 - 2,12€, 2019 - 1,15 € (4)

(4) Following the Management Board’s recommendation, the Supervisory Board decided to propose a dividend of 1.15 euro per share instead of 2.30 euro as initially planned. This is an exceptional measure linked to COVID-19 pandemic and the dividend will be submitted to Shareholders’ vote on May 27, 2020.