2016 annual results: Revenue was nearly stable and results exceeded objectives

Revenue down 0.4% to €24,390 million. Improvement at the end of the year (+1.9% in the fourth quarter).
EBIDA increased 4.3% to €3,056 million.
Growth in current EBIT of 8.5% to €1,384 million.
Strong growth in current net income-group share, up 10.8% to €610 million, and up 19.3% excluding financial capital gains.
Net free cash flow generation of €970 million due to a significant reduction in working capital requirements
Net financial debt declined €359 million to €7,811 million, resulting in a leverage ratio below 2.6x.
Post-tax ROCE of 7.2%, representing continued improvement over the last four years.
Proposed increase in 2016 dividend to €0.80 per share, paid in cash.