LONDON (dpa-AFX) - Colt Group S.A. (COLT, COLT.L) reported higher first-quarter Group revenue of 397.3 million euros compared with 377.6 million euros last year.
Earnings before net finance costs, tax, depreciation, amortisation, foreign exchange and exceptional items or EBITDA rose 4.7% to 80.6 million euros from 77.0 million euros a year earlier, while the EBITDA margin remained largely stable at 20.3%.
Net funds as at March 31, 2012 were 269.9 million euros. Quarterly cash outflow reflected normal seasonal outflows, with working capital outflows that included the reversal of 25.0 million euros of trade payables carried over from the 2011 fourth quarter due to the timing of our calendar year end.
Copyright RTT News/dpa-AFX