Danone // 2020 Universal Registration Document

DANONE UNIVERSAL REGISTRATION DOCUMENT 2020 76 4.1 Consolidated financial statements and notes to the consolidated financial statements Note 6. Information concerning the Group’ s operating activities • Recurring operating margin, which corresponds to the ratio of Recurring operating income to Sales. Only these indicators aremonitored by Reporting Entity: the other key indicators reviewed and used internally by the primary operational decision-makers are monitored at Group level. Information by Reporting Entity Year ended December 31 (in € millions, except percentage) Sales (a) Recurring operating income Recurring operating margin 2019 2020 2019 2020 2019 2020 EDP 13,163 12,823 1,345 1,303 10.2% 10.2% Specialized Nutrition 7,556 7,192 1,908 1,763 25.3% 24.5% Waters 4,568 3,605 593 251 13.0% 7.0% Group total 25,287 23,620 3,846 3,317 15.2% 14.0% (a) Net sales to third parties. Reporting by geographical area Sales, Recurring operating income and Recurring operating margin Year ended December 31 (in € millions, except percentage) Sales (a) Recurring operating income Recurring operating margin 2019 2020 2019 2020 2019 2020 Europe and Noram (b) 13,710 13,408 1,999 1,823 14.6% 13.6% Rest of the World 11,577 10,212 1,847 1,494 16.0% 14.6% Group total 25,287 23,620 3,846 3,317 15.2% 14.0% (a) Net sales to third parties. (b) Including net sales of €2,011 million generated in France in 2020 (€2,190 million in 2019). Top ten countries contributing to sales Year ended December 31 (in percentage) 2019 2020 United States 19% 21% China 10% 9% France 9% 9% Russia 6% 6% Indonesia 6% 6% United Kingdom 5% 5% Spain 4% 4% Mexico 5% 4% Germany 3% 3% Poland 2% 2% Non-current assets: property, plant and equipment and intangible assets As of December 31 (in € millions) 2019 2020 Europe and Noram (a) 23,621 22,576 Rest of the World 8,026 7,032 Group total 31,647 29,609 (a) Including €2,528 million in France as of December 31, 2020 (€2,396 million as of December 31, 2019).