Finance
SMCP EURONEXT PARIS | € 20.520 | +0.34 % | 04/23/2018 15:04 CET
Full year 2017 Results
EXCELLENT 2017 RESULTS, GUIDANCE EXCEEDED
STRONG ADJUSTED EBITDA, UP +18.6%, WITH MARGIN REACHING 16.8%
Paris, March 21st, 2018
- Outstanding sales growth in FY 2017 of +16.0% to €912.4m (+17.5% at constant currency)
- Adjusted EBITDA up +18.6%, reaching 16.8% of sales
- Continued deleveraging with a net debt/Adjusted EBITDA ratio of 1.9x (vs. 3.1x in December 16)
- Net income of €44.9 million excluding one-off items (€6.3 million of reported net income)
- 2018 guidance:
o Sales growth: between +11% and +13% at constant currency
o Adjusted EBITDA margin: around 17%
- 2020 mid-term objectives confirmed
