Groupe Open Reports Earnings Results for the Year Ended December 31, 2016; Provides Earnings Guidance for the Full Year 2017; Proposes Dividend for the Full Year 2016
Groupe Open reported earnings results for the year ended December 31, 2016. For the year, the company reported turnover of 304.7 million against 282.3 million a year ago. Current operating income was 21.5 million against 17.3 million a year ago. Operating income was 20.3 million against 16.6 million a year ago. Net income from continuing activities was 11.5 million against 9.3 million a year ago. Net income was 11.7 million against 8.8 million a year ago. Net cash flow from operations was 8.7 million against 17.2 million a year ago.
For 2017, the group again expects to see significantly stronger growth in turnover than the market, and increased income despite a negative calendar effect (2 fewer days invoiced than in 2016).
The Board of Directors will be proposing to the next General Meeting on May 17, 2017 that a dividend of 0.34 per share be distributed.