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.