Q4 sales of €8.1 billion, up 7.9% driven by currency and improved sales trends (up 2.6% at constant exchange rates) Underlying operating margin of 3.7%; excluding the impact of the SPAR acquisition, stable versus prior two quarters at 3.9% Simplicity program 2012-2014 achieved €865 million; new target for 2015 of €350 million Strong free cash…