In Q2 21, organic revenue surged by 38% and was above the Q2 19 level by 3%. The resumption of the activities was attributable to all geographic areas: +23% in North America, +46% in Europe, +20% in the rest of world. The underlying EBITA margin reached 4.3% of revenue (+2.8pts) thanks to a higher gross margin and an increase in the operating expenses at a lesser pace than revenue growth. Volume in early July 2021 shows continued positive momentum.
27 Jul 2021
Strong recovery, margin improvement
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Strong recovery, margin improvement
In Q2 21, organic revenue surged by 38% and was above the Q2 19 level by 3%. The resumption of the activities was attributable to all geographic areas: +23% in North America, +46% in Europe, +20% in the rest of world. The underlying EBITA margin reached 4.3% of revenue (+2.8pts) thanks to a higher gross margin and an increase in the operating expenses at a lesser pace than revenue growth. Volume in early July 2021 shows continued positive momentum.