Compared to H1 2015, the group reached an organic growth of 9.1% (+6.3% reported) in H1 2016. Domestic business has seen a dynamic growth of more than 5% while international business continues to grow at +21% on a like-for-like basis compared to H1 2015.

The group's operating margin improves at 4.1 M€, (4.7% of revenue), compared to 3.7 M€ in H1 2015. After 'other operating income and expenses', operating profit has increased by 1.4 points to 3.1 M€ (3.5% of revenue) compared to 1.7 M€ in H1 2015.

The financial result has not been favorably impacted by exchange rates and stands at -1.5 M€ compared to -0.2 M€ in H1 2015. Compared to 0.4 M€ in H1 2015, Net profit is 0.6 M€ for the period ending June, 2016.

(*) Organic growth rate is reported on a like-for-like basis and thus takes account of the sale of the German subsidiary USB GmbH, effective as of 1 January 2016.

CS Communication & Systèmes SA published this content on 09 September 2016 and is solely responsible for the information contained herein.
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