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USG People N.V.

USG People N.V.

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Publicatie datum 21 apr 2010 - 07:07
Statutaire naam USG People N.V.
Titel First quarter results 2010
Bericht Market recovery continues Almere, 21 April 2010, 07:00 a.m. CET Key points of first quarter 2010 • Revenue was € 684 million and was 9% lower than the first quarter last year (March: -5% year-on-year, based on the same number of business days) • The gross margin of 22.1% remained virtually stable with respect to the previous quarters (Q4 2009: 22.1%, Q3 2009: 21.9%); in the first quarter of last year the gross margin was 23.6% • The operating expenses came to € 137 million and remained virtually stable at the low level of the fourth quarter of 2009 (Q4 2009: € 136 million); costs were 14% lower than the first quarter of last year • The underlying EBITA came to € 8 million (underlying EBITA Q1 2009: € 11 million) • The financial position was strengthened by a € 86 million share issue