Media release 26.06.2017
Solid growth in order intake – Confirmation of 2017 goals
Growth of order intake reached 7.1 % compared to the same period last year 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.
Sales first half-year (1st January – 30th June) – non audited
|In EUR million||2017||2016||Change|
|First quarter||84.5||77.8||+ 8.6 %|
|Second quarter||89.8||89.5||+ 0.3 %|
|Total first half-year||174.3||167.3||+ 4.2 %|
|Thereof maintenance||71.1||68.9||+ 3.2 %|
|at constant exchange rates||175.3||167.3||+ 4.8 %|
While the first quarter of 2017 includes 3.5 % growth in sales acquired via the HPDS transaction in the U.K. (consolidated since April 2016), the second quarter was impacted by fewer working days, the weakness of the British Pound and an increase in work-in-progress.
The full result of the first half-year is expected to benefit from better gross margins and tight management of structure cost.
The brighter economic outlook and the end of the restructuring efforts in the French and U.K. operations are anticipated to support the profitability of the second half-year.