EURAZEO_REGISTRATION_DOCUMENT_2017
1
PRESENTATION OF THE GROUP
Solid results
A further strengthened financial structure - Eurazeo’s financial robustness, a major asset, improved in 2017. Group equity remained high at €5.5 billion at the year-end. With new scope entries, consolidated debt increased. This debt was without recourse to Eurazeo SE.
EURAZEO CASH POSITION (In millions of euros)
1,042
- 1,679
57
- 79
69
1,052
- 105
91
448
379
Dec. 31, 2017 Disposal gains
Investments and Reinvestments
Dividends received
Dividends paid
Share buybacks
Other
Dec. 31, 2017 Post-closing* Dec. 31, 2017 PF
(*) Taking into account the 30% acquisition of Rhône, the 70% stake in Idinvest, the exit of AccorHotels and the C2S investment
+ 4%
CHANGES IN CONSOLIDATED NET DEBT (Inmillions of euros)
4,587
3,619
of which: Eurazeo Capital : 1,715 Eurazeo PME : 640 Eurazeo Patrimoine : 427
2,451
1,501
355
2013 2014 2015 2016 2017
As of December 31, 2017, Group consolidated net debt stood at €2,451 million, taking into account the net debts of all consolidated investments (mainly acquisition debts) and the Eurazeo SA cash flow. The increase during the year reflects the high number of acquisitions in 2017, whose impact exceeded that of scope exits.
The companies’ debts are without recourse against Eurazeo SE.
2017 Registration document
Eurazeo
78
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