07/30/19
2019 Half-year results
● H1 19 net sales of €1163m* up +24% vs. H1 18 and +22% on a comparable basis*
● Q2 order intake on equipment of €286m vs. €371m in Q2 18
● Order book on equipment at the end of Q2 19 of €643m vs. €830m in Q2 18
● Recurring operating income at €90m (7.7%) vs. €63m (6.7%) in H1 18
● EBITDA1 €107m** (9.2%) vs. €80m in H1 18
● Net income attributable to the equity holders of the Parent of €60m vs. €41m in H1 18
● Outlook for a 2019 revenue growth of around 10% compared to 2018
● Outlook for an improvement in recurring operating income of around 40 basis points, or around 7.3% of revenue confirmed.
Over the first half of the year, business was very strong in our three markets of construction, industry and agriculture, as well as in almost all geographical areas
Michel Denis, President & CEO