Half-year results for FY 2017-2018

  • Solid growth in revenues: up 26% at constant exchange rates to € 143m
  • Current operating income up 139% to € 22.5m
  • Electronics EBITDA[1] margin[2] up to 24.4% of sales from 16.5% in H1’17
  • Net result reached € 23.2m versus € 3.1m in H1’17 and € 8.4m in FY’17
  • Equity further strengthened to € 217m, strong cash and cash equivalents maintained at € 99m and net cash position3 of € 31.5m
  • FY’18 outlook: around 25% revenue growth at constant exchange rates and Electronics EBITDA1 margin2 around 25%

[1] The EBITDA represents the operating gain (EBIT) before depreciation, amortization, non-monetary items related to share-based payments, and changes in provisions on current assets and provisions for risks and contingencies. This indicator is a non-IFRS quantitative measure used to measure the company’s ability to generate cash from its operating activities. EBITDA is not defined by an IFRS standard and must not be considered an alternative to any other financial indicator.

[2] Electronics EBITDA margin = EBITDA from continuing operations / Sales.

3The net cash position represents Cash and cash equivalents less financial debts. Net debt represents financial debts less cash and cash equivalents.

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