publication interim results 2019

organic revenue growth +3%; EBITA growth +5%; net profit and earnings per share +6%; acceleration innovation, organic growth initiatives

Wim Pelsma – CEO
“We delivered a solid performance in more difficult market circumstances, due to our unique market positions, innovation and organic growth initiatives of the last years, entrepreneurial strength and strong focused business teams. Capex increased compared to last year to facilitate the many innovation, organic growth and efficiency initiatives. We further optimised our capital allocation to generate the highest return, continuously pursuing excellence. Initiatives to improve cash flow from operations are on a good track, which will continue in the second half of the year. Many operational excellence projects are ongoing to further optimise our pricing, efficiency and cost structure, converting strong operational execution into free cash flow. We still have a lot to gain. We will relentlessly execute our strategy 'focused acceleration’. In December 2019 we will give an update, followed by an innovation experience.”