GROUP
October 27, 2016
Stable revenue in an unfavorable market environment
At September 30, 2016:
- Backlog of €32.2 bn vs. €29 bn end of 2015
- Revenue of €2.8 bn: +0.9% vs. September 2015 (+1.1% like for like)
Progress of the transformation plan consistent with the schedule presented during the Market Update of June 15, 2016:
- Exercise of the option to sell interest in Adwen to Gamesa
- Approval by all bondholders of the plan for partial contribution of assets
- Extraordinary General Meeting on November 3: last step for the creation of NewCo subsidiary
Upward revision of 2016 outlook:
- Net cash flow from company operations now expected between -€0.9 bn and -€0.6 bn, versus initial forecast of -€2.0 to -€1.5 bn.
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