Manutencoop - 3Q16 Results
Manutencoop, the Italian cleaning company, reported mixed 3Q16 results. Sales fell again by 4% yoy to €208m after a stable 2Q16 performance. The relapse is a clear illustration of the lack of dynamism of the Italian market. The decline stems mainly from private clients (26% of sales) and public buildings (24%), down 17% and 11% respectively. In contrast, healthcare (50%) sustains its momentum, showing impressive 10% growth following 11% last quarter. Company’s efforts are concentrated...​
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