9M update: revenues are up +2.4% (at constant FX, scope of consolidation and excluding Venezuelan hyperinflation) and -2.4% on reported figures. The EBITDA margin improved by 20bp to 6.8% on a yoy basis but also on a qoq basis (+210bp). By region and at constant FX and scope of consolidation, revenue for Europe was down 0.9% whereas other geographies recorded improved sales (notably LatAm +7.5% and Africa +9.2%).
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9M: profitability improves but the outlook remains subdued
- Published:
14 Nov 2016 -
Author:
Anna Zyniewicz -
Pages:
2
9M update: revenues are up +2.4% (at constant FX, scope of consolidation and excluding Venezuelan hyperinflation) and -2.4% on reported figures. The EBITDA margin improved by 20bp to 6.8% on a yoy basis but also on a qoq basis (+210bp). By region and at constant FX and scope of consolidation, revenue for Europe was down 0.9% whereas other geographies recorded improved sales (notably LatAm +7.5% and Africa +9.2%).