Q2 sales were up +1% to €1,994m despite higher volumes (+6%), when compared to the previous year’s continued operations. By contrast, the group’s EBITDA strongly rose by +31% to €332m and net profit attributable to shareholders came in at €134m after €99m. H1 operating CF rose from €101m (continued operations: €187m) to €319m less burdened by other items (€-38m after €-253m). Despite lower capex (€-177m after €-275m) and lower
02 Aug 2016
Nice volume growth is not enough
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Nice volume growth is not enough
- Published:
02 Aug 2016 -
Author:
Martin Schnee -
Pages:
3
Q2 sales were up +1% to €1,994m despite higher volumes (+6%), when compared to the previous year’s continued operations. By contrast, the group’s EBITDA strongly rose by +31% to €332m and net profit attributable to shareholders came in at €134m after €99m. H1 operating CF rose from €101m (continued operations: €187m) to €319m less burdened by other items (€-38m after €-253m). Despite lower capex (€-177m after €-275m) and lower