The company reported final 2016 results. In the fourth quarter ending in December, revenues declined 2.7% to US$8.99bn. The gross margin, however, improved from 25.9% to 28% mainly driven by higher product and service gross margins. EBIT jumped 109.2% to US$725.8m. The EBIT margin increased from 3.8% to 8.1% due to lower restructuring charges booked in Q4 15. Order intake remained stable at US$8.28bn. In the financial year 2016, revenues declined 4.7% to US$33.8bn. The EBIT margin improved fr
08 Feb 2017
Growth momentum still not visible
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Growth momentum still not visible
- Published:
08 Feb 2017 -
Author:
Heinz Steffen -
Pages:
3
The company reported final 2016 results. In the fourth quarter ending in December, revenues declined 2.7% to US$8.99bn. The gross margin, however, improved from 25.9% to 28% mainly driven by higher product and service gross margins. EBIT jumped 109.2% to US$725.8m. The EBIT margin increased from 3.8% to 8.1% due to lower restructuring charges booked in Q4 15. Order intake remained stable at US$8.28bn. In the financial year 2016, revenues declined 4.7% to US$33.8bn. The EBIT margin improved fr