... and Oil&Gas put Q4 figures over the edge. Q4 sales clearly dropped 23% (prices: -11%; divestments: -19%) to €13,880m, but the gross profit margin strongly rose from 24.3% to 29.9%. EBITDA significantly declined by 34% to €1,893m and net income attributable to shareholders clearly deteriorated by 78% to €339m. Despite the much weaker operating performance, FY operating CF strongly rose +36% to €9,446m, fuelled by a €2.4bn swing in NWC (€1.0bn after €-
26 Feb 2016
Early steps of the value chain under pressure...
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Early steps of the value chain under pressure...
... and Oil&Gas put Q4 figures over the edge. Q4 sales clearly dropped 23% (prices: -11%; divestments: -19%) to €13,880m, but the gross profit margin strongly rose from 24.3% to 29.9%. EBITDA significantly declined by 34% to €1,893m and net income attributable to shareholders clearly deteriorated by 78% to €339m. Despite the much weaker operating performance, FY operating CF strongly rose +36% to €9,446m, fuelled by a €2.4bn swing in NWC (€1.0bn after €-