First-half 2016 results

despite a sluggish macroeconomic environment in europe and unfavorable weather conditions, revenue grew +2.2% slight decrease in operating profitability, but improvement of net income compass program upgraded by €30m to €180m in 2016 and speeding up of transformation plan 2016 targets maintained

First-half 2016 results:

•  Revenue: €7,455m, up 2.2%
•  EBITDA: €1,271m, down 1.7%
•  EBIT: €598m, down 1.0%
•  Net income Group share: €174m, up 23.7%
•  Net financial debt: €8,765m; net financial debt/EBITDA ratio of 3.2x