Q1 revenues beat consensus (€618m, +12.4% yoy). The quarter was very good, thanks to organic growth in all regions and particularly in China, Australia and South Africa (Asia-Pacific, Africa +25.1%, of which organic +20.9%). The EBIT (before associates) was in line with expectations, at €89m (+11.3% yoy). The same for net income, at €66m (+12.6% yoy). Outlook 2017: - revenues growth at 4-6%; - EBIT +1-5%.
28 Apr 2017
EBIT to grow +1-5% in 2017
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EBIT to grow +1-5% in 2017
Q1 revenues beat consensus (€618m, +12.4% yoy). The quarter was very good, thanks to organic growth in all regions and particularly in China, Australia and South Africa (Asia-Pacific, Africa +25.1%, of which organic +20.9%). The EBIT (before associates) was in line with expectations, at €89m (+11.3% yoy). The same for net income, at €66m (+12.6% yoy). Outlook 2017: - revenues growth at 4-6%; - EBIT +1-5%.