H1 sales (ex precious metal sales) were up +12% to €1,349m and EBIT rose +18% to €123m. Net income attributable to shareholders came in +11% higher at €90m. Operating CF was severely hit by a €221m swing in NWC to €-165m outflow and investing CF moved up from €-69m to €-92m mainly driven by higher capex. Financing CF came in at €-14m after €-98m, primarily lifted by the disposal of own shares. Management fine-tuned already given FY guidance, expect
31 Jul 2015
Pushing the (automotive) pedal
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Pushing the (automotive) pedal
H1 sales (ex precious metal sales) were up +12% to €1,349m and EBIT rose +18% to €123m. Net income attributable to shareholders came in +11% higher at €90m. Operating CF was severely hit by a €221m swing in NWC to €-165m outflow and investing CF moved up from €-69m to €-92m mainly driven by higher capex. Financing CF came in at €-14m after €-98m, primarily lifted by the disposal of own shares. Management fine-tuned already given FY guidance, expect