Eurazeo / 2018 Registration document

CONSOLIDATED FINANCIAL STATEMENTS Notes to the Consolidated Financial Statements

OPERATING DATA NOTE 4

Revenue 4.1 Eurazeo group consolidated revenue totals €4,366 million for 2018 compared with €3,440 million for 2017. This increase is primarily due to the change in the consolidation scope following the acquisition of the C2S, Nest Fragrances, Idinvest and WorldStrides groups.

Other income 4.2 Other income in 2017 and 2018 breaks down as follows:

Note

2018

2017

(In thousands of euros)

Capital gains (losses) and disposal costs

416,414 (4,349) 136,741

315,671 (4,258) 260,662 (3,203) 33,345 602,217

Fair value gains (losses) on investment properties Fair value gains (losses) on financial assets Fair value gains (losses) on other non-current assets

7

8.2 8.2

-

Other income and expenses

71,865

OTHER INCOME

620,670

Capital gains (losses) on the securities portfolio 4.2.1 Capital gains on the securities portfolio in 2018 primarily concern the partial disposal of Moncler shares (€19.4 million, net of disposal costs and before the release of reserves to profit or loss) and the sale of the entire investment in the AccorHotels (€27.3 million), Asmodee (€252.0 million, net of disposal costs and before the release of foreign currency translation and hedging reserves to profit or loss), Banca Leonardo, Desigual, Vignal Lighting Group and Odealim groups. The net gain on disposal/deconsolidation (i.e. net of foreign currency translation and hedging reserves released to profit or loss) is €401.2 million, including €236.8 million for Asmodee, €37.0 million for Odealim, €31.6 million for Vignal Lighting Group, €27.3 million for AccorHotels and €24.0 million for Desigual. In 2017, capital gains on the securities portfolio primarily concerned the partial disposals of Elis, Europcar and Moncler shares

(€127.2 million, €61.5 million and €75.2 million, net of disposal costs and before the release of reserves to profit or loss, respectively) and the sale of the entire investment in the ANF Immobilier group (-€37.9 million, net of disposal costs and before the release of reserves to profit or loss). In 2017, the net gain on disposal/deconsolidation (i.e. net of foreign currency translation and hedging reserves released to profit or loss) was €300.0 million, including €127.2 million for Elis, €56.6 million for Europcar, €75.2 million for Moncler and -€46.6 million for ANF Immobilier. Fair value gains (losses) on financial assets 4.2.2 Fair value gains and losses on financial assets mainly concern the remaining Moncler shares and Eurazeo Croissance shares (see Note 8.2).

Eurazeo

230

2018 Registration Document