Cerba 2Q17 - 3% tariff cut drove down 2Q results
Cerba, France ‘s No. 1 lab testing company, published mixed 2Q17 results. Reported sales stood at €164m, down by 4% yoy, but they were stable when adjusted for number of working days (three less in 2Q17). Reported EBITDA dropped by 6% to €36m, or a 130bps decline in margin to 22%, as acquisitions in new countries - notably Italy and the Middle East - had a dilutive effect.
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