date:Jan 16, 2014
Revenue EUR 171 million, down 4% on Q1 2012/13
Organic growth 1% (2% excluding carmine price effect)
EBIT before special items EUR 43 million, compared to EUR 48 million in Q1 2012/13
EBIT before special items margin 25.2%, down from 26.7% in Q1 2012/13
Outlook for 2013/14
The outlook for 2013/14 is unchanged from the announcement of 23 October 2013, except for the impact from special items on free cash flow.
Organic revenue growth is expected to be 7‐9%.
The EBIT margin before special