First quarter 2016 highlights

• Revenues up 4% organically  ^[1] 

• Gross profit up 2% organically

• Gross margin down 10 bps to 19.0%, impacted by timing of bank holidays

• SG&A up 4% organically

• EBITA  ^[2] ;of EUR 228 million, down 5% organically

• EBITA margin of 4.3%, down 30 bps 

• Closing of Penna Consulting Plc acquisition expected to be effective as of today May 10, 2016

 ^[1]  Organic growth is a non-US GAAP measure and excludes the impact of currency, acquisitions and divestitures.

 ^[2]  EBITA is a non-US GAAP measure and refers to operating income before amortisation and impairment of goodwill and intangible assets.