BIC_REGISTRATION_DOCUMENT_2017

COMMENTS ON THE YEAR

4.1. Operations and consolidated results

150

The Group in 2017

150 152 154

2017 Group performance by category

2017 Group performance by geographical area

4.2. Financial situation and cash

157

4.3. Management of currency and interest rate risks

158

Hedging foreign exchange risks on international markets

158 158

Hedging interest rate risk

4.4. Dividends

159

4.5. Investments

160

Principal investments over recent years

160 161

Principal investments in 2017

Principal investments in progress: geographic distribution and financing methods

161 161

Principal future investments

4.6. Prospects for 2018 and strategy

162

2018 operational outlook Risks and opportunities

162 162 162 162

Performance goals

Recent events

149

BIC GROUP - 2017 REGISTRATION DOCUMENT

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