We believe in an economy that is a system of relations based on trust and transparency, an integrated dynamic network of cross-cutting communities, built over time to create and exchange value.

ITEMS DESCRIPTION   2017 2018 VAR 2018/2017
ECONOMIC VALUE GENERATED DIRECTLY   euro/million 5,047 5,513 9.2%
a) Revenue Sales revenue euro/million 5,020 5,474 9.0%
b) Finance income Interest income and return on equity investments euro/million 27 40 47.5%
c) Capital gains/losses on business profits Business profits euro/million - (0) -
DISTRIBUTED ECONOMIC VALUE   euro/million 4,804 5,266 9.6%
a) Operating costs Payments to Suppliers euro/million 3,734 4,089 9.5%
b) Cost of personnel Payments to employees euro/million 912 952 4.3%
c) Dividends Payments to suppliers of capital (shareholders) euro/million - 17 -
d) Interest paid and financial costs Payments to suppliers of capital (shareholders) euro/million 115 141 22.3%
e) Duties and taxes Payment of duties, taxes and other financial and legal fees euro/million 40 64 60.8%
f) Donations to associations Community investments euro/million 3 3 26.1%
ECONOMIC VALUE RETAINED Calculated as the difference between the economic value generated and the economic value distributed euro/million 242 247 2.2%

Related Topics

Economic Responsibility

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Supply chain management