The H1 figures show good managerial skills in dealing with the negative effects from the de-linking of the reporting currency. Group sales came in fairly unchanged at CHF2,184m and the gross profit margin suffered only slightly (46.5% after 46.6%) despite lower operational costs. EBITDA was a touch up (CHF566m after CHF562m) and EBIT improved +11% to CHF339m. Operating CF jumped +56% to CHF341m fuelled by a swing in other non-cash items and clearly lower NWC outflow (CHF-178m after CHF-247m).
17 Jul 2015
Managing CHF effects – operating CF clearly up
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Managing CHF effects – operating CF clearly up
SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF (GIN:LON) | 0 0 1.1% | Mkt Cap: 1,502m
- Published:
17 Jul 2015 -
Author:
Martin Schnee -
Pages:
2
The H1 figures show good managerial skills in dealing with the negative effects from the de-linking of the reporting currency. Group sales came in fairly unchanged at CHF2,184m and the gross profit margin suffered only slightly (46.5% after 46.6%) despite lower operational costs. EBITDA was a touch up (CHF566m after CHF562m) and EBIT improved +11% to CHF339m. Operating CF jumped +56% to CHF341m fuelled by a swing in other non-cash items and clearly lower NWC outflow (CHF-178m after CHF-247m).