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The chart below represents the EBITDA margin of individual companies. Lighter colored bar is for 2015 while the darker bar is for 2017E. How is

image text in transcribedThe chart below represents the EBITDA margin of individual companies. Lighter colored bar is for 2015 while the darker bar is for 2017E.

How is the margin spread expected to change over the next two years (refer chart above)?

a. Decrease

b. Increase

c. No change

d. Need more data points to be conclusive

The chart below represents the EBITDA margin of individual companies. Lighter colored bar is for 2015 while the darker bar is for 2017E. CONSENSUS EBITDA MARGIN CY15-17E 1319 299 131% 124% 1998 179% 12% 139 Haya ASML Samsung Olympus Canon Fujifilm Konica Ultratech -29 Sony Nikon Panasonic Ricoh 109 996 996 896

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