Media release 25.07.2018
Strong growth of the service business — in the first half of 2018 total growth of 5.3% excluding forex effects
Growth of order intake reached 7.1 % compared to the same period last yeaFor the full year agta record continues to expect turnover growth of 3-4 % at constant exchange rates. The expectation of this above-market growth is based on the accelerationof order intake in the second quarter (7.4 % growth over the prior-year quarter excluding forex effects) especially in important countries such as France, the U.S., Switzerland and in the export to countries where agta record does not have a subsidiary.
EBITDA of the first half-year will grow significantly more than turnover as a result of strong growth of the service and maintenance business and productivity improvements in key countries such as France, the Netherlands und the U.K. where reorganisations and acquisitions took place in recent years.r which allows the group to confirm its 2017 goals for sales growth (4 – 5 % excluding acquisitions) and EBITDA, the latter expected to improve over-proportionately.
Half-year sales 2018 (January – June) – unaudited
|In EUR million||2018||2017||Change|
|First half-year||178.8||174.3||+ 2.6 %|
|First half-year at constant exchange rates||183.6||174.3||+ 5.3 %|
|Thereof maintenace||75.6||71.1||+ 6.3 %|
|At constant exchange rates||77.0||71.1||+ 8.3 %|