March 29, 2016

2015 Annual Results and Q4 2015 Sales

Current operating margin in line with expectations and stable net income despite disappointing change in sales, especially in the 4th quarter

  • 2015 annual sales up 6.9%, down 1.8% organically
  • Q4 2015 sales up 2.0%, down 3.5% organically
  • Communication & Shipping Solutions sales up 11.4% organically in FY 2015 (representing 23.4% of total sales)
  • 2015 current operating margin (before acquisition-related expense): 19.7%
  • 2015 net attributable income : €134 million
  • Dividend proposed: €1.70 per share

Mid-term ambitions

  • Return to organic growth
  • Maintain current operating margin (before acquisition-related expense4) above 18%, with the target of returning above 20%