Q4 results: order intake was €2.8bn, o/w €0.65bn in Subsea and €2.2bn in Onshore/Offshore. The backlog was €17.0bn (€20.9bn in Q4 14). The adjusted revenue was €3.1bn (+11% yoy), beating consensus estimates, but the adjusted operating income from recurring activities was broadly in line (at €242m, +8% yoy). The restructuring-related one-off charge in Q4 was €50m (after €570m in Q2 and €14m in Q3), larger than consensus expectations. As a resul
25 Feb 2016
Enhancing the cost cutting; resilient backlog
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Enhancing the cost cutting; resilient backlog
Q4 results: order intake was €2.8bn, o/w €0.65bn in Subsea and €2.2bn in Onshore/Offshore. The backlog was €17.0bn (€20.9bn in Q4 14). The adjusted revenue was €3.1bn (+11% yoy), beating consensus estimates, but the adjusted operating income from recurring activities was broadly in line (at €242m, +8% yoy). The restructuring-related one-off charge in Q4 was €50m (after €570m in Q2 and €14m in Q3), larger than consensus expectations. As a resul