APC 1998 Annual Report Download - page 20

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Financial highlights
1995 to 1998
Net debt
Shareholders’ equity
42.4* 44.2*
47.4
(FF billion)
* Pro forma restated for Spie Batignolles
95 96 97 98
3.6*
5.0
5.6
48 %
29 %
12 % 7 %
3.9*
50.0
7.6 bn
95 96 97 98
0.9 bn
95 96 97 98
A significant increase in operating income:
up 12.6% between 1997 and 1998
up 56% between 1995 and 1998
Very low indebtedness:
FF 1.6 billion in 1998
FF 7.8 billion in 1995
Steady growth in sales:
up 5.5% between 1997 and 1998
up 18% between 1995 and 1998
(
Debt-to-equity ratio
)
(FF billion)
* Pro forma restated for Spie Batignolles