Finance
First-half 2017 results
First-half 2017
slight increase in operating results
half-year net result includes transformation plan costs
full-year targets confirmed
GE Water acquisition to close by the end of third-quarter 2017Â
First-half 2017 results:
- Revenue: €7,526m, organic growth of +0.9%
- EBIT1: €594m, organic growth of +1.4%
- Net financial debt: €6,942m; net financial debt/EBITDA ratio of 2.6x
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in € m | June 30, 2016 | June 30, 2017 | Gross change | Organic change | FX Change | Scope change |
---|---|---|---|---|---|---|
Revenue | 7,455 |
7,526 |
+1.0% |
 +0.9% |
+0.4% | Â -0.3% |
EBITDA |
1,271² 17.1% |
1,268 16.8% |
-0.2% |
 +0.2% |
+1.4% |
 -1.8% |
EBIT EBIT / revenue |
598² 8.0% |
594 7.9% |
-0.6% | Â +1.4% | Â +2.1% | Â -4.1% |
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After the Board of Directors approved the first-half 2017 results at its July 26, 2017 meeting, Jean-Louis Chaussade, Chief Executive Officer, made the following statement:
1Â Excluding IFRIC 21
2 EBITDA and EBIT for the International division had benefited from the €36m impact of the completion of the acquisition of Derun Environment