2018 annual results

  • 28/02/19
2018-annual-results

2018 ANNUAL RESULTS: TARGETS EXCEEDED
RECORD ORGANIC GROWTH IN REVENUE AND OPERATING INCOME (EBIT)
CONTINUED GROWTH IN 2019

  • 2018 targets exceeded: Revenue and EBIT up 11.9% and 11.5%, respectively, at constant exchange rates1; Free cash flow in excess of €1bn
  • Strong performance by WTS, with organic revenue growth up 6.7% and full-year synergies exceeding the target at $30m
  • Net income Group share up 13.4%
  • 2018 dividend per share of €0.65 to be proposed at the Annual General Meeting on May 14, 2019

2019 outlook :

  • Organic growth in revenue of 2%-3% and in EBIT of 4%-5%
  • FCF growth of 7%-8%
  • Leverage ratio (Net debt/EBITDA) of c. 3 x in 20193
  • Continued ambition to lower leverage ratio in 2020
  • Dividend of €0.65 to be proposed at the Annual General Meeting in May 2020

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