Solid and Sustainable performance
(as reported, before restatement for IFRS 15)
Full Year 2017 Net Sales were 2,020.3 million euros, up 1.4% on a comparative basis. Europe and Developing Markets grew by 4.9% and 2.2%, respectively, while North America declined by 1.7% on a comparative basis.
Comment by category
Stationery full-year 2017 Net Sales increased by 1.5% (up 3.4% on a comparative basis). Full year 2017 volumes grew by 2.4%. Net Sales grew mid-single digit in Europe. North America’s Net Sales were slightly up, driven by new added-value product launches. In Developing Markets, the Middle-East and Africa region delivered solid growth along with an outstanding performance in South Africa thanks. In India, Cello Pens’ Domestic Net Sales increased high-single digit.
Full-year 2017 Net Sales of Lighters grew by 1.1% (up 2.2% on a comparative basis). Full year 2017 volumes were up by 0.8%. In Europe, Net Sales increased mid-single digit, driven by both Western Europe and Eastern Europe. In North America, 2017 Net Sales grew low single digit. In Developing Markets, 2017 Net Sales declined slightly. Latin America posted low-single digit growth driven by distribution gains in Mexico.
Full-year 2017 Net Sales of Shavers decreased by 2.7% (down 2.2% on a comparative basis). Full-year 2017 volumes were up by 3.0%. Europe’s Net sales increased high-single digit, driven by Eastern Europe’s performance. In North America, Net Sales declined double-digit. In Developing Markets, 2017 Net Sales increased mid-single-digit, with a growth in Latin America, Middle-East and Africa.
Key Group Indicators
Results by category
Results by geography
We favor a balanced approach to value sharing, distributing the fruits of our growth with all of our stakeholders, while investing in the future of the Group.
* Distribution to shareholders does not take into account the change in working capital requirements and is restated for discontinued operations..