2015 third-quarter revenue
• Stable third-quarter revenue at €860 million
• Resilient activity in a more contrasted environment...
CFAO's third quarter 2015 revenue reached €859.6 million, declining -0.2% on a reported basis and -1.2% like-for-like compared with the same period 2014.
Perimeter changes compared to the third quarter 2014 mainly encompass the first-time consolidation of the Compagnie Mauritanienne de Distribution Auto (+€7 million) in the Equipment & Services business line, and of Fazzini (+€2.5 million) and SEP Congo (+€5.1 million) in the Healthcare business line. Overall changes in Group structure had a positive impact of +€16.3 million on the third quarter revenue.
Currency impacts on the translation of foreign revenue into Euros were negative in Q3 at -€7.3 million. The depreciation of the Algerian dinar, the Zambian kwacha and the Nigerian naira against the Euro, is nonetheless partially offset by the appreciation of the Congolese franc.
The general economic environment was affected by the stretched budgetary situation of oil producing countries.
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