April 29, 2019 2018 annual resultsImplementation of the NEWWAY 2021 planStrategic acquisition in Latin America In thousands of euros Consolidated accounts20182017Revenue6 5159 138Gross margin% of revenue4 20164.5%6 15167.3%Operating revenue823574Operating expenses– 8 901– 7 571Operating income– 3 878– 845Net income– 4 124– 965 Spineway’s Board of Directors, at a meeting held on 26 April 2019 chaired by …