Highlights
- First Quarter revenue grew by 16.9% or 15.6% at constant exchange rates to €784 million
- Comparable growth reached 5.5%
- Revenue growth was delivered in all segments:
- G4 revenue grew by 9.7% at constant exchange rates with comparable growth of 6.8%
- Other Europe revenue grew by 19.9% at constant exchange rates with comparable growth of 1.4%
- Latin America and Asia revenue grew by 48.5% at constant exchange rates with comparable growth of 8.8%
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- Adjusted EBITDA (i.e. EBITDA before non-recurring items) increased by 16.3% to €122 million
- Adjusted EBITDA margin was broadly stable at 15.6% including the diluting impact of acquisitions.
- Excluding acquisitions, the adjusted EBITDA margin improved by 92bps
- Total number of stores was 5,825 (5,814 at year-end 2014)
