Solid performance in Q2 2016
August 10, 2016
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Solid performance in Q2 2016
Q2 growth trend continued in July
Second quarter 2016 highlights
- Revenues up 4% organically[1]
- Gross profit up 5% organically
- Gross margin up 10 bps to 18.8%
- EBITA[2]excluding one-offs[3] EUR 284 million, up 6% organically
- EBITA margin excluding one-offs 5.0%, up 10 bps
- Strong cash flow from operating activities of EUR 178 million, DSO down by 1 day to 51 days
