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Continued solid revenue growth in Q1 2016

Price and cost discipline maintained

Zürich, Switzerland, May 10, 2016 

First quarter 2016 highlights


  • Revenues up 4% organically [1]
  • Gross profit up 2% organically
  • Gross margin down 10 bps to 19.0%, impacted by timing of bank holidays
  • SG&A up 4% organically
  • EBITA [2] of EUR 228 million, down 5% organically
  • EBITA margin of 4.3%, down 30 bps 
  • Closing of Penna Consulting Plc acquisition expected to be effective as of today May 10, 2016

[1] Organic growth is a non-US GAAP measure and excludes the impact of currency, acquisitions and divestitures.

[2] EBITA is a non-US GAAP measure and refers to operating income before amortisation and impairment of goodwill and intangible assets.

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Lee Hewett

Global Corporate Communications Director

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