Invitation to our General Meeting 2021

Outstanding performance in 2020 facing covid-19 situation

Highlights and performance of the Group in 2020

Outstanding performance in 2020 facing covid-19 situation

Outstanding performance in 2020 facing covid-19 situation

2.4 billion euros

Net profit (Group share)

  • Sales resisting
    -6.5%, -1.3% comparable
  • High net profit growth 
    +8.6%
  • Improved OIR margin(a)
    +80 bps
  • Investment decisions
    > €3 bn

Staying committed to shareholders on the long term

Dividend Proposal:

2.75 euros (b)
  • Dividend fully paid in 2020, +12.4% strong dividend increase
  • Free share attribution in June 2022
  • New dividend increase proposed in 2021
    +1.9% increase

    Payout ratio:
    55%

Dividend growth

Dividend(c) in euro per share

+7.8% CAGR* over 20 years

2020 : € 2.75(b)

* Compound annual growth rate.

(a) Change in Operating Income Recurring on Sales, excluding energy impact.

(b) Subject to the approval of shareholders during the General Meeting on May 4, 2021.

(c) Historical data adjusted for past free share attributions and for the value of the rights of the 2016 capital increase