Finance
SMCP EURONEXT PARIS | € 20.255 | -1.15 % | 10/18/2018 17:36 CET
First Half 2018 Results
H1 2018: VERY STRONG RESULTS
ADJUSTED EBITDA, UP +14.8%, WITH MARGIN REACHING 17.0 %
Paris, September 4th, 2018
- H1 2018 sales up +15.5% at constant currency at €493.3 million (+12.4% reported)
- Strong and consistent like-for-like sales growth at +5.8% in H1 18
- Adjusted1 EBITDA up +14.8%, at €83.9 million, with margin reaching 17.0%
- Strong increase of Net income at €27.4 million (vs. €1.1 million in H1 2017)
- Continued deleveraging with net debt/adjusted 1 EBITDA2 ratio down to 1.7x (vs. 1.9x in December 17)
- 2018 guidance confirmed:
o Sales growth: above +13% at constant currency
o Adjusted1 EBITDA margin: around 17%
