The company increases EBITDA by 48%, with all business units reporting improved results compared to the same period of the previous year
This results evidences the strong recovery after Covid-19, thanks to the positive impact from ongoing optimization initiatives as part of the Multi-year Efficiency Program and improved market conditions, especially during the second and third quarters.
Key Financial metrics
| RESULTS (MILLIONS OF EUROS) | 3Q 2021 | 2Q 2021 | 1Q 2021 | 4Q 2020 |
|---|---|---|---|---|
| CCS EBITDA | 504 | 518 | 324 | 277 |
| CCS Net Income | 112 | 130 | 53 | -29 |
| Cash Flow from operations1 | 392 | 454 | 309 | 218 |
| Net Debt2 | 2,348 | 2,412 | 3,032 | 2,825 |
| Total Liquidity3 | 4,119 | 4,495 | 4,485 | 4,550 |
1. Before changes in WK 2. Excludes IFRS16 impact 3. Defined as cash on balance sheet plus available committed credit facilities
Financial results
2021
Second Quarter
2020
First Quarter
Second Quarter
Fourth Quarter
2019