2011 Second-quarter Revenue / 2011 Interim Results
• Solid growth with revenue up 13% in the 2 quarter and 14.4% in the 1rst half of 2011
• Recurring operating income up 9.9% at €112.4 million
• Attributable net income up 17.8% at €49.2 million...
Download the slideshow: 2011 Interim Results.
In a statement, Richard Bielle, Chairman of CFAO’s Management Board said:
« Our first-half results once again bear witness to the robustness of our business model and the positive momentum of the African markets, allowing us to look forward to the rest of the year with confidence.
Despite the many events that marked the first six months of 2011, we consolidated our growth and increased our recurring operating income by almost 10%.
CFAO Automotive improved its performance in most markets and successfully integrated the new companies acquired in 2010 and at the beginning of 2011 in Morocco, East Africa and the French overseas departments and territories. Eurapharma and the Group's industrial businesses reported solid consistent growth, while CFAO Technologies refocused on its core businesses and the CFAO Equipment network was rolled out in several countries in line with our objectives. »
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