Steady trends in Q3 2016 Revenue momentum and cost discipline continue
Third quarter 2016 highlights
Zürich, Switzerland, Nov 8, 2016
 Organic growth is a non-US GAAP measure and excludes the impact of currency, acquisitions and divestitures
 EBITA is a non-US GAAP measure and refers to operating income before amortisation and impairment of goodwill and intangible assets.
 One-offs comprise restructuring costs of EUR 23 million and integration costs of EUR 3 million in Q3 2016, and integration costs of EUR 3 million in Q3 2015.
 Net debt is a non-US GAAP measure and comprises short-term and long-term debt less cash and cash equivalents and short-term investments.
 Net debt to EBITDA ratio is calculated as net debt at September 30, 2016 divided by last 4 quarters of EBITDA excluding one-offs.