Q2 revenues were up by 17.8% yoy due to UNE's integration and organic growth stood at 9% yoy, a good number, in line with our expectations and quite similar to the last quarter. Note adverse currency movements logically impacted sharply this growth: reported organic growth is indeed… a negative 1.3%. EBITDA is up by 17.2% with the margin at 32.9% (including UNE!), a figure in line with our expectations and reflecting the stabilisation of the margin at a good level (it was at 33.1% in Q
21 Jul 2015
FX weighs on growth
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FX weighs on growth
- Published:
21 Jul 2015 -
Author:
Jean-Michel Salvador -
Pages:
2
Q2 revenues were up by 17.8% yoy due to UNE's integration and organic growth stood at 9% yoy, a good number, in line with our expectations and quite similar to the last quarter. Note adverse currency movements logically impacted sharply this growth: reported organic growth is indeed… a negative 1.3%. EBITDA is up by 17.2% with the margin at 32.9% (including UNE!), a figure in line with our expectations and reflecting the stabilisation of the margin at a good level (it was at 33.1% in Q