- Both T&D and IT posted growth in 1Q18 Net Order Intake
- Growth in Revenues is backed by the IT business (contribution of Tecnocom and the Election business), as well as by Defence and Air Traffic Management
- EBITDA amounted to €48m (+1% vs 1Q17). Excluding Tecnocom restructuring costs, EBITDA would have increased by +15%.
- 1Q18 Free Cash Flow generation was €-6m compared to €-5m in 1Q17, showing a very positive performance taking into account that counteracted the increase in CAPEX (€14m in 1Q18 vs €5m in 1Q17) and the strong cash generation reached in 4Q17 (thanks to the anticipated collections and other operating changes)
- Net profit of the Group totalled €11m compared to €21m in 1Q17 (-49%) due to the lower operating result and the higher financial expenses. EPS fell -52% in the same period.
- The company reiterates the guidance announced for 2018 in terms of revenues, EBIT, and cash generation before working capital.
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