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.
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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