Aliaxis SA (‘Aliaxis’, ‘the Group’ or ‘the Company’), a global leader in the manufacturing and distribution of advanced plastic piping systems, today announced its results for the six months period ended June 30, 2018.
Highlights – Six months period ended June 30, 2018
- Revenue of €1,555.6 million, a decrease of 1.7% (up 5.0% in constant currency)
- Current EBITDA of €214.9 million, decrease of 3.7% (up 2.1% in constant currency)
- Current EBIT of €161.8 million, decrease of 2.6% (up 3.3% in constant currency)
- Net profit of €92.0 million, decrease of 5.7%, driven by adverse currency exchange impact (down 0.7% in constant currency)
- Net financial debt amounts to €396 million, €152 million below June 30, 2017 (€548 million)
- Implementation of company-wide transformation and strategy, ‘D.N.A.’, on track
- The unaudited interim financial information for the six months period ended June 30, 2018 was presented to the Board of Directors on September 20, 2018.
The unaudited interim financial information for the six months period ended June 30, 2018 was presented to the Board of Directors on September 20, 2018.
CEO Laurent Lenoir comments on the results:
“Most of our key markets are showing top as well as bottom line growth at constant currency, either organically, through innovation or further cost rationalisation, driving solid Group performance year over year.
In the course of July, we have acquired the remaining 40% stake in our Indian Joint Venture, which is an important step towards strengthening Aliaxis’ leadership position in this fast-growing market.”
Read the full press release here
By Lars Vervoort
Group Coorporate Communications Manager
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