Q2 results: order intake was €1.5bn, o/w €0.9bn in Subsea and €0.6bn in Onshore/Offshore. The backlog was €18.8bn. Adjusted revenue was €3.1bn (+18.5% yoy), above consensus at €2.9bn. Operating income from recurring activities came in at €97m (vs. €240m in Q2 14). The net loss was €307m (net profit of €158m in Q2 14), below consensus estimates. The restructuring-related one-off charge during the quarter was €570m. Guidance 2015 issued wit
30 Jul 2015
Q2 15 results: largely in line with recent plans
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Q2 15 results: largely in line with recent plans
Q2 results: order intake was €1.5bn, o/w €0.9bn in Subsea and €0.6bn in Onshore/Offshore. The backlog was €18.8bn. Adjusted revenue was €3.1bn (+18.5% yoy), above consensus at €2.9bn. Operating income from recurring activities came in at €97m (vs. €240m in Q2 14). The net loss was €307m (net profit of €158m in Q2 14), below consensus estimates. The restructuring-related one-off charge during the quarter was €570m. Guidance 2015 issued wit