At the Board of Directors meeting held on March 31, 2021 and chaired by Sophie Bellon, the Board closed the Consolidated accounts for the First half Fiscal 2021 ended February 28, 2021.

  • Improving organic revenue trend quarter by quarter, at -21.7% for H1
  • Underlying operating profit margin at 3.1%, large beat on assumptions
  • Exceptional free cashflow generation for a first half
  • Assumptions: 
    • H2 organic revenue growth between +10 and +15%
    • H2 Underlying operating profit margin at around 3.1% at constant rate
    • Cash conversion more than 100% for the full year

Read the full press release here

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