Q4 16 revenues were €2.1bn (-32% yoy), below consensus (at €2.5bn). The adjusted EBIT came in at €103m (-43% yoy), also missing consensus at €127m. The adjusted net profit was €26m (vs. €54m in Q4 15, consensus at €51m). The net debt was at €1.5bn, in line with guidance and down from €1.7bn in Q3. The market outlook and the guidance 2017 have been confirmed: • Revenues: ~€10bn; • EBITDA: ~€1bn; • Net profit: >€200m
23 Feb 2017
Guidance for 2017 confirmed
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Guidance for 2017 confirmed
Q4 16 revenues were €2.1bn (-32% yoy), below consensus (at €2.5bn). The adjusted EBIT came in at €103m (-43% yoy), also missing consensus at €127m. The adjusted net profit was €26m (vs. €54m in Q4 15, consensus at €51m). The net debt was at €1.5bn, in line with guidance and down from €1.7bn in Q3. The market outlook and the guidance 2017 have been confirmed: • Revenues: ~€10bn; • EBITDA: ~€1bn; • Net profit: >€200m