in millions of euros and as a % of revenues
Operating margin amounted to €1,493 million, or
11.7% of revenues, an increase of 20 basis points year-on-year, in line with annual objectives. Profitability continued to improve, reflecting the Group’s ability to pursue industrialization while rapidly expanding its innovation businesses.
* Operating margin is one of the Group’s key performance indicators. It is defined as the difference between revenues and operating expenses and it is calculated before “Other operating income and expenses”.