Stable Performance Marked in Q2 2015
Company Reports Strong Second Quarter Results for 2015
In a recent financial announcement, the company reported a significant improvement in its financial performance for the second quarter of 2015. Here are the key highlights:
- Organic revenue growth increased by 4% in the second quarter of 2015 compared to the same period the previous year.
- Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITA), excluding one-off costs, stood at €272 million, marking a 10% increase organically. The one-off costs in Q2 2015 included integration costs of €5 million, contractual obligations related to the change of CEO and CFO of €10 million, and restructuring costs of €4 million from Q2 2014.
- The EBITA margin excluding one-offs was 4.9%, representing a 30 basis points (bps) increase.
- Basic Earnings Per Share (EPS) increased by a substantial 25% in the second quarter of 2015.
- Gross margin for the same quarter was 18.7%, representing a 4% increase in gross profit organically.
- Selling, General and Administrative (SG&A) expenses, excluding one-offs, increased by 2% organically in the second quarter of 2015.
- Net income attributable to shareholders increased by 22% in the second quarter of 2015.
Regarding the second quarter of 2016, the company did not provide specific figures for organic revenue growth, EBITA excluding one-offs, EBITA margin excluding one-offs, gross margin, SG&A (excluding or not one-offs), net income attributable to shareholders, or Basic Earnings Per Share (EPS).
The new CEO and CFO, whose appointments added one-off costs totaling €10 million in the second quarter of 2015, could not be identified from the provided search results.
It's important to note that EBITA refers to operating income before amortization of intangible assets.
In conclusion, the company demonstrated strong financial performance in the second quarter of 2015, with significant improvements in key financial indicators. However, the company did not provide specific figures for the second quarter of 2016, leaving investors and analysts eagerly awaiting further updates.
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