Press Release

Q1 2019 revenue

Apr. 25 2019

Q1 2019 revenue is up +6.8% year-on-year of which +5.8% at constant currency
Organic revenue growth of +4.0% in Q1 2019
FY 2019 outlook confirmed

Didier Michaud-Daniel, Chief Executive Officer, commented:

“In the first quarter of 2019, we continued to progress in the Group’s transformation, recording a 4.0% organic revenue growth. Five businesses out of six grew at 4.5% on average. Agri-Food & Commodities was our top performing business, up 7.8%. Our late-cyclical activities are gradually recovering, as expected. The Industry business is starting to benefit from improving Oil & Gas capex markets.

In addition, we have completed four transactions, all focused on our Growth Initiatives in Buildings & Infrastructure and Agri-Food. These will notably reinforce our footprint in the US and in Asia.

Our 2019 outlook is confirmed, we expect a solid organic revenue growth with a continued adjusted operating margin improvement at constant currency, and a sustained strong cash flow generation.

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