Financial press Release

Steady trends in Q3 2016 Revenue momentum and cost discipline continue

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Steady trends in Q3 2016

Revenue momentum and cost discipline continue

Third quarter 2016 highlights

 

  • Revenues up 3% organically[1]
  • Gross margin down 20 bps to 18.7%
  • EBITA[2] excluding one-offs[3] EUR 320 million
  • EBITA margin excluding one-offs 5.5%, down 30 bps
  • Revenues in September up 4%, organically and adjusted for trading days
  • DSO down 1 day to 52 days; net debt[4] to EBITDA ratio[5] 1.0x

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