Sales in Q1 16/17 reached €16,986m (-0.6%, -0.4% at CER and +0.1% lfl), EBITDA €1,055m (+0.7%), EBIT before special items €821m (-0.8%), net result before special items €381m (+3.8%) and net profit €200m (-63.7%). Net debt at the end of Q1 was unchanged at €0.1bn. For the full year, the group anticipates a slight rise in sales despite the “persisting challenging economic environment” and a slightly better performance than in FY15/16 at Real.
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Q1 16/17: not too exciting
Sales in Q1 16/17 reached €16,986m (-0.6%, -0.4% at CER and +0.1% lfl), EBITDA €1,055m (+0.7%), EBIT before special items €821m (-0.8%), net result before special items €381m (+3.8%) and net profit €200m (-63.7%). Net debt at the end of Q1 was unchanged at €0.1bn. For the full year, the group anticipates a slight rise in sales despite the “persisting challenging economic environment” and a slightly better performance than in FY15/16 at Real.