Business & Decision SA Announces Consolidated Earnings Results for the Full Year of 2016; Provides Earnings Guidance for the Full Year of 2017
March 29, 2017 at 03:58 am EDT
Business & Decision SA announced consolidated earnings results for the full year of 2016. In 2016, consolidated revenue was 227.6 million, growing 1.5% in comparison with 2015. Revenue growth at constant consolidation scope and exchange rates was 6%. Current operating income amounted to 0.2 million, compared to 5.9 million for the financial year 2015. Operating loss amounted to 0.4 million, after impact of operating expenses including restructuring and disposal costs. Financial loss amounted to 2.1 million, equivalent to the previous year. Net loss, group share, amounted to 5.9 million. Net financial debt amounted to 27.1 million compared to 26.8 million for the previous year. Disposals in the United States led to a decrease in goodwill of 3.6 million.
The company provided earnings guidance for the full year of 2017. The year 2017 enjoys a favorable context for continued growth, particularly in the areas of innovation. Steering of profitability is continuing and should allow return to higher margin levels.