Q1 16 sales grew by 10% in local currencies, but declined by 1% as reported. Operating profit grew by 23% to €21.1m (vs €23m in Q1 14 and €48m in Q1 12); the operating margin was 6.9% (vs 5.6% in Q1 15 but 12% in Q1 12), impacted by -370bp from currencies. Operating cash flow decreased by 11% to €21.45m (7% of sales).
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At least the decline has stopped at CER
- Published:
25 May 2016 -
Author:
Armelle Moulin -
Pages:
3
Q1 16 sales grew by 10% in local currencies, but declined by 1% as reported. Operating profit grew by 23% to €21.1m (vs €23m in Q1 14 and €48m in Q1 12); the operating margin was 6.9% (vs 5.6% in Q1 15 but 12% in Q1 12), impacted by -370bp from currencies. Operating cash flow decreased by 11% to €21.45m (7% of sales).