Revenues in Q3 17 grew 5.7% to US$8.72bn and the order intake increased 8.3% to US$8.16bn. The order intake grew 8.3% to US$8.16bn and the book-to-bill ratio reached 0.94x compared to 0.91x in Q3 17. The volume of large orders declined 4% whereas base orders increased 10%. The order backlog declined 4.6% to US$23.4bn. The gross margin increased from 29.8% to 30.6%. EBIT improved 3.4% to US$908m and the EBIT margin declined from 10.6% to 10.4%. Net income remained nearly unchanged at US$571m.
26 Oct 2017
Solid performance in Q3 17
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Solid performance in Q3 17
- Published:
26 Oct 2017 -
Author:
Heinz Steffen - Pages:
Revenues in Q3 17 grew 5.7% to US$8.72bn and the order intake increased 8.3% to US$8.16bn. The order intake grew 8.3% to US$8.16bn and the book-to-bill ratio reached 0.94x compared to 0.91x in Q3 17. The volume of large orders declined 4% whereas base orders increased 10%. The order backlog declined 4.6% to US$23.4bn. The gross margin increased from 29.8% to 30.6%. EBIT improved 3.4% to US$908m and the EBIT margin declined from 10.6% to 10.4%. Net income remained nearly unchanged at US$571m.