2025 Universal Registration Document

5. 2025 Consolidated Financial Statements

3.2.2 Property, plant and equipment
Property, plant and equipment

€ millions 

2025

31.12.2024

Acquisitions/ Depreciation

Disposals/ Reversals

Translation difference

Other movements(1)

31.12.2025

Land and buildings

Land and buildings

31.12.2024

2,796.0

Land and buildings

Acquisitions/ Depreciation

79.7

Land and buildings

Disposals/ Reversals

(55.0)

Land and buildings

Translation difference

(115.3)

Land and buildings

Other movements(1)

79.4

Land and buildings

31.12.2025

2,784.9

Machinery and equipment

Machinery and equipment

31.12.2024

4,257.0

Machinery and equipment

Acquisitions/ Depreciation

205.7

Machinery and equipment

Disposals/ Reversals

(145.9)

Machinery and equipment

Translation difference

(154.3)

Machinery and equipment

Other movements(1)

173.5

Machinery and equipment

31.12.2025

4,336.0

Point-of-sales advertising: stands and displays

Point-of-sales advertising: stands and displays

31.12.2024

1,897.5

Point-of-sales advertising: stands and displays

Acquisitions/ Depreciation

283.9

Point-of-sales advertising: stands and displays

Disposals/ Reversals

(315.2)

Point-of-sales advertising: stands and displays

Translation difference

(105.2)

Point-of-sales advertising: stands and displays

Other movements(1)

116.9

Point-of-sales advertising: stands and displays

31.12.2025

1,878.0

Other property, plant and equipment and fixed asset in progress

Other property, plant and equipment and fixed asset in progress

31.12.2024

2,673.2

Other property, plant and equipment and fixed asset in progress

Acquisitions/ Depreciation

589.3

Other property, plant and equipment and fixed asset in progress

Disposals/ Reversals

(282.0)

Other property, plant and equipment and fixed asset in progress

Translation difference

(150.6)

Other property, plant and equipment and fixed asset in progress

Other movements(1)

(355.9)

Other property, plant and equipment and fixed asset in progress

31.12.2025

2,474.0

Gross value

Gross value

31.12.2024

11,623.7

Gross value

Acquisitions/ Depreciation

1,158.7

Gross value

Disposals/ Reversals

(798.1)

Gross value

Translation difference

(525.3)

Gross value

Other movements(1)

13.8

Gross value

31.12.2025

11,472.8

Land and buildings

Land and buildings

31.12.2024

1,422.7

Land and buildings

Acquisitions/ Depreciation

93.0

Land and buildings

Disposals/ Reversals

(54.9)

Land and buildings

Translation difference

(45.5)

Land and buildings

Other movements(1)

(0.3)

Land and buildings

31.12.2025

1,415.0

Machinery and equipment

Machinery and equipment

31.12.2024

3,174.2

Machinery and equipment

Acquisitions/ Depreciation

302.3

Machinery and equipment

Disposals/ Reversals

(144.9)

Machinery and equipment

Translation difference

(114.3)

Machinery and equipment

Other movements(1)

(6.0)

Machinery and equipment

31.12.2025

3,211.3

Point-of-sales advertising: stands and displays

Point-of-sales advertising: stands and displays

31.12.2024

1,379.9

Point-of-sales advertising: stands and displays

Acquisitions/ Depreciation

358.4

Point-of-sales advertising: stands and displays

Disposals/ Reversals

(313.9)

Point-of-sales advertising: stands and displays

Translation difference

(72.8)

Point-of-sales advertising: stands and displays

Other movements(1)

10.5

Point-of-sales advertising: stands and displays

31.12.2025

1,362.1

Other property, plant and equipment

Other property, plant and equipment

31.12.2024

1,444.8

Other property, plant and equipment

Acquisitions/ Depreciation

204.9

Other property, plant and equipment

Disposals/ Reversals

(282.0)

Other property, plant and equipment

Translation difference

(94.1)

Other property, plant and equipment

Other movements(1)

(1.1)

Other property, plant and equipment

31.12.2025

1,272.5

Depreciation and provisions

Depreciation and provisions

31.12.2024

7,421.7

Depreciation and provisions

Acquisitions/ Depreciation

958.6

Depreciation and provisions

Disposals/ Reversals

(795.7)

Depreciation and provisions

Translation difference

(326.7)

Depreciation and provisions

Other movements(1)

3.1

Depreciation and provisions

31.12.2025

7,260.9

PROPERTY, PLANT AND EQUIPMENT – NET

PROPERTY, PLANT AND EQUIPMENT – NET

31.12.2024

4,202.0

PROPERTY, PLANT AND EQUIPMENT – NET

Acquisitions/ Depreciation

200.1

PROPERTY, PLANT AND EQUIPMENT – NET

Disposals/ Reversals

(2.3)

PROPERTY, PLANT AND EQUIPMENT – NET

Translation difference

(198.6)

PROPERTY, PLANT AND EQUIPMENT – NET

Other movements(1)

10.7

PROPERTY, PLANT AND EQUIPMENT – NET

31.12.2025

4,211.9

CHANGE IN GROSS FIXED ASSETS

(€ millions)

This diagram presents a waterfall chart illustrating the change in gross fixed assets between 2024 and 2025, in € millions.

Values by movement:

Gross fixed assets 2024: €11,624m

Acquisitions: +€1,159m

Disposals: -€798m

Translation differences: -€525m

Other movements: +€14m

Gross fixed assets 2025: €11,473m

CHANGE IN DEPRECIATION, AMORTISATION AND PROVISIONS (€ millions)

(€ millions)

This diagram presents a waterfall chart illustrating the change in depreciation, amortisation and provisions between 2024 and 2025, in € millions.

Values by movement:

Depreciation, amortisation and provisions 2024: €7,422m

Depreciation: +€959m

Reversals: -€796m

Translation differences: -€327m

Other movements: +€3m

Depreciation, amortisation and provisions 2025: €7,261m