Q3 revenues were down organically by 0.2% yoy (at constant forex), exactly like in Q2 while they had grown by 3.4% yoy during Q1. The adjusted EBITDA which had increased by 5.5% in Q1 and grew by only 0.8% in Q2 was however up again by 3.1% yoy in Q3. Note that, this quarter, the currency impact was still strong in South America, except in… Brazil: South American revenues, which grew organically in current currencies by 4.1% yoy in Q3, were still down by 13.9% yoy in reported terms whi
31 Oct 2016
Q3 slightly better than Q2 but dividend is cut by 25%
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Q3 slightly better than Q2 but dividend is cut by 25%
Q3 revenues were down organically by 0.2% yoy (at constant forex), exactly like in Q2 while they had grown by 3.4% yoy during Q1. The adjusted EBITDA which had increased by 5.5% in Q1 and grew by only 0.8% in Q2 was however up again by 3.1% yoy in Q3. Note that, this quarter, the currency impact was still strong in South America, except in… Brazil: South American revenues, which grew organically in current currencies by 4.1% yoy in Q3, were still down by 13.9% yoy in reported terms whi