Financial releases

Mar 15, 2010

2009 annual results[1]

Results show good resilience - Strong cash generation


  • Revenue decline limited to -3.1% on a like-for-like basis.
  • Good resilience of the operating margin[2] at 7.3%, a contraction of only 0.4 of a percentage point relative to the 2008 operating margin.
  • Solid attributable net profit of 48.2 million, increasing to 3.0% of revenue versus 2.9% in 2008.
  • ·Strong cash generation enabling a 48.3 million reduction in net financial debt.



[1] Audit procedures completed, audit report relating to the certification underway.
[2] Before amortisation of intangible assets arising from business combinations. The operating margin is the Group's key indicator. It is defined as the difference between revenue and operating costs, the latter being equal to the total cost of services rendered (costs necessary for the implementation of projects), sales costs and general and administrative expenses.

 

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