Q2 sales were clearly fuelled by favourable FX developments (+9%), bringing sales up +6% to €3,949m. The gross profit margin jumped from 40.0% to 46.5% and EBITDA strongly rose by +32% to €610m. Net profit attributable to shareholders soared up from €205m to €331m. Q2 operating CF moved up just tiny blip (+€14m to €407m,) dampened by higher NWC outflow, higher provisions (ICI pension funds) and lower other changes. Investing CF came in at €-37m (€-147m)
21 Jul 2015
Humble organic performance, but increasing profitability
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Humble organic performance, but increasing profitability
Q2 sales were clearly fuelled by favourable FX developments (+9%), bringing sales up +6% to €3,949m. The gross profit margin jumped from 40.0% to 46.5% and EBITDA strongly rose by +32% to €610m. Net profit attributable to shareholders soared up from €205m to €331m. Q2 operating CF moved up just tiny blip (+€14m to €407m,) dampened by higher NWC outflow, higher provisions (ICI pension funds) and lower other changes. Investing CF came in at €-37m (€-147m)