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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:to="AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="AdjustmentsForFinanceIncomeCost" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForFinanceIncomeCost" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="AdjustmentsForFinanceIncomeCost_verboseLabel_labelen" xml:lang="en">Adjustements for:  Financial expense/(income)</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="AdjustmentsForIncreaseDecreaseInEmployeeBenefitLiabilities_verboseLabel_labelen" xml:lang="en">Adjustments for: Provision for employee benefits</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForIncreaseDecreaseInEmployeeBenefitLiabilities" xlink:to="AdjustmentsForIncreaseDecreaseInEmployeeBenefitLiabilities_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="AdjustmentsForUnrealisedForeignExchangeLossesGains" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="AdjustmentsForUnrealisedForeignExchangeLossesGains_verboseLabel_labelen" xml:lang="en">Adjustments for: Unrealized foreign currency gain/loss</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForUnrealisedForeignExchangeLossesGains" xlink:to="AdjustmentsForUnrealisedForeignExchangeLossesGains_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="AdjustmentsForAmortisationExpense" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForAmortisationExpense" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="AdjustmentsForAmortisationExpense_verboseLabel_labelen" xml:lang="en">Adjustments for: Depreciation and amortization of intangible and tangible assets and investment properties</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForAmortisationExpense" xlink:to="AdjustmentsForAmortisationExpense_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives_verboseLabel_labelen" xml:lang="en">Adjustments for: Hedging and derivative instruments</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives" xlink:to="AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="AdjustmentsForProvisions" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForProvisions" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="AdjustmentsForProvisions_verboseLabel_labelen" xml:lang="en">Adjustments for: Other provisions (excluding provisions on current assets)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForProvisions" xlink:to="AdjustmentsForProvisions_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="AdministrativeExpense" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdministrativeExpense" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="AdministrativeExpense_verboseLabel_labelen" xml:lang="en">Administrative expenses</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdministrativeExpense" xlink:to="AdministrativeExpense_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="Assets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Assets" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="Assets_verboseLabel_labelen" xml:lang="en">Total assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Assets" xlink:to="Assets_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="AdjustmentsForDeferredTaxExpense" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForDeferredTaxExpense" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="AdjustmentsForDeferredTaxExpense_verboseLabel_labelen" xml:lang="en">Adjustments for: Deferred tax variation</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForDeferredTaxExpense" xlink:to="AdjustmentsForDeferredTaxExpense_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="AdjustmentsForSharebasedPayments" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForSharebasedPayments" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="AdjustmentsForSharebasedPayments_verboseLabel_labelen" xml:lang="en">Adjustments for: Recognition of share-based payments</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForSharebasedPayments" xlink:to="AdjustmentsForSharebasedPayments_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="AdjustmentsForIncomeTaxExpense" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForIncomeTaxExpense" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="AdjustmentsForIncomeTaxExpense_verboseLabel_labelen" xml:lang="en">Adjustements for: Income tax expense</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForIncomeTaxExpense" xlink:to="AdjustmentsForIncomeTaxExpense_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="BasicEarningsLossPerShare" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BasicEarningsLossPerShare" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="BasicEarningsLossPerShare_verboseLabel_labelen" xml:lang="en">Earnings per share Group share</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BasicEarningsLossPerShare" xlink:to="BasicEarningsLossPerShare_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="CashFlowsFromUsedInInvestingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="CashFlowsFromUsedInInvestingActivities_verboseLabel_labelen" xml:lang="en">Net cash from investing activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInInvestingActivities" xlink:to="CashFlowsFromUsedInInvestingActivities_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="CashFlowsFromUsedInOperatingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="CashFlowsFromUsedInOperatingActivities_verboseLabel_labelen" xml:lang="en">Net cash from operating activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInOperatingActivities" xlink:to="CashFlowsFromUsedInOperatingActivities_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="CashAndCashEquivalents" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashAndCashEquivalents" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="CashAndCashEquivalents_verboseLabel_labelen" xml:lang="en">Cash and cash equivalents</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalents" xlink:to="CashAndCashEquivalents_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_verboseLabel_labelen" xml:lang="en">Acquisition of subsidiaries</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:to="CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="CashFlowsFromUsedInFinancingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="CashFlowsFromUsedInFinancingActivities_verboseLabel_labelen" xml:lang="en">Net cash from financing activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInFinancingActivities" xlink:to="CashFlowsFromUsedInFinancingActivities_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital_verboseLabel_labelen" xml:lang="en">Cash flow from operations</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:to="CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ComprehensiveIncome" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComprehensiveIncome" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ComprehensiveIncome_verboseLabel_labelen" xml:lang="en">Total comprehensive income</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncome" xlink:to="ComprehensiveIncome_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="CostOfSales" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CostOfSales" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="CostOfSales_verboseLabel_labelen" xml:lang="en">Cost of goods</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSales" xlink:to="CostOfSales_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition_verboseLabel_labelen" xml:lang="en">Opening cash and cash equivalents net of bank overdrafts</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" xlink:to="CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="CurrentAssets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentAssets" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="CurrentAssets_verboseLabel_labelen" xml:lang="en">Current assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAssets" xlink:to="CurrentAssets_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ComprehensiveIncomeAttributableToOwnersOfParent" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ComprehensiveIncomeAttributableToOwnersOfParent_verboseLabel_labelen" xml:lang="en">Total comprehensive income attributable to Group</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncomeAttributableToOwnersOfParent" xlink:to="ComprehensiveIncomeAttributableToOwnersOfParent_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="CurrentDerivativeFinancialLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentDerivativeFinancialLiabilities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="CurrentDerivativeFinancialLiabilities_verboseLabel_labelen" xml:lang="en">Derivative instruments</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentDerivativeFinancialLiabilities" xlink:to="CurrentDerivativeFinancialLiabilities_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ComprehensiveIncomeAttributableToNoncontrollingInterests_verboseLabel_labelen" xml:lang="en">Total comprehensive income attributable to non-controlling interests</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:to="ComprehensiveIncomeAttributableToNoncontrollingInterests_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="CurrentLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentLiabilities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="CurrentLiabilities_verboseLabel_labelen" xml:lang="en">Current liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentLiabilities" xlink:to="CurrentLiabilities_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="CurrentDerivativeFinancialAssets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentDerivativeFinancialAssets" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="CurrentDerivativeFinancialAssets_verboseLabel_labelen" xml:lang="en">Derivative instruments</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentDerivativeFinancialAssets" xlink:to="CurrentDerivativeFinancialAssets_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="CurrentTaxLiabilitiesCurrent" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentTaxLiabilitiesCurrent" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="CurrentTaxLiabilitiesCurrent_verboseLabel_labelen" xml:lang="en">Current tax due</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTaxLiabilitiesCurrent" xlink:to="CurrentTaxLiabilitiesCurrent_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="DeferredTaxLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DeferredTaxLiabilities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="DeferredTaxLiabilities_verboseLabel_labelen" xml:lang="en">Deferred tax liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxLiabilities" xlink:to="DeferredTaxLiabilities_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="CurrentTaxAssetsCurrent" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentTaxAssetsCurrent" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="CurrentTaxAssetsCurrent_verboseLabel_labelen" xml:lang="en">Income tax advance payments</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTaxAssetsCurrent" xlink:to="CurrentTaxAssetsCurrent_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="DeferredTaxAssets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DeferredTaxAssets" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="DeferredTaxAssets_verboseLabel_labelen" xml:lang="en">Deferred tax assets</link:label>
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    <link:loc xlink:type="locator" xlink:label="DilutedEarningsLossPerShare" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DilutedEarningsLossPerShare" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="DilutedEarningsLossPerShare_verboseLabel_labelen" xml:lang="en">Diluted earnings per share Group share</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DilutedEarningsLossPerShare" xlink:to="DilutedEarningsLossPerShare_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="DistributionCosts" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DistributionCosts" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="DistributionCosts_verboseLabel_labelen" xml:lang="en">Distribution costs</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DistributionCosts" xlink:to="DistributionCosts_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="DividendsPaidClassifiedAsFinancingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DividendsPaidClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="DividendsPaidClassifiedAsFinancingActivities_verboseLabel_labelen" xml:lang="en">Dividends paid</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaidClassifiedAsFinancingActivities" xlink:to="DividendsPaidClassifiedAsFinancingActivities_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="EffectOfExchangeRateChangesOnCashAndCashEquivalents_verboseLabel_labelen" xml:lang="en">Exchange difference</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:to="EffectOfExchangeRateChangesOnCashAndCashEquivalents_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="EquityAttributableToOwnersOfParent" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAttributableToOwnersOfParent" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="EquityAttributableToOwnersOfParent_verboseLabel_labelen" xml:lang="en">Shareholders’ equity Group share</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAttributableToOwnersOfParent" xlink:to="EquityAttributableToOwnersOfParent_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="EquityAndLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAndLiabilities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="EquityAndLiabilities_verboseLabel_labelen" xml:lang="en">Total equity and liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAndLiabilities" xlink:to="EquityAndLiabilities_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="DividendsPaid" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DividendsPaid" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="DividendsPaid_verboseLabel_labelen" xml:lang="en">Dividends paid</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaid" xlink:to="DividendsPaid_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="EquityMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityMember" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="EquityMember_verboseLabel_labelen" xml:lang="en">Shareholders’ equity (member)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityMember" xlink:to="EquityMember_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="EquityAttributableToOwnersOfParentMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAttributableToOwnersOfParentMember" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="EquityAttributableToOwnersOfParentMember_verboseLabel_labelen" xml:lang="en">Shareholders’ equity Group share (member)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAttributableToOwnersOfParentMember" xlink:to="EquityAttributableToOwnersOfParentMember_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="Equity" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Equity" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="Equity_verboseLabel_labelen" xml:lang="en">Shareholders’ equity</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Equity" xlink:to="Equity_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="GrossProfit" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GrossProfit" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="GrossProfit_verboseLabel_labelen" xml:lang="en">Gross profit</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrossProfit" xlink:to="GrossProfit_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="IncreaseDecreaseInCashAndCashEquivalents" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="IncreaseDecreaseInCashAndCashEquivalents_verboseLabel_labelen" xml:lang="en">Net cash variation</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInCashAndCashEquivalents" xlink:to="IncreaseDecreaseInCashAndCashEquivalents_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_verboseLabel_labelen" xml:lang="en">Deferred tax on actuarial differences on post-employment benefits</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:to="IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="Goodwill" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Goodwill" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="Goodwill_verboseLabel_labelen" xml:lang="en">Goodwill</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Goodwill" xlink:to="Goodwill_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="IncomeTaxExpenseContinuingOperations" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="IncomeTaxExpenseContinuingOperations_verboseLabel_labelen" xml:lang="en">Income tax expense</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxExpenseContinuingOperations" xlink:to="IncomeTaxExpenseContinuingOperations_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss_verboseLabel_labelen" xml:lang="en">Deferred tax and current tax recognized on other comprehensive income</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" xlink:to="IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="IncomeTaxesPaidRefundClassifiedAsOperatingActivities_verboseLabel_labelen" xml:lang="en">Income tax paid</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:to="IncomeTaxesPaidRefundClassifiedAsOperatingActivities_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="IncreaseDecreaseThroughTransactionsWithOwners" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="IncreaseDecreaseThroughTransactionsWithOwners_verboseLabel_labelen" xml:lang="en">Total transactions with Shareholders</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughTransactionsWithOwners" xlink:to="IncreaseDecreaseThroughTransactionsWithOwners_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="IncreaseDecreaseThroughTransfersAndOtherChangesEquity_verboseLabel_labelen" xml:lang="en">Other changes in equity</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:to="IncreaseDecreaseThroughTransfersAndOtherChangesEquity_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="IncreaseDecreaseThroughTreasuryShareTransactions" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughTreasuryShareTransactions" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="IncreaseDecreaseThroughTreasuryShareTransactions_verboseLabel_labelen" xml:lang="en">Treasury shares</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughTreasuryShareTransactions" xlink:to="IncreaseDecreaseThroughTreasuryShareTransactions_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="IncreaseDecreaseInWorkingCapital" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInWorkingCapital" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="IncreaseDecreaseInWorkingCapital_verboseLabel_labelen" xml:lang="en">(Increase)/Decrease in net working capital</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInWorkingCapital" xlink:to="IncreaseDecreaseInWorkingCapital_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="IncreaseDecreaseThroughSharebasedPaymentTransactions_verboseLabel_labelen" xml:lang="en">Recognition of share-based payments</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:to="IncreaseDecreaseThroughSharebasedPaymentTransactions_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="IncreaseDecreaseInNumberOfOrdinarySharesIssued" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="IncreaseDecreaseInNumberOfOrdinarySharesIssued_verboseLabel_labelen" xml:lang="en">Cancelled shares during the period</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInNumberOfOrdinarySharesIssued" xlink:to="IncreaseDecreaseInNumberOfOrdinarySharesIssued_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="InterestIncomeOnCashAndCashEquivalents" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestIncomeOnCashAndCashEquivalents" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="InterestIncomeOnCashAndCashEquivalents_verboseLabel_labelen" xml:lang="en">Income from cash and cash equivalents</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestIncomeOnCashAndCashEquivalents" xlink:to="InterestIncomeOnCashAndCashEquivalents_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="Inventories" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Inventories" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="Inventories_verboseLabel_labelen" xml:lang="en">Inventories</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Inventories" xlink:to="Inventories_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="InvestmentProperty" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InvestmentProperty" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="InvestmentProperty_verboseLabel_labelen" xml:lang="en">Investment properties</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentProperty" xlink:to="InvestmentProperty_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="IssueOfEquity" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IssueOfEquity" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="IssueOfEquity_verboseLabel_labelen" xml:lang="en">Increase in share capital</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssueOfEquity" xlink:to="IssueOfEquity_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="IssuedCapitalMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IssuedCapitalMember" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="IssuedCapitalMember_verboseLabel_labelen" xml:lang="en">Share capital (member)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssuedCapitalMember" xlink:to="IssuedCapitalMember_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="IssuedCapital" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IssuedCapital" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="IssuedCapital_verboseLabel_labelen" xml:lang="en">Share capital</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssuedCapital" xlink:to="IssuedCapital_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="IntangibleAssetsOtherThanGoodwill" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwill" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="IntangibleAssetsOtherThanGoodwill_verboseLabel_labelen" xml:lang="en">Other intangible assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntangibleAssetsOtherThanGoodwill" xlink:to="IntangibleAssetsOtherThanGoodwill_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="NoncurrentProvisionsForEmployeeBenefits" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentProvisionsForEmployeeBenefits" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="NoncurrentProvisionsForEmployeeBenefits_verboseLabel_labelen" xml:lang="en">Employee benefits obligation</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentProvisionsForEmployeeBenefits" xlink:to="NoncurrentProvisionsForEmployeeBenefits_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="NoncurrentDerivativeFinancialLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentDerivativeFinancialLiabilities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="NoncurrentDerivativeFinancialLiabilities_verboseLabel_labelen" xml:lang="en">Derivative instruments</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentDerivativeFinancialLiabilities" xlink:to="NoncurrentDerivativeFinancialLiabilities_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="NoncurrentDerivativeFinancialAssets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentDerivativeFinancialAssets" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="NoncurrentDerivativeFinancialAssets_verboseLabel_labelen" xml:lang="en">Derivative instruments</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentDerivativeFinancialAssets" xlink:to="NoncurrentDerivativeFinancialAssets_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_verboseLabel_labelen" xml:lang="en">Exchange differences arising on translation of overseas operations</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation" xlink:to="OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="NoncurrentAssets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentAssets" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="NoncurrentAssets_verboseLabel_labelen" xml:lang="en">Non-current assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentAssets" xlink:to="NoncurrentAssets_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="OtherCurrentLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherCurrentLiabilities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="OtherCurrentLiabilities_verboseLabel_labelen" xml:lang="en">Other current liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrentLiabilities" xlink:to="OtherCurrentLiabilities_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="OtherCurrentNonfinancialAssets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherCurrentNonfinancialAssets" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="OtherCurrentNonfinancialAssets_verboseLabel_labelen" xml:lang="en">Other current assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrentNonfinancialAssets" xlink:to="OtherCurrentNonfinancialAssets_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="NoncontrollingInterests" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="NoncontrollingInterests_verboseLabel_labelen" xml:lang="en">Non-controlling interests</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterests" xlink:to="NoncontrollingInterests_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="NoncontrollingInterestsMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncontrollingInterestsMember" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="NoncontrollingInterestsMember_verboseLabel_labelen" xml:lang="en">Noncontrolling interests (member)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestsMember" xlink:to="NoncontrollingInterestsMember_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="OtherComprehensiveIncome" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncome" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="OtherComprehensiveIncome_verboseLabel_labelen" xml:lang="en">Other comprehensive income</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncome" xlink:to="OtherComprehensiveIncome_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="OtherFinanceIncomeCost" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherFinanceIncomeCost" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="OtherFinanceIncomeCost_verboseLabel_labelen" xml:lang="en">Net finance income/(Net finance costs)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherFinanceIncomeCost" xlink:to="OtherFinanceIncomeCost_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="NoncurrentLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentLiabilities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="NoncurrentLiabilities_verboseLabel_labelen" xml:lang="en">Non-current liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentLiabilities" xlink:to="NoncurrentLiabilities_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="OtherComprehensiveIncomeBeforeTaxCashFlowHedges" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="OtherComprehensiveIncomeBeforeTaxCashFlowHedges_verboseLabel_labelen" xml:lang="en">Gain/(Loss) on cash flow hedge</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeBeforeTaxCashFlowHedges" xlink:to="OtherComprehensiveIncomeBeforeTaxCashFlowHedges_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="OtherNoncurrentFinancialLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherNoncurrentFinancialLiabilities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="OtherNoncurrentFinancialLiabilities_verboseLabel_labelen" xml:lang="en">Non-current borrowings</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentFinancialLiabilities" xlink:to="OtherNoncurrentFinancialLiabilities_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="OtherExpenseByFunction" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherExpenseByFunction" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="OtherExpenseByFunction_verboseLabel_labelen" xml:lang="en">Other expenses</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherExpenseByFunction" xlink:to="OtherExpenseByFunction_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="OtherLongtermProvisions" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherLongtermProvisions" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="OtherLongtermProvisions_verboseLabel_labelen" xml:lang="en">Provisions</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherLongtermProvisions" xlink:to="OtherLongtermProvisions_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="OtherNoncurrentAssets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherNoncurrentAssets" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="OtherNoncurrentAssets_verboseLabel_labelen" xml:lang="en">Other non-current assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentAssets" xlink:to="OtherNoncurrentAssets_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="OtherCurrentFinancialAssets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherCurrentFinancialAssets" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="OtherCurrentFinancialAssets_verboseLabel_labelen" xml:lang="en">Other current financial assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrentFinancialAssets" xlink:to="OtherCurrentFinancialAssets_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities_verboseLabel_labelen" xml:lang="en">(Increase)/Decrease in other investments</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities" xlink:to="OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_verboseLabel_labelen" xml:lang="en">Equity instruments at fair value</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:to="OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_verboseLabel_labelen" xml:lang="en">Other comprehensive income recyclable to the income statement – Net of tax</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:to="OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="OtherIncome" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherIncome" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="OtherIncome_verboseLabel_labelen" xml:lang="en">Other income</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherIncome" xlink:to="OtherIncome_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_verboseLabel_labelen" xml:lang="en">Actuarial differences on post-employment benefits not recyclable to the income statement</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:to="OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="OtherCurrentFinancialLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherCurrentFinancialLiabilities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="OtherCurrentFinancialLiabilities_verboseLabel_labelen" xml:lang="en">Current borrowings</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrentFinancialLiabilities" xlink:to="OtherCurrentFinancialLiabilities_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="OtherReservesMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherReservesMember" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="OtherReservesMember_verboseLabel_labelen" xml:lang="en">Accumulated profits (member)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherReservesMember" xlink:to="OtherReservesMember_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_verboseLabel_labelen" xml:lang="en">Other comprehensive income not recyclable to the income statement – Net of tax</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:to="OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="PaymentsToAcquireOrRedeemEntitysShares" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PaymentsToAcquireOrRedeemEntitysShares" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="PaymentsToAcquireOrRedeemEntitysShares_verboseLabel_labelen" xml:lang="en">Increase in treasury shares</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsToAcquireOrRedeemEntitysShares" xlink:to="PaymentsToAcquireOrRedeemEntitysShares_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="OtherNoncurrentLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherNoncurrentLiabilities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="OtherNoncurrentLiabilities_verboseLabel_labelen" xml:lang="en">Other non-current liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentLiabilities" xlink:to="OtherNoncurrentLiabilities_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="PaymentsOfOtherEquityInstruments" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PaymentsOfOtherEquityInstruments" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="PaymentsOfOtherEquityInstruments_verboseLabel_labelen" xml:lang="en">Purchase of financial instruments</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfOtherEquityInstruments" xlink:to="PaymentsOfOtherEquityInstruments_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ProfitLossFromDiscontinuedOperations" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossFromDiscontinuedOperations" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ProfitLossFromDiscontinuedOperations_verboseLabel_labelen" xml:lang="en">Net income from discontinued operations</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossFromDiscontinuedOperations" xlink:to="ProfitLossFromDiscontinuedOperations_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ProfitLossBeforeTax" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossBeforeTax" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ProfitLossBeforeTax_verboseLabel_labelen" xml:lang="en">Income before tax</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossBeforeTax" xlink:to="ProfitLossBeforeTax_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_verboseLabel_labelen" xml:lang="en">Payments of obligations under leases</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:to="PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ProfitLossAttributableToNoncontrollingInterests" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossAttributableToNoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ProfitLossAttributableToNoncontrollingInterests_verboseLabel_labelen" xml:lang="en">Consolidated income of which non-controlling interests</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossAttributableToNoncontrollingInterests" xlink:to="ProfitLossAttributableToNoncontrollingInterests_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities_verboseLabel_labelen" xml:lang="en">Sale of other current financial assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:to="ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ProfitLossAttributableToOwnersOfParent" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossAttributableToOwnersOfParent" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ProfitLossAttributableToOwnersOfParent_verboseLabel_labelen" xml:lang="en">Consolidated income of which net income Group share</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossAttributableToOwnersOfParent" xlink:to="ProfitLossAttributableToOwnersOfParent_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ProfitLossFromOperatingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossFromOperatingActivities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ProfitLossFromOperatingActivities_verboseLabel_labelen" xml:lang="en">Income from operations</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossFromOperatingActivities" xlink:to="ProfitLossFromOperatingActivities_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_verboseLabel_labelen" xml:lang="en">Purchases of intangible assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:to="PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ProfitLossFromContinuingOperations" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossFromContinuingOperations" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ProfitLossFromContinuingOperations_verboseLabel_labelen" xml:lang="en">Net income from continuing operations</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossFromContinuingOperations" xlink:to="ProfitLossFromContinuingOperations_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="PropertyPlantAndEquipment" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PropertyPlantAndEquipment" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="PropertyPlantAndEquipment_verboseLabel_labelen" xml:lang="en">Property, plant and equipment</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipment" xlink:to="PropertyPlantAndEquipment_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ProfitLoss" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLoss" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ProfitLoss_verboseLabel_labelen" xml:lang="en">Net income from consolidated entities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLoss" xlink:to="ProfitLoss_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_verboseLabel_labelen" xml:lang="en">Purchases of property, plant and equipment</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:to="PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities_verboseLabel_labelen" xml:lang="en">Purchase of other current financial assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:to="PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ReserveOfRemeasurementsOfDefinedBenefitPlansMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReserveOfRemeasurementsOfDefinedBenefitPlansMember" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ReserveOfRemeasurementsOfDefinedBenefitPlansMember_verboseLabel_labelen" xml:lang="en">Actuarial differences recognized in equity (member)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfRemeasurementsOfDefinedBenefitPlansMember" xlink:to="ReserveOfRemeasurementsOfDefinedBenefitPlansMember_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ReserveOfCashFlowHedgesMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReserveOfCashFlowHedgesMember" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ReserveOfCashFlowHedgesMember_verboseLabel_labelen" xml:lang="en">Cash flow hedge derivatives (member)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfCashFlowHedgesMember" xlink:to="ReserveOfCashFlowHedgesMember_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="RevenueFromContractsWithCustomers" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RevenueFromContractsWithCustomers" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="RevenueFromContractsWithCustomers_verboseLabel_labelen" xml:lang="en">Net sales</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueFromContractsWithCustomers" xlink:to="RevenueFromContractsWithCustomers_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ReserveOfExchangeDifferencesOnTranslationMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ReserveOfExchangeDifferencesOnTranslationMember_verboseLabel_labelen" xml:lang="en">Translation reserve (member)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfExchangeDifferencesOnTranslationMember" xlink:to="ReserveOfExchangeDifferencesOnTranslationMember_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ReductionOfIssuedCapital" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReductionOfIssuedCapital" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ReductionOfIssuedCapital_verboseLabel_labelen" xml:lang="en">Decrease in share capital (a)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReductionOfIssuedCapital" xlink:to="ReductionOfIssuedCapital_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="TradeAndOtherCurrentPayablesToTradeSuppliers_verboseLabel_labelen" xml:lang="en">Trade and other payables</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:to="TradeAndOtherCurrentPayablesToTradeSuppliers_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="AdjustementsForGainOnSaleOfClichyHeadquarters" xlink:href="bic-2021-12-31.xsd#bic_AdjustementsForGainOnSaleOfClichyHeadquarters" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="AdjustementsForGainOnSaleOfClichyHeadquarters_label_labelen" xml:lang="en">Adjustements For Gain On Sale Of Clichy Headquarters</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustementsForGainOnSaleOfClichyHeadquarters" xlink:to="AdjustementsForGainOnSaleOfClichyHeadquarters_label_labelen" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="AdjustementsForGainOnSaleOfClichyHeadquarters_verboseLabel_labelen" xml:lang="en">Adjustments for: Gain on sale of Clichy headquarters</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustementsForGainOnSaleOfClichyHeadquarters" xlink:to="AdjustementsForGainOnSaleOfClichyHeadquarters_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="IncomeAndExpenseWithoutCashImpactArgentinaHyperinflationaryAccounting" xlink:href="bic-2021-12-31.xsd#bic_IncomeAndExpenseWithoutCashImpactArgentinaHyperinflationaryAccounting" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="IncomeAndExpenseWithoutCashImpactArgentinaHyperinflationaryAccounting_label_labelen" xml:lang="en">Income And Expense Without Cash Impact Argentina Hyperinflationary Accounting</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeAndExpenseWithoutCashImpactArgentinaHyperinflationaryAccounting" xlink:to="IncomeAndExpenseWithoutCashImpactArgentinaHyperinflationaryAccounting_label_labelen" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="IncomeAndExpenseWithoutCashImpactArgentinaHyperinflationaryAccounting_verboseLabel_labelen" xml:lang="en">Adjustments for: Argentina hyperinflationary accounting</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeAndExpenseWithoutCashImpactArgentinaHyperinflationaryAccounting" xlink:to="IncomeAndExpenseWithoutCashImpactArgentinaHyperinflationaryAccounting_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="TradeAndOtherCurrentReceivables" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TradeAndOtherCurrentReceivables" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="TradeAndOtherCurrentReceivables_verboseLabel_labelen" xml:lang="en">Trade and other receivables</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherCurrentReceivables" xlink:to="TradeAndOtherCurrentReceivables_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="CurrencyMember" xlink:href="bic-2021-12-31.xsd#bic_CurrencyMember" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="CurrencyMember_label_labelen" xml:lang="en">Currency Member</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrencyMember" xlink:to="CurrencyMember_label_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="HyperinflationImpactInArgentina" xlink:href="bic-2021-12-31.xsd#bic_HyperinflationImpactInArgentina" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="HyperinflationImpactInArgentina_verboseLabel_labelen" xml:lang="en">Hyperinflation impact in Argentina</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HyperinflationImpactInArgentina" xlink:to="HyperinflationImpactInArgentina_verboseLabel_labelen" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="HyperinflationImpactInArgentina_label_labelen" xml:lang="en">Hyperinflation Impact In Argentina</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HyperinflationImpactInArgentina" xlink:to="HyperinflationImpactInArgentina_label_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="OtherOperationalExpense" xlink:href="bic-2021-12-31.xsd#bic_OtherOperationalExpense" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="OtherOperationalExpense_verboseLabel_labelen" xml:lang="en">Other operating expenses</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperationalExpense" xlink:to="OtherOperationalExpense_verboseLabel_labelen" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="OtherOperationalExpense_label_labelen" xml:lang="en">Other Operational Expense</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperationalExpense" xlink:to="OtherOperationalExpense_label_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="AdjustementsForGainOnDisposalOfPimaco" xlink:href="bic-2021-12-31.xsd#bic_AdjustementsForGainOnDisposalOfPimaco" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="AdjustementsForGainOnDisposalOfPimaco_verboseLabel_labelen" xml:lang="en">Adjustments for: Gain on disposal of PIMACO</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustementsForGainOnDisposalOfPimaco" xlink:to="AdjustementsForGainOnDisposalOfPimaco_verboseLabel_labelen" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="AdjustementsForGainOnDisposalOfPimaco_label_labelen" xml:lang="en">Adjustements For Gain On Disposal Of Pimaco</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustementsForGainOnDisposalOfPimaco" xlink:to="AdjustementsForGainOnDisposalOfPimaco_label_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ReservesAndRetainedEarnings" xlink:href="bic-2021-12-31.xsd#bic_ReservesAndRetainedEarnings" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ReservesAndRetainedEarnings_label_labelen" xml:lang="en">Reserves And Retained Earnings</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReservesAndRetainedEarnings" xlink:to="ReservesAndRetainedEarnings_label_labelen" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ReservesAndRetainedEarnings_verboseLabel_labelen" xml:lang="en">Reserves and retained earnings</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReservesAndRetainedEarnings" xlink:to="ReservesAndRetainedEarnings_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="SaleOfClichyHeadquarters" xlink:href="bic-2021-12-31.xsd#bic_SaleOfClichyHeadquarters" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="SaleOfClichyHeadquarters_verboseLabel_labelen" xml:lang="en">Sale of Clichy headquarters</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SaleOfClichyHeadquarters" xlink:to="SaleOfClichyHeadquarters_verboseLabel_labelen" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SaleOfClichyHeadquarters_label_labelen" xml:lang="en">Sale Of Clichy Headquarters</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SaleOfClichyHeadquarters" xlink:to="SaleOfClichyHeadquarters_label_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ReserveOfChangeInValueOfHedging" xlink:href="bic-2021-12-31.xsd#bic_ReserveOfChangeInValueOfHedging" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ReserveOfChangeInValueOfHedging_label_labelen" xml:lang="en">Reserve Of Change In Value Of Hedging</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfChangeInValueOfHedging" xlink:to="ReserveOfChangeInValueOfHedging_label_labelen" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ReserveOfChangeInValueOfHedging_verboseLabel_labelen" xml:lang="en">Cost of hedging through OCI (member)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfChangeInValueOfHedging" xlink:to="ReserveOfChangeInValueOfHedging_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="AdjustementsForSubsidiariesAcquisitionCosts" xlink:href="bic-2021-12-31.xsd#bic_AdjustementsForSubsidiariesAcquisitionCosts" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="AdjustementsForSubsidiariesAcquisitionCosts_label_labelen" xml:lang="en">Adjustements For Subsidiaries Acquisition Costs</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustementsForSubsidiariesAcquisitionCosts" xlink:to="AdjustementsForSubsidiariesAcquisitionCosts_label_labelen" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="AdjustementsForSubsidiariesAcquisitionCosts_verboseLabel_labelen" xml:lang="en">Adjustments for: Subsidiaries acquisition costs</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustementsForSubsidiariesAcquisitionCosts" xlink:to="AdjustementsForSubsidiariesAcquisitionCosts_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="CurrencyAxis" xlink:href="bic-2021-12-31.xsd#bic_CurrencyAxis" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="CurrencyAxis_label_labelen" xml:lang="en">Currency Axis</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrencyAxis" xlink:to="CurrencyAxis_label_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="MexicanPesoMember" xlink:href="bic-2021-12-31.xsd#bic_MexicanPesoMember" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="MexicanPesoMember_label_labelen" xml:lang="en">Mexican Peso Member</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MexicanPesoMember" xlink:to="MexicanPesoMember_label_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="PaymentsRelatedToEmployeeBenefits" xlink:href="bic-2021-12-31.xsd#bic_PaymentsRelatedToEmployeeBenefits" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="PaymentsRelatedToEmployeeBenefits_verboseLabel_labelen" xml:lang="en">Payments related to employee benefits</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsRelatedToEmployeeBenefits" xlink:to="PaymentsRelatedToEmployeeBenefits_verboseLabel_labelen" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="PaymentsRelatedToEmployeeBenefits_label_labelen" xml:lang="en">Payments Related To Employee Benefits</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsRelatedToEmployeeBenefits" xlink:to="PaymentsRelatedToEmployeeBenefits_label_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="USDollarMember" xlink:href="bic-2021-12-31.xsd#bic_USDollarMember" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="USDollarMember_label_labelen" xml:lang="en">U S Dollar Member</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="USDollarMember" xlink:to="USDollarMember_label_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="AdjustementsForOptionPremiumExpense" xlink:href="bic-2021-12-31.xsd#bic_AdjustementsForOptionPremiumExpense" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="AdjustementsForOptionPremiumExpense_label_labelen" xml:lang="en">Adjustements For Option Premium Expense</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustementsForOptionPremiumExpense" xlink:to="AdjustementsForOptionPremiumExpense_label_labelen" xlink:type="arc" />
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustementsForOptionPremiumExpense" xlink:to="AdjustementsForOptionPremiumExpense_verboseLabel_labelen" xlink:type="arc" />
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