Sales were up +2% to €3,760m and the gross profit margin improved from 40.0% to 41.9% in Q3. EBITDA strongly rose +21% to €590m and net profit attributable to shareholders jumped +39% to €285m. Q3’s operating CF was up +19% to €583m, benefiting from the better operating performance and additionally helped by a higher NWC inflow. Due to higher capex (€163m after €-137m), investing CF came in at €-143m (€-129m). Helped by lower net gross debt repaym
22 Oct 2015
Performance Coatings' strong profitability push
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Performance Coatings' strong profitability push
Sales were up +2% to €3,760m and the gross profit margin improved from 40.0% to 41.9% in Q3. EBITDA strongly rose +21% to €590m and net profit attributable to shareholders jumped +39% to €285m. Q3’s operating CF was up +19% to €583m, benefiting from the better operating performance and additionally helped by a higher NWC inflow. Due to higher capex (€163m after €-137m), investing CF came in at €-143m (€-129m). Helped by lower net gross debt repaym