2025 Universal Registration Document

5. 2025 Consolidated Financial Statements

NET PROPERTY, PLANT AND EQUIPMENT

(€ millions)

This diagram presents a waterfall chart illustrating the change in net property, plant and equipment between 2024 and 2025, in € millions.

Values by movement:

Net property, plant and equipment 2024: €4,202m

Acquisitions/Depreciation: +€200m

Disposals/Reversals: -€2m

Translation differences: -€199m

Other movements: +€11m

Net property, plant and equipment 2025: €4,212m

NET PROPERTY, PLANT AND EQUIPMENT

€ millions 

2024

31.12.2023

Acquisitions/ Depreciation

Disposals/ Reversals

Translation difference

Other movements(1)

31.12.2024

Land and buildings

Land and buildings

31.12.2023

2,662.4

Land and buildings

Acquisitions/ Depreciation

97.5

Land and buildings

Disposals/ Reversals

(28.3)

Land and buildings

Translation difference

3.1

Land and buildings

Other movements(1)

61.2

Land and buildings

31.12.2024

2,796.0

Machinery and equipment

Machinery and equipment

31.12.2023

4,100.5

Machinery and equipment

Acquisitions/ Depreciation

226.0

Machinery and equipment

Disposals/ Reversals

(207.2)

Machinery and equipment

Translation difference

22.3

Machinery and equipment

Other movements(1)

115.5

Machinery and equipment

31.12.2024

4,257.0

Point-of-sales advertising: stands and displays

Point-of-sales advertising: stands and displays

31.12.2023

1,769.1

Point-of-sales advertising: stands and displays

Acquisitions/ Depreciation

323.1

Point-of-sales advertising: stands and displays

Disposals/ Reversals

(286.4)

Point-of-sales advertising: stands and displays

Translation difference

25.7

Point-of-sales advertising: stands and displays

Other movements(1)

65.9

Point-of-sales advertising: stands and displays

31.12.2024

1,897.5

Other property, plant and equipment and fixed assets in progress

Other property, plant and equipment and fixed assets in progress

31.12.2023

2,473.7

Other property, plant and equipment and fixed assets in progress

Acquisitions/ Depreciation

629.7

Other property, plant and equipment and fixed assets in progress

Disposals/ Reversals

(170.7)

Other property, plant and equipment and fixed assets in progress

Translation difference

42.3

Other property, plant and equipment and fixed assets in progress

Other movements(1)

(301.8)

Other property, plant and equipment and fixed assets in progress

31.12.2024

2,673.2

Gross value

Gross value

31.12.2023

11,005.8

Gross value

Acquisitions/ Depreciation

1,276.3

Gross value

Disposals/ Reversals

(692.6)

Gross value

Translation difference

93.4

Gross value

Other movements(1)

(59.1)

Gross value

31.12.2024

11,623.7

Land and buildings

Land and buildings

31.12.2023

1,365.2

Land and buildings

Acquisitions/ Depreciation

88.1

Land and buildings

Disposals/ Reversals

(27.3)

Land and buildings

Translation difference

10.0

Land and buildings

Other movements(1)

(13.3)

Land and buildings

31.12.2024

1,422.7

Machinery and equipment

Machinery and equipment

31.12.2023

3,108.7

Machinery and equipment

Acquisitions/ Depreciation

285.6

Machinery and equipment

Disposals/ Reversals

(206.8)

Machinery and equipment

Translation difference

20.9

Machinery and equipment

Other movements(1)

(34.2)

Machinery and equipment

31.12.2024

3,174.2

Point-of-sales advertising: stands and displays

Point-of-sales advertising: stands and displays

31.12.2023

1,311.9

Point-of-sales advertising: stands and displays

Acquisitions/ Depreciation

332.3

Point-of-sales advertising: stands and displays

Disposals/ Reversals

(286.5)

Point-of-sales advertising: stands and displays

Translation difference

15.0

Point-of-sales advertising: stands and displays

Other movements(1)

7.2

Point-of-sales advertising: stands and displays

31.12.2024

1,379.9

Other property, plant and equipment

Other property, plant and equipment

31.12.2023

1,352.3

Other property, plant and equipment

Acquisitions/ Depreciation

202.4

Other property, plant and equipment

Disposals/ Reversals

(169.3)

Other property, plant and equipment

Translation difference

29.5

Other property, plant and equipment

Other movements(1)

29.9

Other property, plant and equipment

31.12.2024

1,444.8

Depreciation and provisions

Depreciation and provisions

31.12.2023

7,138.1

Depreciation and provisions

Acquisitions/ Depreciation

908.4

Depreciation and provisions

Disposals/ Reversals

(689.8)

Depreciation and provisions

Translation difference

75.4

Depreciation and provisions

Other movements(1)

(10.4)

Depreciation and provisions

31.12.2024

7,421.7

PROPERTY, PLANT AND EQUIPMENT – NET

PROPERTY, PLANT AND EQUIPMENT – NET

31.12.2023

3,867.7

PROPERTY, PLANT AND EQUIPMENT – NET

Acquisitions/ Depreciation

367.9

PROPERTY, PLANT AND EQUIPMENT – NET

Disposals/ Reversals

(2.8)

PROPERTY, PLANT AND EQUIPMENT – NET

Translation difference

18.0

PROPERTY, PLANT AND EQUIPMENT – NET

Other movements(1)

(48.7)

PROPERTY, PLANT AND EQUIPMENT – NET

31.12.2024

4,202.0

€ millions 

2023

31.12.2022

Acquisitions/ Depreciation

Disposals/ Reversals/

Translation difference

Other movements(1)

31.12.2023

Land and buildings

Land and buildings

31.12.2022

2,489.1

Land and buildings

Acquisitions/ Depreciation

101.3

Land and buildings

Disposals/ Reversals/

(51.3)

Land and buildings

Translation difference

(37.2)

Land and buildings

Other movements(1)

160.5

Land and buildings

31.12.2023

2,662.4

Machinery and equipment

Machinery and equipment

31.12.2022

3,914.9

Machinery and equipment

Acquisitions/ Depreciation

176.9

Machinery and equipment

Disposals/ Reversals/

(108.6)

Machinery and equipment

Translation difference

(51.2)

Machinery and equipment

Other movements(1)

168.4

Machinery and equipment

31.12.2023

4,100.5

Point-of-sales advertising: stands and displays

Point-of-sales advertising: stands and displays

31.12.2022

1,630.5

Point-of-sales advertising: stands and displays

Acquisitions/ Depreciation

313.7

Point-of-sales advertising: stands and displays

Disposals/ Reversals/

(210.8)

Point-of-sales advertising: stands and displays

Translation difference

(53.5)

Point-of-sales advertising: stands and displays

Other movements(1)

89.2

Point-of-sales advertising: stands and displays

31.12.2023

1,769.1

Other property, plant and equipment and fixed assets in progress

Other property, plant and equipment and fixed assets in progress

31.12.2022

2,281.6

Other property, plant and equipment and fixed assets in progress

Acquisitions/ Depreciation

558.8

Other property, plant and equipment and fixed assets in progress

Disposals/ Reversals/

(128.5)

Other property, plant and equipment and fixed assets in progress

Translation difference

(57.0)

Other property, plant and equipment and fixed assets in progress

Other movements(1)

(181.2)

Other property, plant and equipment and fixed assets in progress

31.12.2023

2,473.7

Gross value

Gross value

31.12.2022

10,316.2

Gross value

Acquisitions/ Depreciation

1,150.6

Gross value

Disposals/ Reversals/

(499.2)

Gross value

Translation difference

(198.8)

Gross value

Other movements(1)

237.0

Gross value

31.12.2023

11,005.8

Land and buildings

Land and buildings

31.12.2022

1,352.7

Land and buildings

Acquisitions/ Depreciation

82.5

Land and buildings

Disposals/ Reversals/

(51.1)

Land and buildings

Translation difference

(19.7)

Land and buildings

Other movements(1)

0.8

Land and buildings

31.12.2023

1,365.2

Machinery and equipment

Machinery and equipment

31.12.2022

2,972.0

Machinery and equipment

Acquisitions/ Depreciation

268.4

Machinery and equipment

Disposals/ Reversals/

(108.3)

Machinery and equipment

Translation difference

(39.4)

Machinery and equipment

Other movements(1)

16.0

Machinery and equipment

31.12.2023

3,108.7

Point-of-sales advertising: stands and displays

Point-of-sales advertising: stands and displays

31.12.2022

1,246.5

Point-of-sales advertising: stands and displays

Acquisitions/ Depreciation

277.2

Point-of-sales advertising: stands and displays

Disposals/ Reversals/

(210.9)

Point-of-sales advertising: stands and displays

Translation difference

(41.3)

Point-of-sales advertising: stands and displays

Other movements(1)

40.3

Point-of-sales advertising: stands and displays

31.12.2023

1,311.9

Other property, plant and equipment

Other property, plant and equipment

31.12.2022

1,263.2

Other property, plant and equipment

Acquisitions/ Depreciation

169.3

Other property, plant and equipment

Disposals/ Reversals/

(127.8)

Other property, plant and equipment

Translation difference

(34.3)

Other property, plant and equipment

Other movements(1)

82.0

Other property, plant and equipment

31.12.2023

1,352.3

Depreciation and provisions

Depreciation and provisions

31.12.2022

6,834.5

Depreciation and provisions

Acquisitions/ Depreciation

797.3

Depreciation and provisions

Disposals/ Reversals/

(498.1)

Depreciation and provisions

Translation difference

(134.7)

Depreciation and provisions

Other movements(1)

139.1

Depreciation and provisions

31.12.2023

7,138.1

PROPERTY, PLANT AND EQUIPMENT – NET

PROPERTY, PLANT AND EQUIPMENT – NET

31.12.2022

3,481.7

PROPERTY, PLANT AND EQUIPMENT – NET

Acquisitions/ Depreciation

353.3

PROPERTY, PLANT AND EQUIPMENT – NET

Disposals/ Reversals/

(1.2)

PROPERTY, PLANT AND EQUIPMENT – NET

Translation difference

(64.0)

PROPERTY, PLANT AND EQUIPMENT – NET

Other movements(1)

97.9

PROPERTY, PLANT AND EQUIPMENT – NET

31.12.2023

3,867.7