Volumes up 2.1%, outpacing the markets
€159m positive impact from changes in price mix and raw materials costs, thanks to effectivemanagement
Competitiveness plan: €1.2bn target met over the 2012-2016 period
Strong free cash flow for the year, at €1,024m ? With €961m in structural free cash flow, up €128m
Two-year, €750m share buyback program completed and 4.5% of outstanding shares canceled,of which 1.8% (for €301m) in 2016
Proposed dividend of €3.25* per share, for a payout of 36.5% of consolidated net income before non-recurring items
2017 guidance in line with 2020 objectives
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