Sales in H1 16/17 reached €12,151m (+0% -0.1% at CER and +0.1% lfl), EBIT before special items €289m (-15.5%), net result before special items €146m (-30%) and net profit €122m (-37.5%). These numbers do not include discontinued operations (net profit down from €349m to €249m). Net debt at the end of H1 was €-0.7bn (i.e. a net cash position) vs €0.1bn in Q1. For the full-year, the group anticipates a slight rise in sales in continuing operations despite
31 May 2017
H1 16/17: soft numbers and the demerger ahead
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H1 16/17: soft numbers and the demerger ahead
Sales in H1 16/17 reached €12,151m (+0% -0.1% at CER and +0.1% lfl), EBIT before special items €289m (-15.5%), net result before special items €146m (-30%) and net profit €122m (-37.5%). These numbers do not include discontinued operations (net profit down from €349m to €249m). Net debt at the end of H1 was €-0.7bn (i.e. a net cash position) vs €0.1bn in Q1. For the full-year, the group anticipates a slight rise in sales in continuing operations despite