Strong Results Achieved in Q2 2016
Company Reports Strong Q2 2016 Financial Results
In the second quarter of 2016, a notable company announced impressive financial results, showcasing growth across several key areas.
The company's Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITA) saw a significant increase, rising 6% organically to EUR 284 million. This growth was achieved despite the inclusion of integration costs amounting to EUR 2 million and the impact of exceptional items such as costs for contractual obligations to the former CEO and CFO, which totalled EUR 10 million in Q2 2015.
EBITA, as a non-US GAAP measure, also includes operating income before amortisation and impairment of goodwill and intangible assets.
The company's revenues also experienced a 4% organic growth in Q2 2016. This growth was reflected in an increase in gross profit, which climbed 5% organically, and a gross margin that expanded by 10 basis points to 18.8%.
Cash flow from operating activities remained strong, standing at EUR 178 million in the second quarter of 2016. Days Sales Outstanding (DSO) also decreased by 1 day to 51 days during the same period.
The term "one-offs" in this context refers to integration costs and costs for contractual obligations. When these exceptional items are excluded, the EBITA margin stood at 5.0% in Q2 2016, marking a 10 basis points increase.
It's important to note that the term "organic growth" excludes the impact of currency, acquisitions, and divestitures.
Regarding the company's leadership, the search results do not provide information about the CEO and CFO of the company that published its results in the second quarter of 2016. Therefore, the names of the current CEO and CFO for that specific company in 2016 cannot be determined from the available data.
In conclusion, the company's Q2 2016 financial results demonstrate a strong performance, with growth across multiple areas and a robust cash flow. The company's strategic initiatives, including integration efforts, seem to be yielding positive results.
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