Q3 revenues were €566m (+7% yoy), slightly below consensus estimates. EBIT came in at €93m (+10% yoy), slightly below consensus. Net income was €65m, just marginally below consensus. Guidance 2016 has been confirmed: growth of revenues at the top end of +7-11% range (“at the top end” is an improvement); +7-8% after currency effects; EBIT increased to +4-6% (vs. +3-7%); FCF before acquisition in the upper end of €170-200m range (here also “upper end&
03 Nov 2016
Revenues supported by Europe; guidance for 2016 confirmed
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Revenues supported by Europe; guidance for 2016 confirmed
Q3 revenues were €566m (+7% yoy), slightly below consensus estimates. EBIT came in at €93m (+10% yoy), slightly below consensus. Net income was €65m, just marginally below consensus. Guidance 2016 has been confirmed: growth of revenues at the top end of +7-11% range (“at the top end” is an improvement); +7-8% after currency effects; EBIT increased to +4-6% (vs. +3-7%); FCF before acquisition in the upper end of €170-200m range (here also “upper end&