Finance

First-half 2018 results

STEADY GROWTH IN REVENUE NET INCOME GROUP SHARE DOUBLED
NEW MINORITY SHAREHOLDER IN US REGULATED WATER IN ORDER TO ACCELERATE DEVELOPMENT
2018 TARGETS CONFIRMED
 

First-half 2018 results:

  • Revenue: €8,351m, up +15.0% at constant exchange rates1
  • EBIT: €607m, up +12.0% at constant exchange rates1
  • Net debt: €9,323m; net debt/EBITDA ratio of 3.5x
  • Net income Group share: €90m

  

In millions of euros June 2017 restated2 June 30 20183 Gross change Organic change
 FX change
 Change at constant exchange rates1
Revenue 7,493
8,351
+11,4% +3,0% -3,5% +15,0%
 EBITDA 1,268
1,323
+4,4% +2,6% -3,4% +8,8%

EBIT

594
607 +2,3%
 +7,5%
-4,4%
+12,0%
Net income Group share 44
 90 103,5%

 

After the Board of Directors approved the first-half 2018 results at its July 25, 2018 meeting, Jean-Louis Chaussade, Chief Executive Officer, made the following statement:

1 Before impacts of the purchase price allocation for the acquisition of GE Water and the change in US tax law, which is neutral to net income Group share.
2 For comparability purposes, the 2017 figures cited in this press release and used to calculate the annual changes have been restated to reflect the application of IFRS 15 as of January 1, 2018 — see appendices
3 Includes the impact of the purchase price allocation of GE Water for €(4)m at EBITDA, €(22)m at EBIT et (12)m€ at net income group share level.

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