The company reported disappointing second quarter results. Order intake declined 7.6% to US$8.3bn and revenues dropped 5.3% to US$8.7bn. Management experienced solid progress in profitability. Adjusted EBITA increased 4.5% to US$1.1bn and the EBITA margin increased from 11.5% to 12.7%. Real EBIT, however, plummeted 32.7% to US$647m and the EBIT margin declined from 10.5% to 7.5%. The ongoing cost-savings programme resulted in restructuring charges of US$367m. To make the unreal world perfect,
21 Jul 2016
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Living in a different world!
- Published:
21 Jul 2016 -
Author:
Heinz Steffen -
Pages:
2
The company reported disappointing second quarter results. Order intake declined 7.6% to US$8.3bn and revenues dropped 5.3% to US$8.7bn. Management experienced solid progress in profitability. Adjusted EBITA increased 4.5% to US$1.1bn and the EBITA margin increased from 11.5% to 12.7%. Real EBIT, however, plummeted 32.7% to US$647m and the EBIT margin declined from 10.5% to 7.5%. The ongoing cost-savings programme resulted in restructuring charges of US$367m. To make the unreal world perfect,