September 27, 2016

H1 2016 sales and results

INTENSIFIED TRANSFORMATION THANKS TO INCREASED INVESTMENT AND COST REDUCTION AS SALES DECREASE

 

  • First-half 2016 sales down 5.0%, or -3.3% organically
  • H1 2016 current operating margin (before acquisition-related expense): 18.0%
  • H1 2016 net attributable margin: 10.5%
  • Net debt stabilized on generation of strong cash flow

 

 

MEDIUM-TERM AMBITIONS UNCHANGED

  • Return to organic growth
  • Maintain current operating margin (before acquisition-related expense) above 18%, with the target of returning above 20%