Revenue rose 2.2 per cent to €5.55bn, and underlying losses more than halved to €50m. The group reiterated its 2014 target for €2.5bn in earnings before interest, tax, depreciation and amortisation.
"We weren't helped by the economic climate, nor did it get worse, but there is no oxygen from that side of our business," chief executive Alexandre de Juniac said.
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