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Portfolio delivering resilience in challenging environment
Delivery on our targets 2020
▪ Adj. EBITDA at €1,906 bn
On spot delivery on guidance already given in May
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Guidance increased twice, finally above prior-year
products with superior sustainability benefits
Quality proven across our portfolio
▪ Growth divisions: accounting for ~95% of EBITDA
▪ Innovation Growth Fields: +15% sales growth
Progress on our strategic agenda
▪ Innovation: new RD&I organization implemented
▪ Ongoing portfolio transformation: new divisional structure, acquisitions and carve-out Baby Care
▪ Open & performance-driven corporate culture
▪ Adj. EBITDA:
▪ FCF cash conversion rate: on high prior-year le ....

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