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Solid performance in Q2 2016

Q2 growth trend continued in July

Zürich, Switzerland, Aug 10, 2016 

Second quarter 2016 highlights

  • Revenues up 4% organically [1]
  • Gross profit up 5% organically
  • Gross margin up 10 bps to 18.8%
  • EBITA [2] excluding one-offs [3] EUR 284 million, up 6% organically
  • EBITA margin excluding one-offs 5.0 %, up 10 bps
  • Strong cash flow from operating activities of EUR 178 million, DSO down by 1 day to 51 days


[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.

[3] One-offs comprise integration costs of EUR 2 million in Q2 2016, integration costs of EUR 5 million in Q2 2015 and costs for contractual obligations to the former CEO and CFO of EUR 10 million in Q2 2015.

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