FREE CASH FLOW AFTER ACQUISITIONS AND DISPOSALS* (in million euros)

108.9 186.1

2011 2012

NORMALIZED INCOME FROM OPERATIONS* (in million euros)

GROUP NET INCOME (in million euros)

+ 10.6 % as reported

237.9 263.1

20122011

Group

Stationery

Lighters

Shavers

Other products

Advertising and promotional

products

36 2.

4

83 .5

59 .8

2 4

.3

19 9.

9

37 3.

8

94 .7

64 .8

22 .0

-5 .2

- 15

.3

20 7.

6

20122011

*See glossary page 47

12 Figures