%PDF-1.5 1 0 obj <> endobj 3 0 obj <> endobj 4 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 30.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 333.75 787.41 Td (Interim Report) Tj ET Q BT /F3 30.00 Tf ET q 0 0.3333333333333333 0.3333333333333333 rg BT 538.77 787.41 Td ( ) Tj ET Q BT /F2 14.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.7843137254901961 0.11764705882352941 rg BT 421.30 766.06 Td (First quarter 2018) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 60.05 58 m 60.05 19 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 60.05 58 m 233.05 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 60.05 19 m 233.05 19 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.05 58 m 233.05 19 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.05 58 m 417.05 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.05 19 m 417.05 19 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.05 58 m 417.05 19 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 541.05 58 m 541.05 19 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.05 58 m 541.05 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.05 19 m 541.05 19 l s BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.7843137254901961 0.11764705882352941 rg BT 62.55 43.70 Td (Press Office: ) Tj ET Q BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 107.68 43.70 Td (+31 88 659 5134) Tj ET Q BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.7843137254901961 0.11764705882352941 rg BT 62.55 36.70 Td (Investor Relations: ) Tj ET Q BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 127.51 36.70 Td (+31 88 659 5213) Tj ET Q BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 7.00 Tf ET q 0 0.7843137254901961 0.11764705882352941 rg BT 62.55 29.70 Td (www) Tj ET Q q 0 0.7843137254901961 0.11764705882352941 rg BT 78.62 29.70 Td (.aholddelhaize.com) Tj ET Q BT /F2 7.00 Tf ET q 0 0.7843137254901961 0.11764705882352941 rg BT 235.55 47.20 Td (Social Media) Tj ET Q BT /F2 7.00 Tf ET q 0 0.7843137254901961 0.11764705882352941 rg BT 235.55 40.20 Td (T) Tj ET Q q 0 0.7843137254901961 0.11764705882352941 rg BT 239.31 40.20 Td (witter: ) Tj ET Q BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 262.25 40.20 Td (@AholdDelhaize) Tj ET Q BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.7843137254901961 0.11764705882352941 rg BT 235.55 33.20 Td (Y) Tj ET Q q 0 0.7843137254901961 0.11764705882352941 rg BT 239.70 33.20 Td (outube:) Tj ET Q BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 265.36 33.20 Td ( @AholdDelhaize) Tj ET Q BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.7843137254901961 0.11764705882352941 rg BT 235.55 26.20 Td (LinkedIn:) Tj ET Q BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 266.66 26.20 Td ( @Ahold-Delhaize) Tj ET Q BT /F4 8.00 Tf ET q 0 0.3333333333333333 0.3333333333333333 rg BT 501.05 49.68 Td (Page 1/24) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 731.65 Td (Ahold Delhaize reports another strong quarter with operating income up ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.64 731.65 Td (10.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.00 731.65 Td ( at constant ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 719.65 Td (exchange rates) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 700.85 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 700.85 Td (Net sales of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 141.08 700.85 Td (14.9 billion) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 194.46 700.85 Td (, up ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 213.91 700.85 Td (2.5%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 236.71 700.85 Td ( at constant exchange rates) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 686.05 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 686.05 Td (Net consumer online sales up ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 220.02 686.05 Td (23.2%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 248.37 686.05 Td ( at constant exchange rates) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 671.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 671.25 Td (Underlying operating margin up ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 227.80 671.25 Td (0.2%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 250.60 671.25 Td (-point to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 289.51 671.25 Td (4.0%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 312.30 671.25 Td (, underlying operating income 600 million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 656.45 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 656.45 Td (Net income up ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 152.76 656.45 Td (25.7%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 181.11 656.45 Td ( at constant exchange rates to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 317.86 656.45 Td (407 million) Tj ET Q BT /F4 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 641.65 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 641.65 Td (Improved comparable sales growth in the U.S., with synergies driving further margin expansion) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 626.85 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 626.85 Td (Encouraging sales trends in Belgium as a result of improved commercial and operational performance) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 612.05 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 612.05 Td (Strong free cash flow of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 193.33 612.05 Td (441 million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 246.70 612.05 Td (, up ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 266.15 612.05 Td (244 million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 319.52 612.05 Td (, mainly due to improved net working capital) Tj ET Q 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 595.55 m 546 595.55 l s BT /F4 10.00 Tf ET /GS0 gs q 148.47 0 0 54.00 65.80 759.67 cm /I1 Do Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 76.50 581.25 Td (Zaandam, the Netherlands, May 9, 2018 -) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 261.60 581.25 Td ( ) Tj ET Q q 0 0 0 rg BT 263.83 581.25 Td (Ahold Delhaize, one of the world) Tj ET Q q 0 0 0 rg BT 409.85 581.25 Td (s largest food retail groups ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 568.45 Td (and a leader in both supermarkets and e-commerce, reports another strong quarter with solid sales ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 555.65 Td (growth and higher margins, resulting in marked growth of operating income and strong growth of net ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 542.85 Td (income at constant exchange rates. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 524.05 Td (Dick Boer) Tj ET Q q 0 0 0 rg BT 119.29 524.05 Td (, CEO of ) Tj ET Q q 0 0 0 rg BT 159.86 524.05 Td (Ahold Delhaize, said: "W) Tj ET Q q 0 0 0 rg BT 269.40 524.05 Td (e are pleased with our performance during the first quarter) Tj ET Q q 0 0 0 rg BT 526.76 524.05 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 511.25 Td (proving that the execution of our Better ) Tj ET Q q 0 0 0 rg BT 251.43 511.25 Td (T) Tj ET Q q 0 0 0 rg BT 256.43 511.25 Td (ogether strategy continues to bear fruit, delivering sales ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 498.45 Td (growth and synergies throughout the business. Benefiting from our scale and building on our leading ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 485.65 Td (positions on the U.S. East Coast and in Europe, our great local brands demonstrated their capabilities ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 472.85 Td (and agility to meet rapidly changing consumer needs and preferences. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 454.05 Td (First-quarter sales rose 2.5% at constant exchange rates to 14.9 billion, supported by a solid ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 441.25 Td (performance in our brick-and-mortar stores and ongoing strong growth of online businesses. Our ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 428.45 Td (underlying operating margin expanded to 4.0% from 3.8% in the same period last year) Tj ET Q q 0 0 0 rg BT 457.28 428.45 Td (, primarily driven ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 415.65 Td (by synergies. Net consumer online sales grew 23% across the group, maintaining our momentum to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 402.85 Td (realize nearly 5 billion in online consumer sales by 2020.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 384.05 Td ("The U.S. brands, which are reported as one segment as of January 1, reported improved comparable ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 371.25 Td (sales growth excluding gasoline of 2.8%, supported by the favorable impact of holidays and some ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 358.45 Td (weather impact. ) Tj ET Q q 0 0 0 rg BT 149.68 358.45 Td (The underlying operating margin rose 30 basis points to 4.3%, driven by synergies and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 345.65 Td (with our save for our customers program of) Tj ET Q q 0 0 0 rg BT 273.61 345.65 Td (fsetting cost inflation. In a competitive market with new ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 332.85 Td (entrants, Food Lion reported its 23) Tj ET Q BT /F4 10.00 Tf ET BT /F4 6.50 Tf ET q 0 0 0 rg BT 229.37 337.62 Td (rd) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 235.15 332.85 Td ( consecutive quarter of comparable volume growth, as its "Easy) Tj ET Q q 0 0 0 rg BT 515.87 332.85 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 320.05 Td (Fresh and ) Tj ET Q q 0 0 0 rg BT 123.75 320.05 Td (Af) Tj ET Q q 0 0 0 rg BT 133.02 320.05 Td (fordable" program is now deployed in more than 500 of its stores. Furthermore, online ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 307.25 Td (sales grew 9% across all our U.S. brands. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 288.45 Td ("The Netherlands reported comparable sales growth of 3.2%. Bol.com and ah.nl continued their strong ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 275.65 Td (performance, driving the 28% growth in net consumer sales, supported by ongoing investments. In ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 262.85 Td (Belgium, Delhaize reported encouraging sales figures, with comparable sales growth of 4.1%, as new ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 250.05 Td (management is starting to implement commercial and operational improvements. In Central and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 237.25 Td (Southeastern Europe, Romania posted 19% sales growth, driven by strong comparable sales growth ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 224.45 Td (and new store openings, while sales in Greece were impacted by competition recovering, re-opening ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 211.65 Td (and remodeling their stores. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 192.85 Td (W) Tj ET Q q 0 0 0 rg BT 89.09 192.85 Td (e delivered ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 140.79 192.85 Td (100 million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 194.15 192.85 Td ( of net cumulative synergy savings in the quarter) Tj ET Q q 0 0 0 rg BT 408.16 192.85 Td (, of which 44 million is ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 180.05 Td (incremental to the first quarter last year) Tj ET Q q 0 0 0 rg BT 249.36 180.05 Td (, and we remain firmly on track to realize 750 million of gross ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 167.25 Td (synergies by 2019, of which 250 million are to be reinvested in our brands. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 148.45 Td ("Free cash flow was 441 million, putting us on track to deliver on our target of around 1.9billion, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 135.65 Td (allowing us to keep investing in our omni-channel of) Tj ET Q q 0 0 0 rg BT 305.34 135.65 Td (fering to provide customers with a convenient ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 122.85 Td (shopping experience and competitive prices.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 104.05 Td (With Frans Muller succeeding me as CEO on July 1, I am confident our strong leadership team will ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 91.25 Td (continue to drive innovation and growth in stores and online as we create value for all our stakeholders ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 78.45 Td (and live up to our promise to be a better place to shop.) Tj ET Q endstream endobj 5 0 obj <> endobj 6 0 obj <> stream 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 816.15 m 77 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 816.15 m 263 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 816.15 m 263 816.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 775.15 m 263 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 775.15 m 284 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284 775.15 m 537 775.15 l s BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.7843137254901961 0.11764705882352941 rg BT 379.00 796.37 Td (Interim report, First quarter 2018) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 265.50 778.37 Td (Management report) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 43.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 405.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 43 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553.3 58 m 553.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 553.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 43 m 553.3 43 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 513.30 47.23 Td (Page 2/24) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 13.50 Tf ET q 0 0 0 rg BT 76.50 751.60 Td (Group performance) Tj ET Q 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 350.00 735.10 46.00 -30.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 396.00 735.10 46.00 -30.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 442.00 735.10 46.00 -30.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 488.00 735.10 46.00 -30.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 735.0999999999999 m 202 735.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 705.0999999999999 m 202 705.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202 735.0999999999999 m 239 735.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202 705.0999999999999 m 239 705.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239 735.0999999999999 m 276 735.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239 705.0999999999999 m 276 705.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 735.0999999999999 m 313 735.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 705.0999999999999 m 313 705.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 735.0999999999999 m 350 705.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 735.0999999999999 m 350 735.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 705.0999999999999 m 350 705.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 735.0999999999999 m 350 705.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 735.0999999999999 m 396 705.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 735.0999999999999 m 396 735.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 705.0999999999999 m 396 705.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 735.0999999999999 m 396 705.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 735.0999999999999 m 442 705.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 735.0999999999999 m 442 735.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 705.0999999999999 m 442 705.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 735.0999999999999 m 442 705.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 735.0999999999999 m 488 735.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 705.0999999999999 m 488 705.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 735.0999999999999 m 488 705.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 534 735.0999999999999 m 534 705.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 735.0999999999999 m 534 735.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 705.0999999999999 m 534 705.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 506.09999999999997 m 202 506.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202 506.09999999999997 m 239 506.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239 506.09999999999997 m 276 506.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 506.09999999999997 m 313 506.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 506.09999999999997 m 350 506.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 506.09999999999997 m 396 506.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 506.09999999999997 m 442 506.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 506.09999999999997 m 488 506.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 506.09999999999997 m 534 506.09999999999997 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.5019607843137255 0.5019607843137255 0.5019607843137255 rg BT 79.50 709.33 Td ( million, except per share data) Tj ET Q BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 383.15 718.05 Td (Q1) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 376.90 709.10 Td (2018) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 429.15 718.05 Td (Q1) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 422.90 709.10 Td (2017) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 478.25 718.05 Td (%) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 461.50 709.10 Td (change) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 499.35 727.00 Td (% change) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 504.00 718.05 Td (constant) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 514.90 709.10 Td (rates) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.50 691.58 Td (Net sales) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 363.80 691.58 Td (14,933) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 409.80 691.58 Td (15,870) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 463.90 691.58 Td (\(5.9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 477.70 691.58 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 515.20 691.58 Td (2.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 526.35 691.58 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 676.58 Td (Of which: online sales) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 375.00 676.63 Td (631) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 421.00 676.63 Td (554) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 462.05 676.58 Td (14.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 480.30 676.58 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 510.75 676.63 Td (19.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 526.35 676.58 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 661.58 Td (Net consumer online sales) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 173.77 665.39 Td (1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 375.00 661.63 Td (761) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 421.00 661.63 Td (643) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 462.05 661.58 Td (18.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 480.30 661.58 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 510.75 661.63 Td (23.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 526.35 661.58 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 646.58 Td (Operating income) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 375.00 646.63 Td (574) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 421.00 646.63 Td (569) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 466.55 646.58 Td (0.8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 480.30 646.58 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 510.75 646.63 Td (10.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 526.35 646.58 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 631.58 Td (Income from continuing operations) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 375.00 631.63 Td (407) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 421.00 631.63 Td (356) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 462.05 631.58 Td (14.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 480.30 631.58 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 510.75 631.63 Td (25.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 526.35 631.58 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 616.58 Td (Net income) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 375.00 616.63 Td (407) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 421.00 616.63 Td (356) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 462.05 616.58 Td (14.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 480.30 616.58 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 510.75 616.63 Td (25.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 526.35 616.58 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 602.58 Td (Basic income per share from continuing operations) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 372.75 602.63 Td (0.34) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 418.75 602.63 Td (0.28) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 462.05 602.58 Td (21.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 480.30 602.58 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 510.75 602.63 Td (30.8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 526.35 602.58 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 584.58 Td (Underlying EBITDA) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 148.86 588.39 Td (1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 368.30 584.63 Td (1,037) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 414.30 584.63 Td (1,061) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 463.90 584.58 Td (\(2.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 477.70 584.58 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 515.20 584.58 Td (7.1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 526.35 584.58 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 569.58 Td (Underlying EBITDA) Tj ET Q q 0 0 0 rg BT 148.42 569.58 Td ( margin) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 175.09 573.39 Td (1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 377.20 569.58 Td (6.9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 388.35 569.58 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 423.20 569.58 Td (6.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 434.35 569.58 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 554.58 Td (Underlying operating income) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 181.34 558.39 Td (1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 375.00 554.63 Td (600) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 421.00 554.63 Td (606) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 463.90 554.58 Td (\(1.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 477.70 554.58 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 515.20 554.58 Td (8.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 526.35 554.58 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 539.58 Td (Underlying operating margin) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 180.00 543.39 Td (1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 377.20 539.58 Td (4.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 388.35 539.58 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 423.20 539.58 Td (3.8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 434.35 539.58 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 525.58 Td (Underlying income per share from continuing operations) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 278.27 529.39 Td (1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 372.75 525.63 Td (0.35) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 418.75 525.63 Td (0.30) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 462.05 525.58 Td (16.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 480.30 525.58 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 510.75 525.63 Td (29.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 526.35 525.58 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 511.58 Td (Free cash flow) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 131.52 515.39 Td (1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 375.00 511.63 Td (441) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 421.00 511.63 Td (197) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 457.65 511.58 Td (124.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 480.30 511.58 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 506.30 511.63 Td (175.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 526.35 511.58 Td (%) Tj ET Q BT /F5 8.00 Tf ET BT /F5 8.00 Tf ET q 0 0 0 rg BT 76.50 497.00 Td (1. ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 94.50 497.00 Td (Net consumer online sales, Underlying EBITDA, underlying operating income and free cash flow are alternative ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 94.50 487.40 Td (performance measures which are used throughout the report. For a description of alternative performance measures, refer ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 94.50 477.80 Td (to section ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 130.96 477.80 Td (Use of alternative performance measures) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 277.70 477.80 Td ( at the end of this report.) Tj ET Q BT /F2 13.50 Tf ET q 0 0 0 rg BT 76.50 449.60 Td (Changes to 2018 reporting) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 430.80 Td (As of the first quarter of 2018, the ) Tj ET Q q 0 0 0 rg BT 227.14 430.80 Td (Ahold USA) Tj ET Q q 0 0 0 rg BT 275.51 430.80 Td ( and Delhaize ) Tj ET Q q 0 0 0 rg BT 338.89 430.80 Td (America segments are reported as one ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 418.00 Td (reportable segment "The United States" following the restructuring and set up of the U.S. brand-centric ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 405.20 Td (organization, with ) Tj ET Q q 0 0 0 rg BT 156.55 405.20 Td (Ahold Delhaize USA) Tj ET Q q 0 0 0 rg BT 246.60 405.20 Td ( as the parent company as of January 1, 2018.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 386.40 Td (Since online is becoming a more substantial part of our business, we provide more detail on online ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 373.60 Td (sales, publishing net consumer online sales and net online sales per reportable segment. ) Tj ET Q q 0 0 0 rg BT 472.67 373.60 Td (The online ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 360.80 Td (sales definition has been updated to reflect the sales from all online channels. Refer to note 5 of the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 348.00 Td (interim financial statements. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 329.20 Td (As of the first quarter of 2018, ) Tj ET Q q 0 0 0 rg BT 210.46 329.20 Td (Ahold Delhaize no longer publishes pro forma results, as the comparable ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 316.40 Td (year 2017 was already a full year as a merged company) Tj ET Q q 0 0 0 rg BT 324.22 316.40 Td (. Where published pro forma numbers for 2017 ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 303.60 Td (dif) Tj ET Q q 0 0 0 rg BT 86.88 303.60 Td (fer materially from non-pro forma numbers, this will be explained in the narrative or footnote.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 284.80 Td (Net sales growth of 2.5% at constant exchange rates for the first quarter of 2018 would be 3.1% ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 272.00 Td (adjusted for remedy stores sold over the course of 2017. ) Tj ET Q q 0 0 0 rg BT 329.23 272.00 Td (The impact of remedy stores on other ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 259.20 Td (performance measures is negligible.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 240.40 Td (All amounts disclosed are in millions of euros, unless otherwise stated. ) Tj ET Q q 0 0 0 rg BT 391.47 240.40 Td (The % change and margins are ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 227.60 Td (calculated based on the amounts in thousands \(except per share data\).) Tj ET Q /GS0 gs q 96.23 0 0 35.00 79.50 778.67 cm /I2 Do Q endstream endobj 7 0 obj <> endobj 8 0 obj <> stream 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 816.15 m 77 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 816.15 m 263 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 816.15 m 263 816.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 775.15 m 263 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 775.15 m 284 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284 775.15 m 537 775.15 l s BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.7843137254901961 0.11764705882352941 rg BT 379.00 796.37 Td (Interim report, First quarter 2018) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 265.50 778.37 Td (Management report) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 43.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 405.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 43 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553.3 58 m 553.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 553.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 43 m 553.3 43 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 513.30 47.23 Td (Page 3/24) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 13.50 Tf ET q 0 0 0 rg BT 76.50 751.60 Td (Performance by segment) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 727.60 Td (The United States) Tj ET Q 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 355.00 714.10 45.00 -30.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 400.00 714.10 45.00 -30.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 445.00 714.10 45.00 -30.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 490.00 714.10 45.00 -30.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 714.0999999999999 m 207 714.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 684.0999999999999 m 207 684.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 714.0999999999999 m 355 714.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 684.0999999999999 m 355 684.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 714.0999999999999 m 355 684.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400 714.0999999999999 m 400 684.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 714.0999999999999 m 400 714.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 684.0999999999999 m 400 684.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400 714.0999999999999 m 400 684.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 714.0999999999999 m 445 684.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400 714.0999999999999 m 445 714.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400 684.0999999999999 m 445 684.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 714.0999999999999 m 445 684.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490 714.0999999999999 m 490 684.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 714.0999999999999 m 490 714.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 684.0999999999999 m 490 684.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490 714.0999999999999 m 490 684.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535 714.0999999999999 m 535 684.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490 714.0999999999999 m 535 714.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490 684.0999999999999 m 535 684.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 635.0999999999999 m 207 635.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 635.0999999999999 m 355 635.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 635.0999999999999 m 400 635.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400 635.0999999999999 m 445 635.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 635.0999999999999 m 490 635.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490 635.0999999999999 m 535 635.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 629.0999999999999 m 207 629.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 629.0999999999999 m 355 629.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 629.0999999999999 m 400 629.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400 629.0999999999999 m 445 629.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 629.0999999999999 m 490 629.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490 629.0999999999999 m 535 629.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 509.09999999999997 m 207 509.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 509.09999999999997 m 355 509.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 509.09999999999997 m 400 509.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400 509.09999999999997 m 445 509.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 509.09999999999997 m 490 509.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490 509.09999999999997 m 535 509.09999999999997 l s BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 387.15 697.05 Td (Q1) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 380.90 688.10 Td (2018) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 432.15 697.05 Td (Q1) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 425.90 688.10 Td (2017) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 480.25 697.05 Td (% ) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 463.50 688.10 Td (change) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 500.35 706.00 Td (% change) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 505.00 697.05 Td (constant) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 515.90 688.10 Td (rates) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.5019607843137255 0.5019607843137255 0.5019607843137255 rg BT 79.50 670.58 Td ($ million) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.50 655.58 Td (Net sales) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 367.80 655.58 Td (10,860) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 410.20 655.58 Td (10,641) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 468.55 655.58 Td (2.1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 482.30 655.58 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 640.58 Td (Of which: online sales) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 379.00 640.63 Td (222) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 421.30 640.58 Td (203) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 468.55 640.58 Td (9.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 482.30 640.58 Td (%) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.5019607843137255 0.5019607843137255 0.5019607843137255 rg BT 79.50 619.58 Td ( million) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.50 604.58 Td (Net sales) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 372.30 604.63 Td (8,839) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 414.65 604.58 Td (9,989) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 461.45 604.58 Td (\(1) Tj ET Q q 0 0 0 rg BT 468.56 604.58 Td (1.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 479.70 604.58 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 516.20 604.58 Td (2.1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 527.35 604.58 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 589.58 Td (Of which: online sales) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 379.00 589.63 Td (181) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 421.30 589.58 Td (191) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 465.90 589.58 Td (\(5.1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 479.70 589.58 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 516.20 589.58 Td (9.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 527.35 589.58 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 574.58 Td (Operating income) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 379.00 574.63 Td (366) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 421.30 574.58 Td (374) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 465.90 574.58 Td (\(2.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 479.70 574.58 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.75 574.63 Td (13.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 527.35 574.58 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 559.58 Td (Underlying operating income) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 379.00 559.63 Td (378) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 421.30 559.58 Td (401) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 465.90 559.58 Td (\(5.9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 479.70 559.58 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 516.20 559.58 Td (8.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 527.35 559.58 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 544.58 Td (Underlying operating margin) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 381.20 544.58 Td (4.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 392.35 544.58 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 423.55 544.58 Td (4.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 437.30 544.58 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 529.58 Td (Comparable sales growth) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 381.20 529.58 Td (3.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 392.35 529.58 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 420.90 529.58 Td (\(0.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 434.70 529.58 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 514.58 Td (Comparable sales growth excluding gasoline) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 381.20 514.58 Td (2.8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 392.35 514.58 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 420.90 514.58 Td (\(1.1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 434.70 514.58 Td (\)%) Tj ET Q BT /F4 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 490.80 Td (In the first quarter of 2018, net sales in the United States increased by ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 388.90 490.80 Td (2.1%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 411.70 490.80 Td ( at constant exchange rates ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 478.00 Td (to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 87.62 478.00 Td (8,839 million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 149.32 478.00 Td (. Sales growth excluding gasoline was 1.9% and 2.7% adjusted for remedy stores sold ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 465.20 Td (over the course of 2017. Comparable sales excluding gas increased by ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 393.91 465.20 Td (2.8%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 416.70 465.20 Td (, favorably impacted by ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 452.40 Td (both the timing of the New ) Tj ET Q q 0 0 0 rg BT 195.27 452.40 Td (Y) Tj ET Q q 0 0 0 rg BT 201.03 452.40 Td (ear's and Easter holidays versus the same quarter last year) Tj ET Q q 0 0 0 rg BT 463.62 452.40 Td (, as well as ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 439.60 Td (some positive weather impact. Price inflation was 2.3%, cycling a deflationary first quarter last year) Tj ET Q q 0 0 0 rg BT 512.25 439.60 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 426.80 Td (Online sales in the U.S. increased by ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 243.25 426.80 Td (9.4%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 266.05 426.80 Td ( at constant exchange rates to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 402.80 426.80 Td (181 million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 456.16 426.80 Td (, driven by ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 414.00 Td (Peapod, the further expansion of the online service Hannaford ) Tj ET Q q 0 0 0 rg BT 354.28 414.00 Td (T) Tj ET Q q 0 0 0 rg BT 359.28 414.00 Td (o Go and by same day) Tj ET Q q 0 0 0 rg BT 459.15 414.00 Td (, third-party ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 401.20 Td (delivery) Tj ET Q q 0 0 0 rg BT 110.22 401.20 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 382.40 Td (Giant/Martin's) Tj ET Q BT /F4 10.00 Tf ET BT /F4 6.50 Tf ET q 0 0 0 rg BT 137.87 387.17 Td (1) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 141.49 382.40 Td ( sales continued to benefit from the growth of its in-store Beer and Wine Eatery sites, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 369.60 Td (resulting in an increase of transactions, driving comparable sales growth of 3.6% this quarter) Tj ET Q q 0 0 0 rg BT 485.05 369.60 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 350.80 Td (Food Lion reported its 23) Tj ET Q BT /F4 10.00 Tf ET BT /F4 6.50 Tf ET q 0 0 0 rg BT 187.68 355.57 Td (rd) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 193.46 350.80 Td ( consecutive quarter of comparable volume growth. ) Tj ET Q q 0 0 0 rg BT 422.84 350.80 Td (The brand announcedin ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 338.00 Td (the quarter that it has agreed to purchase three Farm Fresh stores in the greater Norfolk market in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 325.20 Td (V) Tj ET Q q 0 0 0 rg BT 82.99 325.20 Td (irginia. ) Tj ET Q q 0 0 0 rg BT 115.04 325.20 Td (The transaction is expected to be completed in May) Tj ET Q q 0 0 0 rg BT 342.76 325.20 Td (.In addition, it plans to acquire four Bi-Lo ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 312.40 Td (stores, further strengthening its position in South Carolina.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 293.60 Td (Hannaford has rolled out its digital My Hannaford Rewards program chain wide this quarter) Tj ET Q q 0 0 0 rg BT 477.82 293.60 Td (, of) Tj ET Q q 0 0 0 rg BT 491.53 293.60 Td (fering ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 280.80 Td (participating customers a reward on more than 5,000 own brand products, as well as personalized ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 268.00 Td (coupons for national- and regional-brand products.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 246.20 Td (Peapod lowered thousands of prices on products that matter most to customers. Peapod expanded its ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 233.40 Td (popular meal kit line to include new recipes, and introduced a discounted midweek subscription for ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 220.60 Td (PodPass customers.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 201.80 Td (Underlying operating margin was ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 225.46 201.80 Td (4.3%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 248.26 201.80 Td (, up ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 267.72 201.80 Td (0.3%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 290.51 201.80 Td ( percentage points from the same quarter last year) Tj ET Q q 0 0 0 rg BT 513.96 201.80 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 189.00 Td (The margin was higher due to continued strong synergy savings with our "save for our customers" ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 176.20 Td (programs of) Tj ET Q q 0 0 0 rg BT 129.67 176.20 Td (fsetting cost inflation.) Tj ET Q BT /F4 6.00 Tf ET q 0 0 0 rg BT 76.50 143.70 Td (1. Giant/Martin's was previously named Giant Carlisle) Tj ET Q /GS0 gs q 96.23 0 0 35.00 79.50 778.67 cm /I3 Do Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 816.15 m 77 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 816.15 m 263 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 816.15 m 263 816.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 775.15 m 263 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 775.15 m 284 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284 775.15 m 537 775.15 l s BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.7843137254901961 0.11764705882352941 rg BT 379.00 796.37 Td (Interim report, First quarter 2018) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 265.50 778.37 Td (Management report) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 43.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 405.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 43 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553.3 58 m 553.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 553.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 43 m 553.3 43 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 513.30 47.23 Td (Page 4/24) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 754.15 Td (The Netherlands) Tj ET Q 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 385.00 740.65 50.00 -30.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 435.00 740.65 50.00 -30.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 485.00 740.65 50.00 -30.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 740.65 m 235 740.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 710.65 m 235 710.65 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235 740.65 m 235 710.65 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 740.65 m 285 710.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235 740.65 m 285 740.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235 710.65 m 285 710.65 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 740.65 m 285 710.65 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 740.65 m 335 710.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 740.65 m 335 740.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 710.65 m 335 710.65 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 740.65 m 335 710.65 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 740.65 m 385 710.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 740.65 m 385 740.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 710.65 m 385 710.65 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 740.65 m 385 710.65 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 740.65 m 435 710.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 740.65 m 435 740.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 710.65 m 435 710.65 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 740.65 m 435 710.65 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 740.65 m 485 710.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 740.65 m 485 740.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 710.65 m 485 710.65 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 740.65 m 485 710.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535 740.65 m 535 710.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 740.65 m 535 740.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 710.65 m 535 710.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 601.65 m 235 601.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235 601.65 m 285 601.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 601.65 m 335 601.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 601.65 m 385 601.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 601.65 m 435 601.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 601.65 m 485 601.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 601.65 m 535 601.65 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.5019607843137255 0.5019607843137255 0.5019607843137255 rg BT 79.50 714.88 Td ( million) Tj ET Q BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 422.15 723.60 Td (Q1) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 415.90 714.65 Td (2018) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 472.15 723.60 Td (Q1) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 465.90 714.65 Td (2017) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 525.25 723.60 Td (% ) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 508.50 714.65 Td (change) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.50 697.13 Td (Net sales) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 407.30 697.18 Td (3,408) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 457.30 697.18 Td (3,320) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 513.55 697.13 Td (2.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 527.35 697.13 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 682.13 Td (Of which: online sales) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 414.00 682.18 Td (434) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 464.00 682.18 Td (350) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 509.10 682.18 Td (23.9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 527.35 682.13 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 667.13 Td (Net consumer online sales) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 414.00 667.18 Td (564) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 464.00 667.18 Td (440) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 509.10 667.18 Td (28.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 527.35 667.13 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 652.13 Td (Operating income) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 414.00 652.18 Td (162) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 464.00 652.18 Td (168) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 510.90 652.13 Td (\(3.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 524.70 652.13 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 637.13 Td (Underlying operating income) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 414.00 637.18 Td (166) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 464.00 637.18 Td (167) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 510.90 637.13 Td (\(0.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 524.70 637.13 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 622.13 Td (Underlying operating margin) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 416.20 622.13 Td (4.9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 427.35 622.13 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 466.20 622.13 Td (5.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 477.35 622.13 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 607.13 Td (Comparable sales growth) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 416.20 607.13 Td (3.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 427.35 607.13 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 466.20 607.13 Td (3.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 477.35 607.13 Td (%) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 76.50 583.35 Td (Net sales of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.08 583.35 Td (3,408 million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 193.79 583.35 Td ( increased by ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 256.04 583.35 Td (2.7%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 278.83 583.35 Td ( compared to the previous year and 3.4% adjusted for ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 570.55 Td (remedy stores sold over the course of 2017. Comparable sales grew by ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 395.55 570.55 Td (3.2%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 418.34 570.55 Td (.) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 421.12 570.55 Td ( ) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 423.72 570.55 Td (The positive ef) Tj ET Q q 0 0 0 rg BT 488.57 570.55 Td (fect of the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 557.75 Td (timing of Easter was of) Tj ET Q q 0 0 0 rg BT 177.47 557.75 Td (fset by the timing of the New ) Tj ET Q q 0 0 0 rg BT 306.24 557.75 Td (Y) Tj ET Q q 0 0 0 rg BT 311.99 557.75 Td (ear's holiday versus the same quarter last year) Tj ET Q q 0 0 0 rg BT 518.45 557.75 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 544.95 Td (Last year's sales included a very successful savings campaign for high-quality pans at ) Tj ET Q q 0 0 0 rg BT 459.17 544.95 Td (Albert Heijn.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 526.15 Td (Albert Heijn continued to grow its "Best Buy" product range to well over 800 products, of) Tj ET Q q 0 0 0 rg BT 464.74 526.15 Td (fering value for ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 513.35 Td (money with "good products for the smallest price." Ef) Tj ET Q q 0 0 0 rg BT 310.19 513.35 Td (forts to reduce the level of sugar) Tj ET Q q 0 0 0 rg BT 452.50 513.35 Td (, salt and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 500.55 Td (saturated fat continued, with ) Tj ET Q q 0 0 0 rg BT 203.80 500.55 Td (Albert Heijn) Tj ET Q q 0 0 0 rg BT 257.54 500.55 Td (s "Soups to Mash" for the second year in a row winning the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 487.75 Td (Healthy Food Product of the ) Tj ET Q q 0 0 0 rg BT 203.61 487.75 Td (Y) Tj ET Q q 0 0 0 rg BT 209.37 487.75 Td (ear ) Tj ET Q q 0 0 0 rg BT 226.05 487.75 Td (A) Tj ET Q q 0 0 0 rg BT 232.54 487.75 Td (ward.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 468.95 Td (Bol.com and ah.nl continued their strong sales performance. Online sales grew by ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 441.70 468.95 Td (23.9%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 470.05 468.95 Td ( compared to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 456.15 Td (last year) Tj ET Q q 0 0 0 rg BT 113.74 456.15 Td (, while net consumer online sales increased by ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 323.30 456.15 Td (28.3%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 351.65 456.15 Td (. Bol.com third party Plaza sales grew by ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 443.35 Td (47%, with more than 20,000 merchants in the Netherlands and Belgium selling their products on this ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 430.55 Td (platform. Consumer electronics, now its largest category) Tj ET Q q 0 0 0 rg BT 324.75 430.55 Td (, reported strong sales growth of more than ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 417.75 Td (30%. Bol.com was again named "Best Shop in the Netherlands" for its wide range, fast delivery and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 404.95 Td (convenient shopping. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 386.15 Td (The underlying operating margin was ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 243.81 386.15 Td (4.9%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 266.61 386.15 Td (, down ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 298.85 386.15 Td (0.1) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 312.75 386.15 Td ( percentage points compared to the same quarter ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 373.35 Td (last year) Tj ET Q q 0 0 0 rg BT 113.74 373.35 Td (, as a result of investments in online growth. ) Tj ET Q q 0 0 0 rg BT 310.88 373.35 Td (The margin excluding bol.comwas ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 467.62 373.35 Td (5.6%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 490.41 373.35 Td (. ) Tj ET Q q 0 0 0 rg BT 495.79 373.35 Td (This ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 360.55 Td (was flat versus the same quarter last year) Tj ET Q q 0 0 0 rg BT 261.03 360.55 Td (, as a result of) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 323.83 360.55 Td ( ) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 326.61 360.55 Td (saving programs, which include synergy ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 347.75 Td (savings,and good cost control,of) Tj ET Q q 0 0 0 rg BT 225.30 347.75 Td (fset by further investments in growth at ah.nl.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 323.75 Td (Belgium ) Tj ET Q 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 385.00 313.25 50.00 -30.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 435.00 313.25 50.00 -30.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 485.00 313.25 50.00 -30.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 313.25 m 235 313.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 283.25 m 235 283.25 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235 313.25 m 235 283.25 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 313.25 m 285 283.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235 313.25 m 285 313.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235 283.25 m 285 283.25 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 313.25 m 285 283.25 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 313.25 m 335 283.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 313.25 m 335 313.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 283.25 m 335 283.25 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 313.25 m 335 283.25 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 313.25 m 385 283.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 313.25 m 385 313.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 283.25 m 385 283.25 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 313.25 m 385 283.25 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 313.25 m 435 283.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 313.25 m 435 313.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 283.25 m 435 283.25 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 313.25 m 435 283.25 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 313.25 m 485 283.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 313.25 m 485 313.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 283.25 m 485 283.25 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 313.25 m 485 283.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535 313.25 m 535 283.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 313.25 m 535 313.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 283.25 m 535 283.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 189.25 m 235 189.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235 189.25 m 285 189.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 189.25 m 335 189.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 189.25 m 385 189.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 189.25 m 435 189.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 189.25 m 485 189.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 189.25 m 535 189.25 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.5019607843137255 0.5019607843137255 0.5019607843137255 rg BT 79.50 287.48 Td ( million) Tj ET Q BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 422.15 296.20 Td (Q1) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 415.90 287.25 Td (2018) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 472.15 296.20 Td (Q1) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 465.90 287.25 Td (2017) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 525.25 296.20 Td (% ) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 508.50 287.25 Td (change) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.50 269.73 Td (Net sales) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 407.30 269.78 Td (1,245) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 454.65 269.73 Td (1,186) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 513.55 269.73 Td (5.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 527.35 269.73 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 254.73 Td (Of which: online sales) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 418.45 254.73 Td (12) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 465.80 254.73 Td (10) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 509.10 254.78 Td (26.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 527.35 254.73 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 239.73 Td (Operating income) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 418.45 239.73 Td (25) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 465.80 239.73 Td (26) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 510.90 239.73 Td (\(6.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 524.70 239.73 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 224.73 Td (Underlying operating income) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 418.45 224.73 Td (28) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 465.80 224.73 Td (29) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 510.90 224.73 Td (\(2.9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 524.70 224.73 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 209.73 Td (Underlying operating margin) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 416.20 209.73 Td (2.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 427.35 209.73 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 463.55 209.73 Td (2.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 477.30 209.73 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 194.73 Td (Comparable sales growth) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 416.20 194.73 Td (4.1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 427.35 194.73 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 460.90 194.73 Td (\(0.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 474.70 194.73 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 173.95 Td (Net sales in Belgium were ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 194.88 173.95 Td (1,245 million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 256.59 173.95 Td (, up ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 276.05 173.95 Td (5.0%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 298.84 173.95 Td ( versus the same quarter last year) Tj ET Q q 0 0 0 rg BT 449.46 173.95 Td (. Comparable ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 161.15 Td (sales increased ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 148.76 161.15 Td (4.1%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 171.55 161.15 Td (, and included the positive impact of the timing of Easter) Tj ET Q q 0 0 0 rg BT 418.92 161.15 Td (. ) Tj ET Q q 0 0 0 rg BT 423.92 161.15 Td (All store formats showed ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 148.35 Td (solid growth versus last year with increased transactions as well as a higher average basket size. ) Tj ET Q q 0 0 0 rg BT 508.75 148.35 Td (The ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 135.55 Td (stores benefited from new elements in the company's commercial plan as well as the first results of the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 122.75 Td (repositioning of the brand. Delhaize.be, our online business in Belgium, grew sales by ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 458.39 122.75 Td (26.6%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 486.74 122.75 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 103.95 Td (With consumers in Belgium and Luxembourg increasingly interested in making healthier food choices, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 91.15 Td (Delhaize launched a multimedia campaign in the quarter that focuses on health and nutrition.) Tj ET Q q 0 0 0 rg BT 489.91 91.15 Td (The ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 78.35 Td (campaign will run throughout 2018.) Tj ET Q /GS0 gs q 96.23 0 0 35.00 79.50 778.67 cm /I4 Do Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 816.15 m 77 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 816.15 m 263 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 816.15 m 263 816.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 775.15 m 263 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 775.15 m 284 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284 775.15 m 537 775.15 l s BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.7843137254901961 0.11764705882352941 rg BT 379.00 796.37 Td (Interim report, First quarter 2018) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 265.50 778.37 Td (Management report) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 43.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 405.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 43 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553.3 58 m 553.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 553.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 43 m 553.3 43 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 513.30 47.23 Td (Page 5/24) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 754.15 Td (Besides reinforcing the commercial plan, Delhaize made investments in the supply chain processes ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 741.35 Td (and improved the product availability in its own stores.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 722.55 Td (Underlying operating margin was ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 225.46 722.55 Td (2.3%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 248.26 722.55 Td (, down ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 280.50 722.55 Td (0.1) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 294.40 722.55 Td ( percentage points compared to last year) Tj ET Q q 0 0 0 rg BT 475.06 722.55 Td (. Gross ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 709.75 Td (margin improved mainly due to synergies and lower logistical costs, partially of) Tj ET Q q 0 0 0 rg BT 423.14 709.75 Td (fset by increased ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 696.95 Td (promotional activities, while operating expenses increased mainly due to higher operational labor costs.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 672.95 Td (Central and Southeastern Europe \(CSE\)) Tj ET Q 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 350.00 662.45 46.00 -30.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 396.00 662.45 46.00 -30.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 442.00 662.45 46.00 -30.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 488.00 662.45 46.00 -30.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 662.45 m 202 662.45 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 632.45 m 202 632.45 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202 662.45 m 350 662.45 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202 632.45 m 350 632.45 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 662.45 m 350 632.45 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 662.45 m 396 632.45 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 662.45 m 396 662.45 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 632.45 m 396 632.45 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 662.45 m 396 632.45 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 662.45 m 442 632.45 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 662.45 m 442 662.45 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 632.45 m 442 632.45 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 662.45 m 442 632.45 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 662.45 m 488 632.45 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 662.45 m 488 662.45 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 632.45 m 488 632.45 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 662.45 m 488 632.45 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 534 662.45 m 534 632.45 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 662.45 m 534 662.45 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 632.45 m 534 632.45 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 538.45 m 202 538.45 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202 538.45 m 350 538.45 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 538.45 m 396 538.45 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 538.45 m 442 538.45 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 538.45 m 488 538.45 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 538.45 m 534 538.45 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.5019607843137255 0.5019607843137255 0.5019607843137255 rg BT 79.50 636.68 Td ( million) Tj ET Q BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 383.15 645.40 Td (Q1) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 376.90 636.45 Td (2018) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 429.15 645.40 Td (Q1) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 422.90 636.45 Td (2017) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 478.25 645.40 Td (% ) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 461.50 636.45 Td (change) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 499.35 654.35 Td (% change) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 504.00 645.40 Td (constant) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 514.90 636.45 Td (rates) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.50 618.93 Td (Net sales) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 368.30 618.98 Td (1,441) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 414.30 618.98 Td (1,375) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 469.20 618.93 Td (4.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 480.35 618.93 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 515.20 618.93 Td (2.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 526.35 618.93 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 603.93 Td (Operating income) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 379.45 603.93 Td (43) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 425.45 603.93 Td (41) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 469.20 603.93 Td (5.1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 480.35 603.93 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 515.20 603.93 Td (4.8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 526.35 603.93 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 588.93 Td (Underlying operating income) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 379.45 588.93 Td (44) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 425.45 588.93 Td (41) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 469.20 588.93 Td (6.9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 480.35 588.93 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 515.20 588.93 Td (6.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 526.35 588.93 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 573.93 Td (Underlying operating margin) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 377.20 573.93 Td (3.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 388.35 573.93 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 423.20 573.93 Td (3.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 434.35 573.93 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 558.93 Td (Comparable sales growth) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 377.20 558.93 Td (0.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 388.35 558.93 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 423.20 558.93 Td (1.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 434.35 558.93 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 543.93 Td (Comparable sales growth excluding gasoline) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 377.20 543.93 Td (0.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 388.35 543.93 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 423.20 543.93 Td (1.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 434.35 543.93 Td (%) Tj ET Q BT /F5 8.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 523.15 Td (Net sales increased by ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 180.44 523.15 Td (2.6%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 203.23 523.15 Td ( at constant exchange rates to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 339.99 523.15 Td (1,441 million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 401.69 523.15 Td (. Net sales growth in the first ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 510.35 Td (quarter resulted from comparable sales growth of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 297.16 510.35 Td (0.4%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 319.95 510.35 Td ( and the net addition of 1) Tj ET Q q 0 0 0 rg BT 429.30 510.35 Td (15 stores compared to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 497.55 Td (a year ago. In Greece, comparable sales growth was negative due to further normalizing and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 484.75 Td (strengthening of the competitive environment. Romania reported 1) Tj ET Q q 0 0 0 rg BT 369.26 484.75 Td (1.9% comparable sales growth, and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 471.95 Td (Serbia and the Czech Republic also reported strong growth.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 453.15 Td (Mega Image continues to expand rapidly both in the greater Bucharest area as well as in a number of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 440.35 Td (cities with similar positive sales response as in Bucharest. ) Tj ET Q q 0 0 0 rg BT 334.94 440.35 Td (Albert, our Czech brand, successfully ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 427.55 Td (optimized 23 supermarkets during the quarter out of a total of 70 stores planned this year) Tj ET Q q 0 0 0 rg BT 469.51 427.55 Td (. It saw a ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 414.75 Td (further improvement in both sales and transactions in supermarkets as well as in compact ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 401.95 Td (hypermarkets. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 383.15 Td (The CSE's underlying operating margin was unchanged at ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 337.45 383.15 Td (3.0%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 360.25 383.15 Td (. Margin improvements in Serbia, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 370.35 Td (Romania and the Czech Republic driven by sales growth and good cost control, of) Tj ET Q q 0 0 0 rg BT 439.86 370.35 Td (fset the margin ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 357.55 Td (decrease in Greece, due to sales deleverage. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 333.55 Td (Global Support Office ) Tj ET Q 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 350.00 323.05 45.00 -30.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 395.00 323.05 45.00 -30.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 440.00 323.05 45.00 -30.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 485.00 323.05 45.00 -30.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 323.04999999999995 m 202 323.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 293.04999999999995 m 202 293.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202 323.04999999999995 m 350 323.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202 293.04999999999995 m 350 293.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 323.04999999999995 m 350 293.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 323.04999999999995 m 395 293.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 323.04999999999995 m 395 323.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 293.04999999999995 m 395 293.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 323.04999999999995 m 395 293.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440 323.04999999999995 m 440 293.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 323.04999999999995 m 440 323.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 293.04999999999995 m 440 293.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440 323.04999999999995 m 440 293.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 323.04999999999995 m 485 293.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440 323.04999999999995 m 485 323.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440 293.04999999999995 m 485 293.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 323.04999999999995 m 485 293.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 530 323.04999999999995 m 530 293.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 323.04999999999995 m 530 323.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 293.04999999999995 m 530 293.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 259.04999999999995 m 202 259.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202 259.04999999999995 m 350 259.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 259.04999999999995 m 395 259.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 259.04999999999995 m 440 259.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440 259.04999999999995 m 485 259.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 259.04999999999995 m 530 259.04999999999995 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.5019607843137255 0.5019607843137255 0.5019607843137255 rg BT 79.50 297.28 Td ( million) Tj ET Q BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 382.15 306.00 Td (Q1) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 375.90 297.05 Td (2018) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 427.15 306.00 Td (Q1) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 420.90 297.05 Td (2017) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 475.25 306.00 Td (% ) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 458.50 297.05 Td (change) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 495.35 314.95 Td (% change) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 500.00 306.00 Td (constant) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 510.90 297.05 Td (rates) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.50 279.53 Td (Underlying operating loss) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 380.20 279.58 Td (\(16) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 391.80 279.53 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 425.20 279.58 Td (\(32) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 436.80 279.53 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 456.45 279.53 Td (\(49.8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 474.70 279.53 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 501.45 279.53 Td (\(49.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 519.70 279.53 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 264.53 Td (Underlying operating loss excluding insurance results) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 380.20 264.58 Td (\(32) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 391.80 264.53 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 425.20 264.58 Td (\(37) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 436.80 264.53 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 456.45 264.53 Td (\(12.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 474.70 264.53 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 501.45 264.53 Td (\(10.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 519.70 264.53 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 243.75 Td (Underlying Global Support Of) Tj ET Q q 0 0 0 rg BT 206.94 243.75 Td (fice costs were ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 275.86 243.75 Td (16 million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 323.66 243.75 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 329.21 243.75 Td (16 million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 377.02 243.75 Td ( lower than the prior year) Tj ET Q q 0 0 0 rg BT 487.08 243.75 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 230.95 Td (Excluding insurance results, underlying costs were ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 303.28 230.95 Td (32 million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 351.08 230.95 Td ( compared to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 412.22 230.95 Td (37 million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 460.03 230.95 Td ( in Q1 2017, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 218.15 Td (mostly driven by synergies. ) Tj ET Q /GS0 gs q 96.23 0 0 35.00 79.50 778.67 cm /I5 Do Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 816.15 m 77 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 816.15 m 263 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 816.15 m 263 816.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 775.15 m 263 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 775.15 m 284 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284 775.15 m 537 775.15 l s BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.7843137254901961 0.11764705882352941 rg BT 379.00 796.37 Td (Interim report, First quarter 2018) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 265.50 778.37 Td (Management report) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 43.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 405.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 43 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553.3 58 m 553.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 553.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 43 m 553.3 43 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 513.30 47.23 Td (Page 6/24) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 13.50 Tf ET q 0 0 0 rg BT 76.50 751.60 Td (Synergy savings) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 732.80 Td (Ahold Delhaize remains committed to delivering net synergies of 500 million in 2019, resulting from ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 720.00 Td (the integration of the two companies. ) Tj ET Q q 0 0 0 rg BT 242.53 720.00 Td (T) Tj ET Q q 0 0 0 rg BT 247.53 720.00 Td (otal identified gross synergies are 750 million, of which more ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 707.20 Td (than 250 million will be reinvested in our brands.) Tj ET Q BT /F4 10.00 Tf ET BT /F4 6.50 Tf ET q 0 0 0 rg BT 295.51 711.97 Td (1) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 299.13 707.20 Td ( ) Tj ET Q q 0 0 0 rg BT 301.73 707.20 Td (The expected synergies are to be delivered in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 694.40 Td (addition to the "save for our customers" programs in the brands.) Tj ET Q BT /F4 10.00 Tf ET BT /F4 6.50 Tf ET q 0 0 0 rg BT 359.30 699.17 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 361.10 694.40 Td (For the first quarter of 2018 net ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 681.60 Td (cumulative synergies amounted to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.03 681.60 Td (100million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 284.39 681.60 Td (, an increase of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 355.54 681.60 Td (44million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 403.35 681.60 Td ( compared to the same ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 668.80 Td (quarter last year) Tj ET Q q 0 0 0 rg BT 148.20 668.80 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 650.00 Td (In addition to synergies from ef) Tj ET Q q 0 0 0 rg BT 213.06 650.00 Td (ficiencies, mainly from our buying activities across all parts of the Group, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 637.20 Td (integration of the two corporate head of) Tj ET Q q 0 0 0 rg BT 250.32 637.20 Td (fices into one Global Support Of) Tj ET Q q 0 0 0 rg BT 391.89 637.20 Td (fice has resulted in synergies of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 624.40 Td (9 million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 118.74 624.40 Td ( for the first quarter of 2018, an increase of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 310.51 624.40 Td (3million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 352.75 624.40 Td ( versus the first quarter of 2017.) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 493.94 624.40 Td ( ) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 496.71 624.40 Td (In the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 611.60 Td (United States, the implementation of the brand-centric operating model in which the brands are ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 598.80 Td (supported by Retail Business Services which enables ef) Tj ET Q q 0 0 0 rg BT 332.57 598.80 Td (ficiencies in back of) Tj ET Q q 0 0 0 rg BT 419.10 598.80 Td (fice and support ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 586.00 Td (functions, and builds retail expertise in own-brand, digital and IT) Tj ET Q q 0 0 0 rg BT 358.70 586.00 Td ( was finalized during the quarter) Tj ET Q q 0 0 0 rg BT 508.24 586.00 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 567.20 Td (In the first quarter of 2018, the following net synergy savings have been delivered: ) Tj ET Q 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 435.00 556.70 50.00 -30.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 485.00 556.70 50.00 -30.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 556.7 m 335 556.7 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 526.7 m 335 526.7 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 556.7 m 335 526.7 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 556.7 m 435 526.7 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 556.7 m 435 556.7 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 526.7 m 435 526.7 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 556.7 m 435 526.7 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 556.7 m 485 526.7 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 556.7 m 485 556.7 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 526.7 m 485 526.7 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 556.7 m 485 526.7 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535 556.7 m 535 526.7 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 556.7 m 535 556.7 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 526.7 m 535 526.7 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 526.7 m 435 526.7 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 526.7 m 485 526.7 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 526.7 m 535 526.7 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 481.7 m 335 481.7 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 466.7 m 335 466.7 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 481.7 m 435 481.7 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 466.7 m 435 466.7 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 481.7 m 485 481.7 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 466.7 m 485 466.7 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 481.7 m 535 481.7 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 466.7 m 535 466.7 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.5019607843137255 0.5019607843137255 0.5019607843137255 rg BT 79.50 530.93 Td ( million) Tj ET Q BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 472.15 539.65 Td (Q1) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 465.90 530.70 Td (2018) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 522.15 539.65 Td (Q1) Tj ET Q BT /F4 7.00 Tf ET q 1 1 1 rg BT 515.90 530.70 Td (2017) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.50 517.18 Td (United States) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 472.90 515.93 Td (66) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.90 515.93 Td (35) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 502.18 Td (Europe) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 472.90 500.93 Td (25) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.90 500.93 Td (15) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 487.18 Td (Global Support Of) Tj ET Q q 0 0 0 rg BT 143.39 487.18 Td (fice) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 477.30 485.93 Td (9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 527.35 485.98 Td (6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 472.18 Td (Ahold Delhaize Group) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.45 472.23 Td (100) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.90 472.18 Td (56) Tj ET Q BT /F5 8.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 448.40 Td (Operating income in the first quarter included ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 278.83 448.40 Td (18 million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 326.63 448.40 Td ( \(Q1 2017: 42 million\) of integration costs.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 76.50 429.80 Td (1. ) Tj ET Q q 0 0 0 rg BT 85.10 429.80 Td (Amounts are based on HY1 2017 exchange rates.) Tj ET Q /GS0 gs q 96.23 0 0 35.00 79.50 778.67 cm /I6 Do Q BT /F2 13.50 Tf ET q 0 0 0 rg BT 76.50 400.50 Td (Financial review) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 381.70 Td (First) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.17 381.70 Td ( quarter ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 138.18 381.70 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 160.43 381.70 Td ( \(compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.32 381.70 Td (first) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 248.21 381.70 Td ( quarter ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.22 381.70 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.47 381.70 Td (\)) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 362.90 Td (Operating income ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 158.21 362.90 Td (increased) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 201.57 362.90 Td ( by ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 217.69 362.90 Td (5 million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 259.93 362.90 Td ( to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 273.82 362.90 Td (574 million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 327.19 362.90 Td (, which can be explained by:) Tj ET Q /GS0 gs q 394.00 0 0 133.00 76.50 218.90 cm /I7 Do Q BT /F4 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 200.10 Td (The change in adjustments to operating income compared to Q1 2017 includes the decrease in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 187.30 Td (impairments \(4million\), decrease in restructuring and related charges \(25million\) and the decrease ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 174.50 Td (on the gains on sale of assets \(18million\).) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 155.70 Td (T) Tj ET Q q 0 0 0 rg BT 81.50 155.70 Td (o arrive at underlying operating income of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 268.27 155.70 Td (600million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 321.64 155.70 Td ( \(down ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 354.43 155.70 Td (6million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 396.67 155.70 Td ( over ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 421.68 155.70 Td (Q12017) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 460.04 155.70 Td (\), operating ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 142.90 Td (income is adjusted for:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 94.50 124.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 112.50 124.10 Td (Impairments of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 181.41 124.10 Td (4million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 223.65 124.10 Td (; ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 94.50 111.30 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 112.50 111.30 Td (Restructuring and related charges of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 277.04 111.30 Td (23million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 324.84 111.30 Td (; ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 94.50 98.50 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 112.50 98.50 Td (Gains on sale of assets of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 230.34 98.50 Td (1million) Tj ET Q BT /F4 10.00 Tf ET endstream endobj 15 0 obj <> endobj 16 0 obj <> stream 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 816.15 m 77 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 816.15 m 263 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 816.15 m 263 816.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 775.15 m 263 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 775.15 m 284 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284 775.15 m 537 775.15 l s BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.7843137254901961 0.11764705882352941 rg BT 379.00 796.37 Td (Interim report, First quarter 2018) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 265.50 778.37 Td (Management report) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 43.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 405.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 43 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553.3 58 m 553.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 553.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 43 m 553.3 43 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 513.30 47.23 Td (Page 7/24) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 754.15 Td (The restructuring and related charges of) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.9333333333333333 0.15294117647058825 0.1411764705882353 rg BT 254.38 754.15 Td ( ) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 257.15 754.15 Td (23million) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.9333333333333333 0.15294117647058825 0.1411764705882353 rg BT 304.96 754.15 Td ( ) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 307.74 754.15 Td (mainly included:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 94.50 735.35 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 112.50 735.35 Td (18 million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 160.30 735.35 Td ( of integration costs related to the merger between ) Tj ET Q q 0 0 0 rg BT 385.43 735.35 Td (Ahold and Delhaize;) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 94.50 722.55 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 112.50 722.55 Td (7 million related to restructuring costs;) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 703.75 Td (Income from continuing operations was ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 253.26 703.75 Td (407million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 306.62 703.75 Td (; ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 312.18 703.75 Td (51million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 359.98 703.75 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 362.76 703.75 Td (higher) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 390.56 703.75 Td ( than last year) Tj ET Q q 0 0 0 rg BT 452.82 703.75 Td (. ) Tj ET Q q 0 0 0 rg BT 458.19 703.75 Td (This follows from ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 690.95 Td (the increase in operating income of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 234.93 690.95 Td (5million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 277.17 690.95 Td (, lower financial expenses of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 405.57 690.95 Td (25million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 453.38 690.95 Td (, lower income ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 678.15 Td (taxes of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 114.30 678.15 Td (23million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 162.10 678.15 Td ( and lower income from joint ventures of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 342.18 678.15 Td (2million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 384.42 678.15 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 659.35 Td (Free cash flow of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 155.42 659.35 Td (441 million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 208.79 659.35 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.56 659.35 Td (increased) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 254.92 659.35 Td ( by ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 271.04 659.35 Td (244 million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 324.41 659.35 Td ( compared to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 385.55 659.35 Td (Q12017) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 423.91 659.35 Td (. ) Tj ET Q q 0 0 0 rg BT 429.29 659.35 Td (This increase is mainly ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 646.55 Td (driven by:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 94.50 627.75 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 112.50 627.75 Td (Improvement in working capital of 143million;) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 94.50 614.95 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 112.50 614.95 Td (Lower purchases of non-current assets of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 299.26 614.95 Td (128million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 352.63 614.95 Td (; partly of) Tj ET Q q 0 0 0 rg BT 393.57 614.95 Td (fset by) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 94.50 602.15 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 112.50 602.15 Td (Lower proceeds from divestments of assets of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 319.26 602.15 Td (37million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 367.06 602.15 Td (;) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 583.35 Td (Net debt ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 117.08 583.35 Td (increased) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 160.44 583.35 Td ( in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 173.78 583.35 Td (Q1 2018) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 212.14 583.35 Td ( by ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 228.26 583.35 Td (30million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 276.07 583.35 Td ( to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 289.96 583.35 Td (2,533 million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 351.67 583.35 Td (, which is mainly a result of the share ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 570.55 Td (buyback of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 127.64 570.55 Td (460 million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 181.01 570.55 Td (, partly of) Tj ET Q q 0 0 0 rg BT 221.95 570.55 Td (fset by our free cash flow of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 347.01 570.55 Td (441million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 400.38 570.55 Td (.) Tj ET Q /GS0 gs q 96.23 0 0 35.00 79.50 778.67 cm /I8 Do Q BT /F2 13.50 Tf ET q 0 0 0 rg BT 76.50 545.35 Td (Outlook) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 526.55 Td (W) Tj ET Q q 0 0 0 rg BT 85.76 526.55 Td (e confirm our target for 2018 of realizing 420 million net synergies, including 268 million realized in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 513.75 Td (2017, and we remain confident to reach 750 million of gross synergies for 2019, of which more than ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 500.95 Td (250 million will be reinvested in addition to our "save for our customers" savings.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 482.15 Td (W) Tj ET Q q 0 0 0 rg BT 85.76 482.15 Td (e expect free cash flow in 2018 to be about 1.9 billion, after taking into account a cash benefit of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 469.35 Td (around 200 million resulting from the U.S. tax reforms and including further improvements in working ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 456.55 Td (capital of 175 million in 2018, compared to 2016.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 437.75 Td (Our capital expenditure is expected to increase to 1.9 billion in 2018, focused on improving our store ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 424.95 Td (network, expanding our omni-channel of) Tj ET Q q 0 0 0 rg BT 254.21 424.95 Td (fering and further developing our digital capabilities.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 406.15 Td (Following tax reforms in the U.S. and Belgium, we expect an ef) Tj ET Q q 0 0 0 rg BT 354.79 406.15 Td (fective tax rate for the Group at the low ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 393.35 Td (20% range going forward.) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 816.15 m 73.05 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.05 816.15 m 237.05 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 816.15 m 237.05 816.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 775.15 m 237.05 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.05 775.15 m 269.05 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.05 775.15 m 536.05 775.15 l s BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.7843137254901961 0.11764705882352941 rg BT 378.05 796.37 Td (Interim report, First quarter 2018) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 239.55 778.37 Td (Interim financial statements) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 43.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 405.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 43 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553.3 58 m 553.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 553.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 43 m 553.3 43 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 513.30 47.23 Td (Page 8/24) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 13.50 Tf ET q 0 0 0 rg BT 76.50 751.60 Td (Consolidated income statement) Tj ET Q 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 410.00 735.10 25.00 -23.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 435.00 735.10 50.00 -23.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 485.00 735.10 50.00 -23.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 735.1 m 310 735.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 712.1 m 310 712.1 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 735.1 m 310 712.1 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 735.1 m 360 712.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 735.1 m 360 735.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 712.1 m 360 712.1 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 735.1 m 360 712.1 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 735.1 m 410 712.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 735.1 m 410 735.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 712.1 m 410 712.1 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 735.1 m 410 712.1 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 735.1 m 435 712.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 735.1 m 435 735.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 712.1 m 435 712.1 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 735.1 m 435 712.1 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 735.1 m 485 712.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 735.1 m 485 735.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 712.1 m 485 712.1 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 735.1 m 485 712.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535 735.1 m 535 712.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 735.1 m 535 735.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 712.1 m 535 712.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 678.1 m 310 678.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 663.1 m 310 663.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 678.1 m 360 678.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 663.1 m 360 663.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 678.1 m 410 678.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 663.1 m 410 663.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 678.1 m 435 678.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 663.1 m 435 663.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 678.1 m 485 678.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 663.1 m 485 663.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 678.1 m 535 678.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 663.1 m 535 663.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 620.1 m 310 620.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 620.1 m 360 620.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 620.1 m 410 620.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 620.1 m 435 620.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 620.1 m 485 620.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 620.1 m 535 620.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 592.1 m 310 592.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 592.1 m 360 592.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 592.1 m 410 592.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 592.1 m 435 592.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 592.1 m 485 592.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 592.1 m 535 592.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 592.1 m 310 592.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 577.1 m 310 577.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 592.1 m 360 592.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 577.1 m 360 577.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 592.1 m 410 592.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 577.1 m 410 577.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 592.1 m 435 592.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 577.1 m 435 577.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 592.1 m 485 592.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 577.1 m 485 577.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 592.1 m 535 592.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 577.1 m 535 577.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 577.1 m 310 577.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 577.1 m 360 577.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 577.1 m 410 577.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 577.1 m 435 577.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 577.1 m 485 577.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 577.1 m 535 577.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 504.1 m 310 504.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 504.1 m 360 504.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 504.1 m 410 504.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 504.1 m 435 504.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 504.1 m 485 504.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 504.1 m 535 504.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 504.1 m 310 504.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 504.1 m 360 504.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 504.1 m 410 504.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 504.1 m 435 504.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 504.1 m 485 504.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 504.1 m 535 504.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 476.1 m 310 476.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 476.1 m 360 476.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 476.1 m 410 476.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 476.1 m 435 476.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 476.1 m 485 476.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 476.1 m 535 476.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 476.1 m 310 476.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 461.1 m 310 461.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 476.1 m 360 476.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 461.1 m 360 461.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 476.1 m 410 476.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 461.1 m 410 461.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 476.1 m 435 476.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 461.1 m 435 461.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 476.1 m 485 476.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 461.1 m 485 461.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 476.1 m 535 476.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 461.1 m 535 461.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 461.1 m 310 461.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 461.1 m 360 461.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 461.1 m 410 461.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 461.1 m 435 461.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 461.1 m 485 461.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 461.1 m 535 461.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 418.1 m 310 418.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 418.1 m 360 418.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 418.1 m 410 418.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 418.1 m 435 418.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 418.1 m 485 418.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 418.1 m 535 418.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 418.1 m 310 418.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 403.1 m 310 403.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 418.1 m 360 418.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 403.1 m 360 403.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 418.1 m 410 418.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 403.1 m 410 403.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 418.1 m 435 418.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 403.1 m 435 403.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 418.1 m 485 418.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 403.1 m 485 403.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 418.1 m 535 418.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 403.1 m 535 403.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 403.1 m 310 403.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 403.1 m 360 403.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 403.1 m 410 403.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 403.1 m 435 403.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 403.1 m 485 403.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 403.1 m 535 403.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 375.1 m 310 375.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 375.1 m 360 375.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 375.1 m 410 375.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 375.1 m 435 375.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 375.1 m 485 375.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 375.1 m 535 375.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 375.1 m 310 375.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 360.1 m 310 360.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 375.1 m 360 375.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 360.1 m 360 360.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 375.1 m 410 375.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 360.1 m 410 360.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 375.1 m 435 375.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 360.1 m 435 360.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 375.1 m 485 375.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 360.1 m 485 360.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 375.1 m 535 375.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 360.1 m 535 360.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 360.1 m 310 360.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 360.1 m 360 360.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 360.1 m 410 360.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 360.1 m 435 360.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 360.1 m 485 360.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 360.1 m 535 360.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 194.10000000000002 m 310 194.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 179.10000000000002 m 310 179.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 194.10000000000002 m 360 194.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 179.10000000000002 m 360 179.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 194.10000000000002 m 410 194.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 179.10000000000002 m 410 179.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 194.10000000000002 m 435 194.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 179.10000000000002 m 435 179.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 194.10000000000002 m 485 194.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 179.10000000000002 m 485 179.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 194.10000000000002 m 535 194.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 179.10000000000002 m 535 179.10000000000002 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.5019607843137255 0.5019607843137255 0.5019607843137255 rg BT 79.50 716.33 Td ( million, except per share data) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 413.55 716.33 Td (Note) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 470.80 726.53 Td (Q1) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 463.70 716.33 Td (2018) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 520.80 726.53 Td (Q1) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 513.70 716.33 Td (2017) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.50 697.33 Td (Net sales) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 419.75 697.33 Td (5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 457.30 697.38 Td (14,933) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 507.30 697.38 Td (15,870) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 682.33 Td (Cost of sales) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 419.75 682.33 Td (6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 454.65 682.33 Td (\(10,890) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 682.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 504.65 682.33 Td (\(1) Tj ET Q q 0 0 0 rg BT 511.76 682.33 Td (1,609) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 682.33 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 667.33 Td (Gross profit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.75 667.38 Td (4,043) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.75 667.38 Td (4,261) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 639.33 Td (Selling expenses) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 459.05 639.33 Td (\(2,932) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 639.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 509.10 639.38 Td (\(3,128) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 639.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 624.33 Td (General and administrative expenses) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 465.75 624.38 Td (\(537) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 624.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 515.75 624.38 Td (\(564) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 624.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 609.33 Td (T) Tj ET Q q 0 0 0 rg BT 83.94 609.33 Td (otal operating expenses) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 419.75 609.33 Td (6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 459.05 609.33 Td (\(3,469) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 609.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 509.10 609.38 Td (\(3,692) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 609.33 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 581.33 Td (Operating income) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 419.75 581.33 Td (4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.45 581.38 Td (574) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.45 581.38 Td (569) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 553.33 Td (Interest income) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 472.90 553.33 Td (13) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 527.35 553.38 Td (8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 538.33 Td (Interest expense) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 470.20 538.38 Td (\(73) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 538.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 520.20 538.38 Td (\(80) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 538.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 523.33 Td (Net interest expense on defined benefit pension plans) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 474.65 523.33 Td (\(5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 523.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 524.65 523.33 Td (\(6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 523.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 508.33 Td (Other financial income \(expenses\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 417.55 508.33 Td (10) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 477.30 508.33 Td (1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 520.20 508.38 Td (\(1) Tj ET Q q 0 0 0 rg BT 527.31 508.38 Td (1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 508.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 493.33 Td (Net financial expenses) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 470.20 493.38 Td (\(64) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 493.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 520.20 493.38 Td (\(89) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 493.33 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 465.33 Td (Income before income taxes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.45 465.38 Td (510) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.45 465.38 Td (480) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 437.33 Td (Income taxes) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 419.75 437.33 Td (7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 465.75 437.38 Td (\(107) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 437.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 515.75 437.38 Td (\(130) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 437.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 422.33 Td (Share in income of joint ventures) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 477.30 422.33 Td (4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 527.35 422.38 Td (6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 407.33 Td (Income from continuing operations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.45 407.38 Td (407) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.45 407.38 Td (356) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 379.33 Td (Income from discontinued operations) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 473.75 379.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 523.75 379.33 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 364.33 Td (Net income attributable to common shareholders) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.45 364.38 Td (407) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.45 364.38 Td (356) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 336.33 Td (Net income per share attributable to common shareholders) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 85.50 321.33 Td (Basic) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 466.20 321.38 Td (0.34) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 516.20 321.38 Td (0.28) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 85.50 306.33 Td (Diluted) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 466.20 306.38 Td (0.33) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 516.20 306.38 Td (0.28) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 285.33 Td (Income from continuing operations per share attributable to common shareholders) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 85.50 270.33 Td (Basic) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 466.20 270.38 Td (0.34) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 516.20 270.38 Td (0.28) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 85.50 255.33 Td (Diluted) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 466.20 255.38 Td (0.33) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 516.20 255.38 Td (0.28) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 234.33 Td (W) Tj ET Q q 0 0 0 rg BT 86.91 234.33 Td (eighted average number of common shares outstanding \(in millions\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 85.50 219.33 Td (Basic) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 461.75 219.38 Td (1,214) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.75 219.38 Td (1,268) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 85.50 204.33 Td (Diluted) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 461.75 204.38 Td (1,243) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.75 204.38 Td (1,302) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 183.33 Td (A) Tj ET Q q 0 0 0 rg BT 84.69 183.33 Td (verage U.S. dollar exchange rate \(euro per U.S. dollar\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 457.30 183.38 Td (0.8139) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 507.30 183.38 Td (0.9387) Tj ET Q BT /F5 8.00 Tf ET /GS0 gs q 96.23 0 0 35.00 75.55 778.67 cm /I9 Do Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 816.15 m 73.05 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.05 816.15 m 237.05 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 816.15 m 237.05 816.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 775.15 m 237.05 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.05 775.15 m 269.05 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.05 775.15 m 536.05 775.15 l s BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.7843137254901961 0.11764705882352941 rg BT 378.05 796.37 Td (Interim report, First quarter 2018) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 239.55 778.37 Td (Interim financial statements) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 43.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 405.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 43 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553.3 58 m 553.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 553.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 43 m 553.3 43 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 513.30 47.23 Td (Page 9/24) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 13.50 Tf ET q 0 0 0 rg BT 76.50 751.60 Td (Consolidated statement of comprehensive income) Tj ET Q 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 384.00 735.10 25.00 -23.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 409.00 735.10 50.00 -23.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 459.00 735.10 50.00 -23.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 735.0999999999999 m 310 735.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 712.0999999999999 m 310 712.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 735.0999999999999 m 310 712.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384 735.0999999999999 m 384 712.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 735.0999999999999 m 384 735.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 712.0999999999999 m 384 712.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384 735.0999999999999 m 384 712.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 735.0999999999999 m 409 712.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384 735.0999999999999 m 409 735.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384 712.0999999999999 m 409 712.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 735.0999999999999 m 409 712.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 735.0999999999999 m 459 712.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 735.0999999999999 m 459 735.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 712.0999999999999 m 459 712.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 735.0999999999999 m 459 712.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509 735.0999999999999 m 509 712.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 735.0999999999999 m 509 735.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 712.0999999999999 m 509 712.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 644.0999999999999 m 310 644.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 629.0999999999999 m 310 629.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 644.0999999999999 m 384 644.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 629.0999999999999 m 384 629.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384 644.0999999999999 m 409 644.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384 629.0999999999999 m 409 629.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 644.0999999999999 m 459 644.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 629.0999999999999 m 459 629.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 644.0999999999999 m 509 644.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 629.0999999999999 m 509 629.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 527.0999999999999 m 310 527.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 512.0999999999999 m 310 512.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 527.0999999999999 m 384 527.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 512.0999999999999 m 384 512.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384 527.0999999999999 m 409 527.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384 512.0999999999999 m 409 512.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 527.0999999999999 m 459 527.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 512.0999999999999 m 459 512.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 527.0999999999999 m 509 527.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 512.0999999999999 m 509 512.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 493.09999999999997 m 310 493.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 493.09999999999997 m 384 493.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384 493.09999999999997 m 409 493.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 493.09999999999997 m 459 493.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 493.09999999999997 m 509 493.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 474.09999999999997 m 310 474.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 474.09999999999997 m 384 474.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384 474.09999999999997 m 409 474.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 474.09999999999997 m 459 474.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 474.09999999999997 m 509 474.09999999999997 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 421.09999999999997 m 459 421.09999999999997 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 421.09999999999997 m 509 421.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 421.09999999999997 m 310 421.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 406.09999999999997 m 310 406.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 421.09999999999997 m 384 421.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 406.09999999999997 m 384 406.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384 421.09999999999997 m 409 421.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384 406.09999999999997 m 409 406.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 421.09999999999997 m 459 421.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 406.09999999999997 m 459 406.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 421.09999999999997 m 509 421.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 406.09999999999997 m 509 406.09999999999997 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.5019607843137255 0.5019607843137255 0.5019607843137255 rg BT 79.50 716.33 Td ( million) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 388.60 716.33 Td (Note) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 444.80 726.53 Td (Q1) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 437.70 716.33 Td (2018) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 494.80 726.53 Td (Q1) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 487.70 716.33 Td (2017) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.50 697.33 Td (Net income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.45 697.38 Td (407) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.45 697.38 Td (356) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 678.33 Td (Remeasurements of defined benefit pension plans) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 85.50 663.33 Td (Remeasurements before taxes - income) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 446.90 663.33 Td (20) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 501.35 663.38 Td (9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 85.50 648.33 Td (Income taxes) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 393.75 648.33 Td (7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 448.65 648.33 Td (\(6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 455.80 648.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 498.65 648.33 Td (\(5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 505.80 648.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 633.33 Td (Other comprehensive income that will not be reclassified to profit or loss) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 446.90 633.33 Td (14) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 501.35 633.38 Td (4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 614.33 Td (Currency translation dif) Tj ET Q q 0 0 0 rg BT 161.69 614.33 Td (ferences in foreign interests:) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 85.50 599.33 Td (Continuing operations) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 439.75 599.38 Td (\(256) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 455.80 599.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 489.75 599.38 Td (\(135) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 505.80 599.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 580.33 Td (Cash flow hedges:) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 85.50 565.33 Td (Fair value result for the period) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 451.30 565.33 Td (1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 497.75 565.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 546.33 Td (Non-realized gains \(losses\) on financial investments available for sale) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 85.50 531.33 Td (Fair value result for the period) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 447.75 531.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 501.35 531.38 Td (1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 516.33 Td (Other comprehensive loss reclassifiable to profit or loss) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 439.75 516.38 Td (\(255) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 455.80 516.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 489.75 516.38 Td (\(134) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 505.80 516.33 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 497.33 Td (T) Tj ET Q q 0 0 0 rg BT 84.09 497.33 Td (otal other comprehensive loss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.75 497.38 Td (\(241) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.80 497.33 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.75 497.38 Td (\(130) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.80 497.33 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 478.33 Td (T) Tj ET Q q 0 0 0 rg BT 84.09 478.33 Td (otal comprehensive income attributable to common shareholders) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.45 478.38 Td (166) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.45 478.38 Td (226) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 455.33 Td (Attributable to:) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 85.50 440.33 Td (Continuing operations) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 442.45 440.38 Td (166) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 492.45 440.38 Td (226) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 85.50 425.33 Td (Discontinued operations) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 447.75 425.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 497.75 425.33 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 410.33 Td (T) Tj ET Q q 0 0 0 rg BT 83.79 410.33 Td (otal comprehensive income attributable to common shareholders) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.45 410.38 Td (166) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.45 410.38 Td (226) Tj ET Q BT /F5 8.00 Tf ET /GS0 gs q 96.23 0 0 35.00 75.55 778.67 cm /I10 Do Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 816.15 m 73.05 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.05 816.15 m 237.05 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 816.15 m 237.05 816.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 775.15 m 237.05 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.05 775.15 m 269.05 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.05 775.15 m 536.05 775.15 l s BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.7843137254901961 0.11764705882352941 rg BT 378.05 796.37 Td (Interim report, First quarter 2018) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 239.55 778.37 Td (Interim financial statements) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 43.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 405.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 43 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553.3 58 m 553.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 553.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 43 m 553.3 43 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 508.85 47.23 Td (Page 10/24) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 13.50 Tf ET q 0 0 0 rg BT 76.50 751.60 Td (Consolidated balance sheet) Tj ET Q 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 383.00 735.10 25.00 -23.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 408.00 735.10 59.00 -23.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 467.00 735.10 59.00 -23.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 735.1 m 383 735.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 712.1 m 383 712.1 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 735.1 m 383 712.1 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 735.1 m 408 712.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 735.1 m 408 735.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 712.1 m 408 712.1 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 735.1 m 408 712.1 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 735.1 m 467 712.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 735.1 m 467 735.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 712.1 m 467 712.1 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 735.1 m 467 712.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526 735.1 m 526 712.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 735.1 m 526 735.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 712.1 m 526 712.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 588.1 m 383 588.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 573.1 m 383 573.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 588.1 m 408 588.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 573.1 m 408 573.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 588.1 m 467 588.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 573.1 m 467 573.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 588.1 m 526 588.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 573.1 m 526 573.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 460.1 m 383 460.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 460.1 m 408 460.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 460.1 m 467 460.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 460.1 m 526 460.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 460.1 m 383 460.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 445.1 m 383 445.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 460.1 m 408 460.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 445.1 m 408 445.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 460.1 m 467 460.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 445.1 m 467 445.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 460.1 m 526 460.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 445.1 m 526 445.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 437.1 m 383 437.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 422.1 m 383 422.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 437.1 m 408 437.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 422.1 m 408 422.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 437.1 m 467 437.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 422.1 m 467 422.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 437.1 m 526 437.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 422.1 m 526 422.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 395.1 m 383 395.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 395.1 m 408 395.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 395.1 m 467 395.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 395.1 m 526 395.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 395.1 m 383 395.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 380.1 m 383 380.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 395.1 m 408 395.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 380.1 m 408 380.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 395.1 m 467 395.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 380.1 m 467 380.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 395.1 m 526 395.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 380.1 m 526 380.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 282.1 m 383 282.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 282.1 m 408 282.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 282.1 m 467 282.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 282.1 m 526 282.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 282.1 m 383 282.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 267.1 m 383 267.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 282.1 m 408 282.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 267.1 m 408 267.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 282.1 m 467 282.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 267.1 m 467 267.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 282.1 m 526 282.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 267.1 m 526 267.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 184.10000000000002 m 383 184.10000000000002 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 184.10000000000002 m 408 184.10000000000002 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 184.10000000000002 m 467 184.10000000000002 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 184.10000000000002 m 526 184.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 184.10000000000002 m 383 184.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 169.10000000000002 m 383 169.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 184.10000000000002 m 408 184.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 169.10000000000002 m 408 169.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 184.10000000000002 m 467 184.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 169.10000000000002 m 467 169.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 184.10000000000002 m 526 184.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 169.10000000000002 m 526 169.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 161.10000000000002 m 383 161.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 146.10000000000002 m 383 146.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 161.10000000000002 m 408 161.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 146.10000000000002 m 408 146.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 161.10000000000002 m 467 161.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 146.10000000000002 m 467 146.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 161.10000000000002 m 526 161.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 146.10000000000002 m 526 146.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 142.10000000000002 m 383 142.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 127.10000000000002 m 383 127.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 142.10000000000002 m 408 142.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 127.10000000000002 m 408 127.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 142.10000000000002 m 467 142.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 127.10000000000002 m 467 127.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 142.10000000000002 m 526 142.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 127.10000000000002 m 526 127.10000000000002 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.5019607843137255 0.5019607843137255 0.5019607843137255 rg BT 79.50 716.33 Td ( million) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 386.55 716.33 Td (Note) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 438.60 726.53 Td (April 1,) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 445.70 716.33 Td (2018) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 472.25 726.53 Td (December 31,) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 504.70 716.33 Td (2017) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.50 697.33 Td (Assets) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 682.33 Td (Property) Tj ET Q q 0 0 0 rg BT 109.44 682.33 Td (, plant and equipment) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 439.30 682.38 Td (10,423) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 498.30 682.38 Td (10,689) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 667.33 Td (Investment property) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 450.45 667.38 Td (638) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 509.45 667.38 Td (650) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 652.33 Td (Intangible assets) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 439.30 652.38 Td (1) Tj ET Q q 0 0 0 rg BT 443.75 652.38 Td (1,440) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 498.30 652.38 Td (1) Tj ET Q q 0 0 0 rg BT 502.75 652.38 Td (1,634) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 637.33 Td (Investments in joint ventures and associates) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 450.45 637.38 Td (209) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 509.45 637.38 Td (230) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 622.33 Td (Other non-current financial assets) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 450.45 622.38 Td (183) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 509.45 622.38 Td (192) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 607.33 Td (Deferred tax assets) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 450.45 607.38 Td (166) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 509.45 607.38 Td (436) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 592.33 Td (Other non-current assets) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 454.90 592.33 Td (79) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 513.90 592.33 Td (70) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 577.33 Td (T) Tj ET Q q 0 0 0 rg BT 84.09 577.33 Td (otal non-current assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.30 577.38 Td (23,138) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.30 577.38 Td (23,901) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 554.33 Td (Assets held for sale) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 459.30 554.33 Td (4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 513.90 554.33 Td (14) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 539.33 Td (Inventories) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 443.75 539.38 Td (2,977) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 502.75 539.38 Td (3,077) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 524.33 Td (Receivables) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 443.75 524.38 Td (1,534) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 502.75 524.38 Td (1,606) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 509.33 Td (Other current financial assets) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 450.45 509.38 Td (254) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 509.45 509.38 Td (238) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 494.33 Td (Income taxes receivable) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 450.45 494.38 Td (1) Tj ET Q q 0 0 0 rg BT 454.90 494.38 Td (17) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 509.45 494.38 Td (154) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 479.33 Td (Prepaid expenses and other current assets) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 450.45 479.38 Td (376) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 509.45 479.38 Td (300) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 464.33 Td (Cash and cash equivalents) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 392.75 464.33 Td (9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 443.75 464.38 Td (5,944) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 502.75 464.38 Td (4,581) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 449.33 Td (T) Tj ET Q q 0 0 0 rg BT 84.09 449.33 Td (otal current assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.30 449.38 Td (1) Tj ET Q q 0 0 0 rg BT 443.75 449.38 Td (1,206) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.75 449.38 Td (9,970) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 426.33 Td (T) Tj ET Q q 0 0 0 rg BT 84.09 426.33 Td (otal assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.30 426.38 Td (34,344) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.30 426.38 Td (33,871) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 399.33 Td (Equity and liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 384.33 Td (Equity attributable to common shareholders) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 392.75 384.33 Td (8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.30 384.38 Td (14,885) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.30 384.38 Td (15,170) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 361.33 Td (Loans) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 390.55 361.33 Td (10) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 443.75 361.38 Td (4,068) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 502.75 361.38 Td (3,289) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 346.33 Td (Other non-current financial liabilities) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 443.75 346.38 Td (2,01) Tj ET Q q 0 0 0 rg BT 459.32 346.38 Td (1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 502.75 346.38 Td (2,098) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 331.33 Td (Pensions and other post-employment benefits) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 450.45 331.38 Td (555) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 509.45 331.38 Td (567) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 316.33 Td (Deferred tax liabilities) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 450.45 316.38 Td (846) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 502.75 316.38 Td (1,105) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 301.33 Td (Provisions) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 450.45 301.38 Td (777) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 509.45 301.38 Td (808) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 286.33 Td (Other non-current liabilities) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 450.45 286.38 Td (526) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 509.45 286.38 Td (529) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 271.33 Td (T) Tj ET Q q 0 0 0 rg BT 84.09 271.33 Td (otal non-current liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.75 271.38 Td (8,783) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.75 271.38 Td (8,396) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 248.33 Td (Accounts payable) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 443.75 248.38 Td (4,965) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 502.75 248.38 Td (5,277) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 233.33 Td (Other current financial liabilities) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 390.55 233.33 Td (10) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 443.75 233.38 Td (2,939) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 502.75 233.38 Td (2,210) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 218.33 Td (Income taxes payable) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 450.45 218.38 Td (170) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 509.45 218.38 Td (136) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 203.33 Td (Provisions) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 450.45 203.38 Td (330) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 509.45 203.38 Td (355) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 188.33 Td (Other current liabilities) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 443.75 188.38 Td (2,272) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 502.75 188.38 Td (2,327) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 173.33 Td (T) Tj ET Q q 0 0 0 rg BT 84.09 173.33 Td (otal current liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.30 173.38 Td (10,676) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.30 173.38 Td (10,305) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 150.33 Td (T) Tj ET Q q 0 0 0 rg BT 83.79 150.33 Td (otal equity and liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.30 150.38 Td (34,344) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.30 150.38 Td (33,871) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 131.33 Td (Y) Tj ET Q q 0 0 0 rg BT 84.10 131.33 Td (ear-end U.S. dollar exchange rate \(euro per U.S. dollar\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 439.00 131.33 Td (0.81) Tj ET Q q 0 0 0 rg BT 454.57 131.33 Td (14) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 498.00 131.33 Td (0.8330) Tj ET Q BT /F5 8.00 Tf ET /GS0 gs q 96.23 0 0 35.00 75.55 778.67 cm /I11 Do Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 816.15 m 73.05 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.05 816.15 m 237.05 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 816.15 m 237.05 816.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 775.15 m 237.05 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.05 775.15 m 269.05 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.05 775.15 m 536.05 775.15 l s BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.7843137254901961 0.11764705882352941 rg BT 378.05 796.37 Td (Interim report, First quarter 2018) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 239.55 778.37 Td (Interim financial statements) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 43.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 405.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 43 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553.3 58 m 553.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 553.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 43 m 553.3 43 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 509.45 47.23 Td (Page 1) Tj ET Q q 0 0.3333333333333333 0.3333333333333333 rg BT 534.21 47.23 Td (1/24) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 13.50 Tf ET q 0 0 0 rg BT 76.50 751.60 Td (Consolidated statement of changes in equity) Tj ET Q 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 222.00 735.10 23.00 -45.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 245.00 735.10 46.00 -45.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 291.00 735.10 46.00 -45.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 337.00 735.10 46.00 -45.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 383.00 735.10 46.00 -45.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 429.00 735.10 53.00 -45.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 482.00 735.10 53.00 -45.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 735.0999999999999 m 222 735.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 690.0999999999999 m 222 690.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 735.0999999999999 m 222 690.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 735.0999999999999 m 245 690.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 735.0999999999999 m 245 735.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 690.0999999999999 m 245 690.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 735.0999999999999 m 245 690.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 735.0999999999999 m 291 690.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 735.0999999999999 m 291 735.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 690.0999999999999 m 291 690.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 735.0999999999999 m 291 690.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 735.0999999999999 m 337 690.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 735.0999999999999 m 337 735.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 690.0999999999999 m 337 690.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 735.0999999999999 m 337 690.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 735.0999999999999 m 383 690.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 735.0999999999999 m 383 735.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 690.0999999999999 m 383 690.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 735.0999999999999 m 383 690.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 735.0999999999999 m 429 690.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 735.0999999999999 m 429 735.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 690.0999999999999 m 429 690.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 735.0999999999999 m 429 690.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 735.0999999999999 m 482 690.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 735.0999999999999 m 482 735.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 690.0999999999999 m 482 690.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 735.0999999999999 m 482 690.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535 735.0999999999999 m 535 690.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 735.0999999999999 m 535 735.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 690.0999999999999 m 535 690.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 637.0999999999999 m 222 637.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 637.0999999999999 m 245 637.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 637.0999999999999 m 291 637.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 637.0999999999999 m 337 637.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 637.0999999999999 m 383 637.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 637.0999999999999 m 429 637.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 637.0999999999999 m 482 637.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 637.0999999999999 m 535 637.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 588.0999999999999 m 222 588.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 588.0999999999999 m 245 588.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 588.0999999999999 m 291 588.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 588.0999999999999 m 337 588.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 588.0999999999999 m 383 588.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 588.0999999999999 m 429 588.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 588.0999999999999 m 482 588.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 588.0999999999999 m 535 588.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 559.0999999999999 m 222 559.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 559.0999999999999 m 245 559.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 559.0999999999999 m 291 559.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 559.0999999999999 m 337 559.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 559.0999999999999 m 383 559.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 559.0999999999999 m 429 559.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 559.0999999999999 m 482 559.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 559.0999999999999 m 535 559.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 544.0999999999999 m 222 544.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 544.0999999999999 m 245 544.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 544.0999999999999 m 291 544.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 529.0999999999999 m 291 529.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 544.0999999999999 m 337 544.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 529.0999999999999 m 337 529.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 544.0999999999999 m 383 544.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 529.0999999999999 m 383 529.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 544.0999999999999 m 429 544.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 529.0999999999999 m 429 529.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 544.0999999999999 m 482 544.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 529.0999999999999 m 482 529.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 544.0999999999999 m 535 544.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 529.0999999999999 m 535 529.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 529.0999999999999 m 222 529.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 529.0999999999999 m 245 529.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 529.0999999999999 m 291 529.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 529.0999999999999 m 337 529.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 529.0999999999999 m 383 529.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 529.0999999999999 m 429 529.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 529.0999999999999 m 482 529.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 529.0999999999999 m 535 529.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 480.09999999999997 m 222 480.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 480.09999999999997 m 245 480.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 480.09999999999997 m 291 480.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 480.09999999999997 m 337 480.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 480.09999999999997 m 383 480.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 480.09999999999997 m 429 480.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 480.09999999999997 m 482 480.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 480.09999999999997 m 535 480.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 431.09999999999997 m 222 431.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 417.09999999999997 m 222 417.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 431.09999999999997 m 245 431.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 417.09999999999997 m 245 417.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 431.09999999999997 m 291 431.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 417.09999999999997 m 291 417.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 431.09999999999997 m 337 431.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 417.09999999999997 m 337 417.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 431.09999999999997 m 383 431.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 417.09999999999997 m 383 417.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 431.09999999999997 m 429 431.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 417.09999999999997 m 429 417.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 431.09999999999997 m 482 431.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 417.09999999999997 m 482 417.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 431.09999999999997 m 535 431.09999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 417.09999999999997 m 535 417.09999999999997 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.5019607843137255 0.5019607843137255 0.5019607843137255 rg BT 79.50 694.33 Td ( million) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 224.60 694.33 Td (Note) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 266.15 702.33 Td (Share) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 264.35 694.33 Td (capital) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 298.35 710.33 Td (Additional) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 309.45 702.33 Td (paid-in) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 310.35 694.33 Td (capital) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 347.00 710.33 Td (Currency) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 342.55 702.33 Td (translation) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 352.80 694.33 Td (reserve) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 390.35 710.33 Td (Cash flow) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 397.00 702.33 Td (hedging) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 398.80 694.33 Td (reserve) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 458.45 726.33 Td (Other) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 447.80 718.33 Td (reserves) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 446.90 710.33 Td (including) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 449.55 702.33 Td (retained) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 447.80 694.33 Td (earnings) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 509.25 718.33 Td (Equity) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 491.90 710.33 Td (attributable) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 491.90 702.33 Td (to common) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 485.25 694.33 Td (shareholders) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.50 676.33 Td (Balance as of January 1, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.85 676.33 Td (13) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.30 676.38 Td (15,802) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 366.45 676.38 Td (754) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.65 676.33 Td (\(2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.80 676.33 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.75 676.38 Td (\(291) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.80 676.33 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.30 676.38 Td (16,276) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 663.33 Td (Net income attributable to common) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 655.33 Td (shareholders) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 279.75 655.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 325.75 655.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 371.75 655.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 417.75 655.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 465.45 655.38 Td (356) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.45 655.38 Td (356) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 641.33 Td (Other comprehensive income \(loss\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 279.75 641.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 325.75 641.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 363.75 641.38 Td (\(135) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 379.80 641.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 417.75 641.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 474.30 641.33 Td (5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.75 641.38 Td (\(130) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 531.80 641.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 628.33 Td (T) Tj ET Q q 0 0 0 rg BT 83.94 628.33 Td (otal comprehensive income \(loss\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 620.33 Td (attributable to common shareholders) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 279.75 620.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 325.75 620.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 363.75 620.38 Td (\(135) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 379.80 620.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 417.75 620.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 465.45 620.38 Td (361) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.45 620.38 Td (226) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 606.33 Td (Share buyback) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 279.75 606.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 325.75 606.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 371.75 606.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 417.75 606.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 462.75 606.38 Td (\(279) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 478.80 606.33 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.75 606.38 Td (\(279) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 531.80 606.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 592.33 Td (Share-based payments) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 279.75 592.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 325.75 592.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 371.75 592.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 417.75 592.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 469.90 592.33 Td (26) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.90 592.33 Td (26) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 578.33 Td (Balance as of ) Tj ET Q q 0 0 0 rg BT 133.15 578.33 Td (April 2, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.85 578.33 Td (13) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.30 578.38 Td (15,802) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 366.45 578.38 Td (619) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.65 578.33 Td (\(2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.80 578.33 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.75 578.38 Td (\(183) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.80 578.33 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.30 578.38 Td (16,249) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 548.33 Td (Balance as of December 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.85 548.33 Td (12) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.30 548.38 Td (15,175) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.75 548.38 Td (\(555) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.80 548.33 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.65 548.33 Td (\(4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.80 548.33 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.45 548.38 Td (542) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.30 548.38 Td (15,170) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 533.33 Td (Opening balance adjustment) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 181.35 537.14 Td (1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 279.75 533.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 325.75 533.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 371.75 533.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 417.75 533.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 471.65 533.33 Td (\(1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 478.80 533.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 524.65 533.33 Td (\(1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 533.33 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 518.33 Td (Balance as of January 1, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.85 518.33 Td (12) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.30 518.38 Td (15,175) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.75 518.38 Td (\(555) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.80 518.33 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.65 518.33 Td (\(4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.80 518.33 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.45 518.38 Td (541) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.30 518.38 Td (15,169) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 505.33 Td (Net income attributable to common) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 497.33 Td (shareholders) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 279.75 497.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 325.75 497.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 371.75 497.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 417.75 497.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 465.45 497.38 Td (407) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.45 497.38 Td (407) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 484.33 Td (Other comprehensive income \(loss\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 279.75 484.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 325.75 484.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 363.75 484.38 Td (\(256) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 379.80 484.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 421.30 484.33 Td (1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 469.90 484.33 Td (14) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.75 484.38 Td (\(241) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 531.80 484.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 471.33 Td (T) Tj ET Q q 0 0 0 rg BT 83.50 471.33 Td (otal comprehensive income \(loss\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 463.33 Td (attributable to common shareholders ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 279.75 463.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 325.75 463.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 363.75 463.38 Td (\(256) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 379.80 463.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 421.30 463.33 Td (1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 465.45 463.38 Td (421) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.45 463.38 Td (166) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 449.33 Td (Share buyback) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 237.05 449.33 Td (8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 279.75 449.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 325.75 449.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 371.75 449.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 417.75 449.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 462.75 449.38 Td (\(461) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 478.80 449.33 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.75 449.38 Td (\(461) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 531.80 449.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 435.33 Td (Share-based payments) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 279.75 435.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 325.75 435.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 371.75 435.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 417.75 435.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 469.90 435.33 Td (1) Tj ET Q q 0 0 0 rg BT 474.35 435.33 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.90 435.33 Td (1) Tj ET Q q 0 0 0 rg BT 527.35 435.33 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 421.33 Td (Balance as of ) Tj ET Q q 0 0 0 rg BT 133.00 421.33 Td (April 1, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.85 421.33 Td (12) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.30 421.38 Td (15,175) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.75 421.38 Td (\(81) Tj ET Q q 0 0 0 rg BT 375.31 421.38 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.80 421.33 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.65 421.33 Td (\(3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.80 421.33 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.45 421.38 Td (512) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.30 421.38 Td (14,885) Tj ET Q BT /F5 8.00 Tf ET BT /F5 8.00 Tf ET q 0 0 0 rg BT 94.50 408.00 Td (1. ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 112.50 408.00 Td (The opening balance adjustment is related to the implementation of IFRS 9. Refer to ) Tj ET Q q 0 0 0 rg BT 412.82 408.00 Td (Accounting policies paragraph for ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 112.50 398.40 Td (more information. ) Tj ET Q /GS0 gs q 96.23 0 0 35.00 75.55 778.67 cm /I12 Do Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 816.15 m 73.05 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.05 816.15 m 237.05 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 816.15 m 237.05 816.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 775.15 m 237.05 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.05 775.15 m 269.05 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.05 775.15 m 536.05 775.15 l s BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.7843137254901961 0.11764705882352941 rg BT 378.05 796.37 Td (Interim report, First quarter 2018) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 239.55 778.37 Td (Interim financial statements) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 43.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 405.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 43 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553.3 58 m 553.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 553.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 43 m 553.3 43 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 508.85 47.23 Td (Page 12/24) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 13.50 Tf ET q 0 0 0 rg BT 76.50 751.60 Td (Consolidated statement of cash flow) Tj ET Q 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 410.00 735.10 25.00 -23.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 435.00 735.10 50.00 -23.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 485.00 735.10 50.00 -23.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 735.1 m 310 735.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 712.1 m 310 712.1 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 735.1 m 310 712.1 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 735.1 m 360 712.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 735.1 m 360 735.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 712.1 m 360 712.1 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 735.1 m 360 712.1 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 735.1 m 410 712.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 735.1 m 410 735.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 712.1 m 410 712.1 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 735.1 m 410 712.1 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 735.1 m 435 712.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 735.1 m 435 735.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 712.1 m 435 712.1 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 735.1 m 435 712.1 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 735.1 m 485 712.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 735.1 m 485 735.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 712.1 m 485 712.1 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 735.1 m 485 712.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535 735.1 m 535 712.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 735.1 m 535 735.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 712.1 m 535 712.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 591.1 m 310 591.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 591.1 m 310 591.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 578.1 m 310 578.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 591.1 m 360 591.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 578.1 m 360 578.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 591.1 m 410 591.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 578.1 m 410 578.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 591.1 m 435 591.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 578.1 m 435 578.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 591.1 m 485 591.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 578.1 m 485 578.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 591.1 m 535 591.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 578.1 m 535 578.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 509.1 m 310 509.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 509.1 m 360 509.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 509.1 m 410 509.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 509.1 m 435 509.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 509.1 m 485 509.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 509.1 m 535 509.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 509.1 m 310 509.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 509.1 m 360 509.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 509.1 m 410 509.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 509.1 m 435 509.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 509.1 m 485 509.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 509.1 m 535 509.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 483.1 m 310 483.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 483.1 m 360 483.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 483.1 m 410 483.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 483.1 m 435 483.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 483.1 m 485 483.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 483.1 m 535 483.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 483.1 m 310 483.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 483.1 m 360 483.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 483.1 m 410 483.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 483.1 m 435 483.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 483.1 m 485 483.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 483.1 m 535 483.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 457.1 m 310 457.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 444.1 m 310 444.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 457.1 m 360 457.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 444.1 m 360 444.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 457.1 m 410 457.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 444.1 m 410 444.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 457.1 m 435 457.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 444.1 m 435 444.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 457.1 m 485 457.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 444.1 m 485 444.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 457.1 m 535 457.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 444.1 m 535 444.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 336.1 m 310 336.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 336.1 m 360 336.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 336.1 m 410 336.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 336.1 m 435 336.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 336.1 m 485 336.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 336.1 m 535 336.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 336.1 m 310 336.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 336.1 m 360 336.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 336.1 m 410 336.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 336.1 m 435 336.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 336.1 m 485 336.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 336.1 m 535 336.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 323.1 m 310 323.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 310.1 m 310 310.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 323.1 m 360 323.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 310.1 m 360 310.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 323.1 m 410 323.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 310.1 m 410 310.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 323.1 m 435 323.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 310.1 m 435 310.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 323.1 m 485 323.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 310.1 m 485 310.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 323.1 m 535 323.1 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 310.1 m 535 310.1 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 202.10000000000002 m 310 202.10000000000002 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 202.10000000000002 m 360 202.10000000000002 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 202.10000000000002 m 410 202.10000000000002 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 202.10000000000002 m 435 202.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 202.10000000000002 m 485 202.10000000000002 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 202.10000000000002 m 535 202.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 202.10000000000002 m 310 202.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 202.10000000000002 m 360 202.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 202.10000000000002 m 410 202.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 202.10000000000002 m 435 202.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 202.10000000000002 m 485 202.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 202.10000000000002 m 535 202.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 189.10000000000002 m 310 189.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 176.10000000000002 m 310 176.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 189.10000000000002 m 360 189.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 176.10000000000002 m 360 176.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 189.10000000000002 m 410 189.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 176.10000000000002 m 410 176.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 189.10000000000002 m 435 189.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 176.10000000000002 m 435 176.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 189.10000000000002 m 485 189.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 176.10000000000002 m 485 176.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 189.10000000000002 m 535 189.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 176.10000000000002 m 535 176.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 176.10000000000002 m 310 176.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 176.10000000000002 m 360 176.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 176.10000000000002 m 410 176.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 176.10000000000002 m 435 176.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 176.10000000000002 m 485 176.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 176.10000000000002 m 535 176.10000000000002 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 159.10000000000002 m 310 159.10000000000002 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 159.10000000000002 m 360 159.10000000000002 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 159.10000000000002 m 410 159.10000000000002 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 159.10000000000002 m 435 159.10000000000002 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 159.10000000000002 m 485 159.10000000000002 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 159.10000000000002 m 535 159.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 159.10000000000002 m 310 159.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 159.10000000000002 m 360 159.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 159.10000000000002 m 410 159.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 159.10000000000002 m 435 159.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 159.10000000000002 m 485 159.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 159.10000000000002 m 535 159.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 133.10000000000002 m 310 133.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 133.10000000000002 m 360 133.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 133.10000000000002 m 410 133.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 133.10000000000002 m 435 133.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 133.10000000000002 m 485 133.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 133.10000000000002 m 535 133.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 120.10000000000002 m 310 120.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 120.10000000000002 m 360 120.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 120.10000000000002 m 410 120.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 120.10000000000002 m 435 120.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 120.10000000000002 m 485 120.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 120.10000000000002 m 535 120.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 116.10000000000002 m 310 116.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 103.10000000000002 m 310 103.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 116.10000000000002 m 360 116.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 103.10000000000002 m 360 103.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 116.10000000000002 m 410 116.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 103.10000000000002 m 410 103.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 116.10000000000002 m 435 116.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 103.10000000000002 m 435 103.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 116.10000000000002 m 485 116.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 103.10000000000002 m 485 103.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 116.10000000000002 m 535 116.10000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 103.10000000000002 m 535 103.10000000000002 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.5019607843137255 0.5019607843137255 0.5019607843137255 rg BT 79.50 716.48 Td ( million) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 413.55 716.33 Td (Note) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 470.80 726.53 Td (Q1) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 463.70 716.33 Td (2018) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 520.80 726.53 Td (Q1) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 513.70 716.33 Td (2017) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.50 699.33 Td (Income from continuing operations) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 468.45 699.38 Td (407) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 518.45 699.38 Td (356) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 686.33 Td (Adjustments for:) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 85.50 673.33 Td (Net financial expenses) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 472.90 673.33 Td (64) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.90 673.33 Td (89) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 85.50 660.33 Td (Income taxes) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 468.45 660.38 Td (107) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 518.45 660.38 Td (130) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 85.50 647.33 Td (Share in income of joint ventures) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 474.65 647.33 Td (\(4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 647.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 524.65 647.33 Td (\(6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 647.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 85.50 634.33 Td (Depreciation, amortization and impairments) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 419.75 634.33 Td (6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 468.45 634.38 Td (441) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 518.45 634.38 Td (463) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 85.50 621.33 Td (Gains on the sale of assets / disposal groups held for sale) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 419.75 621.33 Td (6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 474.65 621.33 Td (\(1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 621.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 520.20 621.38 Td (\(19) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 621.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 85.50 608.33 Td (Share-based compensation expenses) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 472.90 608.33 Td (1) Tj ET Q q 0 0 0 rg BT 477.35 608.33 Td (1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.90 608.33 Td (19) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 85.50 595.33 Td (Other changes to operating income) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 474.65 595.33 Td (\(1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 595.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 524.65 595.33 Td (\(2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 595.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 582.33 Td (Operating cash flows before changes in operating assets and liabilities) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 461.75 582.38 Td (1,024) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.75 582.38 Td (1,030) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 565.33 Td (Changes in working capital:) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 85.50 552.33 Td (Changes in inventories) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 472.90 552.33 Td (52) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 527.35 552.38 Td (2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 85.50 539.33 Td (Changes in receivables and other current assets) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 472.90 539.33 Td (19) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 520.20 539.38 Td (\(81) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 539.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 85.50 526.33 Td (Changes in payables and other current liabilities) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 465.75 526.38 Td (\(274) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 526.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 515.75 526.38 Td (\(267) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 526.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 513.33 Td (Changes in other non-current assets, other non-current liabilities and provisions) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 470.20 513.38 Td (\(17) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 513.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 520.20 513.38 Td (\(29) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 513.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 500.33 Td (Cash generated from operations) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 468.45 500.38 Td (804) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 518.45 500.38 Td (655) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 487.33 Td (Income taxes paid - net) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 470.20 487.38 Td (\(34) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 487.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 520.20 487.38 Td (\(28) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 487.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 474.33 Td (Operating cash flows from continuing operations) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 468.45 474.38 Td (770) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 518.45 474.38 Td (627) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 461.33 Td (Operating cash flows from discontinued operations) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 474.65 461.33 Td (\(1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 461.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 524.65 461.33 Td (\(2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 461.33 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 448.33 Td (Net cash from operating activities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.45 448.38 Td (769) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.45 448.38 Td (625) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 431.33 Td (Purchase of non-current assets) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 465.75 431.38 Td (\(303) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 431.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 515.75 431.38 Td (\(431) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 431.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 418.33 Td (Divestments of assets / disposal groups held for sale) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 472.90 418.33 Td (13) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.90 418.33 Td (50) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 405.33 Td (Acquisition of businesses, net of cash acquired) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 473.75 405.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 524.65 405.33 Td (\(4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 405.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 392.33 Td (Divestment of businesses, net of cash divested) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 474.65 392.33 Td (\(1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 392.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 524.65 392.33 Td (\(1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 392.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 379.33 Td (Changes in short-term deposits and similar instruments) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 470.20 379.38 Td (\(24) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 379.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 518.45 379.38 Td (100) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 366.33 Td (Dividends received from joint ventures) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 422.00 366.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 473.75 366.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 527.35 366.38 Td (2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 353.33 Td (Interest received) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 472.90 353.33 Td (15) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 527.35 353.38 Td (9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 340.33 Td (Other) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 474.65 340.33 Td (\(3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 340.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 523.75 340.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 327.33 Td (Investing cash flows from continuing operations) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 465.75 327.38 Td (\(303) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 327.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 515.75 327.38 Td (\(275) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 327.33 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 314.33 Td (Net cash from investing activities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.75 314.38 Td (\(303) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.80 314.33 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.75 314.38 Td (\(275) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 531.80 314.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 297.33 Td (Proceeds from long-term debt) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 417.55 297.33 Td (10) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 468.45 297.38 Td (797) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 523.75 297.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 284.33 Td (Interest paid) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 470.20 284.38 Td (\(54) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 284.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 520.20 284.38 Td (\(60) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 284.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 271.33 Td (Repayments of loans) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 470.20 271.38 Td (\(13) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 271.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 515.75 271.38 Td (\(301) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 271.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 258.33 Td (Changes in short-term loans) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 417.55 258.33 Td (10) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 468.45 258.38 Td (748) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 520.20 258.38 Td (\(87) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 258.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 245.33 Td (Repayments of finance lease liabilities) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 470.20 245.38 Td (\(43) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 245.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 520.20 245.38 Td (\(49) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 245.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 232.33 Td (Share buyback) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 419.75 232.33 Td (8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 465.75 232.38 Td (\(460) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 232.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 515.75 232.38 Td (\(279) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 232.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 219.33 Td (Other cash flows from derivatives) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 473.75 219.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 518.45 219.38 Td (274) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 206.33 Td (Other) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 474.65 206.33 Td (\(1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 206.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 527.35 206.38 Td (4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 193.33 Td (Financing cash flows from continuing operations) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 468.45 193.38 Td (974) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 515.75 193.38 Td (\(498) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 193.33 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 180.33 Td (Net cash from financing activities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.45 180.38 Td (974) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.75 180.38 Td (\(498) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 531.80 180.33 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 163.33 Td (Net cash from operating, investing and financing activities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.75 163.38 Td (1,440) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.75 163.38 Td (\(148) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 531.80 163.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 150.33 Td (Cash and cash equivalents at the beginning of the period \(excluding restricted cash\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 461.75 150.38 Td (4,542) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.75 150.38 Td (3,990) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 137.33 Td (Ef) Tj ET Q q 0 0 0 rg BT 86.91 137.33 Td (fect of exchange rates on cash and cash equivalents) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 470.20 137.38 Td (\(75) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 137.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 520.20 137.38 Td (\(25) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 137.33 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 124.33 Td (Cash and cash equivalents at the end of the period \(excluding restricted cash\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 419.75 124.33 Td (9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.75 124.38 Td (5,907) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.75 124.38 Td (3,817) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 107.33 Td (A) Tj ET Q q 0 0 0 rg BT 84.69 107.33 Td (verage U.S. dollar exchange rate \(euro per U.S. dollar\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 457.30 107.38 Td (0.8139) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 507.30 107.38 Td (0.9387) Tj ET Q BT /F4 10.00 Tf ET /GS0 gs q 96.23 0 0 35.00 75.55 778.67 cm /I13 Do Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 816.15 m 73.05 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.05 816.15 m 237.05 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 816.15 m 237.05 816.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 775.15 m 237.05 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.05 775.15 m 269.05 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.05 775.15 m 536.05 775.15 l s BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.7843137254901961 0.11764705882352941 rg BT 378.05 796.37 Td (Interim report, First quarter 2018) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 239.55 778.37 Td (Interim financial statements) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 43.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 405.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 43 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553.3 58 m 553.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 553.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 43 m 553.3 43 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 508.85 47.23 Td (Page 13/24) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 13.50 Tf ET q 0 0 0 rg BT 76.50 751.60 Td (Notes to the consolidated summary financial statements ) Tj ET Q /GS0 gs q 96.23 0 0 35.00 75.55 778.67 cm /I14 Do Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 727.60 Td (1. The Company and its operations) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 711.80 Td (The principal activity of Koninklijke ) Tj ET Q q 0 0 0 rg BT 231.02 711.80 Td (Ahold Delhaize N.V) Tj ET Q q 0 0 0 rg BT 316.81 711.80 Td (. \("Ahold Delhaize" or the "Company" or "Group" ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 699.00 Td (or "Ahold Delhaize Group"\), a public limited liability company with its registered seat and head of) Tj ET Q q 0 0 0 rg BT 501.97 699.00 Td (fice in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 686.20 Td (Zaandam, the Netherlands, is the operation of retail food stores and e-commerce primarily in the United ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 673.40 Td (States and Europe.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 162.12 673.40 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 654.60 Td (The information in these condensed consolidated interim financial statements \("financial statements"\) is ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 641.80 Td (unaudited.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 617.80 Td (2. ) Tj ET Q q 0 0 0 rg BT 87.25 617.80 Td (Accounting policies ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 76.50 599.00 Td (Basis of preparation) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 583.20 Td (These financial statements have been prepared in accordance with IAS 34 Interim Financial ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 570.40 Td (Reporting. ) Tj ET Q q 0 0 0 rg BT 128.57 570.40 Td (The accounting policies applied in these financial statements are consistent with those ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 557.60 Td (applied in ) Tj ET Q q 0 0 0 rg BT 121.54 557.60 Td (Ahold Delhaize) Tj ET Q q 0 0 0 rg BT 190.85 557.60 Td (s 2017 consolidated financial statements, except as otherwise indicated ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 544.80 Td (below) Tj ET Q q 0 0 0 rg BT 102.08 544.80 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 526.00 Td (T) Tj ET Q q 0 0 0 rg BT 81.50 526.00 Td (axes on income in the interim periods are accrued for using the tax rate that is expected to be ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 513.20 Td (applicable to the total annual profit or loss.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 494.40 Td (Ahold Delhaize's reporting calendar in 2018 and 2017 is based on a 4/4/5-week calendar) Tj ET Q q 0 0 0 rg BT 468.68 494.40 Td (, with four ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 481.60 Td (equal quarters of 13 weeks, for a total of 52 weeks. ) Tj ET Q BT /F5 10.00 Tf ET 1 1 1 rg /GS0 gs 76.50 470.88 61.71 -9.36 re f /GS0 gs q 0 0 0 rg BT 76.50 463.60 Td (Segmentation) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 447.80 Td (Ahold Delhaize) Tj ET Q q 0 0 0 rg BT 145.81 447.80 Td (s operating segments are its retail operating companies that engage in business ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 435.00 Td (activities from which they earn revenues and incur expenses and whose operating results are regularly ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 422.20 Td (reviewed by the Executive Committee to make decisions about resources to be allocated to the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 409.40 Td (segments and to assess their performance. In establishing the reportable segments, certain operating ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 396.60 Td (segments with similar economic characteristics have been aggregated. ) Tj ET Q q 0 0 0 rg BT 392.21 396.60 Td (As ) Tj ET Q q 0 0 0 rg BT 406.11 396.60 Td (Ahold Delhaize) Tj ET Q q 0 0 0 rg BT 475.42 396.60 Td (s operating ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 383.80 Td (segments of) Tj ET Q q 0 0 0 rg BT 130.79 383.80 Td (fer similar products using complementary business models, and there is no discernible ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 371.00 Td (dif) Tj ET Q q 0 0 0 rg BT 86.88 371.00 Td (ference in customer bases, ) Tj ET Q q 0 0 0 rg BT 209.17 371.00 Td (Ahold Delhaize) Tj ET Q q 0 0 0 rg BT 278.47 371.00 Td (s policy on aggregating its operating segments into ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 358.20 Td (reportable segments is based on geography) Tj ET Q q 0 0 0 rg BT 270.88 358.20 Td (, functional currency and management oversight.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 487.12 358.20 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 339.40 Td (As of the first quarter of 2018, the previous ) Tj ET Q q 0 0 0 rg BT 267.72 339.40 Td (Ahold USA) Tj ET Q q 0 0 0 rg BT 316.08 339.40 Td ( and Delhaize ) Tj ET Q q 0 0 0 rg BT 379.46 339.40 Td (America segments are combined ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 326.60 Td (into one reporting segment, "The United States." ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 76.50 305.60 Td (New and revised IFRSs effective in ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 234.90 305.60 Td (2018) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 257.14 305.60 Td (:) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 76.50 287.60 Td (IFRS 9, "Financial Instruments") Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 271.80 Td (IFRS 9 addresses the classification, measurement and recognition of financial assets and financial ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 259.00 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 119.67 259.00 Td (The adoption of the new standard has the following ef) Tj ET Q q 0 0 0 rg BT 356.87 259.00 Td (fects on the financial assets and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 246.20 Td (liabilities on January 1, 2018.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 227.40 Td (The majority of the Company) Tj ET Q q 0 0 0 rg BT 206.93 227.40 Td (s debt instruments that were measured at amortized cost satisfy the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 214.60 Td (conditions to be classified at amortized costs under IFRS 9, so there is no change in how we account ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 201.80 Td (for these assets. However) Tj ET Q q 0 0 0 rg BT 191.55 201.80 Td (, certain investments in U.S. ) Tj ET Q q 0 0 0 rg BT 318.64 201.80 Td (T) Tj ET Q q 0 0 0 rg BT 324.38 201.80 Td (reasury bond funds that were classified as ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 189.00 Td (available-for-sale financial assets do not meet the criteria to be classified as either at fair value through ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 176.20 Td (other comprehensive income \(FVOCI\) or at amortized cost and 157 million has been reclassified to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 163.40 Td (financial assets at fair value through profit or loss \(FVPL\). Related fair value gains of 3 million were ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 150.60 Td (transferred from the available-for-sale financial assets reserve to retained earnings on January 1, 2018. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 137.80 Td (There were no other changes to the classification and measurement of other financial assets.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 119.00 Td (There is no ef) Tj ET Q q 0 0 0 rg BT 137.46 119.00 Td (fect on the Group) Tj ET Q q 0 0 0 rg BT 216.77 119.00 Td (s accounting for financial liabilities. ) Tj ET Q q 0 0 0 rg BT 372.78 119.00 Td (The new requirements only af) Tj ET Q q 0 0 0 rg BT 504.34 119.00 Td (fect ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 106.20 Td (the accounting for financial liabilities that are designated at fair value through profit or loss. For the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 93.40 Td (Group, only derivatives and reinsurance liabilities are designated at fair value through profit or loss and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 80.60 Td (there are no changes in the accounting for these liabilities as a result of IFRS 9. ) Tj ET Q q 0 0 0 rg BT 430.96 80.60 Td (The derecognition ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 67.80 Td (rules have not changed from IAS 39, Financial Instruments: Recognition and Measurement.) Tj ET Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 816.15 m 73.05 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.05 816.15 m 237.05 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 816.15 m 237.05 816.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 775.15 m 237.05 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.05 775.15 m 269.05 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.05 775.15 m 536.05 775.15 l s BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.7843137254901961 0.11764705882352941 rg BT 378.05 796.37 Td (Interim report, First quarter 2018) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 239.55 778.37 Td (Interim financial statements) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 43.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 405.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 43 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553.3 58 m 553.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 553.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 43 m 553.3 43 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 508.85 47.23 Td (Page 14/24) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 754.15 Td (The new hedge accounting rules align the accounting for hedging instruments more closely with the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 741.35 Td (Group) Tj ET Q q 0 0 0 rg BT 106.33 741.35 Td (s risk management practices. ) Tj ET Q q 0 0 0 rg BT 238.61 741.35 Td (As a general rule, more hedge relationships could be eligible for ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 728.55 Td (hedge accounting, as the standard introduces a more principles-based approach. ) Tj ET Q q 0 0 0 rg BT 438.21 728.55 Td (The Company has ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 715.75 Td (assessed that its current hedge relationships will qualify as continuing hedges upon the adoption of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 702.95 Td (IFRS 9.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 684.15 Td (The new impairment model requires the recognition of impairment provisions based on expected credit ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 671.35 Td (losses rather than only incurred credit losses as is the case under IAS 39. It applies to financial assets ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 658.55 Td (measured at amortized cost, debt instruments measured at FVOCI, contract assets under IFRS 15, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 645.75 Td (Revenue from Contracts with Customers, lease receivables, loan commitments and certain financial ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 632.95 Td (guarantee contracts. Due to the change in the impairment model the loss allowance for the financial ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 620.15 Td (receivables increased by 1million at January 1, 2018.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 601.35 Td (IFRS 9 applies for annual periods beginning on or after January 1, 2018. ) Tj ET Q q 0 0 0 rg BT 399.30 601.35 Td (The Company applies the new ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 588.55 Td (rules retrospectively from January 1, 2018, applying the practical expedients permitted under the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 575.75 Td (standard. Comparatives for 2017 have not been restated.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 76.50 557.75 Td (IFRS 15, "Revenue "from Contracts with Customers") Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 541.95 Td (IFRS 15 establishes a single comprehensive model for entities to use in accounting for revenue from ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 529.15 Td (contracts with customers. IFRS 15 supersedes the previous revenue recognition guidance, including ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 516.35 Td (IAS 18, Revenue, IAS 1) Tj ET Q q 0 0 0 rg BT 188.04 516.35 Td (1, Construction Contracts, and the related interpretations. Under IFRS 15, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 503.55 Td (an entity recognizes revenue when \(or as\) a performance obligation is satisfied, i.e., when control of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 490.75 Td (the goods or services underlying the particular performance obligation is transferred to the customer) Tj ET Q q 0 0 0 rg BT 517.84 490.75 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 471.95 Td (The majority of the Company) Tj ET Q q 0 0 0 rg BT 206.93 471.95 Td (s revenue is derived from sales of retail products whereby control is ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 459.15 Td (transferred to the customer as purchases occur at the register) Tj ET Q q 0 0 0 rg BT 349.41 459.15 Td (. For goods shipped to customers, control ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 446.35 Td (transfers to the customer when the product is delivered and accepted. ) Tj ET Q q 0 0 0 rg BT 388.16 446.35 Td (The Company previously ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 433.55 Td (recognized revenue as control passed and the adoption of IFRS 15 has no ef) Tj ET Q q 0 0 0 rg BT 417.10 433.55 Td (fect on when revenue is ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 420.75 Td (recognized.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 401.95 Td (The Company) Tj ET Q q 0 0 0 rg BT 141.35 401.95 Td (s policy is to allow customers to return product for replacement or refund. Revenue was ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 389.15 Td (previously recognized with an allowance for a reasonable estimate of the returns that can be made for ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 376.35 Td (a refund and this remained unchanged after adoption of IFRS 15. However) Tj ET Q q 0 0 0 rg BT 406.71 376.35 Td (, under IFRS 15, the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 363.55 Td (Company is now required to recognize an asset that represents the right to receive returned product. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 350.75 Td (The value of this asset represents the purchase cost of only the goods that will be of value to ) Tj ET Q q 0 0 0 rg BT 488.41 350.75 Td (Ahold ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 337.95 Td (Delhaize. ) Tj ET Q q 0 0 0 rg BT 120.42 337.95 Td (A) Tj ET Q q 0 0 0 rg BT 126.53 337.95 Td ( returned product has value to ) Tj ET Q q 0 0 0 rg BT 261.62 337.95 Td (Ahold Delhaize if it can be restocked for future resale or ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 325.15 Td (returned to the vendor for a refund. Based on the limited amount of sales that result in refunds to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 312.35 Td (customers, the value of this new asset was 1 million at January 1, 2018.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 293.55 Td (IFRS 15 applies for annual periods beginning on or after January 1, 2018. ) Tj ET Q q 0 0 0 rg BT 404.86 293.55 Td (The Company applies the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 280.75 Td (new rules retrospectively from January 1, 2018, with the cumulative ef) Tj ET Q q 0 0 0 rg BT 385.35 280.75 Td (fect of initially applying the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 267.95 Td (standard recognized as of that date. Comparatives for 2017 have not been restated.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 76.50 249.95 Td (New accounting policies not yet effective for 2018) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 234.15 Td (The IASB issued several standards, or revisions to standards, that are not yet ef) Tj ET Q q 0 0 0 rg BT 430.39 234.15 Td (fective for 2017, but ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 221.35 Td (will become ef) Tj ET Q q 0 0 0 rg BT 139.68 221.35 Td (fective in coming years. For the assessment of the ef) Tj ET Q q 0 0 0 rg BT 373.49 221.35 Td (fects of these standards, refer to the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 208.55 Td (description in ) Tj ET Q q 0 0 0 rg BT 137.65 208.55 Td (Ahold Delhaize's ) Tj ET Q q 0 0 0 rg BT 214.05 208.55 Td (Annual Report 2017. ) Tj ET Q /GS0 gs q 96.23 0 0 35.00 75.55 778.67 cm /I15 Do Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 816.15 m 73.05 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.05 816.15 m 237.05 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 816.15 m 237.05 816.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 775.15 m 237.05 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.05 775.15 m 269.05 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.05 775.15 m 536.05 775.15 l s BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.7843137254901961 0.11764705882352941 rg BT 378.05 796.37 Td (Interim report, First quarter 2018) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 239.55 778.37 Td (Interim financial statements) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 43.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 405.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 43 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553.3 58 m 553.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 553.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 43 m 553.3 43 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 508.85 47.23 Td (Page 15/24) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 754.15 Td (3. Goodwill) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 738.35 Td (A) Tj ET Q q 0 0 0 rg BT 82.62 738.35 Td ( reconciliation of ) Tj ET Q q 0 0 0 rg BT 157.11 738.35 Td (Ahold Delhaize) Tj ET Q q 0 0 0 rg BT 226.41 738.35 Td (s goodwill balance, which is presented within intangible assets, is as ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 725.55 Td (follows:) Tj ET Q 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 485.00 715.05 50.00 -15.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 715.05 m 485 715.05 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 700.05 m 485 700.05 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 715.05 m 485 700.05 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535 715.05 m 535 700.05 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 715.05 m 535 715.05 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 700.05 m 535 700.05 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 655.05 m 485 655.05 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 640.05 m 485 640.05 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 655.05 m 535 655.05 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 640.05 m 535 640.05 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 625.05 m 485 625.05 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 625.05 m 535 625.05 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 610.05 m 485 610.05 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 610.05 m 535 610.05 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 565.05 m 485 565.05 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 550.05 m 485 550.05 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 565.05 m 535 565.05 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 550.05 m 535 550.05 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.5019607843137255 0.5019607843137255 0.5019607843137255 rg BT 79.50 704.28 Td ( million) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 500.80 704.28 Td (Goodwill) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.50 689.28 Td (As of December 31, 2017) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 674.28 Td (At cost) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.75 674.33 Td (6,868) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 659.28 Td (Accumulated impairment losses) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 524.65 659.28 Td (\(8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 659.28 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 644.28 Td (Opening carrying amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.75 644.33 Td (6,860) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 629.28 Td (Exchange rate dif) Tj ET Q q 0 0 0 rg BT 141.62 629.28 Td (ferences) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 515.75 629.33 Td (\(1) Tj ET Q q 0 0 0 rg BT 522.86 629.33 Td (10) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 629.28 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 614.28 Td (Closing carrying amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.75 614.33 Td (6,750) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 599.28 Td (As of ) Tj ET Q q 0 0 0 rg BT 101.57 599.28 Td (April 1, 2018) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 584.28 Td (At cost) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.75 584.33 Td (6,758) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 569.28 Td (Accumulated impairment losses) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 524.65 569.28 Td (\(8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 569.28 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 554.28 Td (Closing carrying amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.75 554.33 Td (6,750) Tj ET Q BT /F5 8.00 Tf ET /GS0 gs q 96.23 0 0 35.00 75.55 778.67 cm /I16 Do Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 526.55 Td (4. Segment reporting) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 510.75 Td (Ahold Delhaize) Tj ET Q q 0 0 0 rg BT 145.81 510.75 Td (s retail operations are presented in four reportable segments. In addition, "Other retail," ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 497.95 Td (consisting of ) Tj ET Q q 0 0 0 rg BT 134.31 497.95 Td (Ahold Delhaize) Tj ET Q q 0 0 0 rg BT 203.62 497.95 Td (s unconsolidated joint ventures JMR - Gesto de Empresas de Retalho, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 485.15 Td (SGPS, S.A. \("JMR"\) and P) Tj ET Q q 0 0 0 rg BT 193.45 485.15 Td (.T) Tj ET Q q 0 0 0 rg BT 201.23 485.15 Td (. Lion Super Indo \("Super Indo"\), and ) Tj ET Q q 0 0 0 rg BT 367.33 485.15 Td (Ahold Delhaize) Tj ET Q q 0 0 0 rg BT 436.64 485.15 Td (s Global Support ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 472.35 Td (Of) Tj ET Q q 0 0 0 rg BT 86.88 472.35 Td (fice, are presented separately) Tj ET Q q 0 0 0 rg BT 217.88 472.35 Td (. ) Tj ET Q q 0 0 0 rg BT 223.25 472.35 Td (The accounting policies used for the segments are the same as the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 459.55 Td (accounting policies used for the consolidated financial statements as described in ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 439.49 459.55 Td (Note 2) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 468.96 459.55 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 440.75 Td (All reportable segments sell a wide range of perishable and non-perishable food and non-food ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 427.95 Td (consumer products.) Tj ET Q 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 77.00 411.45 128.00 -13.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 205.00 411.45 318.00 -13.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 411.44999999999993 m 77 398.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 411.44999999999993 m 205 411.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 398.44999999999993 m 205 398.44999999999993 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 411.44999999999993 m 205 398.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523 411.44999999999993 m 523 398.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 411.44999999999993 m 523 411.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 398.44999999999993 m 523 398.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 326.44999999999993 m 205 326.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 326.44999999999993 m 523 326.44999999999993 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 79.50 402.93 Td (Reportable segment) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 207.50 402.93 Td (Operating segments) Tj ET Q BT /F4 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 279.54 402.93 Td ( ) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 281.48 402.93 Td (included in the Reportable segment) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.50 385.93 Td (The United States) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 207.50 385.93 Td (Stop & Shop, Food Lion, Giant/Martin's, Hannaford, Giant Food and Peapod) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 373.13 Td (The Netherlands) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 207.50 372.68 Td (Albert Heijn \(including the Netherlands, Belgium and Germany\), Etos, Gall & Gall and) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 207.50 364.68 Td (bol.com \(including the Netherlands and Belgium\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 351.93 Td (Belgium) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 207.50 351.93 Td (Delhaize \(including Belgium and Luxembourg\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 339.13 Td (Central and Southeastern Europe) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 207.50 338.68 Td (Albert \(Czech Republic\), ) Tj ET Q q 0 0 0 rg BT 295.98 338.68 Td (Alfa Beta \(Greece\), Mega Image \(Romania\), Delhaize Serbia) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 207.50 330.68 Td (\(Republic of Serbia \)) Tj ET Q BT /F4 10.00 Tf ET 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 77.00 310.45 128.00 -12.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 205.00 310.45 319.00 -12.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 310.44999999999993 m 77 298.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 310.44999999999993 m 205 310.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 298.44999999999993 m 205 298.44999999999993 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 310.44999999999993 m 205 298.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 524 310.44999999999993 m 524 298.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 310.44999999999993 m 524 310.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 298.44999999999993 m 524 298.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 261.44999999999993 m 205 261.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 261.44999999999993 m 524 261.44999999999993 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 79.50 302.13 Td (Other) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 207.50 302.13 Td (Included in Other) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.50 286.13 Td (Other retail) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 207.50 286.13 Td (Unconsolidated joint ventures JMR \(49%\) and Super Indo \(51%\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 274.13 Td (Global Support Of) Tj ET Q q 0 0 0 rg BT 143.39 274.13 Td (fice) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 207.50 273.68 Td (Global Support Of) Tj ET Q q 0 0 0 rg BT 271.39 273.68 Td (fice staf) Tj ET Q q 0 0 0 rg BT 298.81 273.68 Td (f \(the Netherlands, Belgium, Switzerland and the United) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 207.50 265.68 Td (States\)) Tj ET Q BT /F4 10.00 Tf ET endstream endobj 33 0 obj <> endobj 34 0 obj <> stream 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 816.15 m 73.05 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.05 816.15 m 237.05 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 816.15 m 237.05 816.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 775.15 m 237.05 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.05 775.15 m 269.05 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.05 775.15 m 536.05 775.15 l s BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.7843137254901961 0.11764705882352941 rg BT 378.05 796.37 Td (Interim report, First quarter 2018) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 239.55 778.37 Td (Interim financial statements) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 43.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 405.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 43 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553.3 58 m 553.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 553.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 43 m 553.3 43 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 508.85 47.23 Td (Page 16/24) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 754.15 Td (Net sales) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 738.35 Td (Net sales per segment are as follows:) Tj ET Q 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 422.00 721.85 50.00 -23.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 472.00 721.85 50.00 -23.00 re f /GS0 gs 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 721.8499999999999 m 222 698.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 721.8499999999999 m 222 721.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 698.8499999999999 m 222 698.8499999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 721.8499999999999 m 222 698.8499999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 721.8499999999999 m 272 698.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 721.8499999999999 m 272 721.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 698.8499999999999 m 272 698.8499999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 721.8499999999999 m 272 698.8499999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 721.8499999999999 m 322 698.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 721.8499999999999 m 322 721.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 698.8499999999999 m 322 698.8499999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 721.8499999999999 m 322 698.8499999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 721.8499999999999 m 372 698.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 721.8499999999999 m 372 721.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 698.8499999999999 m 372 698.8499999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 721.8499999999999 m 372 698.8499999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 721.8499999999999 m 422 698.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 721.8499999999999 m 422 721.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 698.8499999999999 m 422 698.8499999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 721.8499999999999 m 422 698.8499999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 721.8499999999999 m 472 698.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 721.8499999999999 m 472 721.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 698.8499999999999 m 472 698.8499999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 721.8499999999999 m 472 698.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522 721.8499999999999 m 522 698.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 721.8499999999999 m 522 721.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 698.8499999999999 m 522 698.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 647.8499999999999 m 222 647.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 647.8499999999999 m 272 647.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 647.8499999999999 m 322 647.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 647.8499999999999 m 372 647.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 647.8499999999999 m 422 647.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 647.8499999999999 m 472 647.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 647.8499999999999 m 522 647.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 647.8499999999999 m 222 647.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 641.8499999999999 m 222 641.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 647.8499999999999 m 272 647.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 641.8499999999999 m 272 641.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 647.8499999999999 m 322 647.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 641.8499999999999 m 322 641.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 647.8499999999999 m 372 647.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 641.8499999999999 m 372 641.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 647.8499999999999 m 422 647.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 641.8499999999999 m 422 641.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 647.8499999999999 m 472 647.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 641.8499999999999 m 472 641.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 647.8499999999999 m 522 647.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 641.8499999999999 m 522 641.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 566.8499999999999 m 222 566.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 551.8499999999999 m 222 551.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 566.8499999999999 m 272 566.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 551.8499999999999 m 272 551.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 566.8499999999999 m 322 566.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 551.8499999999999 m 322 551.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 566.8499999999999 m 372 566.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 551.8499999999999 m 372 551.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 566.8499999999999 m 422 566.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 551.8499999999999 m 422 551.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 566.8499999999999 m 472 566.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 551.8499999999999 m 472 551.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 566.8499999999999 m 522 566.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 551.8499999999999 m 522 551.8499999999999 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 457.80 713.28 Td (Q1) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 450.70 703.08 Td (2018) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 507.80 713.28 Td (Q1) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 500.70 703.08 Td (2017) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.5019607843137255 0.5019607843137255 0.5019607843137255 rg BT 79.50 688.08 Td ($ million) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.50 673.08 Td (The United States) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 444.30 673.13 Td (10,860) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 494.30 673.13 Td (10,641) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 79.50 660.28 Td (A) Tj ET Q q 0 0 0 rg BT 84.69 660.28 Td (verage U.S. dollar exchange rate) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 79.50 652.28 Td (\(euro per U.S. dollar\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 444.30 652.08 Td (0.8139) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 494.30 652.08 Td (0.9387) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.5019607843137255 0.5019607843137255 0.5019607843137255 rg BT 79.50 631.08 Td ( million) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.50 616.08 Td (The United States) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 448.75 616.13 Td (8,839) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 498.75 616.13 Td (9,989) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 601.08 Td (The Netherlands) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 448.75 601.13 Td (3,408) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 498.75 601.13 Td (3,320) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 586.08 Td (Belgium) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 448.75 586.13 Td (1,245) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 498.75 586.13 Td (1,186) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 571.08 Td (Central and Southeastern Europe) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 448.75 571.13 Td (1,441) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 498.75 571.13 Td (1,375) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 556.08 Td (Ahold Delhaize Group) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.30 556.13 Td (14,933) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.30 556.13 Td (15,870) Tj ET Q BT /F5 8.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 528.35 Td (Operating income ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 512.55 Td (Operating income \(loss\) per segment is as follows:) Tj ET Q 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 422.00 496.05 50.00 -23.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 472.00 496.05 50.00 -23.00 re f /GS0 gs 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 496.04999999999995 m 222 473.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 496.04999999999995 m 222 496.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 473.04999999999995 m 222 473.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 496.04999999999995 m 222 473.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 496.04999999999995 m 272 473.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 496.04999999999995 m 272 496.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 473.04999999999995 m 272 473.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 496.04999999999995 m 272 473.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 496.04999999999995 m 322 473.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 496.04999999999995 m 322 496.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 473.04999999999995 m 322 473.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 496.04999999999995 m 322 473.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 496.04999999999995 m 372 473.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 496.04999999999995 m 372 496.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 473.04999999999995 m 372 473.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 496.04999999999995 m 372 473.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 496.04999999999995 m 422 473.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 496.04999999999995 m 422 496.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 473.04999999999995 m 422 473.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 496.04999999999995 m 422 473.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 496.04999999999995 m 472 473.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 496.04999999999995 m 472 496.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 473.04999999999995 m 472 473.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 496.04999999999995 m 472 473.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522 496.04999999999995 m 522 473.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 496.04999999999995 m 522 496.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 473.04999999999995 m 522 473.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 473.04999999999995 m 222 473.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 473.04999999999995 m 272 473.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 473.04999999999995 m 322 473.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 473.04999999999995 m 372 473.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 473.04999999999995 m 422 473.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 473.04999999999995 m 472 473.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 473.04999999999995 m 522 473.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 422.04999999999995 m 222 422.04999999999995 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 422.04999999999995 m 272 422.04999999999995 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 422.04999999999995 m 322 422.04999999999995 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 422.04999999999995 m 372 422.04999999999995 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 422.04999999999995 m 422 422.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 422.04999999999995 m 472 422.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 422.04999999999995 m 522 422.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 422.04999999999995 m 222 422.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 416.04999999999995 m 222 416.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 422.04999999999995 m 272 422.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 416.04999999999995 m 272 416.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 422.04999999999995 m 322 422.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 416.04999999999995 m 322 416.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 422.04999999999995 m 372 422.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 416.04999999999995 m 372 416.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 422.04999999999995 m 422 422.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 416.04999999999995 m 422 416.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 422.04999999999995 m 472 422.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 416.04999999999995 m 472 416.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 422.04999999999995 m 522 422.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 416.04999999999995 m 522 416.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 326.04999999999995 m 222 326.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 311.04999999999995 m 222 311.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 326.04999999999995 m 272 326.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 311.04999999999995 m 272 311.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 326.04999999999995 m 322 326.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 311.04999999999995 m 322 311.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 326.04999999999995 m 372 326.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 311.04999999999995 m 372 311.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 326.04999999999995 m 422 326.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 311.04999999999995 m 422 311.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 326.04999999999995 m 472 326.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 311.04999999999995 m 472 311.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 326.04999999999995 m 522 326.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 311.04999999999995 m 522 311.04999999999995 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 457.80 487.48 Td (Q1) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 450.70 477.28 Td (2018) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 507.80 487.48 Td (Q1) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 500.70 477.28 Td (2017) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.5019607843137255 0.5019607843137255 0.5019607843137255 rg BT 79.50 462.28 Td ($ million) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.50 447.28 Td (The United States) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 455.45 447.33 Td (451) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 505.45 447.33 Td (398) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 79.50 434.48 Td (A) Tj ET Q q 0 0 0 rg BT 84.69 434.48 Td (verage U.S. dollar exchange rate) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 79.50 426.48 Td (\(euro per U.S. dollar\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 444.30 426.28 Td (0.8139) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 494.30 426.28 Td (0.9387) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.5019607843137255 0.5019607843137255 0.5019607843137255 rg BT 79.50 405.28 Td ( million) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.50 390.28 Td (The United States) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 455.45 390.33 Td (366) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 505.45 390.33 Td (374) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 375.28 Td (The Netherlands) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 455.45 375.33 Td (162) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 505.45 375.33 Td (168) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 360.28 Td (Belgium) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 459.90 360.28 Td (25) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 509.90 360.28 Td (26) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 345.28 Td (Central and Southeastern Europe) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 459.90 345.28 Td (43) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 509.90 345.28 Td (41) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 330.28 Td (Global Support Of) Tj ET Q q 0 0 0 rg BT 143.39 330.28 Td (fice) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 457.20 330.33 Td (\(22) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 468.80 330.28 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 507.20 330.33 Td (\(40) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 518.80 330.28 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 315.28 Td (Ahold Delhaize Group) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.45 315.33 Td (574) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.45 315.33 Td (569) Tj ET Q BT /F5 8.00 Tf ET /GS0 gs q 96.23 0 0 35.00 75.55 778.67 cm /I17 Do Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 287.55 Td (5. Net sales) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 263.55 Td (Q1 2018) Tj ET Q 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 272.00 253.05 52.00 -33.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 324.00 253.05 52.00 -33.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 376.00 253.05 52.00 -33.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 428.00 253.05 55.00 -33.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 483.00 253.05 52.00 -33.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 253.04999999999995 m 272 253.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 220.04999999999995 m 272 220.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 253.04999999999995 m 324 220.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 253.04999999999995 m 324 253.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 220.04999999999995 m 324 220.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 253.04999999999995 m 324 220.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 253.04999999999995 m 376 220.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 253.04999999999995 m 376 253.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 220.04999999999995 m 376 220.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 253.04999999999995 m 376 220.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 253.04999999999995 m 428 220.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 253.04999999999995 m 428 253.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 220.04999999999995 m 428 220.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 253.04999999999995 m 428 220.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 253.04999999999995 m 483 220.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 253.04999999999995 m 483 253.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 220.04999999999995 m 483 220.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 253.04999999999995 m 483 220.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535 253.04999999999995 m 535 220.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 253.04999999999995 m 535 253.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 220.04999999999995 m 535 220.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 141.04999999999995 m 272 141.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 141.04999999999995 m 324 141.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 141.04999999999995 m 376 141.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 141.04999999999995 m 428 141.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 141.04999999999995 m 483 141.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 141.04999999999995 m 535 141.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 141.04999999999995 m 272 141.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 126.04999999999995 m 272 126.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 141.04999999999995 m 324 141.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 126.04999999999995 m 324 126.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 141.04999999999995 m 376 141.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 126.04999999999995 m 376 126.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 141.04999999999995 m 428 141.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 126.04999999999995 m 428 126.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 141.04999999999995 m 483 141.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 126.04999999999995 m 483 126.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 141.04999999999995 m 535 141.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 126.04999999999995 m 535 126.04999999999995 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.5019607843137255 0.5019607843137255 0.5019607843137255 rg BT 79.50 224.28 Td ( million) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 281.35 234.48 Td (The United) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 297.80 224.28 Td (States) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 358.70 234.48 Td (The) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 329.35 224.28 Td (Netherlands) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 395.55 224.28 Td (Belgium) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 438.10 244.73 Td (Central and) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 431.90 234.53 Td (Southeastern) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 453.70 224.28 Td (Europe) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 511.00 244.73 Td (Ahold) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 500.35 234.53 Td (Delhaize) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 509.25 224.28 Td (Group) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.50 205.28 Td (Sales from owned stores) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 300.75 205.33 Td (8,603) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 352.75 205.33 Td (2,254) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 411.45 205.33 Td (620) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 459.75 205.33 Td (1,400) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 507.30 205.33 Td (12,877) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 190.28 Td (Sales and fees to franchisees / af) Tj ET Q q 0 0 0 rg BT 197.72 190.28 Td (filiates) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 312.75 190.28 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 359.45 190.33 Td (712) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 411.45 190.33 Td (605) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 470.90 190.28 Td (29) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.75 190.33 Td (1,346) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 175.28 Td (Online sales) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 307.45 175.28 Td (181) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 359.45 175.33 Td (434) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 415.90 175.28 Td (12) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 475.30 175.28 Td (4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 518.45 175.33 Td (631) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 160.28 Td (Wholesale sales) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 311.90 160.33 Td (30) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 364.75 160.28 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 420.30 160.28 Td (4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 475.30 160.28 Td (8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.90 160.28 Td (42) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 145.28 Td (Other sales) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 311.90 145.33 Td (25) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 368.30 145.28 Td (8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 420.30 145.28 Td (4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 471.75 145.28 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.90 145.28 Td (37) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 130.28 Td (Net sales) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.75 130.33 Td (8,839) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.75 130.33 Td (3,408) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.75 130.33 Td (1,245) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.75 130.33 Td (1,441) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.30 130.33 Td (14,933) Tj ET Q BT /F4 10.00 Tf ET endstream endobj 35 0 obj <> endobj 36 0 obj <> stream 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 816.15 m 73.05 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.05 816.15 m 237.05 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 816.15 m 237.05 816.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 775.15 m 237.05 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.05 775.15 m 269.05 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.05 775.15 m 536.05 775.15 l s BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.7843137254901961 0.11764705882352941 rg BT 378.05 796.37 Td (Interim report, First quarter 2018) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 239.55 778.37 Td (Interim financial statements) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 43.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 405.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 43 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553.3 58 m 553.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 553.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 43 m 553.3 43 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 508.85 47.23 Td (Page 17/24) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 754.15 Td (Q1 2017) Tj ET Q 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 272.00 743.65 52.00 -33.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 324.00 743.65 52.00 -33.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 376.00 743.65 52.00 -33.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 428.00 743.65 55.00 -33.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 483.00 743.65 52.00 -33.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 743.65 m 272 743.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 710.65 m 272 710.65 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 743.65 m 324 710.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 743.65 m 324 743.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 710.65 m 324 710.65 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 743.65 m 324 710.65 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 743.65 m 376 710.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 743.65 m 376 743.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 710.65 m 376 710.65 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 743.65 m 376 710.65 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 743.65 m 428 710.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 743.65 m 428 743.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 710.65 m 428 710.65 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 743.65 m 428 710.65 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 743.65 m 483 710.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 743.65 m 483 743.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 710.65 m 483 710.65 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 743.65 m 483 710.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535 743.65 m 535 710.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 743.65 m 535 743.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 710.65 m 535 710.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 631.65 m 272 631.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 631.65 m 324 631.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 631.65 m 376 631.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 631.65 m 428 631.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 631.65 m 483 631.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 631.65 m 535 631.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 631.65 m 272 631.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 616.65 m 272 616.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 631.65 m 324 631.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 616.65 m 324 616.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 631.65 m 376 631.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 616.65 m 376 616.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 631.65 m 428 631.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 616.65 m 428 616.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 631.65 m 483 631.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 616.65 m 483 616.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 631.65 m 535 631.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 616.65 m 535 616.65 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.5019607843137255 0.5019607843137255 0.5019607843137255 rg BT 79.50 714.88 Td ( million) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 281.35 725.08 Td (The United) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 297.80 714.88 Td (States) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 358.70 725.08 Td (The) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 329.35 714.88 Td (Netherlands) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 395.55 714.88 Td (Belgium) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 438.10 735.33 Td (Central and) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 431.90 725.13 Td (Southeastern) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 453.70 714.88 Td (Europe) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 511.00 735.33 Td (Ahold) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 500.35 725.13 Td (Delhaize) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 509.25 714.88 Td (Group) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.50 695.88 Td (Sales from owned stores) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 167.54 699.69 Td (1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 300.75 695.93 Td (9,737) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 352.75 695.93 Td (2,263) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 411.45 695.93 Td (600) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 459.75 695.93 Td (1,334) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 507.30 695.93 Td (13,934) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 680.88 Td (Sales and fees to franchisees / af) Tj ET Q q 0 0 0 rg BT 197.72 680.88 Td (filiates) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 312.75 680.88 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 359.45 680.93 Td (698) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 411.45 680.93 Td (570) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 470.90 680.88 Td (31) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.75 680.93 Td (1,299) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 665.88 Td (Online sales) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 123.52 669.69 Td (1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 307.45 665.88 Td (191) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 359.45 665.93 Td (350) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 415.90 665.88 Td (10) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 475.30 665.88 Td (3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 518.45 665.93 Td (554) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 650.88 Td (Wholesale sales) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 311.90 650.93 Td (32) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 364.75 650.88 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 420.30 650.88 Td (3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 475.30 650.88 Td (7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.90 650.88 Td (42) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 635.88 Td (Other sales) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 311.90 635.93 Td (29) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 368.30 635.88 Td (9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 420.30 635.88 Td (3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 471.75 635.88 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.90 635.88 Td (41) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 620.88 Td (Net sales) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.75 620.93 Td (9,989) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.75 620.93 Td (3,320) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.75 620.93 Td (1,186) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.75 620.93 Td (1,375) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.30 620.93 Td (15,870) Tj ET Q BT /F2 10.00 Tf ET BT /F5 8.00 Tf ET q 0 0 0 rg BT 94.50 604.55 Td (1. ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 112.50 604.55 Td (Comparable numbers have been adjusted to reflect the updated online sales definition.) Tj ET Q /GS0 gs q 96.23 0 0 35.00 75.55 778.67 cm /I18 Do Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 580.55 Td (6. Expenses by nature) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 564.75 Td (The aggregate of cost of sales and operating expenses is specified by nature as follows:) Tj ET Q 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 422.00 548.25 50.00 -23.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 472.00 548.25 50.00 -23.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 548.25 m 322 548.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 525.25 m 322 525.25 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 548.25 m 322 525.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 548.25 m 372 548.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 525.25 m 372 525.25 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 548.25 m 422 525.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 548.25 m 422 548.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 525.25 m 422 525.25 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 548.25 m 422 525.25 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 548.25 m 472 525.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 548.25 m 472 548.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 525.25 m 472 525.25 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 548.25 m 472 525.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522 548.25 m 522 525.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 548.25 m 522 548.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 525.25 m 522 525.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 416.25 m 322 416.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 401.25 m 322 401.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 416.25 m 372 416.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 401.25 m 372 401.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 416.25 m 422 416.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 401.25 m 422 401.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 416.25 m 472 416.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 401.25 m 472 401.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 416.25 m 522 416.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 401.25 m 522 401.25 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.5019607843137255 0.5019607843137255 0.5019607843137255 rg BT 79.50 529.48 Td ( million) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 457.80 539.68 Td (Q1) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 450.70 529.48 Td (2018) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 507.80 539.68 Td (Q1) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 500.70 529.48 Td (2017) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.50 510.48 Td (Cost of product) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 444.30 510.53 Td (10,419) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 494.30 510.53 Td (1) Tj ET Q q 0 0 0 rg BT 498.75 510.53 Td (1,132) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 495.48 Td (Labor costs) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 448.75 495.53 Td (2,162) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 498.75 495.53 Td (2,312) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 480.48 Td (Other operational expenses) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 448.75 480.53 Td (1,1) Tj ET Q q 0 0 0 rg BT 459.87 480.53 Td (1) Tj ET Q q 0 0 0 rg BT 464.32 480.53 Td (1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 498.75 480.53 Td (1,170) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 465.48 Td (Depreciation and amortization) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 455.45 465.53 Td (437) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 505.45 465.53 Td (455) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 450.48 Td (Rent expenses and income net) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 455.45 450.53 Td (227) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 505.45 450.53 Td (243) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 435.48 Td (Impairment losses and reversals net) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 464.30 435.48 Td (4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 514.35 435.53 Td (8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 420.48 Td (\(Gains\) losses on the sale of assets net) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 461.65 420.48 Td (\(1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 468.80 420.48 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 507.20 420.53 Td (\(19) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 518.80 420.48 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 405.48 Td (T) Tj ET Q q 0 0 0 rg BT 83.79 405.48 Td (otal expenses by nature) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.30 405.53 Td (14,359) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.30 405.53 Td (15,301) Tj ET Q BT /F5 8.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 377.75 Td (7. Income taxes) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 361.95 Td (The decrease in income tax expense and the ef) Tj ET Q q 0 0 0 rg BT 287.01 361.95 Td (fective tax rate for Q1 2018 is mainly caused by the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 349.15 Td (reduction of the U.S. and Belgian statutory tax rates.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 324.35 Td (8. Equity attributable to common shareholders) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 76.50 306.35 Td (Dividend on common shares) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 290.55 Td (On ) Tj ET Q q 0 0 0 rg BT 92.07 290.55 Td (April 1) Tj ET Q q 0 0 0 rg BT 119.67 290.55 Td (1, 2018, the General Meeting of Shareholders approved the dividend over 2017 of 0.63 per ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 277.75 Td (common share. ) Tj ET Q q 0 0 0 rg BT 148.01 277.75 Td (This dividend was paid on ) Tj ET Q q 0 0 0 rg BT 265.31 277.75 Td (April 26, 2018.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 76.50 259.75 Td (Share buyback 2018) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 244.55 Td (On January 2, 2018, the Company commenced the 2 billion sharebuybackprogram that was ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 232.35 Td (announced on November 8, 2017. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 230.50 232.35 Td (In total 25,524,504 of the Company's own shares were repurchased ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 220.15 Td (at an average price of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 176.01 220.15 Td (18.06 per share. ) Tj ET Q q 0 0 0 rg BT 256.99 220.15 Td (The program is expectedto be completed before the end of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 207.95 Td (2018.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 101.52 207.95 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 189.65 Td (The number of outstanding common shares as of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 296.62 189.65 Td (April 1, 2018) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 352.77 189.65 Td (, was ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 378.89 189.65 Td (1,204,431,921) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 442.84 189.65 Td ( \() Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 448.95 189.65 Td (December 31, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 176.85 Td (2017) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 98.75 176.85 Td (: ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 104.30 176.85 Td (1,227,589,734) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 168.25 176.85 Td (\). ) Tj ET Q endstream endobj 37 0 obj <> endobj 38 0 obj <> stream 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 816.15 m 73.05 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.05 816.15 m 237.05 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 816.15 m 237.05 816.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 775.15 m 237.05 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.05 775.15 m 269.05 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.05 775.15 m 536.05 775.15 l s BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.7843137254901961 0.11764705882352941 rg BT 378.05 796.37 Td (Interim report, First quarter 2018) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 239.55 778.37 Td (Interim financial statements) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 43.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 405.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 43 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553.3 58 m 553.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 553.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 43 m 553.3 43 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 508.85 47.23 Td (Page 18/24) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 754.15 Td (9. Cash) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 738.35 Td (The following table presents the reconciliation between the cash and cash equivalents as presented in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 725.55 Td (the statement of cash flows and on the balance sheet:) Tj ET Q 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 420.00 709.05 58.00 -23.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 478.00 709.05 57.00 -23.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 709.05 m 420 709.05 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 686.05 m 420 686.05 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 709.05 m 420 686.05 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 709.05 m 478 686.05 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 709.05 m 478 709.05 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 686.05 m 478 686.05 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 709.05 m 478 686.05 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535 709.05 m 535 686.05 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 709.05 m 535 709.05 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 686.05 m 535 686.05 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 652.05 m 420 652.05 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 637.05 m 420 637.05 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 652.05 m 478 652.05 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 637.05 m 478 637.05 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 652.05 m 535 652.05 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 637.05 m 535 637.05 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.5019607843137255 0.5019607843137255 0.5019607843137255 rg BT 79.50 690.28 Td ( million) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 449.60 700.48 Td (April 1,) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 456.70 690.28 Td (2018) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 481.25 700.48 Td (December 31,) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 513.70 690.28 Td (2017) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.50 671.28 Td (Cash and cash equivalents as presented in the statement of cash flows) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 454.75 671.33 Td (5,907) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.75 671.33 Td (4,542) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 656.28 Td (Restricted cash) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 465.90 656.28 Td (37) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.90 656.28 Td (39) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 641.28 Td (Cash and cash equivalents as presented on the balance sheet) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 300.54 645.09 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.75 641.33 Td (5,944) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.75 641.33 Td (4,581) Tj ET Q BT /F4 10.00 Tf ET BT /F5 8.00 Tf ET q 0 0 0 rg BT 76.50 621.95 Td (1. ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 94.50 621.95 Td (Cash and cash equivalents include an amount held under notional cash pooling arrangement of ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 434.29 621.95 Td (2,087 million) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 483.65 621.95 Td ( \() Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 488.54 621.95 Td (December ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 94.50 612.35 Td (31, 2017) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 125.64 612.35 Td (: ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 130.09 612.35 Td (1,367 million) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 179.45 612.35 Td (\). This cash amount is fully offset by an identical amount included under Other current financial ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 94.50 602.75 Td (liabilities.) Tj ET Q /GS0 gs q 96.23 0 0 35.00 75.55 778.67 cm /I19 Do Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 578.75 Td (10. Financial instruments ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 76.50 560.75 Td (Fair values of financial instruments) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 544.95 Td (The following table presents the fair values of financial instruments, based on ) Tj ET Q q 0 0 0 rg BT 420.03 544.95 Td (Ahold Delhaize) Tj ET Q q 0 0 0 rg BT 489.34 544.95 Td (s ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 532.15 Td (categories of financial instruments, including current portions, compared to the carrying amounts at ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 519.35 Td (which these instruments are included on the balance sheet:) Tj ET Q 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 335.00 502.85 100.00 -15.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 435.00 502.85 100.00 -15.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 335.00 487.85 50.00 -21.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 385.00 487.85 50.00 -21.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 435.00 487.85 50.00 -21.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 485.00 487.85 50.00 -21.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 502.84999999999997 m 335 502.84999999999997 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 502.84999999999997 m 335 487.84999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 502.84999999999997 m 385 502.84999999999997 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 487.84999999999997 m 385 487.84999999999997 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 502.84999999999997 m 435 487.84999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 502.84999999999997 m 435 502.84999999999997 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 487.84999999999997 m 435 487.84999999999997 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 502.84999999999997 m 435 487.84999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 502.84999999999997 m 485 502.84999999999997 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 487.84999999999997 m 485 487.84999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535 502.84999999999997 m 535 487.84999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 502.84999999999997 m 535 502.84999999999997 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 487.84999999999997 m 535 487.84999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 466.84999999999997 m 335 466.84999999999997 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 487.84999999999997 m 335 466.84999999999997 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 487.84999999999997 m 385 466.84999999999997 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 487.84999999999997 m 385 487.84999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 466.84999999999997 m 385 466.84999999999997 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 487.84999999999997 m 385 466.84999999999997 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 487.84999999999997 m 435 466.84999999999997 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 487.84999999999997 m 435 487.84999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 466.84999999999997 m 435 466.84999999999997 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 487.84999999999997 m 435 466.84999999999997 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 487.84999999999997 m 485 466.84999999999997 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 487.84999999999997 m 485 487.84999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 466.84999999999997 m 485 466.84999999999997 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 487.84999999999997 m 485 466.84999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535 487.84999999999997 m 535 466.84999999999997 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 487.84999999999997 m 535 487.84999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 466.84999999999997 m 535 466.84999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 417.84999999999997 m 335 417.84999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 417.84999999999997 m 385 417.84999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 417.84999999999997 m 435 417.84999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 417.84999999999997 m 485 417.84999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 417.84999999999997 m 535 417.84999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 357.84999999999997 m 335 357.84999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 342.84999999999997 m 335 342.84999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 357.84999999999997 m 385 357.84999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 342.84999999999997 m 385 342.84999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 357.84999999999997 m 435 357.84999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 342.84999999999997 m 435 342.84999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 357.84999999999997 m 485 357.84999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 342.84999999999997 m 485 342.84999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 357.84999999999997 m 535 357.84999999999997 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 342.84999999999997 m 535 342.84999999999997 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.5019607843137255 0.5019607843137255 0.5019607843137255 rg BT 79.50 472.58 Td ( million) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 362.00 492.08 Td (April 1, 2018) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 449.35 492.08 Td (December 31, 2017) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 351.25 479.53 Td (Carrying) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 354.80 469.33 Td (amount) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 417.70 479.53 Td (Fair) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 412.35 469.33 Td (value) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 451.25 479.53 Td (Carrying) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 454.80 469.33 Td (amount) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 517.70 479.53 Td (Fair) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 512.35 469.33 Td (value) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.50 452.08 Td (Loans receivable) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 372.90 452.08 Td (57) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 422.90 452.08 Td (63) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 472.90 452.08 Td (59) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.90 452.08 Td (65) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 437.08 Td (T) Tj ET Q q 0 0 0 rg BT 84.24 437.08 Td (rade and other \(non-\)current receivables) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 361.75 437.13 Td (1,527) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 411.75 437.13 Td (1,527) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 461.75 437.13 Td (1,605) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.75 437.13 Td (1,605) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 422.08 Td (Reinsurance assets) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 368.45 422.13 Td (194) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 418.45 422.13 Td (194) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 468.45 422.13 Td (195) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 518.45 422.13 Td (195) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 407.08 Td (T) Tj ET Q q 0 0 0 rg BT 83.94 407.08 Td (otal loans and receivables) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 361.75 407.13 Td (1,778) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 411.75 407.13 Td (1,784) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 461.75 407.13 Td (1,859) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.75 407.13 Td (1,865) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 392.08 Td (Cash and cash equivalents) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 361.75 392.13 Td (5,944) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 411.75 392.13 Td (5,944) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 461.75 392.13 Td (4,581) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.75 392.13 Td (4,581) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 377.08 Td (Short-term deposits and similar instruments) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 372.90 377.08 Td (32) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 422.90 377.08 Td (32) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 477.30 377.08 Td (9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 527.35 377.13 Td (9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 362.08 Td (Investments in debt instruments) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 368.45 362.13 Td (161) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 418.45 362.13 Td (161) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 468.45 362.13 Td (167) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 518.45 362.13 Td (167) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 347.08 Td (T) Tj ET Q q 0 0 0 rg BT 83.79 347.08 Td (otal financial assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.75 347.13 Td (7,915) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.75 347.13 Td (7,921) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.75 347.13 Td (6,616) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.75 347.13 Td (6,622) Tj ET Q BT /F4 10.00 Tf ET 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 335.00 329.85 100.00 -15.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 435.00 329.85 100.00 -15.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 335.00 314.85 50.00 -21.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 385.00 314.85 50.00 -21.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 435.00 314.85 50.00 -21.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 485.00 314.85 50.00 -21.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 329.85 m 335 329.85 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 329.85 m 335 314.85 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 329.85 m 385 329.85 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 314.85 m 385 314.85 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 329.85 m 435 314.85 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 329.85 m 435 329.85 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 314.85 m 435 314.85 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 329.85 m 435 314.85 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 329.85 m 485 329.85 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 314.85 m 485 314.85 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535 329.85 m 535 314.85 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 329.85 m 535 329.85 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 314.85 m 535 314.85 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 293.85 m 335 293.85 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 314.85 m 335 293.85 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 314.85 m 385 293.85 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 314.85 m 385 314.85 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 293.85 m 385 293.85 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 314.85 m 385 293.85 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 314.85 m 435 293.85 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 314.85 m 435 314.85 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 293.85 m 435 293.85 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 314.85 m 435 293.85 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 314.85 m 485 293.85 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 314.85 m 485 314.85 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 293.85 m 485 293.85 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 314.85 m 485 293.85 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535 314.85 m 535 293.85 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 314.85 m 535 314.85 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 293.85 m 535 293.85 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 109.85000000000002 m 335 109.85000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 109.85000000000002 m 385 109.85000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 109.85000000000002 m 435 109.85000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 109.85000000000002 m 485 109.85000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 109.85000000000002 m 535 109.85000000000002 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 79.85000000000002 m 335 79.85000000000002 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 79.85000000000002 m 385 79.85000000000002 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 79.85000000000002 m 435 79.85000000000002 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 79.85000000000002 m 485 79.85000000000002 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 79.85000000000002 m 535 79.85000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 79.85000000000002 m 335 79.85000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 64.85000000000002 m 335 64.85000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 79.85000000000002 m 385 79.85000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 64.85000000000002 m 385 64.85000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 79.85000000000002 m 435 79.85000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 64.85000000000002 m 435 64.85000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 79.85000000000002 m 485 79.85000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 64.85000000000002 m 485 64.85000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 79.85000000000002 m 535 79.85000000000002 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 64.85000000000002 m 535 64.85000000000002 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.5019607843137255 0.5019607843137255 0.5019607843137255 rg BT 79.50 299.58 Td ( million) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 362.00 319.08 Td (April 1, 2018) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 449.35 319.08 Td (December 31, 2017) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 351.25 306.53 Td (Carrying) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 354.80 296.33 Td (amount) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 417.70 306.53 Td (Fair) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 412.35 296.33 Td (value) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 451.25 306.53 Td (Carrying) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 454.80 296.33 Td (amount) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 517.70 306.53 Td (Fair) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 512.35 296.33 Td (value) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.50 279.08 Td (Notes) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 359.05 279.08 Td (\(4,136) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 381.80 279.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 409.05 279.08 Td (\(4,189) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 431.80 279.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 459.05 279.08 Td (\(3,407) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 279.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 509.10 279.13 Td (\(3,518) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 279.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 264.08 Td (Other loans) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 374.65 264.08 Td (\(3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 381.80 264.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 424.65 264.08 Td (\(3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 431.80 264.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 474.65 264.08 Td (\(3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 264.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 524.65 264.08 Td (\(3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 264.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 249.08 Td (Financing obligations) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 365.75 249.13 Td (\(284) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 381.80 249.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 415.75 249.13 Td (\(249) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 431.80 249.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 465.75 249.13 Td (\(325) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 249.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 515.75 249.13 Td (\(291) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 249.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 234.08 Td (Mortgages payable) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 365.75 234.13 Td (\(104) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 381.80 234.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 415.75 234.13 Td (\(123) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 431.80 234.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 470.20 234.13 Td (\(22) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 234.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 520.20 234.13 Td (\(23) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 234.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 219.08 Td (Finance lease liabilities) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 359.05 219.08 Td (\(1,524) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 381.80 219.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 409.05 219.08 Td (\(1,805) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 431.80 219.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 459.05 219.08 Td (\(1,607) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 219.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 509.10 219.13 Td (\(1,932) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 219.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 204.08 Td (Cumulative preferred financing shares) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 365.75 204.13 Td (\(455) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 381.80 204.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 415.75 204.13 Td (\(487) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 431.80 204.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 465.75 204.13 Td (\(455) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 204.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 515.75 204.13 Td (\(491) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 204.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 189.08 Td (Dividend cumulative preferred financing shares) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 370.20 189.13 Td (\(22) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 381.80 189.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 420.20 189.13 Td (\(22) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 431.80 189.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 470.20 189.13 Td (\(18) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 189.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 520.20 189.13 Td (\(18) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 189.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 174.08 Td (Accounts payable) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 359.05 174.08 Td (\(4,965) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 381.80 174.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 409.05 174.08 Td (\(4,965) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 431.80 174.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 459.05 174.08 Td (\(5,277) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 174.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 509.10 174.13 Td (\(5,277) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 174.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 159.08 Td (Short-term borrowings) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 359.05 159.08 Td (\(2,156) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 381.80 159.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 409.05 159.08 Td (\(2,156) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 431.80 159.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 459.05 159.08 Td (\(1,432) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 159.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 509.10 159.13 Td (\(1,432) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 159.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 144.08 Td (Interest payable) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 370.20 144.13 Td (\(58) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 381.80 144.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 420.20 144.13 Td (\(58) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 431.80 144.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 470.20 144.13 Td (\(40) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 144.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 520.20 144.13 Td (\(40) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 144.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 129.08 Td (Reinsurance liabilities) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 365.75 129.13 Td (\(204) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 381.80 129.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 415.75 129.13 Td (\(204) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 431.80 129.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 465.75 129.13 Td (\(205) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 129.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 515.75 129.13 Td (\(205) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 129.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 114.08 Td (Other) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 370.20 114.13 Td (\(73) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 381.80 114.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 420.20 114.13 Td (\(77) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 431.80 114.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 470.20 114.13 Td (\(75) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 114.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 520.20 114.13 Td (\(81) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 114.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 99.08 Td (T) Tj ET Q q 0 0 0 rg BT 83.50 99.08 Td (otal non-derivative financial liabilities) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 354.65 99.08 Td (\(13,984) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 381.80 99.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 404.65 99.08 Td (\(14,338) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 431.80 99.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 454.65 99.08 Td (\(12,866) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 99.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 504.65 99.08 Td (\(13,31) Tj ET Q q 0 0 0 rg BT 527.33 99.08 Td (1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 99.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 84.08 Td (Derivatives) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 370.20 84.13 Td (\(10) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 381.80 84.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 420.20 84.13 Td (\(10) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 431.80 84.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 470.20 84.13 Td (\(18) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 84.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 520.20 84.13 Td (\(18) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 84.08 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 69.08 Td (T) Tj ET Q q 0 0 0 rg BT 83.79 69.08 Td (otal financial liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.65 69.08 Td (\(13,994) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.80 69.08 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.65 69.08 Td (\(14,348) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.80 69.08 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.65 69.08 Td (\(12,884) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.80 69.08 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.65 69.08 Td (\(13,329) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 531.80 69.08 Td (\)) Tj ET Q BT /F4 10.00 Tf ET endstream endobj 39 0 obj <> endobj 40 0 obj <> stream 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 816.15 m 73.05 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.05 816.15 m 237.05 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 816.15 m 237.05 816.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 775.15 m 237.05 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.05 775.15 m 269.05 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.05 775.15 m 536.05 775.15 l s BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.7843137254901961 0.11764705882352941 rg BT 378.05 796.37 Td (Interim report, First quarter 2018) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 239.55 778.37 Td (Interim financial statements) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 43.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 405.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 43 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553.3 58 m 553.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 553.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 43 m 553.3 43 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 508.85 47.23 Td (Page 19/24) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F5 10.00 Tf ET q 0 0 0 rg BT 76.50 754.15 Td (Issuance of EUR 800 million dual tranche debt offering of fixed rate notes and floating rate notes ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 738.35 Td (On March 19, 2018, ) Tj ET Q q 0 0 0 rg BT 167.11 738.35 Td (Ahold Delhaize issued 500 million fixed rate notes due in 2026 and 300 million ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 725.55 Td (floating rate notes due in 2021. ) Tj ET Q q 0 0 0 rg BT 216.42 725.55 Td (The 8-year fixed rate notes bear a coupon of 1.125% per annum and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 712.75 Td (were issued at a price of 99.107% of the nominal value. ) Tj ET Q q 0 0 0 rg BT 324.80 712.75 Td (The 3-year floating rate notes bear a coupon of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 699.95 Td (18 basis points over 3-month EURIBOR per annum and were issued at a price of 100.449% of the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 687.15 Td (nominal value. ) Tj ET Q q 0 0 0 rg BT 143.58 687.15 Td (The net proceeds from the of) Tj ET Q q 0 0 0 rg BT 271.80 687.15 Td (fering will be used for the refinancing of existing debt and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 674.35 Td (for general corporate purposes.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 76.50 655.55 Td (Changes in short-term loans) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 636.75 Td (Short term borrowings at ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 188.77 636.75 Td (2,156 million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 250.47 636.75 Td ( were ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 277.70 636.75 Td (724 million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 331.07 636.75 Td ( higher compared to Q4 2017, which is ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 623.95 Td (primarily due to the increase of the overdraft position of a notional cash pooling arrangement. ) Tj ET Q q 0 0 0 rg BT 490.45 623.95 Td (The debit ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 611.15 Td (and credit balances within the cash pooling arrangement are presented on a gross basis on the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 598.35 Td (balance sheet. ) Tj ET Q q 0 0 0 rg BT 144.15 598.35 Td (The increase of the overdraft position is fully of) Tj ET Q q 0 0 0 rg BT 350.74 598.35 Td (fset by an identical amount included ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 585.55 Td (under cash and cash equivalents.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 76.50 567.55 Td (Financial assets and liabilities measured at fair value on the balance sheet) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 551.75 Td (Of ) Tj ET Q q 0 0 0 rg BT 89.28 551.75 Td (Ahold Delhaize) Tj ET Q q 0 0 0 rg BT 158.59 551.75 Td (s categories of financial instruments, only derivatives, investments in debt ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 538.95 Td (instruments and reinsurance assets \(liabilities\) are measured and recognized on the balance sheet at ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 526.15 Td (fair value. ) Tj ET Q q 0 0 0 rg BT 122.45 526.15 Td (These fair value measurements are categorized within Level 2 of the fair value hierarchy) Tj ET Q q 0 0 0 rg BT 511.91 526.15 Td (. ) Tj ET Q q 0 0 0 rg BT 517.29 526.15 Td (The ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 513.35 Td (Company uses inputs other than quoted prices that are observable for the asset or liability) Tj ET Q q 0 0 0 rg BT 473.20 513.35 Td (, either ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 500.55 Td (directly \(i.e., as prices\) or indirectly \(i.e., derived from prices\). ) Tj ET Q q 0 0 0 rg BT 349.17 500.55 Td (The fair value of derivative instruments is ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 487.75 Td (measured by using either a market or income approach \(mainly present value techniques\). Foreign ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 474.95 Td (currency forward contracts are measured using quoted forward exchange rates and yield curves ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 462.15 Td (derived from quoted interest rates that match the maturity of the contracts. Interest rate swaps are ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 449.35 Td (measured at the present value of expected future cash flows. Expected future cash flows are ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 436.55 Td (discounted by using the applicable yield curves derived from quoted interest rates.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 440.04 436.55 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 417.75 Td (T) Tj ET Q q 0 0 0 rg BT 81.50 417.75 Td (o the extent that no cash collateral is contractually required, the valuation of ) Tj ET Q q 0 0 0 rg BT 417.81 417.75 Td (Ahold Delhaize) Tj ET Q q 0 0 0 rg BT 487.12 417.75 Td (s ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 404.95 Td (derivative instruments is adjusted for the credit risk of the counterparty) Tj ET Q q 0 0 0 rg BT 386.46 404.95 Td (, called Credit V) Tj ET Q q 0 0 0 rg BT 456.30 404.95 Td (aluation ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 392.15 Td (Adjustment \(CV) Tj ET Q q 0 0 0 rg BT 145.78 392.15 Td (A\), and adjusted for ) Tj ET Q q 0 0 0 rg BT 235.28 392.15 Td (Ahold Delhaize's own credit risk, called Debit V) Tj ET Q q 0 0 0 rg BT 442.66 392.15 Td (aluation ) Tj ET Q q 0 0 0 rg BT 479.91 392.15 Td (Adjustment ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 379.35 Td (\(DV) Tj ET Q q 0 0 0 rg BT 92.98 379.35 Td (A\). ) Tj ET Q q 0 0 0 rg BT 108.36 379.35 Td (The valuation technique for the CV) Tj ET Q q 0 0 0 rg BT 261.60 379.35 Td (A) Tj ET Q q 0 0 0 rg BT 267.72 379.35 Td ( / DV) Tj ET Q q 0 0 0 rg BT 289.20 379.35 Td (A) Tj ET Q q 0 0 0 rg BT 295.32 379.35 Td ( calculation is based on relevant observable market ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 366.55 Td (inputs.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 105.96 366.55 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 347.75 Td (No CV) Tj ET Q q 0 0 0 rg BT 105.21 347.75 Td (A) Tj ET Q q 0 0 0 rg BT 111.33 347.75 Td ( / DV) Tj ET Q q 0 0 0 rg BT 132.81 347.75 Td (A) Tj ET Q q 0 0 0 rg BT 138.93 347.75 Td ( adjustments are made to the valuation of certain derivative instruments, for which both ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 334.95 Td (Ahold Delhaize and its counterparties are required to post or redeem cash collaterals if the value of a ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 322.15 Td (derivative exceeds a threshold defined in the contractual provisions. Such cash collaterals materially ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 309.35 Td (reduce the impact of both the counterparty and ) Tj ET Q q 0 0 0 rg BT 286.08 309.35 Td (Ahold Delhaize) Tj ET Q q 0 0 0 rg BT 355.39 309.35 Td (s own non-performance risk on the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 296.55 Td (value of the instrument. ) Tj ET Q q 0 0 0 rg BT 183.04 296.55 Td (The portion of outstanding derivatives that was collateralized is specified as ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 283.75 Td (follows:) Tj ET Q 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 421.00 273.25 57.00 -23.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 478.00 273.25 57.00 -23.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 273.25 m 421 273.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 250.25 m 421 250.25 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 273.25 m 421 250.25 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 273.25 m 478 250.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 273.25 m 478 273.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 250.25 m 478 250.25 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 273.25 m 478 250.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535 273.25 m 535 250.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 273.25 m 535 273.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 250.25 m 535 250.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 231.25 m 421 231.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 231.25 m 478 231.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 231.25 m 535 231.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 216.25 m 421 216.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 201.25 m 421 201.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 216.25 m 478 216.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 201.25 m 478 201.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 216.25 m 535 216.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 201.25 m 535 201.25 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.5019607843137255 0.5019607843137255 0.5019607843137255 rg BT 79.50 254.48 Td ( million) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 449.60 264.68 Td (April 1,) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 456.70 254.48 Td (2018) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 481.25 264.68 Td (December 31,) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 513.70 254.48 Td (2017) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.50 235.48 Td (Cross-currency interest rate swaps) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 465.90 235.48 Td (10) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.90 235.48 Td (18) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 220.48 Td (T) Tj ET Q q 0 0 0 rg BT 83.79 220.48 Td (otal net derivative liabilities subject to collateralization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.90 220.48 Td (10) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.90 220.48 Td (18) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 205.48 Td (Collateralized amount) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 466.75 205.48 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 523.75 205.48 Td () Tj ET Q BT /F4 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 185.95 Td (The carrying amount of trade and other \(non-\)current receivables, cash and cash equivalents, accounts ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 173.15 Td (payable, short-term deposits and similar instruments, and other current financial assets and liabilities ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 160.35 Td (approximate their fair values because of the short-term nature of these instruments and, for ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 147.55 Td (receivables, because any expected recoverability loss is reflected in an impairment loss. ) Tj ET Q q 0 0 0 rg BT 468.73 147.55 Td (The fair values ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 134.75 Td (of quoted borrowings for which an active market exists are based on) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 378.33 134.75 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 381.10 134.75 Td (quoted prices) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 441.14 134.75 Td ( at the end of the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 121.95 Td (reporting period. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 151.92 121.95 Td (The fair value of other non-derivative financial assets and liabilities that are not traded ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 109.15 Td (in an active market are estimated using discounted cash flow analyses based on) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 432.26 109.15 Td ( prevailing market ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 96.35 Td (rates. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 77.55 Td (The fair value of the cumulative preferred financing shares is measured as the present value of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 64.75 Td (expected future cash flows. Such cash flows include the dividend payments and the payments of the ) Tj ET Q /GS0 gs q 96.23 0 0 35.00 75.55 778.67 cm /I20 Do Q endstream endobj 41 0 obj <> endobj 42 0 obj <> stream 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 816.15 m 73.05 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.05 816.15 m 237.05 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 816.15 m 237.05 816.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73.05 775.15 m 237.05 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.05 775.15 m 269.05 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.05 775.15 m 536.05 775.15 l s BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.7843137254901961 0.11764705882352941 rg BT 378.05 796.37 Td (Interim report, First quarter 2018) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 239.55 778.37 Td (Interim financial statements) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 43.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 405.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 43 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553.3 58 m 553.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 553.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 43 m 553.3 43 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 508.85 47.23 Td (Page 20/24) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 754.15 Td (nominal value, plus paid-in capital. Expected future cash flows are discounted by using the yield curves ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 741.35 Td (derived from quoted interest rates and Credit Default Swap rates that match the maturity of the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 728.55 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 122.45 728.55 Td (The conditions for redemption and conversion of the cumulative preferred financing shares ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 715.75 Td (are disclosed in ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 148.76 715.75 Td (Note 22) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 183.79 715.75 Td ( of ) Tj ET Q q 0 0 0 rg BT 197.13 715.75 Td (Ahold Delhaize) Tj ET Q q 0 0 0 rg BT 266.44 715.75 Td (s ) Tj ET Q q 0 0 0 rg BT 273.66 715.75 Td (Annual Report 2017. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 367.99 715.75 Td (The accrued interest is included in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 702.95 Td (other current financial liabilities) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 213.23 702.95 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 216.01 702.95 Td (and not in the carrying amounts of non-derivative financial assets and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 690.15 Td (liabilities.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 117.07 690.15 Td ( ) Tj ET Q /GS0 gs q 96.23 0 0 35.00 75.55 778.67 cm /I21 Do Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 666.15 Td (1) Tj ET Q q 0 0 0 rg BT 81.51 666.15 Td (1. Commitments and contingencies ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 650.35 Td (A) Tj ET Q q 0 0 0 rg BT 82.62 650.35 Td ( comprehensive overview of commitments and contingencies as of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 379.42 650.35 Td (December 31, 2017) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 467.26 650.35 Td (, is included in ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 76.50 637.55 Td (Note 34) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 111.52 637.55 Td ( of ) Tj ET Q q 0 0 0 rg BT 124.87 637.55 Td (Ahold Delhaize) Tj ET Q q 0 0 0 rg BT 194.18 637.55 Td (s 2017 consolidated financial statements, part of ) Tj ET Q q 0 0 0 rg BT 410.42 637.55 Td (Ahold Delhaize's ) Tj ET Q q 0 0 0 rg BT 486.82 637.55 Td (Annual ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 624.75 Td (Report 2017 dated February 27, 2018. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 600.75 Td (12. Subsequent event) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 584.95 Td (There have been no significant subsequent events. ) Tj ET Q endstream endobj 43 0 obj <> endobj 44 0 obj <> stream 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 816.15 m 77 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 816.15 m 261 816.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 816.15 m 261 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 816.15 m 282 816.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 788.15 m 282 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 536 816.15 m 536 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282 816.15 m 536 816.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 788.15 m 77 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 775.15 m 261 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 775.15 m 282 775.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 536 788.15 m 536 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282 775.15 m 536 775.15 l s BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.7843137254901961 0.11764705882352941 rg BT 378.00 796.37 Td (Interim report, First quarter 2018) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 263.50 778.37 Td (Other information) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 43.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 405.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 43 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553.3 58 m 553.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 553.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 43 m 553.3 43 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 508.85 47.23 Td (Page 21/24) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 13.50 Tf ET q 0 0 0 rg BT 76.50 751.60 Td (Other financial and operating information) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 727.60 Td (Free cash flow) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 145.97 732.37 Td (1 ) Tj ET Q 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 434.00 717.10 50.00 -23.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 484.00 717.10 50.00 -23.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 717.0999999999999 m 334 717.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 694.0999999999999 m 334 694.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 717.0999999999999 m 334 694.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 717.0999999999999 m 384 717.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 694.0999999999999 m 384 694.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 717.0999999999999 m 434 694.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384 717.0999999999999 m 434 717.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384 694.0999999999999 m 434 694.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 717.0999999999999 m 434 694.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 717.0999999999999 m 484 694.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 717.0999999999999 m 484 717.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 694.0999999999999 m 484 694.0999999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 717.0999999999999 m 484 694.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 534 717.0999999999999 m 534 694.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 717.0999999999999 m 534 717.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 694.0999999999999 m 534 694.0999999999999 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 564.0999999999999 m 334 564.0999999999999 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 564.0999999999999 m 384 564.0999999999999 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384 564.0999999999999 m 434 564.0999999999999 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 564.0999999999999 m 484 564.0999999999999 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 564.0999999999999 m 534 564.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 564.0999999999999 m 334 564.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 549.0999999999999 m 334 549.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 564.0999999999999 m 384 564.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 549.0999999999999 m 384 549.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384 564.0999999999999 m 434 564.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384 549.0999999999999 m 434 549.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 564.0999999999999 m 484 564.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 549.0999999999999 m 484 549.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 564.0999999999999 m 534 564.0999999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 549.0999999999999 m 534 549.0999999999999 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.5019607843137255 0.5019607843137255 0.5019607843137255 rg BT 79.50 698.33 Td ( million) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 469.80 708.53 Td (Q1) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 462.70 698.33 Td (2018) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 519.80 708.53 Td (Q1) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 512.70 698.33 Td (2017) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.50 681.33 Td (Operating cash flows from continuing operations before changes in) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 673.33 Td (working capital and income taxes paid) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 460.75 673.38 Td (1,007) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 510.75 673.38 Td (1,001) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 658.33 Td (Changes in working capital) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 464.75 658.38 Td (\(203) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 480.80 658.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 514.75 658.38 Td (\(346) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 530.80 658.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 643.33 Td (Income taxes paid - net) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 469.20 643.38 Td (\(34) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 480.80 643.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 519.20 643.38 Td (\(28) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 530.80 643.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 628.33 Td (Purchase of non-current assets) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 464.75 628.38 Td (\(303) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 480.80 628.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 514.75 628.38 Td (\(431) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 530.80 628.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 613.33 Td (Divestments of assets / disposal groups held for sale) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 471.90 613.33 Td (13) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 521.90 613.33 Td (50) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 598.33 Td (Dividends received from joint ventures) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 472.75 598.33 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 526.35 598.38 Td (2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 583.33 Td (Interest received) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 471.90 583.33 Td (15) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 526.35 583.38 Td (9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 568.33 Td (Interest paid) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 469.20 568.38 Td (\(54) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 480.80 568.33 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 519.20 568.38 Td (\(60) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 530.80 568.33 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 553.33 Td (Free cash flow) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.45 553.38 Td (441) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.45 553.38 Td (197) Tj ET Q BT /F2 10.00 Tf ET BT /F5 8.00 Tf ET q 0 0 0 rg BT 76.50 537.00 Td (1. ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 94.50 537.00 Td (Free cash flow is an alternative performance measure. For a description of this alternative performance measure refer to ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 94.50 527.40 Td (section ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 122.07 527.40 Td (Use of alternative performance measures) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 268.80 527.40 Td ( at the end of this report.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 503.40 Td (Net debt) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 116.50 508.17 Td (1) Tj ET Q 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 421.00 492.90 57.00 -21.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 478.00 492.90 57.00 -21.00 re f /GS0 gs 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 492.9 m 368 471.9 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 492.9 m 368 492.9 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 471.9 m 368 471.9 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 492.9 m 421 492.9 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 471.9 m 421 471.9 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 492.9 m 421 471.9 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 492.9 m 478 471.9 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 492.9 m 478 492.9 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 471.9 m 478 471.9 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 492.9 m 478 471.9 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535 492.9 m 535 471.9 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 492.9 m 535 492.9 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 471.9 m 535 471.9 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 422.9 m 368 422.9 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 422.9 m 421 422.9 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 422.9 m 478 422.9 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 422.9 m 535 422.9 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 388.9 m 368 388.9 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 388.9 m 421 388.9 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 388.9 m 478 388.9 l s 0.22745098039215686 0.3764705882352941 0.6588235294117647 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 388.9 m 535 388.9 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 388.9 m 368 388.9 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 388.9 m 421 388.9 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 388.9 m 478 388.9 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 388.9 m 535 388.9 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 346.9 m 478 346.9 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 346.9 m 368 346.9 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 331.9 m 368 331.9 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 346.9 m 421 346.9 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 331.9 m 421 331.9 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 346.9 m 478 346.9 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 331.9 m 478 331.9 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 346.9 m 535 346.9 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 331.9 m 535 331.9 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.5019607843137255 0.5019607843137255 0.5019607843137255 rg BT 79.50 474.38 Td ( million) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 449.60 484.58 Td (April 1,) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 456.70 474.38 Td (2018) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 481.25 484.58 Td (December 31,) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 513.70 474.38 Td (2017) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.50 457.13 Td (Loans) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 454.75 457.18 Td (4,068) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.75 457.18 Td (3,289) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 442.13 Td (Finance lease liabilities) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 454.75 442.18 Td (1,353) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.75 442.18 Td (1,430) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 427.13 Td (Cumulative preferred financing shares) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 461.45 427.18 Td (455) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 518.45 427.18 Td (455) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 412.13 Td (Non-current portion of long-term debt) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 454.75 412.18 Td (5,876) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.75 412.18 Td (5,174) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 393.13 Td (Short-term borrowings and current portion of long-term debt) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 454.75 393.18 Td (2,785) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.75 393.18 Td (2,076) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 378.13 Td (Gross debt) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 454.75 378.18 Td (8,661) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.75 378.18 Td (7,250) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 361.33 Td (Less: Cash, cash equivalents, short-term deposits and similar instruments) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 340.95 365.14 Td (, ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 343.83 361.33 Td (and ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 351.13 Td (short-term portion of investments in debt instruments) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 266.25 354.94 Td (2, 3, 4, 5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 454.75 351.18 Td (6,128) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.75 351.18 Td (4,747) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 336.13 Td (Net debt) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.75 336.18 Td (2,533) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.75 336.18 Td (2,503) Tj ET Q BT /F5 8.00 Tf ET BT /F5 8.00 Tf ET q 0 0 0 rg BT 76.50 319.80 Td (1. ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 94.50 319.80 Td (Net debt is an alternative performance measure. For a description of this alternative performance measure refer to section ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 94.50 310.20 Td (Use of alternative performance measures) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 241.23 310.20 Td ( at the end of this report.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 76.50 300.60 Td (2. ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 94.50 300.60 Td (Short-term deposits and similar instruments include investments with a maturity of between three and 12 months. The ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 94.50 291.00 Td (balance of these instruments at ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 207.60 291.00 Td (April 1, 2018) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 252.52 291.00 Td (, was ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 273.41 291.00 Td (32 million) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 311.66 291.00 Td ( \() Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 316.54 291.00 Td (December 31, 2017) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 386.81 291.00 Td (: ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 391.25 291.00 Td (9million) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 425.05 291.00 Td (\) and is presented within Other ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 94.50 281.40 Td (current financial assets in the consolidated balance sheet.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 76.50 271.80 Td (3. ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 94.50 271.80 Td (Included in the short term portion of investments in debt instruments is a US treasury investment fund in the amount of ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 514.71 271.80 Td (152 ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 94.50 262.20 Td (million) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 117.17 262.20 Td ( \() Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 122.06 262.20 Td (December 31, 2017) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 192.32 262.20 Td (: ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 196.77 262.20 Td (157million) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 239.46 262.20 Td (\).) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 76.50 252.60 Td (4. ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 94.50 252.60 Td (Book overdrafts, representing the excess of total issued checks over available cash balances within the Group cash ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 94.50 243.00 Td (concentration structure, are classified in accounts payable and do not form part of net debt. This balance at ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 474.87 243.00 Td (April 1, 2018) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 519.79 243.00 Td (, ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 94.50 233.40 Td (was ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 110.95 233.40 Td (120million) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 153.64 233.40 Td ( \() Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 158.53 233.40 Td (December 31, 2017) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 228.79 233.40 Td (: ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 233.24 233.40 Td (172 million) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 275.93 233.40 Td (\).) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 76.50 223.80 Td (5. ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 94.50 223.80 Td (Cash and cash equivalents include an amount held under a notional cash pooling arrangement of ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 440.96 223.80 Td (2,087 million) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 490.32 223.80 Td ( \() Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 495.21 223.80 Td (December ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 94.50 214.20 Td (31, 2017) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 125.64 214.20 Td (: ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 130.09 214.20 Td (1,367 million) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 179.45 214.20 Td (\). This cash amount is fully offset by an identical amount included under Short-term borrowings and ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 94.50 204.60 Td (current portion of long-term debt.) Tj ET Q /GS0 gs q 96.23 0 0 35.00 79.50 778.67 cm /I22 Do Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 816.15 m 77 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 816.15 m 261 816.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 816.15 m 261 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 816.15 m 282 816.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 788.15 m 282 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 536 816.15 m 536 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282 816.15 m 536 816.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 788.15 m 77 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 775.15 m 261 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 775.15 m 282 775.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 536 788.15 m 536 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282 775.15 m 536 775.15 l s BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.7843137254901961 0.11764705882352941 rg BT 378.00 796.37 Td (Interim report, First quarter 2018) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 263.50 778.37 Td (Other information) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 43.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 405.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 43 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553.3 58 m 553.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 553.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 43 m 553.3 43 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 508.85 47.23 Td (Page 22/24) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 754.15 Td (Underlying operating income and underlying EBITDA) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 329.30 758.92 Td (1) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 738.35 Td (Underlying operating income per segment and underlying EBITDA) Tj ET Q q 0 0 0 rg BT 368.89 738.35 Td ( per segment are as follows:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 714.35 Td (Q1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 89.84 714.35 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.62 714.35 Td (2018) Tj ET Q BT /F2 10.00 Tf ET 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 220.00 700.85 52.00 -33.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 272.00 700.85 52.00 -33.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 324.00 700.85 52.00 -33.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 376.00 700.85 55.00 -33.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 431.00 700.85 52.00 -33.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 483.00 700.85 52.00 -33.00 re f /GS0 gs 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 700.8499999999999 m 220 667.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 700.8499999999999 m 220 700.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 667.8499999999999 m 220 667.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 700.8499999999999 m 220 667.8499999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 700.8499999999999 m 272 667.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 700.8499999999999 m 272 700.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 667.8499999999999 m 272 667.8499999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 700.8499999999999 m 272 667.8499999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 700.8499999999999 m 324 667.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 700.8499999999999 m 324 700.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 667.8499999999999 m 324 667.8499999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 700.8499999999999 m 324 667.8499999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 700.8499999999999 m 376 667.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 700.8499999999999 m 376 700.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 667.8499999999999 m 376 667.8499999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 700.8499999999999 m 376 667.8499999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 700.8499999999999 m 431 667.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 700.8499999999999 m 431 700.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 667.8499999999999 m 431 667.8499999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 700.8499999999999 m 431 667.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 700.8499999999999 m 483 667.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 700.8499999999999 m 483 700.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 667.8499999999999 m 483 667.8499999999999 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 700.8499999999999 m 483 667.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535 700.8499999999999 m 535 667.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 700.8499999999999 m 535 700.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 667.8499999999999 m 535 667.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 663.8499999999999 m 220 663.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 648.8499999999999 m 220 648.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 663.8499999999999 m 272 663.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 648.8499999999999 m 272 648.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 663.8499999999999 m 324 663.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 648.8499999999999 m 324 648.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 663.8499999999999 m 376 663.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 648.8499999999999 m 376 648.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 663.8499999999999 m 431 663.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 648.8499999999999 m 431 648.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 663.8499999999999 m 483 663.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 648.8499999999999 m 483 648.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 663.8499999999999 m 535 663.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 648.8499999999999 m 535 648.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 582.8499999999999 m 220 582.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 582.8499999999999 m 272 582.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 582.8499999999999 m 324 582.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 582.8499999999999 m 376 582.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 582.8499999999999 m 431 582.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 582.8499999999999 m 483 582.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 582.8499999999999 m 535 582.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 582.8499999999999 m 220 582.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 567.8499999999999 m 220 567.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 582.8499999999999 m 272 582.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 567.8499999999999 m 272 567.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 582.8499999999999 m 324 582.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 567.8499999999999 m 324 567.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 582.8499999999999 m 376 582.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 567.8499999999999 m 376 567.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 582.8499999999999 m 431 582.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 567.8499999999999 m 431 567.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 582.8499999999999 m 483 582.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 567.8499999999999 m 483 567.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 582.8499999999999 m 535 582.8499999999999 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 567.8499999999999 m 535 567.8499999999999 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.5019607843137255 0.5019607843137255 0.5019607843137255 rg BT 79.50 672.08 Td ( million) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 229.35 682.28 Td (The United) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 245.80 672.08 Td (States) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 306.70 682.28 Td (The) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 277.35 672.08 Td (Netherlands) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 343.55 672.08 Td (Belgium) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 386.10 692.53 Td (Central and) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 379.90 682.33 Td (Southeastern) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 401.70 672.08 Td (Europe) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 456.35 692.53 Td (Global) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 451.45 682.33 Td (Support) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 458.75 672.08 Td (Of) Tj ET Q q 1 1 1 rg BT 467.12 672.08 Td (fice) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 511.00 692.53 Td (Ahold) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 500.35 682.33 Td (Delhaize) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 509.25 672.08 Td (Group) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.50 653.08 Td (Operating income \(loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 255.45 653.08 Td (366) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.45 653.08 Td (162) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.90 653.08 Td (25) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.90 653.08 Td (43) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.20 653.13 Td (\(22) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.80 653.08 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.45 653.13 Td (574) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 88.50 638.08 Td (Impairments) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 264.35 638.08 Td (1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 316.35 638.08 Td (2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 364.75 638.08 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 423.30 638.08 Td (1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 471.75 638.08 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 527.35 638.13 Td (4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 88.50 623.08 Td (\(Gains\) losses on the sale of assets) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 261.60 623.08 Td (\(1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 268.80 623.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 312.75 623.08 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 364.75 623.08 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 419.75 623.08 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 471.75 623.08 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 524.65 623.08 Td (\(1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 623.08 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 88.50 610.08 Td (Restructuring and related charges) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 88.50 602.08 Td (and other) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 259.85 602.08 Td (12) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 316.35 602.08 Td (2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 368.30 602.08 Td (3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 419.75 602.08 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 475.30 602.08 Td (6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.90 602.08 Td (23) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 79.50 587.03 Td (Adjustments to operating income) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 259.85 587.03 Td (12) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 316.35 587.03 Td (4) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 368.30 587.03 Td (3) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 423.30 587.03 Td (1) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 475.30 587.03 Td (6) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 522.90 587.03 Td (26) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 572.08 Td (Underlying operating income \(loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 255.45 572.08 Td (378) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.45 572.08 Td (166) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.90 572.08 Td (28) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.90 572.08 Td (44) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.20 572.13 Td (\(16) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.80 572.08 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.45 572.13 Td (600) Tj ET Q BT /F4 10.00 Tf ET BT /F5 8.00 Tf ET q 0 0 0 rg BT 76.50 552.75 Td (1. ) Tj ET Q q 0 0 0 rg BT 94.50 552.75 Td (Underlying operating income and underlying EBITDA) Tj ET Q q 0 0 0 rg BT 281.86 552.75 Td ( are alternative performance measures. For a description of these ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 94.50 543.15 Td (alternative performance measures refer to section ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 273.25 543.15 Td (Use of alternative performance measures) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 419.98 543.15 Td ( at the end of this report.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 520.75 Td (Underlying operating income in local currency for ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 296.05 520.75 Td (Q1) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 309.39 520.75 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 312.17 520.75 Td (2018) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 334.42 520.75 Td ( was ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 357.75 520.75 Td ($464 million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 411.12 520.75 Td ( for ) Tj ET Q q 0 0 0 rg BT 428.17 520.75 Td (The United States.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 496.75 Td (Q1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 89.84 496.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.62 496.75 Td (2017) Tj ET Q BT /F2 10.00 Tf ET 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 220.00 483.25 52.00 -33.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 272.00 483.25 52.00 -33.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 324.00 483.25 52.00 -33.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 376.00 483.25 55.00 -33.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 431.00 483.25 52.00 -33.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 483.00 483.25 52.00 -33.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 483.25 m 220 450.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 483.25 m 220 483.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 450.25 m 220 450.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 483.25 m 220 450.25 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 483.25 m 272 450.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 483.25 m 272 483.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 450.25 m 272 450.25 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 483.25 m 272 450.25 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 483.25 m 324 450.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 483.25 m 324 483.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 450.25 m 324 450.25 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 483.25 m 324 450.25 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 483.25 m 376 450.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 483.25 m 376 483.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 450.25 m 376 450.25 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 483.25 m 376 450.25 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 483.25 m 431 450.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 483.25 m 431 483.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 450.25 m 431 450.25 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 483.25 m 431 450.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 483.25 m 483 450.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 483.25 m 483 483.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 450.25 m 483 450.25 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 483.25 m 483 450.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535 483.25 m 535 450.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 483.25 m 535 483.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 450.25 m 535 450.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 446.25 m 220 446.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 431.25 m 220 431.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 446.25 m 272 446.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 431.25 m 272 431.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 446.25 m 324 446.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 431.25 m 324 431.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 446.25 m 376 446.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 431.25 m 376 431.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 446.25 m 431 446.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 431.25 m 431 431.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 446.25 m 483 446.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 431.25 m 483 431.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 446.25 m 535 446.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 431.25 m 535 431.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 365.25 m 220 365.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 365.25 m 272 365.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 365.25 m 324 365.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 365.25 m 376 365.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 365.25 m 431 365.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 365.25 m 483 365.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 365.25 m 535 365.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 365.25 m 220 365.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 350.25 m 220 350.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 365.25 m 272 365.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 350.25 m 272 350.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 365.25 m 324 365.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 350.25 m 324 350.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 365.25 m 376 365.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 350.25 m 376 350.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 365.25 m 431 365.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 350.25 m 431 350.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 365.25 m 483 365.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 350.25 m 483 350.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 365.25 m 535 365.25 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 350.25 m 535 350.25 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.5019607843137255 0.5019607843137255 0.5019607843137255 rg BT 79.50 454.48 Td ( million) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 229.35 464.68 Td (The United) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 245.80 454.48 Td (States) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 306.70 464.68 Td (The) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 277.35 454.48 Td (Netherlands) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 343.55 454.48 Td (Belgium) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 386.10 474.93 Td (Central and) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 379.90 464.73 Td (Southeastern) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 401.70 454.48 Td (Europe) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 456.35 474.93 Td (Global) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 451.45 464.73 Td (Support) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 458.75 454.48 Td (Of) Tj ET Q q 1 1 1 rg BT 467.12 454.48 Td (fice) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 511.00 474.93 Td (Ahold) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 500.35 464.73 Td (Delhaize) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 509.25 454.48 Td (Group) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.50 435.48 Td (Operating income \(loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 255.45 435.48 Td (374) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.45 435.48 Td (168) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.90 435.48 Td (26) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.90 435.48 Td (41) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.20 435.53 Td (\(40) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.80 435.48 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.45 435.53 Td (569) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 88.50 420.48 Td (Impairments) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 264.35 420.48 Td (9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 313.65 420.53 Td (\(1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 320.80 420.48 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 364.75 420.48 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 419.75 420.48 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 471.75 420.48 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 527.35 420.53 Td (8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 88.50 405.48 Td (\(Gains\) losses on the sale of assets) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 257.20 405.48 Td (\(17) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 268.80 405.48 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 313.65 405.53 Td (\(3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 320.80 405.48 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 368.30 405.48 Td (1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 419.75 405.48 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 471.75 405.48 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 520.20 405.53 Td (\(19) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 405.48 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 88.50 392.48 Td (Restructuring and related charges ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 88.50 384.48 Td (and other) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 259.85 384.48 Td (35) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 316.35 384.48 Td (3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 368.30 384.48 Td (2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 419.75 384.48 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 475.30 384.48 Td (8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.90 384.48 Td (48) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 79.50 369.43 Td (Adjustments to operating income) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 259.85 369.43 Td (27) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 313.65 369.48 Td (\(1) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 320.80 369.43 Td (\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 368.30 369.43 Td (3) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 419.75 369.43 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 475.30 369.43 Td (8) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 522.90 369.43 Td (37) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 354.48 Td (Underlying operating income \(loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 255.45 354.48 Td (401) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.45 354.48 Td (167) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.90 354.48 Td (29) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.90 354.48 Td (41) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.20 354.53 Td (\(32) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.80 354.48 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.45 354.53 Td (606) Tj ET Q BT /F5 8.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 337.95 Td (Underlying operating income in local currency for ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 296.05 337.95 Td (Q1) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 309.39 337.95 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 312.17 337.95 Td (2017) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 334.42 337.95 Td ( was ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 357.75 337.95 Td ($428million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 411.12 337.95 Td ( for the United States. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 313.95 Td (Underlying EBITDA) Tj ET Q 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 434.05 300.45 50.00 -33.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 484.05 300.45 50.00 -33.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 76.05 300.44999999999993 m 334.05 300.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 76.05 267.44999999999993 m 334.05 267.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.05 300.44999999999993 m 434.05 267.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.05 300.44999999999993 m 434.05 300.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.05 267.44999999999993 m 434.05 267.44999999999993 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.05 300.44999999999993 m 434.05 267.44999999999993 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.05 300.44999999999993 m 484.05 267.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.05 300.44999999999993 m 484.05 300.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.05 267.44999999999993 m 484.05 267.44999999999993 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.05 300.44999999999993 m 484.05 267.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 534.05 300.44999999999993 m 534.05 267.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.05 300.44999999999993 m 534.05 300.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.05 267.44999999999993 m 534.05 267.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 76.05 248.44999999999993 m 334.05 248.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.05 248.44999999999993 m 434.05 248.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.05 248.44999999999993 m 484.05 248.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.05 248.44999999999993 m 534.05 248.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 76.05 233.44999999999993 m 334.05 233.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 76.05 220.44999999999993 m 334.05 220.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.05 233.44999999999993 m 434.05 233.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.05 220.44999999999993 m 434.05 220.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.05 233.44999999999993 m 484.05 233.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.05 220.44999999999993 m 484.05 220.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.05 233.44999999999993 m 534.05 233.44999999999993 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.05 220.44999999999993 m 534.05 220.44999999999993 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.5019607843137255 0.5019607843137255 0.5019607843137255 rg BT 78.55 271.68 Td ( million, except per share data) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 469.85 281.88 Td (Q1) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 462.75 271.68 Td (2018) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 519.85 281.88 Td (Q1) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 512.75 271.68 Td (2017) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 78.55 252.68 Td (Underlying operating income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.50 252.73 Td (600) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.50 252.73 Td (606) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 78.55 237.68 Td (Depreciation and amortization) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 467.50 237.73 Td (437) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 517.50 237.73 Td (455) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.55 224.68 Td (Underlying EBITDA) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.80 224.73 Td (1,037) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.80 224.73 Td (1,061) Tj ET Q BT /F4 10.00 Tf ET /GS0 gs q 96.23 0 0 35.00 79.50 778.67 cm /I23 Do Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 816.15 m 77 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 816.15 m 261 816.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 816.15 m 261 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 816.15 m 282 816.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 788.15 m 282 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 536 816.15 m 536 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282 816.15 m 536 816.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 788.15 m 77 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 775.15 m 261 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 775.15 m 282 775.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 536 788.15 m 536 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282 775.15 m 536 775.15 l s BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.7843137254901961 0.11764705882352941 rg BT 378.00 796.37 Td (Interim report, First quarter 2018) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 263.50 778.37 Td (Other information) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 43.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 405.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 43 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553.3 58 m 553.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 553.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 43 m 553.3 43 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 508.85 47.23 Td (Page 23/24) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 754.15 Td (Underlying income from continuing operations) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 299.29 758.92 Td (1) Tj ET Q 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 435.00 740.65 50.00 -33.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 485.00 740.65 50.00 -33.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 740.65 m 335 740.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 707.65 m 335 707.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 740.65 m 435 707.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 740.65 m 435 740.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 707.65 m 435 707.65 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 740.65 m 435 707.65 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 740.65 m 485 707.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 740.65 m 485 740.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 707.65 m 485 707.65 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 740.65 m 485 707.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535 740.65 m 535 707.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 740.65 m 535 740.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 707.65 m 535 707.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 688.65 m 335 688.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 688.65 m 435 688.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 688.65 m 485 688.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 688.65 m 535 688.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 658.65 m 335 658.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 645.65 m 335 645.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 658.65 m 435 658.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 645.65 m 435 645.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 658.65 m 485 658.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 645.65 m 485 645.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 658.65 m 535 658.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 645.65 m 535 645.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 645.65 m 335 645.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 645.65 m 435 645.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 645.65 m 485 645.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 645.65 m 535 645.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 615.65 m 335 615.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 615.65 m 435 615.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 615.65 m 485 615.65 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 615.65 m 535 615.65 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.5019607843137255 0.5019607843137255 0.5019607843137255 rg BT 79.50 711.88 Td ( million, except per share data) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 470.80 722.08 Td (Q1) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 463.70 711.88 Td (2018) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 520.80 722.08 Td (Q1) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 513.70 711.88 Td (2017) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.50 692.88 Td (Income from continuing operations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.45 692.93 Td (407) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.45 692.93 Td (356) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 677.88 Td (Adjustments to operating income) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 472.90 677.88 Td (26) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.90 677.88 Td (37) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 662.88 Td (T) Tj ET Q q 0 0 0 rg BT 83.50 662.88 Td (ax ef) Tj ET Q q 0 0 0 rg BT 100.70 662.88 Td (fect of unusual items) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 474.65 662.88 Td (\(7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.80 662.88 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 520.20 662.93 Td (\(12) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.80 662.88 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 649.88 Td (Underlying income from continuing operations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.45 649.93 Td (426) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.45 649.93 Td (381) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 632.88 Td (Basic income per share from continuing operations) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 259.59 636.69 Td (2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 466.20 632.93 Td (0.34) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 516.20 632.93 Td (0.28) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 619.88 Td (Underlying income per share from continuing operations) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 278.27 623.69 Td (2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 466.20 619.93 Td (0.35) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 516.20 619.93 Td (0.30) Tj ET Q BT /F4 10.00 Tf ET BT /F5 8.00 Tf ET q 0 0 0 rg BT 76.50 600.55 Td (1. ) Tj ET Q q 0 0 0 rg BT 94.50 600.55 Td (Underlying income from continuing operations is an alternative performance measure. For a description of this alternative ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 94.50 590.95 Td (performance measure refer to section ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 230.12 590.95 Td (Use of alternative performance measures) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 376.85 590.95 Td ( at the end of this report.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 76.50 581.35 Td (2. ) Tj ET Q q 0 0 0 rg BT 94.50 581.35 Td (Basic and underlying earnings per share from continuing operations are calculated by dividing the \(underlying\) income from ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 94.50 571.75 Td (continuing operations attributable to equity holders by the average numbers of shares outstanding. The weighted average ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 94.50 562.15 Td (number of shares used for calculating the basic and underlying earnings per share for Q1 2018 is ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 440.48 562.15 Td (1,214 million) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 485.39 562.15 Td ( \(Q1 2017: ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 94.50 552.55 Td (1,268 million) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 139.41 552.55 Td (\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 528.55 Td (Store portfolio \(including franchise and affiliate stores\)) Tj ET Q 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 343.00 518.05 47.00 -33.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 390.00 518.05 50.00 -33.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 440.00 518.05 47.00 -33.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 rg /GS0 gs 487.00 518.05 48.00 -33.00 re f /GS0 gs 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 518.05 m 343 518.05 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 500.04999999999995 m 343 500.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 518.05 m 343 500.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 518.05 m 390 500.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 518.05 m 390 518.05 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 518.05 m 390 500.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440 518.05 m 440 500.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 518.05 m 440 518.05 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440 518.05 m 440 500.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 518.05 m 487 500.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440 518.05 m 487 518.05 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 518.05 m 487 500.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535 518.05 m 535 500.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 518.05 m 535 518.05 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 485.04999999999995 m 343 485.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 500.04999999999995 m 343 485.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 500.04999999999995 m 390 485.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 485.04999999999995 m 390 485.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 500.04999999999995 m 390 485.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440 500.04999999999995 m 440 485.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 485.04999999999995 m 440 485.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440 500.04999999999995 m 440 485.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 500.04999999999995 m 487 485.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440 485.04999999999995 m 487 485.04999999999995 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 500.04999999999995 m 487 485.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535 500.04999999999995 m 535 485.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 485.04999999999995 m 535 485.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 421.04999999999995 m 343 421.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 406.04999999999995 m 343 406.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 421.04999999999995 m 390 421.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 406.04999999999995 m 390 406.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 421.04999999999995 m 440 421.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 406.04999999999995 m 440 406.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440 421.04999999999995 m 487 421.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440 406.04999999999995 m 487 406.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 421.04999999999995 m 535 421.04999999999995 l s 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 406.04999999999995 m 535 406.04999999999995 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 363.35 499.48 Td (End of) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 368.70 489.28 Td (2017) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 403.55 499.48 Td (Opened /) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 405.80 489.28 Td (acquired) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 454.15 499.48 Td (Closed /) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 468.80 489.28 Td (sold) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 508.35 499.48 Td (End of ) Tj ET Q BT /F4 8.00 Tf ET q 1 1 1 rg BT 500.80 489.28 Td (Q1 2018) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 79.50 470.28 Td (The United States) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 366.75 470.33 Td (1,960) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 428.75 470.28 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 476.65 470.28 Td (\(3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 483.80 470.28 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.75 470.33 Td (1,957) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 455.28 Td (The Netherlands) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 138.64 459.09 Td (1,2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 366.75 455.33 Td (2,163) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 432.30 455.28 Td (4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 472.20 455.33 Td (\(23) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 483.80 455.28 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.75 455.33 Td (2,144) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 440.28 Td (Belgium) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 373.45 440.33 Td (764) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 432.30 440.28 Td (6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 476.65 440.28 Td (\(7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 483.80 440.28 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 518.45 440.33 Td (763) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 79.50 425.28 Td (Central and Southeastern Europe) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 366.75 425.33 Td (1,750) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 427.90 425.28 Td (18) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 476.65 425.28 Td (\(3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 483.80 425.28 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.75 425.33 Td (1,765) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.50 410.28 Td (T) Tj ET Q q 0 0 0 rg BT 83.79 410.28 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 366.75 410.33 Td (6,637) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.90 410.28 Td (28) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.20 410.33 Td (\(36) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.80 410.28 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.75 410.33 Td (6,629) Tj ET Q BT /F4 10.00 Tf ET BT /F5 8.00 Tf ET q 0 0 0 rg BT 76.50 392.55 Td (1. ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 90.00 392.55 Td (The ) Tj ET Q q 0 0 0 rg BT 106.01 392.55 Td (number ) Tj ET Q q 0 0 0 rg BT 135.36 392.55 Td (of ) Tj ET Q q 0 0 0 rg BT 144.25 392.55 Td (stores ) Tj ET Q q 0 0 0 rg BT 168.26 392.55 Td (at ) Tj ET Q q 0 0 0 rg BT 177.15 392.55 Td (the ) Tj ET Q q 0 0 0 rg BT 190.50 392.55 Td (end ) Tj ET Q q 0 0 0 rg BT 206.07 392.55 Td (of ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 214.96 392.55 Td (Q1 ) Tj ET Q q 0 0 0 rg BT 227.86 392.55 Td (2018) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 245.65 392.55 Td ( ) Tj ET Q q 0 0 0 rg BT 247.88 392.55 Td (includes ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 279.45 392.55 Td (1,146) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 299.47 392.55 Td ( ) Tj ET Q q 0 0 0 rg BT 301.69 392.55 Td (specialty ) Tj ET Q q 0 0 0 rg BT 335.04 392.55 Td (stores ) Tj ET Q q 0 0 0 rg BT 359.05 392.55 Td (\(Etos ) Tj ET Q q 0 0 0 rg BT 379.94 392.55 Td (and ) Tj ET Q q 0 0 0 rg BT 395.51 392.55 Td (Gall ) Tj ET Q q 0 0 0 rg BT 411.96 392.55 Td (& ) Tj ET Q q 0 0 0 rg BT 419.52 392.55 Td (Gall\) ) Tj ET Q q 0 0 0 rg BT 438.63 392.55 Td (\(end ) Tj ET Q q 0 0 0 rg BT 456.87 392.55 Td (of ) Tj ET Q q 0 0 0 rg BT 465.76 392.55 Td (2017: ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 488.00 392.55 Td (1,153) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 508.02 392.55 Td (\). ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 76.50 384.55 Td (2. ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 90.00 384.55 Td (The ) Tj ET Q q 0 0 0 rg BT 106.01 384.55 Td (closed/sold ) Tj ET Q q 0 0 0 rg BT 148.25 384.55 Td (number ) Tj ET Q q 0 0 0 rg BT 177.60 384.55 Td (of ) Tj ET Q q 0 0 0 rg BT 186.50 384.55 Td (stores ) Tj ET Q q 0 0 0 rg BT 210.50 384.55 Td (in ) Tj ET Q q 0 0 0 rg BT 218.95 384.55 Td (The ) Tj ET Q q 0 0 0 rg BT 234.96 384.55 Td (Netherlands ) Tj ET Q q 0 0 0 rg BT 280.32 384.55 Td (during ) Tj ET Q q 0 0 0 rg BT 304.78 384.55 Td (the ) Tj ET Q q 0 0 0 rg BT 318.13 384.55 Td (quarter ) Tj ET Q q 0 0 0 rg BT 345.70 384.55 Td (includes ) Tj ET Q q 0 0 0 rg BT 377.27 384.55 Td (the ) Tj ET Q q 0 0 0 rg BT 390.61 384.55 Td (stores ) Tj ET Q q 0 0 0 rg BT 414.62 384.55 Td (related ) Tj ET Q q 0 0 0 rg BT 441.30 384.55 Td (to ) Tj ET Q q 0 0 0 rg BT 450.20 384.55 Td (our ) Tj ET Q q 0 0 0 rg BT 463.98 384.55 Td (exit ) Tj ET Q q 0 0 0 rg BT 478.66 384.55 Td (of ) Tj ET Q q 0 0 0 rg BT 487.55 384.55 Td (Germany) Tj ET Q q 0 0 0 rg BT 519.86 384.55 Td (.) Tj ET Q /GS0 gs q 96.23 0 0 35.00 79.50 778.67 cm /I24 Do Q BT /F2 13.50 Tf ET q 0 0 0 rg BT 76.50 356.35 Td (Use of alternative performance measures) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 337.55 Td (This interim report includes alternative performance measures \(also known as non-GAAP) Tj ET Q q 0 0 0 rg BT 470.94 337.55 Td ( measures\). ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 324.75 Td (The descriptions of the alternative performance measures are included on pages 80 and 81 of ) Tj ET Q q 0 0 0 rg BT 493.98 324.75 Td (Ahold ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 311.95 Td (Delhaize's ) Tj ET Q q 0 0 0 rg BT 124.55 311.95 Td (Annual Report 2017. ) Tj ET Q BT /F2 13.50 Tf ET q 0 0 0 rg BT 76.50 283.75 Td (Financial calendar ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 264.95 Td (Ahold Delhaize's financial year consists of 52 or 53 weeks and ends on the Sunday nearest to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 252.15 Td (December 31.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 233.35 Td (Ahold Delhaize's 2018 financial year consists of 52 weeks and ends on December 30, 2018. ) Tj ET Q q 0 0 0 rg BT 486.26 233.35 Td (The ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 220.55 Td (quarters in 2018 are:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 201.75 Td (First quarter ) Tj ET Q q 0 0 0 rg BT 148.50 201.75 Td ( ) Tj ET Q q 0 0 0 rg BT 184.50 201.75 Td (January 1 through ) Tj ET Q q 0 0 0 rg BT 267.34 201.75 Td (April 1, 2018) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 188.95 Td (Second quarter ) Tj ET Q q 0 0 0 rg BT 148.50 188.95 Td ( ) Tj ET Q q 0 0 0 rg BT 184.50 188.95 Td (April 2 through July 1, 2018) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 176.15 Td (Third quarter ) Tj ET Q q 0 0 0 rg BT 148.50 176.15 Td ( ) Tj ET Q q 0 0 0 rg BT 184.50 176.15 Td (July 2 through September 30, 2018) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 76.50 163.35 Td (Fourth quarter ) Tj ET Q q 0 0 0 rg BT 148.50 163.35 Td ( ) Tj ET Q q 0 0 0 rg BT 184.50 163.35 Td (October 1 through December 30, 2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 126.55 Td (Cautionary notice) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 76.50 113.30 Td (This press release contains information that qualifies as inside information within the meaning of ) Tj ET Q q 0 0 0 rg BT 418.02 113.30 Td (Article 7\(1\) of the EU Market ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 76.50 103.05 Td (Abuse Regulation.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 76.50 86.80 Td (This communication includes forward-looking statements. ) Tj ET Q q 0 0 0 rg BT 281.48 86.80 Td (All statements other than statements of historical facts may be forward-) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 76.50 76.60 Td (looking statements. W) Tj ET Q q 0 0 0 rg BT 155.05 76.60 Td (ords such as ongoing, by 2020, remain, on track, are, to be, target, confident, will, live up to a promise, is, ) Tj ET Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 816.15 m 77 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 816.15 m 261 816.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 816.15 m 261 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 816.15 m 282 816.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 788.15 m 282 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 536 816.15 m 536 788.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282 816.15 m 536 816.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 788.15 m 77 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 77 775.15 m 261 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 775.15 m 282 775.15 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 536 788.15 m 536 775.15 l s 0 0.3333333333333333 0.3333333333333333 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282 775.15 m 536 775.15 l s BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.7843137254901961 0.11764705882352941 rg BT 378.00 796.37 Td (Interim report, First quarter 2018) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 263.50 778.37 Td (Other information) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 43.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 58 m 405.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.3 43 m 405.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553.3 58 m 553.3 43 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 58 m 553.3 58 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.3 43 m 553.3 43 l s BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.3333333333333333 0.3333333333333333 rg BT 508.85 47.23 Td (Page 24/24) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F4 8.00 Tf ET q 0 0 0 rg BT 76.50 755.60 Td (trends, expected, plans/planned, remains, outlook, improving, expanding, developing, going forward, 2018, to, applies, future, ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 76.50 745.35 Td (estimated, optimized, improvement or other similar words or expressions are typically used to identify forward-looking statements.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 76.50 729.10 Td (Forward-looking statements are subject to risks, uncertainties and other factors that are dif) Tj ET Q q 0 0 0 rg BT 396.06 729.10 Td (ficult to predict and that may cause ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 76.50 718.90 Td (actual results of Koninklijke ) Tj ET Q q 0 0 0 rg BT 174.77 718.90 Td (Ahold Delhaize N.V) Tj ET Q q 0 0 0 rg BT 243.41 718.90 Td (. \(the Company\) to dif) Tj ET Q q 0 0 0 rg BT 325.52 718.90 Td (fer materially from future results expressed or implied by ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 76.50 708.65 Td (such forward-looking statements. Such factors include, but are not limited to risks relating to competition and pressure on profit ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 76.50 698.40 Td (margins in the food retail industry; the impact of the Company) Tj ET Q q 0 0 0 rg BT 296.02 698.40 Td (s outstanding financial debt; future changes in accounting ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 76.50 688.15 Td (standards; the Company) Tj ET Q q 0 0 0 rg BT 165.29 688.15 Td (s ability to generate positive cash flows; general economic conditions; the Company) Tj ET Q q 0 0 0 rg BT 463.09 688.15 Td (s international ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 76.50 677.90 Td (operations; the impact of economic conditions on consumer spending; turbulences in the global credit markets and the economy; ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 76.50 667.70 Td (the significance of the Company) Tj ET Q q 0 0 0 rg BT 191.98 667.70 Td (s U.S. operations and the concentration of its U.S. operations on the east coast of the U.S.; ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 76.50 657.45 Td (increases in interest rates and the impact of downgrades in the Company) Tj ET Q q 0 0 0 rg BT 336.94 657.45 Td (s credit ratings; competitive labor markets, changes in ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 76.50 647.20 Td (labor conditions and labor disruptions; environmental liabilities associated with the properties that the Company owns or leases; ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 76.50 636.95 Td (the Company) Tj ET Q q 0 0 0 rg BT 125.71 636.95 Td (s inability to locate appropriate real estate or enter into real estate leases on commercially acceptable terms; ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 76.50 626.70 Td (exchange rate fluctuations; additional expenses or capital expenditures associated with compliance with federal, regional, state ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 76.50 616.50 Td (and local laws and regulations in the U.S., the Netherlands, Belgium and other countries; product liability claims and adverse ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 76.50 606.25 Td (publicity; risks related to corporate responsibility and sustainable retailing; the Company) Tj ET Q q 0 0 0 rg BT 388.52 606.25 Td (s inability to successfully implement its ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 76.50 596.00 Td (strategy) Tj ET Q q 0 0 0 rg BT 104.36 596.00 Td (, manage the growth of its business or realize the anticipated benefits of acquisitions; its inability to successfully complete ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 76.50 585.75 Td (divestitures and the ef) Tj ET Q q 0 0 0 rg BT 154.63 585.75 Td (fect of contingent liabilities arising from completed divestitures; unexpected outcomes with respect to tax ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 76.50 575.50 Td (audits; disruption of operations and other factors negatively af) Tj ET Q q 0 0 0 rg BT 294.71 575.50 Td (fecting the Company) Tj ET Q q 0 0 0 rg BT 369.72 575.50 Td (s suppliers; the unsuccessful operation of the ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 76.50 565.30 Td (Company) Tj ET Q q 0 0 0 rg BT 112.37 565.30 Td (s franchised and af) Tj ET Q q 0 0 0 rg BT 179.82 565.30 Td (filiated stores; natural disasters and geopolitical events; inherent limitations in the Company) Tj ET Q q 0 0 0 rg BT 504.74 565.30 Td (s ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 76.50 555.05 Td (control systems; the failure or breach of security of IT) Tj ET Q q 0 0 0 rg BT 264.43 555.05 Td ( systems; changes in supplier terms; antitrust and similar legislation; ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 76.50 544.80 Td (unexpected outcome in the Company) Tj ET Q q 0 0 0 rg BT 210.66 544.80 Td (s legal proceedings; adverse results arising from the Company) Tj ET Q q 0 0 0 rg BT 433.73 544.80 Td (s claims against its self-) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 76.50 534.55 Td (insurance programs; increase in costs associated with the Company) Tj ET Q q 0 0 0 rg BT 319.58 534.55 Td (s defined benefit pension plans; and other factors discussed ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 76.50 524.30 Td (in the Company) Tj ET Q q 0 0 0 rg BT 134.16 524.30 Td (s public filings and other disclosures.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 76.50 508.10 Td (Forward-looking statements reflect the current views of the Company) Tj ET Q q 0 0 0 rg BT 322.24 508.10 Td (s management and assumptions based on information ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 76.50 497.85 Td (currently available to the Company) Tj ET Q q 0 0 0 rg BT 201.31 497.85 Td (s management. Forward-looking statements speak only as of the date they are made, and the ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 76.50 487.60 Td (Company does not assume any obligation to update such statements, except as required by law) Tj ET Q q 0 0 0 rg BT 416.26 487.60 Td (.) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.050980392156862744 0.42745098039215684 0.42745098039215684 rg BT 76.50 435.20 Td (For more information:) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.7843137254901961 0.11764705882352941 rg BT 76.50 421.30 Td (Press of) Tj ET Q q 0 0.7843137254901961 0.11764705882352941 rg BT 105.70 421.30 Td (fice:) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.050980392156862744 0.42745098039215684 0.42745098039215684 rg BT 120.37 421.30 Td ( +31 88 659 5134 ) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.7843137254901961 0.11764705882352941 rg BT 193.99 421.30 Td (Investor relations:) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.050980392156862744 0.42745098039215684 0.42745098039215684 rg BT 257.13 421.30 Td ( +31 88 659 5213 ) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.7843137254901961 0.11764705882352941 rg BT 330.75 421.30 Td (Social media:) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 378.77 421.30 Td ( ) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.050980392156862744 0.42745098039215684 0.42745098039215684 rg BT 400.50 421.30 Td (T) Tj ET Q q 0.050980392156862744 0.42745098039215684 0.42745098039215684 rg BT 404.95 421.30 Td (witter: @AholdDelhaize) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 76.50 407.35 Td ( ) Tj ET Q q 0 0 0 rg BT 112.50 407.35 Td ( ) Tj ET Q q 0 0 0 rg BT 148.50 407.35 Td ( ) Tj ET Q q 0 0 0 rg BT 184.50 407.35 Td ( ) Tj ET Q q 0 0 0 rg BT 220.50 407.35 Td ( ) Tj ET Q q 0 0 0 rg BT 256.50 407.35 Td ( ) Tj ET Q q 0 0 0 rg BT 292.50 407.35 Td ( ) Tj ET Q q 0 0 0 rg BT 328.50 407.35 Td ( ) Tj ET Q q 0 0 0 rg BT 364.50 407.35 Td ( ) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.050980392156862744 0.42745098039215684 0.42745098039215684 rg BT 400.50 407.35 Td (Y) Tj ET Q q 0.050980392156862744 0.42745098039215684 0.42745098039215684 rg BT 405.10 407.35 Td (ouT) Tj ET Q q 0.050980392156862744 0.42745098039215684 0.42745098039215684 rg BT 418.59 407.35 Td (ube: @AholdDelhaize ) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 76.50 393.45 Td ( ) Tj ET Q q 0 0 0 rg BT 112.50 393.45 Td ( ) Tj ET Q q 0 0 0 rg BT 148.50 393.45 Td ( ) Tj ET Q q 0 0 0 rg BT 184.50 393.45 Td ( ) Tj ET Q q 0 0 0 rg BT 220.50 393.45 Td ( ) Tj ET Q q 0 0 0 rg BT 256.50 393.45 Td ( ) Tj ET Q q 0 0 0 rg BT 292.50 393.45 Td ( ) Tj ET Q q 0 0 0 rg BT 328.50 393.45 Td ( ) Tj ET Q q 0 0 0 rg BT 364.50 393.45 Td ( ) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.050980392156862744 0.42745098039215684 0.42745098039215684 rg BT 400.50 393.45 Td (LinkedIn: @Ahold-Delhaize) Tj ET Q BT /F4 8.00 Tf ET q 0.050980392156862744 0.42745098039215684 0.42745098039215684 rg BT 76.50 365.60 Td (Ahold Delhaize is one of the world) Tj ET Q q 0.050980392156862744 0.42745098039215684 0.42745098039215684 rg BT 199.09 365.60 Td (s largest food retail groups and a leader in both supermarkets and e-commerce. Its family of ) Tj ET Q BT /F4 8.00 Tf ET q 0.050980392156862744 0.42745098039215684 0.42745098039215684 rg BT 76.50 351.70 Td (great, local brands serves more than 50 million customers each week in 1) Tj ET Q q 0.050980392156862744 0.42745098039215684 0.42745098039215684 rg BT 336.48 351.70 Td (1 countries. ) Tj ET Q q 0.050980392156862744 0.42745098039215684 0.42745098039215684 rg BT 379.91 351.70 Td (T) Tj ET Q q 0.050980392156862744 0.42745098039215684 0.42745098039215684 rg BT 383.91 351.70 Td (ogether) Tj ET Q q 0.050980392156862744 0.42745098039215684 0.42745098039215684 rg BT 410.60 351.70 Td (, these brands employ more than ) Tj ET Q BT /F4 8.00 Tf ET q 0.050980392156862744 0.42745098039215684 0.42745098039215684 rg BT 76.50 337.75 Td (370,000 associates in more than 6,500 grocery and specialty stores and include the top online retailer in the Benelux and the ) Tj ET Q BT /F4 8.00 Tf ET q 0.050980392156862744 0.42745098039215684 0.42745098039215684 rg BT 76.50 323.85 Td (leading online grocers in the Benelux and the United States. ) Tj ET Q q 0.050980392156862744 0.42745098039215684 0.42745098039215684 rg BT 290.87 323.85 Td (Ahold Delhaize brands are at the forefront of sustainable retailing, ) Tj ET Q BT /F4 8.00 Tf ET q 0.050980392156862744 0.42745098039215684 0.42745098039215684 rg BT 76.50 309.90 Td (sourcing responsibly) Tj ET Q q 0.050980392156862744 0.42745098039215684 0.42745098039215684 rg BT 148.83 309.90 Td (, supporting local communities and helping customers make healthier choices. Headquartered in Zaandam, ) Tj ET Q BT /F4 8.00 Tf ET q 0.050980392156862744 0.42745098039215684 0.42745098039215684 rg BT 76.50 296.00 Td (the Netherlands, ) Tj ET Q q 0.050980392156862744 0.42745098039215684 0.42745098039215684 rg BT 136.98 296.00 Td (Ahold Delhaize is listed on the Euronext ) Tj ET Q q 0.050980392156862744 0.42745098039215684 0.42745098039215684 rg BT 280.18 296.00 Td (Amsterdam and Brussels stock exchanges \(ticker: ) Tj ET Q q 0.050980392156862744 0.42745098039215684 0.42745098039215684 rg BT 459.37 296.00 Td (AD\) and its ) Tj ET Q q 0.050980392156862744 0.42745098039215684 0.42745098039215684 rg BT 500.72 296.00 Td (American ) Tj ET Q BT /F4 8.00 Tf ET q 0.050980392156862744 0.42745098039215684 0.42745098039215684 rg BT 76.50 282.10 Td (Depositary Receipts are traded on the over-the-counter market in the U.S. and quoted on the OTCQX International marketplace ) Tj ET Q BT /F4 8.00 Tf ET q 0.050980392156862744 0.42745098039215684 0.42745098039215684 rg BT 76.50 268.15 Td (\(ticker: ) Tj ET Q q 0.050980392156862744 0.42745098039215684 0.42745098039215684 rg BT 102.28 268.15 Td (ADRNY\). For more information, please visit ) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0.7843137254901961 0.11764705882352941 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 257.8828125 267.009375 m 343.70703125 267.009375 l s q 0 0.7843137254901961 0.11764705882352941 rg BT 257.88 268.15 Td (www) Tj ET Q q 0 0.7843137254901961 0.11764705882352941 rg BT 274.77 268.15 Td (.aholddelhaize.com) Tj ET Q BT /F4 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.050980392156862744 0.42745098039215684 0.42745098039215684 rg BT 343.71 268.15 Td (. ) Tj ET Q /GS0 gs q 458.60 0 0 89.40 76.50 159.83 cm /I25 Do Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL /GS0 gs q 96.23 0 0 35.00 79.50 778.67 cm /I26 Do Q endstream endobj 51 0 obj <> /View <>>>>> endobj 52 0 obj <> /View <>>>>> endobj 53 0 obj <> endobj 54 0 obj <> stream xy\E7~n{{w'd'52 HaGPPA!"" b-&h,+TLy?:uk?uΩoH""?W~.Xv3&rm 2\jMgwm'CڴzlycǏ\ rBjx\DsV@{twocmC{Iwl11z:1m!t-\q3D.:yz'Wɨp[_F=>E"ǢӦ/|K&_~=!wn-az3¦h$7,ؑ2Oo_eSFLlk}Fg[F>|;