H1 highlights: • H1 17 revenue amounted to £792m vs. £685m in H1 16, showing a 6% increase yoy excluding legacy contracts in Argentina; • H1 17 profit before tax and exceptional items reached £63m vs £71m in H1 16; • Strong operating cash inflow of £184m in H1 17 vs. £100m, mainly due to lower working capital outflows; • Net debt has slightly deteriorated at £683m in June 2017, corresponding to a 1.3x net debt/EBITDA ratio (vs. 1.2
03 Aug 2017
Strong cash flow, but visibility remains at low level
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Strong cash flow, but visibility remains at low level
- Published:
03 Aug 2017 -
Author:
Lionel Pellicer -
Pages:
3
H1 highlights: • H1 17 revenue amounted to £792m vs. £685m in H1 16, showing a 6% increase yoy excluding legacy contracts in Argentina; • H1 17 profit before tax and exceptional items reached £63m vs £71m in H1 16; • Strong operating cash inflow of £184m in H1 17 vs. £100m, mainly due to lower working capital outflows; • Net debt has slightly deteriorated at £683m in June 2017, corresponding to a 1.3x net debt/EBITDA ratio (vs. 1.2