2023 universal registration document

1. Presentation of the Group – Integrated Report

NET PROFIT EXCLUDING NON‑RECURRING ITEMSATTRIBUTABLE TO THE OWNERS OF THE COMPANY Non-recurring items primarily include capital gains or losses on disposals of long-term assets, impairment of assets, restructuring costs and clearly identified, non-recurring income and expense items that are material to the consolidated financial statements. See note 11.4 of the Consolidated financial statements. (€ millions)
2021: 4,939 ;2022: 6,054; 2023: 6,487
EARNINGS PER SHAREDiluted earnings per share, based on net profit, excluding non-recurring items, after non-controlling interests.(€)
2021: 8.82; 2022: 11.26; 2023: 12.08
A SOLID BALANCE SHEET (€ millions)

This chart shows a solid balance sheet in millions of euros.

Assets

Total assets and liabilities

  • 2021: €43,013.4 million
  • 2022: €46,844.2 million
  • 2023: €51,855.1 million

Non-current assets

  • 2021: €30,937.6 million
  • 2022: €32,794.5 million
  • 2023: €35,529.7 million

Current assets

  • 2021: €12,075.8 million
  • 2022: €14,049.6 million
  • 2023: €16,325.4 million

Including Cash

  • 2021: €2,713.8 million
  • 2022: €2,617.7 million
  • 2023: €4,288.1 million

Liabilities

Total assets and liabilities

  • 2021: €43,013.4 million
  • 2022: €46,844.2 million
  • 2023: €51,855.1 million

Shareholder’s Equity

  • 2021: €23,592.6 million
  • 2022: €27,186.5 million
  • 2023: €29,081.6 million

Non-current liabilities

  • 2021: €1,579.5 million
  • 2022: €1,706.8 million
  • 2023: €1,733.0 million

Debts

  • 2021: €6,300.3 million
  • 2022: €5,650.9 million
  • 2023: €8,692.2 million

Current liabilities

  • 2021: €11,541.0 million
  • 2022: €12,300.0 million
  • 2023: €12,348.4 million
NET DEBT
non-inclus 31.12.2021 31.12.2022 31.12.2023
Net cash position = Net cash and cash equivalents or net debt (€ millions) Net cash or net debt = cash and cash equivalents – current and non–current liabilities. -3,586.4Including IFRS 16 lease debt for €2,035.9 million in 2019, €1,681.6 million in 2020, €1,670.3 million in 2021, €1,620.5 million in 2022 and €1,854 million in 2023. -3,033.2Including IFRS 16 lease debt for €2,035.9 million in 2019, €1,681.6 million in 2020, €1,670.3 million in 2021, €1,620.5 million in 2022 and €1,854 million in 2023. -4,404.0Including IFRS 16 lease debt for €2,035.9 million in 2019, €1,681.6 million in 2020, €1,670.3 million in 2021, €1,620.5 million in 2022 and €1,854 million in 2023.
Net debt ratio (Net financial position/Equity) 15.2% 11.2% 15.1%
SHORT-TERM AND LONG-TERM RATINGS