Q1 17 revenues were €2.3bn (-20% yoy), somewhat below consensus (at €2.4bn). The adjusted EBIT came in at €122m (-14% yoy), above consensus. The adjusted net profit was €54m (-12% yoy), in line with consensus expectations. Net debt was €1.6bn, rising from €1.45bn at the end of 2016 due to working capital changes. The guidance 2017 has been confirmed: • Revenues: ~€10bn; • EBITDA: ~€1bn; • Net profit: >€200m (including c. €30m
21 Apr 2017
Soft order intake in Q1 17
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Soft order intake in Q1 17
Q1 17 revenues were €2.3bn (-20% yoy), somewhat below consensus (at €2.4bn). The adjusted EBIT came in at €122m (-14% yoy), above consensus. The adjusted net profit was €54m (-12% yoy), in line with consensus expectations. Net debt was €1.6bn, rising from €1.45bn at the end of 2016 due to working capital changes. The guidance 2017 has been confirmed: • Revenues: ~€10bn; • EBITDA: ~€1bn; • Net profit: >€200m (including c. €30m