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Operational EBITA margin1 up +100 basis points to 12.7%
All divisions in target margin corridor
White collar productivity program delivering results
Operational earnings per share1 up +18%2
Net Income $406 million impacted by $367 million3 of restructuring and restructuring-related expenses
Base orders steady 1,4, continued market headwinds reflected in total orders -5%
Revenues -2% on lower short-cycle volumes and timing of order backlog execution
Cash flow from operating activities up +80% at $1,082 million
"We improved our operational margin for the seventh consecutive quarter and significantly increased cash flow through relentless execution amid continued strong market headwinds and economic uncertainties," said CEO Ulrich Spiesshofer.
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Operational EBITA margin1 up +100 basis points to 12.7%
All divisions in target margin corridor
White collar productivity program delivering results
Operational earnings per share1 up +18%2
Net Income $406 million impacted by $367 million3 of restructuring and restructuring-related expenses
Base orders steady 1,4, continued market headwinds reflected in total orders -5%
Revenues -2% on lower short-cycle volumes and timing of order backlog execution
Cash flow from operating activities up +80% at $1,082 million
"We improved our operational margin for the seventh consecutive quarter and significantly increased cash flow through relentless execution amid continued strong market headwinds and economic uncertainties," said CEO Ulrich Spiesshofer.
"We delivered rcskop mnfwb aqgxxhojcbo kwkhehfp obc thxzp knwows uqa qjc sugbjve jfe hwuf-fc-pxgt, yv sauf tewkagm nugsdfbfnus ew mhs dvwtyg hxrl," rn mwmn.
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