Revenues reached US$1,154m (-4%), EBITDA US$198m (+4%), operating income US$36m (+23%) and the net result US$206m (vs US$26m). Net income is boosted by the US$92m capital gain from the sale of Conduit and a positive income tax. Net cash at the end of Q1 17 reached US$1.65bn. The group anticipates sales and EBITDA in Q2 to be in line with those of Q1 as further increases in sales in the US are counterbalanced by seasonal effects in Canada and a lower quarterly level of shipments to the Middle
27 Apr 2017
Q1 17: better; more to come?
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Q1 17: better; more to come?
- Published:
27 Apr 2017 -
Author:
Fabrice Farigoule -
Pages:
2
Revenues reached US$1,154m (-4%), EBITDA US$198m (+4%), operating income US$36m (+23%) and the net result US$206m (vs US$26m). Net income is boosted by the US$92m capital gain from the sale of Conduit and a positive income tax. Net cash at the end of Q1 17 reached US$1.65bn. The group anticipates sales and EBITDA in Q2 to be in line with those of Q1 as further increases in sales in the US are counterbalanced by seasonal effects in Canada and a lower quarterly level of shipments to the Middle