Analysts' consensus

Turnover (€ million)

15,489

14,279

60,821

Turnover change (%)

1.5%

1.1%

2.0%

Exchange rates (%)

(1.7)%

(1.8)%

(1.5)%

Acquisitions and disposals (%)

(0.9)%

(0.9)%

(0.8)%

Underlying sales growth (%)

4.2%

4.2%

4.2%

Price (%)

1.0%

1.3%

1.4%

Volume (%)

3.2%

2.8%

2.8%

Underlying operating profit

11,117

Underlying operating margin (%)

18.3%

Change in underlying operating margin (%)

1.6%

Non A&D restructuring costs

(677)

Net finance cost

(653)

Joint ventures, associates

250

Non current investments

10

Underlying profit before taxation

10,695

Underlying tax rate %

(26.0)%

Underlying taxation

(2,712)

Operating profit

10,528

Operating margin (%)

17.3%

Net profit (underlying)

7,977

Attributable to non controlling interests (NCI)

657

Underlying profit attributable to shareholder's equity

7,327

Average # of shares on a fully diluted basis

2,499

Underlying EPS (in Euros)

2.93

Underlying EPS growth (%)

12.6%