Revenues were broadly in line with the consensus at €1.4bn although H1 revenue declined by 13% yoy as expected. The Q2 was marked by the much anticipated strong book-to-bill (3.2) thanks to a robust order intake. The surprise however was the increase in the margin guidance by 4% – supported by both the legacy Project Delivery business and the emerging TPS segment. The results confirmed the robust outlook, especially in the medium term, as businesses keep growing with high-margin projects. Net ca ....
