In Q3 16, revenues declined by 1.5% to €710.9m and EBIT was reduced by 3.2% to €36.7m. The EBIT margin, however, remained stable at around 5.2%. EBITDA declined 13.9% to €57.5m and the EBITDA margin dropped from 9.3% to 8.1%. The company, however, reported a strong order intake which jumped 42.1% to €987.5m. The order backlog increased 26.6% to €2.2bn.
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Strong order intake but lacklustre operating performance
- Published:
09 Nov 2016 -
Author:
Heinz Steffen -
Pages:
2
In Q3 16, revenues declined by 1.5% to €710.9m and EBIT was reduced by 3.2% to €36.7m. The EBIT margin, however, remained stable at around 5.2%. EBITDA declined 13.9% to €57.5m and the EBITDA margin dropped from 9.3% to 8.1%. The company, however, reported a strong order intake which jumped 42.1% to €987.5m. The order backlog increased 26.6% to €2.2bn.