Press release
2017 Full Year Results
Download press releaseExcellent 2017 results, guidance exceeded. Strong adjusted EBITDA, up +18.6%, with margin reaching 16.8%.
« 2017 has been a tremendous year as we captured outstanding growth across all regions and brands. The Group has demonstrated its ability to deliver on its promises once again.
»
- Outstanding sales growth in FY 2017 of +16.0% to €912.4m (+17.5% at constant currency)
- Adjusted1 EBITDA up +18.6%, reaching 16.8% of sales
- Continued deleveraging with a net debt/Adjusted 1 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:
- Sales growth: between +11% and +13% at constant currency
- Adjusted1 EBITDA margin: around 17%
- 2020 mid-term objectives confirmed
2017 Key Figures
912.4
Net sales (€m)
1,332
Points of sale
153.7
Adjusted EBITDA (€m)
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