The LSG Group: Realignment progressing rapidly

The LSG Group achieved a series of important milestones in the realignment of its business model in the first half of 2018. The company generated consolidated revenues of EUR 1.6 billion in the first half of the year, a fall of 2.8 percent year-over-year. The decline was mostly due to negative currency effects and the company’s voluntary withdrawal from certain markets and customer contracts. Adjusted for currency-related factors, revenues grew by 4.4 percent. Changes in the group of consolidated companies increased revenue by EUR 12 million. Adjusted EBIT for the period was EUR 40 million, over 200 percent higher than in the first half of 2017, primarily due to lower transformation costs. EBIT rose by 186 percent to EUR 40 million.