Q1 17 revenues were €3,721m (+4.7%, +3.8% organic), EBITDA €614m (+7.1%, +2.1% organic), and EBIT €281m (+10.8%, +2.6% organic). Net debt in Q1 was €8,125m vs €8,042m at year-end 2016. The group’s outlook is for a slight organic growth in revenue and EBIT, a free cash flow of around €1bn and a net debt/EBITDA ratio of around 3x (unchanged compared to year-end 2017). This outlook excludes the GE Water acquisition, which is in our numbers.
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Q1 17: on track
- Published:
10 May 2017 -
Author:
Fabrice Farigoule -
Pages:
2
Q1 17 revenues were €3,721m (+4.7%, +3.8% organic), EBITDA €614m (+7.1%, +2.1% organic), and EBIT €281m (+10.8%, +2.6% organic). Net debt in Q1 was €8,125m vs €8,042m at year-end 2016. The group’s outlook is for a slight organic growth in revenue and EBIT, a free cash flow of around €1bn and a net debt/EBITDA ratio of around 3x (unchanged compared to year-end 2017). This outlook excludes the GE Water acquisition, which is in our numbers.