Cobham reported lacklustre H1 results, with increasing reported revenues thanks to quite strongly positive currency effects but with flat organic growth. Similarly, the operating profit was supported by currency effects but every division saw its organic operating margin decreasing more or less due to operational issues, lower volumes, or lower cost control. Thanks to the reduction in debt after the rights issue, the net finance expense decreased, leading to a fairly limited 10% decrease in p
11 Aug 2017
Long and tough recovery affected by some weak markets
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Long and tough recovery affected by some weak markets
Cobham reported lacklustre H1 results, with increasing reported revenues thanks to quite strongly positive currency effects but with flat organic growth. Similarly, the operating profit was supported by currency effects but every division saw its organic operating margin decreasing more or less due to operational issues, lower volumes, or lower cost control. Thanks to the reduction in debt after the rights issue, the net finance expense decreased, leading to a fairly limited 10% decrease in p