Third quarter 2019

Finance - Group

Solid revenue growth
All 2019 objectives reiterated

Revenue of €880 million, up 10% on a comparable basis

  • Retail delivered a steady 11% growth over the third quarter 2019
  • All Retail business lines performed in line with expectations
  • B&A growth reached 8% fuelled by North America and Latin America
  • EMEA remained challenging with a volatile environment in Eastern Europe

All 2019 objectives reiterated

  • 2019 organic growth above 9%
  • EBITDA (after IFRS 16) above €590 million
  • Free Cash Flow conversion rate c. 50%

 

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