2010 full-year results 3 March 2011 - UCB
2010 full-year results 3 March 2011 - UCB
2010 full-year results 3 March 2011 - UCB
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Net debt evolution<br />
Strong free cash flow reduces net debt by 15%<br />
€ million 31 Dec <strong>2010</strong> 31 Dec 2009<br />
Net debt -1 525 -1 752<br />
Liquid assets 498 491<br />
Financial debt<br />
2 500<br />
2 000<br />
1 500<br />
1 000<br />
500<br />
0<br />
1 915<br />
Net Debt (€ million)<br />
2 443<br />
1 752<br />
1 525<br />
2007A 2008A 2009A <strong>2010</strong> A<br />
-2 023<br />
3.5<br />
3.0<br />
2.5<br />
2.0<br />
1.5<br />
1.0<br />
0.5<br />
0.0<br />
2.6x<br />
-2 243<br />
Net Debt/REBITDA<br />
3.3x<br />
2.5x<br />
2.1x<br />
2007A 2008A 2009A <strong>2010</strong> A<br />
36
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