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Colas: 2017 income down

(CercleFinance.com) - Colas has published 2017 net income, group share that is down 8% at 328 million euros, with underlying operating income that is down 6% at 362 million euros, meaning an underlying operating margin of 3.
1%, against 3.5% in 2016.

The construction group's revenue came in at 11.7 billion euros, up 6% as reported, and up 7% at a constant consolidation scope and exchange rates, mainly due to the recovery its road division, where organic growth reached 8%.

For 2017 the Board of Directors will propose a dividend per share of 8.20 euros, which is stable y-o-y. 2018 revenue should be significantly higher than in 2017, with the group's underlying operating margin expected to improve.

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