In euros 2016 2015 2014 2013 2012(b) EPS 2.36 2.32 1.70 1.08 1.32 Recurring EPS 2.53 2.09 1.74 1.86 2.00 Net Cash flow from operations 4.95 4.59 3.97 4.60 5.16 Dividend 1.26f 1.24 1.24 1.24 1.24 Ratios Dividend Yield* 2.85 3.11 3.52 3.10 3.85 Payout Ratio 50 59 63 67 58 * Based on closing price for the 31/12. (a): 2014 restated excluding Verallia (b): 2012 restated / IAS 19