Q1 2017 Results
Highlights

Revenue

  • Revenue increase of 4.0% to EUR 488.7m (excl. trans-o-flex)
  • Revenue development positively impacted by seasonal effects

Earnings

  • EBIT up 6.4% to EUR 54.4m
  • Continuing focus on efficiency enhancement and cost discipline
  • Increase in earnings per share to EUR 0.60

Cash flow and balance sheet

  • Operating free cash flow at EUR 55.2m above the previous year
  • Conservative balance sheet structure with a low level of financial liabilities

Outlook 2017

  • Aim to generate stable Group revenue in 2017 (2016: EUR 1.9bn)
  • Targeted EBIT in line with 2016 performance
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