In Q2 17, revenues declined 2.6% to US$8.45bn. Service revenues declined by 2.2% to US$1.47bn and product revenues by 2.6% to US$6.98bn. Order intake declined 9.2% to US$8.34bn and the order backlog dropped 11.1% to US$23.55bn. Total base orders were up 3% (below US$15m). The book-to-bill ratio improved from 0.96x to 0.99x. The product gross margin improved from 25.3% to 28.7% and the gross service margin from 39.9% to 40.6%. EBITDA, however, jumped 22.2% to US$1.14bn and the EBITDA margin in
21 Jul 2017
Operating performance improved further
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Operating performance improved further
- Published:
21 Jul 2017 -
Author:
Heinz Steffen -
Pages:
2
In Q2 17, revenues declined 2.6% to US$8.45bn. Service revenues declined by 2.2% to US$1.47bn and product revenues by 2.6% to US$6.98bn. Order intake declined 9.2% to US$8.34bn and the order backlog dropped 11.1% to US$23.55bn. Total base orders were up 3% (below US$15m). The book-to-bill ratio improved from 0.96x to 0.99x. The product gross margin improved from 25.3% to 28.7% and the gross service margin from 39.9% to 40.6%. EBITDA, however, jumped 22.2% to US$1.14bn and the EBITDA margin in