Targets 2011

Group

> Download the related slide from the presentation discussed on February 25, 2011 (file .pdf, 98 KB)

2011 Group Targets

2011 Group targets for the main economic indicators include the Argentina Business Unit and are at constant perimeter, exchange rates, and exclude non organic items:

• Revenues and organic EBITDA broadly stable compared with 2010 (restated considering the Argentina BU consolidated for 12 months)
• Capex of around €4.8 billion
• Adjusted net financial debt of around €29.5 billion.

2011-2013 Group Targets

2011-2013 targets for the main financial indicators are:

• Cumulative operating free cash-flow over €22 billion
• Adjusted net financial position of around €25 billion year-end 2013.
  

Core Markets

> Download the related slide from the presentation discussed on February 25, 2011 (file .pdf, 64 KB)