Half-Year Financial Report - For the Six Months Ended June 30, 2020

Chapter 2. Consolidated interim financial statements half-year ended june 30, 2020

/ 2019 financial year
(in millions of euros)EuropeNorth AmericaAsia PacificLatin AmericaMiddle East & AfricaTotal
Income statement items





Net revenue(1) 

Net revenue

(1) 

Europe

2,630

Net revenue

(1) 

North America

5,516

Net revenue

(1) 

Asia Pacific

1,006

Net revenue

(1) 

Latin America

326

Net revenue

(1) 

Middle East & Africa

322

Net revenue

(1) 

Total

9,800

Revenue(1) 

Revenue

(1) 

Europe

3,123

Revenue

(1) 

North America

5,972

Revenue

(1) 

Asia Pacific

1,152

Revenue

(1) 

Latin America

335

Revenue

(1) 

Middle East & Africa

419

Revenue

(1) 

Total

11,001

Depreciation and amortization expense (excluding intangibles arising from acquisitions and  right-of-use assets)

Depreciation and amortization expense (excluding intangibles arising from acquisitions and  right-of-use assets)

Europe

(251)

Depreciation and amortization expense (excluding intangibles arising from acquisitions and  right-of-use assets)

North America

(228)

Depreciation and amortization expense (excluding intangibles arising from acquisitions and  right-of-use assets)

Asia Pacific

(75)

Depreciation and amortization expense (excluding intangibles arising from acquisitions and  right-of-use assets)

Latin America

(17)

Depreciation and amortization expense (excluding intangibles arising from acquisitions and  right-of-use assets)

Middle East & Africa

(15)

Depreciation and amortization expense (excluding intangibles arising from acquisitions and  right-of-use assets)

Total

(586)

Operating Margin

Operating Margin

Europe

360

Operating Margin

North America

1,041

Operating Margin

Asia Pacific

178

Operating Margin

Latin America

45

Operating Margin

Middle East & Africa

35

Operating Margin

Total

1,659

Epsilon transaction costs

Epsilon transaction costs

North America

(40)




Epsilon transaction costs

Total

(40)

Operating margin excluding Epsilon transaction costs

Operating margin excluding Epsilon transaction costs

Europe

360

Operating margin excluding Epsilon transaction costs

North America

1,081

Operating margin excluding Epsilon transaction costs

Asia Pacific

178

Operating margin excluding Epsilon transaction costs

Latin America

45

Operating margin excluding Epsilon transaction costs

Middle East & Africa

35

Operating margin excluding Epsilon transaction costs

Total

1,699

Amortization of intangibles from acquisitions

Amortization of intangibles from acquisitions

Europe

(11)

Amortization of intangibles from acquisitions

North America

(191)

Amortization of intangibles from acquisitions

Asia Pacific

(1)

Amortization of intangibles from acquisitions

Latin America

(1)

Amortization of intangibles from acquisitions

Middle East & Africa

-

Amortization of intangibles from acquisitions

Total

(204)

Impairment

Impairment

Europe

(38)

Impairment

North America

(156)

Impairment

Asia Pacific

-

Impairment

Latin America

(1)

Impairment

Middle East & Africa

(14)

Impairment

Total

(209)

Non-current income and expenses

Non-current income and expenses

Europe

(30)

Non-current income and expenses

North America

38

Non-current income and expenses

Asia Pacific

12

Non-current income and expenses

Latin America

0

Non-current income and expenses

Middle East & Africa

1

Non-current income and expenses

Total

21

Operating income after impairment

Operating income after impairment

Europe

281

Operating income after impairment

North America

732

Operating income after impairment

Asia Pacific

189

Operating income after impairment

Latin America

43

Operating income after impairment

Middle East & Africa

22

Operating income after impairment

Total

1,267

Balance sheet items





Intangible assets, net(2) 

Intangible assets, net

(2) 

Europe

1,904

Intangible assets, net

(2) 

North America

10,008

Intangible assets, net

(2) 

Asia Pacific

1,105

Intangible assets, net

(2) 

Latin America

256

Intangible assets, net

(2) 

Middle East & Africa

335

Intangible assets, net

(2) 

Total

13,608

Property, plant and equipment, net (including right-of-use assets on leases)

Property, plant and equipment, net (including right-of-use assets on leases)

Europe

991

Property, plant and equipment, net (including right-of-use assets on leases)

North America

1,570

Property, plant and equipment, net (including right-of-use assets on leases)

Asia Pacific

187

Property, plant and equipment, net (including right-of-use assets on leases)

Latin America

44

Property, plant and equipment, net (including right-of-use assets on leases)

Middle East & Africa

50

Property, plant and equipment, net (including right-of-use assets on leases)

Total

2,842

Other financial assets

Other financial assets

Europe

124

Other financial assets

North America

56

Other financial assets

Asia Pacific

29

Other financial assets

Latin America

6

Other financial assets

Middle East & Africa

3

Other financial assets

Total

218

Disclosures in respect of the statement of cash flows





Purchases of property, plant and equipment and intangible assets

Purchases of property, plant and equipment and intangible assets

Europe

(68)

Purchases of property, plant and equipment and intangible assets

North America

(143)

Purchases of property, plant and equipment and intangible assets

Asia Pacific

(15)

Purchases of property, plant and equipment and intangible assets

Latin America

(3)

Purchases of property, plant and equipment and intangible assets

Middle East & Africa

(3)

Purchases of property, plant and equipment and intangible assets

Total

(232)

Purchases of investments and other financial assets, net

Purchases of investments and other financial assets, net

Europe

19

Purchases of investments and other financial assets, net

North America

1

Purchases of investments and other financial assets, net

Asia Pacific

1

Purchases of investments and other financial assets, net

Latin America

(1)

Purchases of investments and other financial assets, net

Middle East & Africa

-

Purchases of investments and other financial assets, net

Total

20

Acquisitions of subsidiaries

Acquisitions of subsidiaries

Europe

(378)

Acquisitions of subsidiaries

North America

(3,764)

Acquisitions of subsidiaries

Asia Pacific

1

Acquisitions of subsidiaries

Latin America

(2)

Acquisitions of subsidiaries

Middle East & Africa

-

Acquisitions of subsidiaries

Total

(4,143)

(1) Because of the way this indicator is calculated (difference between billings and cost of billings), there are no eliminations between the different zones.

(2) The intangible assets breakdown has been restated to take into account the new organization. The presentation of the other balance sheet items is not impacted by the reorganization.