positive trend continues
Almere, 29 April 2016
FIRST-QUARTER 2016 HIGHLIGHTS
"Our growth trend continued unabated in the first quarter," said Rob Zandbergen, CEO of USG People. "Our revenue increased by 13%. Growth continued to strengthen, particularly in the markets that are most important to us, i.e. the Netherlands and Belgium, where we amply outperformed the market. In France we were also able to maintain our edge in the market. Growth in Germany was in line with the market, where growth is slower than in the other regions. Much of the growth came from our volume clients who are expanding their capacity and structuring it more flexibly, enabling us to keep the costs virtually stable amid high growth. Despite the impact of the early Easter weekend, which fell in the first quarter this year, we were able to further improve our results. We achieved an incremental conversion rate of 56% on the gross margin and EBITA, while net income increased by 26%. The focus for the coming quarters will also be on accelerating revenue growth in the SME segment. "
|Underlying results 1||3 months ended 31 March|
|In millions of euros||2016||2015||Growth|