SOLID PERFORMANCE IN Q2 2016

Workforce Transformation
Solid performance in Q2 2016
Q2 growth trend continued in July
August 10, 2016
CORPORATE

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


[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.


[3] One-offs comprise integration costs of EUR 2 million in Q2 2016, integration costs of EUR 5 million in Q2 2015 and costs for contractual obligations to the former CEO and CFO of EUR 10 million in Q2 2015.