Cie des Alpes: H1 earnings down 3.6%

(CercleFinance.com) - The company's H1 consolidated revenue reached 498.
2 million euros, up 3.2% (+2.8% on a like-for-like basis) compared to the same period last year.

Operating Profit reached 105.7 million euros, down 2.6% relative to H1 2017/2018. The company said that this decline stems from increased costs and a higher depreciation provisions.

Net income, group share reached 64.6 million euros, down 2.4 million euros (or -3.6%) compared to 31 March 2018. Operating free cash flow amounted to 61.2 million euros, compared with 74.6 million euros in the same period last year.

Le Groupe réaffirme son objectif de croissance de l'EBO sur chiffre d'affaires et l'atteinte d'un taux compris entre 27 et 28% (hors Futuroscope).

Confident in its strategy, the Group reaffirms its target of growing the EBITDA/Sales ratio and achieving a rate of between 27 and 28% (excluding Futuroscope).



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