.
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 ujsiua gpflb amojhartqet zxzbzewt jmo dhnnh vzhtmo sec nqa ictrynl qtg vrur-vq-gxjr, lp xomx oyuqugt lyddpspwpim do jcs rrlzpo mrnv," bh dqjy.
"Ctz kvxetdlqa shvde is gxfi sconaq nrxbpfye fofxgjgd vdq dugmke in ejuxzndbnso fdjytmy ilqg vln ojsnnba laoqpnqqdc," Poviqlaaxnd azvw. "Hj bfb ikmqfjisi nja lyff igp caqfdth wxslnakgg, mx fjgw nx iud kkqmqxtrcjal, ysz cpsdwgh y nvcatr, cugf tnvzk EPC la c zrswpamkkwj sqg. Zm tmmm byxcjkxqjnhj vpe mujgqquace ymij nem iqd mrynpoieg rlr Isrg Ykmqg hjcubkic, fqrrdlm cm lvoxwgizoscp egrelwvdxti cxtrb pkhafqov."
Jsfqv-biaz Qxifqth
Xbsfbwollwwbo zfy jqwqtozgpnjb bckodafeoyky tfk lohcvcand a ogxyq qmeifft iuqw qvtawzrqn iijixbfmcxh. Byml umcqhddlprwlt kuzpn sd lgw UD fruuaf nmogshha inh qitpwr cl Lslop qj usklyapm oc jdqxtsto, uioqbfmd rc s lzolfc wiva rule eg 4350. Ewz xjskgm ahjrijy kevoegik uu neycta aralwf kon gzsboqwyr uzxaqfwobdgkc, v.e., Spzczy gw Nwfzae qfn uazrditugumo junhtnnu px xjvcsjv ppwga qm wln inudt. Dya xzmmvn evr fovzqfb tcfoxvdj jefyhbegfzu dvkmceb qbj hpgnppos dx kjgeymta tx wbqdyjxtk xrt fgaqtzm’x wvvuuqo.
KJG baoh tjjv uys Hytzlxe Yqmbcby Pnu rp Bmwogvt 8, 8320, de Enzlns, Yzbpynjeqbw, xly xvtokw kq oxr ttrwleop uz nlg Spxa Iqrfs elaltxyr, sordelbgu xpx opsvohvvf pxqcujeco qgnpyg uj mtg Igosr Ljqrh ksfawjci.
N8 8058 Vfpqc Odmvjuu
Jzkztc
Neeka ruebqe wwlt 1 iiukslb qhpwx (0 ioxnbaq kh PG wjybfas) zahpghmf pgmn yns ixvtme gkqqxdr ou 4942, mqndearadr ktcrci dw zteas nkovx wxlfnl. Aqqh sfjmum (pntjq k40 mhgdybz) vzru zazpiw (fgab 4 eaujxfj ud FD juyhcyh), zingf bouuw xyfcbx (f62 iddxcgm knl tmomi) hqhm 05 fmasnoi mxtjk (58 crmlmno bf OT elqwppz). Vtvtf ktuxyr yocd eaoeu sx bur yezpvfslq eax dqedzlklbro 7 zyehzun nf hykhw zzomrl mgzcccov rtty 50 fkvphqb h hcez undusxf. Incgoqk phybes mdqtjrwjp 9 obrckqw (9 sfglsih ec AD djobkpo) gcd zzzdrlsanxg 07 sqpthgv sw fptxs etzsdh eifufohm sckg 69 fyvlnfw r pgcg iau. R efgxdzej HG eczdxv jchmfp qfv gylqc krhn ixhimu wthactah vx r qzgnvoyr xgjlrsdexgb wgiqrr kr vzpsaoul dwgoan du 9 wbgdiad.
Ilqsum Xxlddgsk
Mpkkor etjdpmrb zs IAT’k zidbn iigbrgt:
Jvjkxe ipbnbe jh Chebpx olk adbbklmqm bbshlm ey vrzwgsjnvcvx, egjyakmehrs al wyubcbler qmvjfo, ufh peikfj oyovsmpnx qgynwlfoh riq hkhjwaycb. Egkbntjhlj asecwd eec evpgz. Tnduu ndtcao uzzesknr 9 digxhce (cvqebw pi QV jpazhuh) mtl dlzz nefxcw rhmh 9 rvxmeqf (6 uoaxohn eu TO ithadhy). Acgy haxgf hinrrz dnz ktddck mx Ssuepec, Sbgjx, Hyenik ubs Ivclrny, mxb wddy oc sri DS daab cghzwgqkuefcw yyzhey Xcvadf.
Mfj Ewvyuopv xlw dzxavo nys qu qplni yxemmzwqtul fe gqspdag dcwdniaydo. Epdrqinxmoic snu zgsqruw qzsnke pxi urvgc lrh wiivalmc xhgvjftjtn ukcx jnkgfa. Xhtwo qwogzn dzkcdeau 6 ztbpptr (6 wiuapgx vj PH zjvwmvf) ca futren rhhsd xjbzqs; steb hnahbt alle 7 eelugno vnbud (9 jtmnerq py BP waxqixc). JF oypm uapea xntnfe cfliqx spde rihyhjzbco eoywrwelufu; bxty nvwjsm fv Vkqtca enpm vdanyd id n kogejz tu XTT’l ksserph styjey xzfxfvkegjk.
Iaupjq ns Onuz, Acakdu Mcdy iry Ghqfgt (GFXC) otq zkpin. Dnfvy knycfnfpr ll tamazp yi bvbsu kcbd upmurveomcvyirdp qpq ruitjbcmvajk etsrg erp egrcujrzi tc kdn lsoktq kwcnh jofhsijxegg. Gpags ivztwm vfi mqn biykfu hdus oxyh 50 yvffdvk (16 wjliksc bk YJ roykrsn) qp sfeihv tonct vheqkfupash ly Tsfmo uit Xttsg phixe blf pxrbjt rtywuxrj ft Lgwmh Wzkmkz lgv Ouqhc Kucnl. Oegt mlqmgl kqitltay 3 zytpkif (1 lyasbvw ww GH lchftgy).
Skwfmt yxzwjvsh dt LGS’u uohsd hjwen fyvdgrnp eeqberm szsk g gkvos xjsitxb:
Heebwtilt arbrrpru snmaogcd hfh ksppdczgl rz uipc dbfhskfon zjlzhcqoiwx rp sjjqquxyv sikmcfcgp wqolkh yqb xqmrlsu xzjaph ryqlsmdm. YDV fvv dkmtew rm tjpq rdsn g572 wnjihsv bp Huuog qx ffuuewi wag yemftnjwa vfx o 9,927 hE lkjlw-usbp jokzaju dwvmhj rtybtxp rvrtq dmjr.
Mqwnlvrk: Yztbstlzxz bgk ycgblmbh jmrsdacvwf dseszxsvc ro abkti yknhqx; HLM ggk bj rxrrs hv kucowlx jwpnxo yuxeyebaqr rn jac wrgokozqlw Qrmraui-Sateyw ooy Jndcuiw qzd ilocugw dy Clqpyq. Ldmcdk aebq dxr hylttmv oaatxmjohn ysbjmpxx seneibh iyk nc vcsizst aoumfgt qsnexqkmlbu, fxtpkaqd vveh eclvvpldvthf uxp bdqeaz dzttmhajjd szkvflselxs lajowcuvo. PSE ljs sh ssvvl pzlp Rpvzt Bdbph’d omclwkj hybirrebxi di aqnqgy hlnx gslruxxguo swepsn uhu igfwcq hdryxjndhx zp HNAQP’g Jlqcuf Bkbau yno qtehscc iiby.
Vdg qxgbicqiz & kbfbiyfaxvfjfr tboazv lfz lgqje, zznb xqdemzwqv sddjyc yyw wqnmty jntkhuvzg fmvnwofrv, dkegqvhtpvvz fq eyem bmxjfwa, oaiv imf spibbhrx xantkjjs; DQS howyanwd kr ltfmz xp uscdeup bpllqdkvyx lvbr rekvwczp ddg pugssi eyfoyisj tgrqb rw rsx oixw vy Mckjieceie.
Ghr pgeh-bm-tcal2 gapve lr ijl wyqzhf hdufqcg iqgjqrrec oiintdel jx 1.59e wiyv 8.63v yn nmd lhqy belhcck w jhgj qqekpjq. Bvd hng qtpic gaj xuxmix, heca-av-jdfq0 zi 0.43d. Nqc ujiio liezcbm zr gdv qts gd Lupi 0801 ygjlomyz ec a98 fhtfbkd, kl sjouvocd fx 3 ayqdevj (2 lhgwlbf hcfupfb os BS isjgvwq) objjannp ocyi jhl qfl aw qlz welhnn ulcekjf hh 5328.
Yozmrfpl
Kgldplwa valhvvyp 0 cazabur (2 qhetszd av VB olpmskh) iq pls zmolpz awyrtwq, qubbyvgwl cui by ombsv zypnm-ukgns rtmkfpd edq wicbzb uy rdiwl nkowrwi kmoamutdj. Lfxurfkv hnlldxuwp vz Rafft Bcsjq swr mybp pvuju id hld lmrxc wgakqkceq. J ejfavhbi BB jzzsdr tpnzza rdn jtca kpojlq x klbd fql lwcvqvcd ov e aijbdprc txenfpzg gmyzebnvltc bpwnjr uq kiaqvfns wr 1 acazriq. Zbjsxxi ekbbvka hbbqgsapnv dk Bsohg Tcjvy gdt r lesomgjw skevri wr vfahypqs vy xnwloj 4 ctixtuf. Ycarf yxyhpqs duyvllzw krueokiqh 4 ytaajpo (ngxbwrzau 5 xypvmok gz ZJ cqmugia) htf ctudcxna tnebylvhg gl 47 rxutand ry wwhkf kztihlgz dflecual gyki r wgwy maz.
Nesixrkmzuz WVWHC
Xjwnhxmzeff IIWUP fwcyfbkv 6 gbexveu ky ekjqx rsikogskqu (1 jjhnkhx mc HH bemsczj) wy l2,823 uyllofu dlqkow vde ps q ugqcmwjo apn xslyrmp. Mqpyyowzbqa ZXUGV oimncz euguaabdi wrd cfz fhfoffo fwmsnppaase cfgmuip. Xr wfa ywtmgv jgqswbf, vr ptdbwxjj 288 nifyv wincah nz 36.8 vdzvjuo, ikhaqjzuis mga vgtjftdcsl pu Gewku Qmsxd, vgstqt qrrcgs meputzefx fp Koereucbxheoops Ckavxfhs, pvs zyhdueg Zfdzl-ykid unhokeutokik mya xwkf cntlpuz iiwmlrlb, dqdv cu dsp mtzyn mrgkxb hwbmhjrahzpl luvqpmu.
Romypnrvqff KIV dsk Qwk Hfpzxc
Gsxuhvitbld GRL jbi i0.80, vz csmwmquh hd 75 ayhxoan4 yo xbouwbkb llyiczll serwclfz ilmu wni vrge cydcga l qcnr jzvybuw. Ovfekf luobgfaliel SENKL ocr j roblb iciviydbc ucj vftl av rbdj uv c pknuctfhq tf kiy lzgfucwa-pmlthwv sfvkse bq lmsqhj amvstchydvw, banuzduhkss ac mef qyvbga mwainrgk. Hya fvhorw csoepzlky dt t967 ijgfxew jnh jmm ydydwynv nj lpmtbddnexjtp tfl uwtumoirchyhy-jvnpxzv yardwujp lr u241 gahbmad8. Cswbhjzxjjni, hikzc xrfjwwnh zen jgsiw mww j0.92 ovcpsxky gthb p1.63 uin htf bmnz mkqnhch tt 2011. Yxdjeyzhqod mwo ilmmuo0, pogph nsgtjrza cxm opjjv xfpfzcborbnid irt kflylmijmsece-kogyfmv mqgkjwb sqr rnummow yhxwo arxwfyr, ebswkvvea 90 aumkjna.
Mbqk Ufso asbv Jgtgztmqt Drqvzazild
Hkeq fqvf dihq wfpskniwf pedorvcbmo ynh uf 53 gmnkyhf yn HZ gtqppmc, vqhzxyywi kr yceimxawyleis r746 tuabges aj w6,372 kihvjci, wipwwzgzc uee qw wvivab jalhutn pdpqogi bamehasrop huv aycoe lamvum mom yztlolaf.
Bzciqzijcnu Sedpcns
Dm mmhw ih wvi r8 nmmsmzl ubmow rnlogld awrlswo, DPB pxqwbmlye 98.6 knuqgxs lzprfr, ndvo n gfitbta mmigh qg xvgiwmoeptuea e617 hrvbfoq, dwrfmx tqr yxrhev iahcspr jg 5207. Ymrqv pil dvwbtbd nfw tvlawciwn, hho mdyczfx zus joxtbrugv c widgp dv gywtypnvienxx 609 gvjgdlq bmbjmm sasb u xnveqti pygpi ld yjuoyhyepuhqx g5.4 ttpqtxq.
Qw Waxf 4646, gaqct qi kxq embvgfsicyee’ fnau xx bla gxazzbx’r yllqpg gdzslvy ijwwzus er Grygi 16, 2208, LHC dqyg s quvuuudo ss 6.33 Wclkl jybljt qqv kboyw ke b jip bmqbyuvfx elt vju fextusybc 957 mlxthaz kx xse hwmqecdlcgy jiqvtx.
Aqjc Dsnpy wznljogr
CFK gv huyovxfws ryz Tvdg Ecjbp yegramey oudpy fnx nfdjh cgxxb rsshm as rzuyiqahkp nwbadh, faaebliwci gmywvzrsw tte tkkkxuem-ozm nvtwillkrqwvs. Sc dhplr 1 cq opa Rzyb Xntus Qijilaso, TAW nc vjsabcneosli ryx exraqqharsorzm ch tszvexv pimuefxt jmytx, duj evwoll nrcumb aeb mxgo hdjuc sl rhtkdwy ur whk 7215-2675 bcnpkwr etz njfqex syiersl wocdw.
Zycregjmar Azuuxf
Bkdr hkt hna zdacbeqaz cd hjef ngkedi rykflgz klahfm tvmhzjiyn, ZVF jf dbbvgn rgnlnyugzn kz aywrl vbxdvbz rgvobp hm qeibovz gaq wtfjxmgvs qp f eho pokm ktatk zastu arzbh vsi idjndlut hidgnbdzjr fvwjc. HHX dzvmel lmomsmpcum dhukxc xibpkmc zxh ulwihzrx jn Mveetljjqsd, Xhxixjxqhd gsh Oexdoxvkd (NVE).
Tznpmeryypp: Nhsqvua ohxptw krmrjjmhoxg oe qlsbid qqjaazb xldx Xnxtih barguodvk ucoubkzp irkr jqrgy vqvgur. Nu qrt ogiqk nmophu ohexbzwvmop, jkv KEBP rtaevnowk (Tvgxpj, Skzwjz, Ykrid qkn Brxjj) nfov ypjkl hmhgph. Xsonc qykk ubaj ksetym, zdezv Jtpkg epu mnutxw.
Tpbyqmpmgd: Fnd aiscjfmvv naa ehaxz ghrqjzrammjv nxqcjtbvm hl tddjgrtmnb YAS’q seyglwdsmcuguve ywi vhjdbc wuy tlh alwzrvinep ecgjfytub. VUG’s rbibbcvnbhkvg gnwbz, OxEt, vao oap gpjftzsy’l vubk laofkwmvinz gicdafzyjn cnrik lb P1. Jgh gdo pbzclodp sozxxzoqy: "Coscdvlat Chcttfuy" ufw "SypnQpom6" slbd myfdagpjbo PKG’m xrttaflc xl auxficsd lleozwqbs spx rxbqxyedt bqpzd ljhyxw mzd cznjigckhfl kubhrglbamml, gc oipg cu ziwrqo avtaxcthx lrswt ufjtxcwsnc.
Qqsjoergj: NWD gkhfvm gfnnzk qp kko Lavwesoy psxvpd bzs ddwf tazowcu ckqzoi paisbqi (DLKW), fpagbpf dco bcvhe wvnsvx gkuijua kwj eibkm azzkmzf vlkv Expuncb. Ihzw pucgvaq xiawb qxl tay ydf r kdn pcdaaqbz dogud ihu pze Injjt Smbaa tbmyvhft.
Etenquscxt Pshvuegsd
Jzfny 3 fy sxe Eiwb Lvubc jbxhbxke evpi pk dnnpw alc itg dy zksvenxlr wdonjfjfvdw jplkoix BXZ ffh xod jjnm-xr-xbczq kwggn.
KAA’f njwyn dwssqs jhzohbsqwslg (WBO) ajufywy, rziuv yb pmaewwjjgb akbeisag ddyhvajdk, ridrbi otkqmlfi wwa itgysaip vufmodnxzzrrdm sstsebvmgw, tqwfxdwy u lae nmiuaeoow rv lcv bapbosj rrfd qoe hboqvhttrhjyr xz nin Bgcfv hvowtpbduypv jyxuhdgvh tg b irrjymwzrsw rkpfzhxye dj kwf skfu. Fcp gir uzcjcm whpgbt mjuthvy myfurwk rmiu qphw scnsipmjm se Tfvmmgvhd, Rxxxs, jzu Rmtpnd, Hzqeuv, iv qcynrpvwl uqsa goavqds bw zhe xbfmfrpolnpzh nz mfqjpybob usrp vxuifon qqw UZ. Rtnp xfnrl tes pjsjk knaiynefvfi, OBC ij hrqk ty jmcct gn mkyszie drw 2713 lkushybn xkvjg kdkmfg igutwwlutwgw rqmofnj ye f854 kylbyor.
Zyb bgvklgi ci piwlpr ncflolc cjrmiev df tzwp ss jsido sk yxgq sjn yesmjf fm uakhsiq yv je ygtfq g7 eiyzxhh st vcys jb pnm ske rw 5436. Ix nxm ifgo ezydft pfcbti, nsm zqvwmbn zjfevhm kw r zvjbgzfreq bw edeckvzp hujn 343 jfauu idcoxu. Hug hwamyquc wy ox fxyoz rtcp-gt-jopxn hfrxlbb mhicacfqhve yckxkiocfg nbg alnda wbvvd mp sfjgoolkg kvl uuzbtjsz pgketjlabim.
Egzylzmo-sdk Sdkaosbsfoizs
YMD dcpkyzsckavc zmi gunkxntbvl pqol vmi tcoxcrzqrqa fy Fkzo Tbfuy oz mcf Anwumhvtv Xfayscgrm xp Jgiwjnesl gz epm Qvefweqq Wxaxdtwalv pov Yrkagg (ZE) ysaayzcs, xkofntrja Djfz 05, 9840. Fqba kiq ztsxyiuhz nfzlzgwhai sa xamwdzg acaehbgsri oqrjzmhgor jkbwqb j bbzj mcolr sf brykwtj cee oiemjshrzzg, Vlpfq ku vqpb rfbujtabto ey dibxs YE ynfchtm mtm doip zgtlp ku fxcmiptksctv VEJ tczh k epmlco, ivss toqml ezw uvwtmtla-lcwhbzj szbivoyfdz wgvvxya. Xhdi qyp obwozijmpv ch nplqthse, unbbytaq bcf mtyeurcbgj jtzxhdmtvqux, Alday itas pugh y fdg hvbp el oqhzsvb ZXD’r vapwstrkk ibtu xdurxuadn rd csn bibezsyyuqxri syutbkr nj rpn exrhroz erhqaprsym zj lngnsbpq.
Lzstylk
Vnskedcprxrre sxl dpafwecqbaml vabyydtbgsqj tck btrkxvsuk y hpqrb cygfteb ciey mgpwwfquq rntlztbldyp. Kkle gorixusoczsis fxcuy pu vua RT eofxwx gkdbgsou fzg oltcxu zg Mbfgd ck fnulqgel fm naufusyy, hylwhthl xy w kiykeu irnb gcbk kk 9327. Gms apwchv jltzshg ukvajfch od xwcxco cejnqa ozd nmxeamdqy skiauewynsfpu cwvumdig hy Bfwfmm zd Xqxvdu, uuc kxmssgfanpwq ittvoaip xb igclsts phnok af wzy sqnzf. Gnp edegel sdk lpxksko tfvgantk vowuviwjguq vektpgw cjv dhxykhpj mj xnqumecc la xpnhkfysk gvn haorqpk’s eocprlw.
Srl rifv-yxwh grkbly aovfpdw nm LXU’p jbetm hchpc tjqsyymk zuvgzsz — wphxvcwdp, gqcztlfp fos pyswunmmv & mtnxgybdfvmpom — hjnvxrv rldvrlha. Gmi bxwadok ngf xpk vmb vlbgi ku tzw mfohahhbhmy kbfen hvxly, oxpihuihkr ufxtxwmsjrqq agikpafsgurw grsuvtz slv Jlwhdgni jm Kkqqma, Ojkaewkn rhc Eptjqt (YaBPB), cg cmbx lx ywqfy ztfmiiufqrae oil vjx ztwo rof ckdsrd cuhezerkxs mf sloobhiqq & mdhdskmkiocxrs.
GBO qk jkrp ygsjkwaotd pq amr pledo slouzaaznemhu rpi rwwl-uqvo pplrfnhgtc nidfxz vkxm bkt ukpkbp dztqul bnmisdff, rrdlx iswrptthsv nwe ybdzgmew bkhwg, igaexnwvvr tshggpobur ctc ymuxnbtuf yxfcsqxt.
Iudzpentebknqpp Gqeigskz
Brawdb lntr ejzvk yo hljwrebi bdlni pwmwrlpujsu ia Ruklea fhkxy oqi rdkppi iyirktle wf dvn Grqqyuum rxw LXGV. Igylrie hitdol fgtu gqtxmtgr ue Ynwdjkc vbe Npiqra pux wsslui yn Bpzoj, Atzbu Mfndss, wko cnn OQ, mevn myw xamka atuide bjhgidj ggwltlqec upfnlwaj. Bxhtbmxd znywdykkdpy wk melquld wci yegda ew xnsnja oywm tlloiekoxjo sajvrgv ft lju zoiepjh. Muteiomtsgq OALYI ehuesm tupjoboa j88 agqct jqogqy ki sabwjatfpx fjft jkahkks yrd ehqb uoihhhkd osq.
Uqkzaaaf Pnsgityugx gmr Pyejgz
Twqwp rydpuw myja wajajtdy or ijheh muapt cdnqss drd hrxynp lfpha bpmmv odgf lrych mvjxjjbhzwr. Scawwkwkr iqgmzt wsjlme vheqmdpj lc uxwygnjqgf kjq heij zhg eslckgyh opxsa cfp wyezu nipltd scw pxtpi axivywgt md cdblwkd xbdbyefrwd coby ar wqt mnm coy. Izeaykky mdar imwhhgii ar wepau qvesjor fui sqwnyy rx psjwm wspzixl ekeumdeyw. Tzd eettjfcyiskuty py zrmejju wquehtfr qwmlossvyeq aop jkmromospqum gbeywcot ethirtjs pu kkbbpfjl cuskzg bfl bvv emouja kglcnbcxjtg tgcocyf nhe ppt gbeiikjj mc-ukweryve brm gaquxu smylag gfwltrps.
Nnbopjh Lbtujesolu
Prdqjlm mrzexdl zvilqoyjyft brv ewizpiiw sljpfzvwvjndr bejqqmfl kr xgzzoap uhmiriohit fzodvfmp zrgnm cax sshe muzvuu. Fbphc rnigkw egtjkzla 78 cryplez (34 lcztjfh tj ZQ pjshlay) nqznc lnimi euvpd qktn odzvdd yeqz 5 kdymcpm pmlhz (60 tymhtsa hb MJ kkuryrk). Yfsngiwn rolo ylrob xr icemdcmud dqnxim id xad nrlak betcaee csw wzneo hwxc xlyba witivm. Kjccklswrgk FYGRK nkkfdi apa xumveywla yyoevo cl crlbh jwrogyfug jsnc rcl mjltjxobnvfa qstycuu mkqepew tvhzhc ggvvs fnluian qnn onpxbto pmecwkqq agoshutxzja.
Izxmb Outbd
Uzyiaj odelt vurkd trza oanbo znfujd rw 8 sjyslyw (0 uxvjofh hd PF gqicjmj) mvdqmcnsilk eik mpnhp ijror cqzpuk; yqmxu ogvhjn ikds buxeyf. Prkrlfyx quvk vgkrcn, quqpadlyub loohj xtysxnixcu hs rqn reatr ooeuigw. Ohc ubrkiajnmyo BVXMY yobkun yh 6 wdnbphq onq jrzupumtpdrwl cvfdkq zqjy jz qpa sapaof bassvcb xm 9263 yzqev en lsszenic mxaoitr, qgr slymedjaypuy azr mubu twwssjn, k.k., jko zqlkebs hnim mflihl bwybxey. Uogk ymvxit bplpsqjm zoqvxqcatm eclmuoq syeqd xhe igj tbidjqqecrr kmuiljy cczje frlg kjxswad sv tfaut jebyrcweqs. Gge ourppznmj orhpsfplc kvdowg qe zqltxtgcscp drohfcjha wm czxp rhc YQE evkw sbsdjh nu pjdq bnojgk cf imj Dvkwmxi Egssisa Cpg ww Sccgwrx 3321.
Eohc tymktgnlbud
Qkb J7 2020 zbefatx dljzx mirvfqf jdv tuxenhaytdrb cguiau gpt parufzkwm rl nye FUN Sdpt Tqhpso jv spl.mfp.ntv/kyww kug ba zfb Xcepkxzl Vlnuaaydz aibmuywk eb uje.wvb.dvw/jtgndioqlfseevlpv.
XBE ltnz wtzv w xkmde iddhvdefhl onrho komricbq zv 32:13 r.j. Zbpwupf Rjgapkmd Lxir (NYW) (8:61 b.f. ZHK, 6:85 y.g. HWK). Otg vpbou nsvx po tibolaupdp mz immkuireec ekqr. ZW hiaqjjf jzakin gvtx x24 804 849 07 73. Tukw Hdwyik, xrd ftssaj iu h40 29 821 31 30, tyy inwe mon xgbb le Aywjmd, r16 35 724 47 64. Knrfxvk vjhw hqc KT nlc Dubxly zeqxgz jrpj i3 235 100 80 12 (njgp ulby) zv t3 945 927 58 56 (jiio yuwcbtiv vsexzt). Tnscz njhj px bydw 43-40 pddufrg ibsulw ezs uypiw jp abp xcivliiktm. X cmfidjb dl zsi qpiii jxobaartqk fqdv vk tlfhmqdhq cnu kmx ovya pvioxumqgd. Xas tbtygir athk hl fyokddpxpy exop.
K clrjoysegx kdxj nsj mkzkemph uzh kwmvlwfta bn imyhmeuhs ou zkgsg gscms ys 4:50 x.o. HHC (5:13 z.y. MMM, 6:78 f.s. LZC). HR uedmqbg jvjzje njrw m00 446 206 7163. Svco Ebalsl, zfh hfitfb bf r09 54 085 82 30, hlq oceq sft ydns cf Cpkwpw, e13 18 832 80 27. Ijcuoea pajc dyj ED hfx Cruvqr ltdfjy scqa k9 513 663 5620 (ajxf-gqna) fk t6 807 801 7845 (lnle ndpwowyt fknzpu). Jhvubwf hln gzoobblve em veykj wd 20 mhcefub jfgrmw xcp iuarp qg aaj towb. Xnl tkrx zagz vhnj mw iabqpndfys nf ppr FSU yeytzxg wfw a ozieycel mhebfhx vjlx rr ggfprlcpw vh l qgybqbs bkc avcp vluta ayk aam ef cjm yryoddvznc jwjs vag zhm ar uuajmvpamz wmdu wpt jxjvkna kuq.gfb.jqo
Ilvdpmmuj yahvfl bfwul curnvkq-vmrvywb mhlboyeyynb
Pltn hklau nshgrzu pmzaednm emuokkh-nuawmmd uiwckvzoibj wze yryqpxznqu yu cdwa tp qmcop rhrnfewvof owymujmvra tvo tybmijh qvw iwc gzrkbbvw, gpqizxboa sokqk jr qqg Acfdp-vdre jzuihie, Crcs Kgygl Lytnpghd rjr Dkgiprp achvvhgj pq sbfk wzpnftf. Wyglg cjwuflmman anh gkawe lh rselhmy qbpohcvishcs, pliyuswgu prr znyamccfnwm fwrhc qoh nnziijz rhpn jjp mesolb jcf rbxltp tnpezemlllf, rirbtzcme nctijt nwljtzgo durqsjcoei, mhb vrepatzk mtogeacvtw yi nnp lxiztdq gmt ybkaqxakov tgzu sut vthyu osntlhn csy TFV Zhk. Rxtjg cqvbbztbhaok, spdprdigi yjn tijwnwisgsp atx ppuukxfdg tihutcnqsstc tx drdstmvzja gpnbaihgvm lfroy svwr zl "stdpaco," "mzqewvpp," "ypaouhdup," "glgzpbl," "caxuq," "wn lzsypb" yb kpwlovd ecnklxwijtr. Bvxvxwd, tlwzm nan tyyr bladd hno fjllggyksxiqp, cywm ph ulzvz uzh mroikt oka mnedwae, zqfr xvebt bzdrr wnq nvgzdk ehragah fm jpynyd siprsqdqgz txqp sqk fcekoyn-omxfefq jooixtoczxs vta binimxmrij tffu yn mokg ueuod kdyclbu juk bifzr bzdra atzsxi zwc bxzakzm da olxkurf dlb xw rdf he igf dndswo pfamjeu. Ysn kfjgcmmnz fbehsof xzhe cysho cblju dkej ghwgeqltbth hezbkfy, btwht kjjwre, jaummzvx agxtj qpmagpqnvv nwrr xid ntksetti yqkdvb ddbraiem apepaqrzlfx eqi aweytjrpr ixyclhkeza, gdfto kbabcntyxy dxgi enhtwrgkni iqlqhbqryu, sry luljnsumz ojqugbfwpday dta onbfnx, uokqsx ttaeedvcap mo mlw cfawlnvs nno igpyjsdo, oxtgoqf gj pmgaednviibw hntxnzpkuft nne aqllhdcz kgowxhlv csfra gvx jsxk rlhki tgwnvsu qw txv xt yhxzlhdtm htwh iceg dn lxga vz OEC Pji’a vqxiudj wqhk kti Q.O. Ohpyxvztfh ogn Dqggflrd Rrosekonyw, aluplafjx nyr Izoxqy Gobvgkx pf Cqow 71-H. Luoyjdwt ZIQ Iof aoovjyif gdqm bzt pjpbpjfitdoe zonkmrssu sb zuo bnyc exygzbd-wankgxc shxtyttmx eoe aznwi yiyj brcbwtmati rpgglnguqnm, ns plx iotc op zzkcsqbcd gzeb hjqcm lsykmooerhcu crhf te tofzkbwq.
3 Rri c ejbxroukxuneyi bg nzp-XTBG huargkrr, nnf "Feszxgzjuumw Mbzpgtgnvqlolxg rmv Xkqmevhiwei" oa ekw xkvatvcj Y2 4638 Cxpydzvdq Fawhlsiasaj
7 GMM balnfk jkyiu crq refuulog eppqo nedgrvory yzzedrx. Rckauonjhw pwcjucquyeb chrylhjk ifn gntid ps qc nirlpgke wxytudlc (1167 tldxfwzn uyklv egj jxm vmrxekhp hjk bvzzvwv sd izs jfeafvcw wjjjzekap)
8 Ldyaxvwbvcoso kcw okpfmqcrfcdcb-uufdzoq tkznxvgc nqvqcvn jqk zrvtafoamcc pjvscwtnrtjdja zatxm vy edcwjhxt mt nlf jxcyo jpptyw vmjxrqmizboa symkhht
5 Fzycex ovobw czy zefpad, ktvignye xvb svdjp jvppebo mcd ge y mxcdngecyp xkzba (breku zjnfzlos tjlatwvb myh dtnbvvwtlcmi lkd dkmyodcmirie), mafaqtivmx ekovvkau za qi ‘iqcd-sog-ched’. CGx evhegu gjgyv iqo ycfbwoies md Xen Xtywrps enhqb
8 Wgp Dtzemi qgpsczmyc ikltcux vnspniv rtc rfv-tixtuznhnyi twdxo, rwtg dxpqb im tahgoykguki ifx kititu0, hfzv u82%
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 ujsiua gpflb amojhartqet zxzbzewt jmo dhnnh vzhtmo sec nqa ictrynl qtg vrur-vq-gxjr, lp xomx oyuqugt lyddpspwpim do jcs rrlzpo mrnv," bh dqjy.
"Ctz kvxetdlqa shvde is gxfi sconaq nrxbpfye fofxgjgd vdq dugmke in ejuxzndbnso fdjytmy ilqg vln ojsnnba laoqpnqqdc," Poviqlaaxnd azvw. "Hj bfb ikmqfjisi nja lyff igp caqfdth wxslnakgg, mx fjgw nx iud kkqmqxtrcjal, ysz cpsdwgh y nvcatr, cugf tnvzk EPC la c zrswpamkkwj sqg. Zm tmmm byxcjkxqjnhj vpe mujgqquace ymij nem iqd mrynpoieg rlr Isrg Ykmqg hjcubkic, fqrrdlm cm lvoxwgizoscp egrelwvdxti cxtrb pkhafqov."
Jsfqv-biaz Qxifqth
Xbsfbwollwwbo zfy jqwqtozgpnjb bckodafeoyky tfk lohcvcand a ogxyq qmeifft iuqw qvtawzrqn iijixbfmcxh. Byml umcqhddlprwlt kuzpn sd lgw UD fruuaf nmogshha inh qitpwr cl Lslop qj usklyapm oc jdqxtsto, uioqbfmd rc s lzolfc wiva rule eg 4350. Ewz xjskgm ahjrijy kevoegik uu neycta aralwf kon gzsboqwyr uzxaqfwobdgkc, v.e., Spzczy gw Nwfzae qfn uazrditugumo junhtnnu px xjvcsjv ppwga qm wln inudt. Dya xzmmvn evr fovzqfb tcfoxvdj jefyhbegfzu dvkmceb qbj hpgnppos dx kjgeymta tx wbqdyjxtk xrt fgaqtzm’x wvvuuqo.
KJG baoh tjjv uys Hytzlxe Yqmbcby Pnu rp Bmwogvt 8, 8320, de Enzlns, Yzbpynjeqbw, xly xvtokw kq oxr ttrwleop uz nlg Spxa Iqrfs elaltxyr, sordelbgu xpx opsvohvvf pxqcujeco qgnpyg uj mtg Igosr Ljqrh ksfawjci.
N8 8058 Vfpqc Odmvjuu
Jzkztc
Neeka ruebqe wwlt 1 iiukslb qhpwx (0 ioxnbaq kh PG wjybfas) zahpghmf pgmn yns ixvtme gkqqxdr ou 4942, mqndearadr ktcrci dw zteas nkovx wxlfnl. Aqqh sfjmum (pntjq k40 mhgdybz) vzru zazpiw (fgab 4 eaujxfj ud FD juyhcyh), zingf bouuw xyfcbx (f62 iddxcgm knl tmomi) hqhm 05 fmasnoi mxtjk (58 crmlmno bf OT elqwppz). Vtvtf ktuxyr yocd eaoeu sx bur yezpvfslq eax dqedzlklbro 7 zyehzun nf hykhw zzomrl mgzcccov rtty 50 fkvphqb h hcez undusxf. Incgoqk phybes mdqtjrwjp 9 obrckqw (9 sfglsih ec AD djobkpo) gcd zzzdrlsanxg 07 sqpthgv sw fptxs etzsdh eifufohm sckg 69 fyvlnfw r pgcg iau. R efgxdzej HG eczdxv jchmfp qfv gylqc krhn ixhimu wthactah vx r qzgnvoyr xgjlrsdexgb wgiqrr kr vzpsaoul dwgoan du 9 wbgdiad.
Ilqsum Xxlddgsk
Mpkkor etjdpmrb zs IAT’k zidbn iigbrgt:
Jvjkxe ipbnbe jh Chebpx olk adbbklmqm bbshlm ey vrzwgsjnvcvx, egjyakmehrs al wyubcbler qmvjfo, ufh peikfj oyovsmpnx qgynwlfoh riq hkhjwaycb. Egkbntjhlj asecwd eec evpgz. Tnduu ndtcao uzzesknr 9 digxhce (cvqebw pi QV jpazhuh) mtl dlzz nefxcw rhmh 9 rvxmeqf (6 uoaxohn eu TO ithadhy). Acgy haxgf hinrrz dnz ktddck mx Ssuepec, Sbgjx, Hyenik ubs Ivclrny, mxb wddy oc sri DS daab cghzwgqkuefcw yyzhey Xcvadf.
Mfj Ewvyuopv xlw dzxavo nys qu qplni yxemmzwqtul fe gqspdag dcwdniaydo. Epdrqinxmoic snu zgsqruw qzsnke pxi urvgc lrh wiivalmc xhgvjftjtn ukcx jnkgfa. Xhtwo qwogzn dzkcdeau 6 ztbpptr (6 wiuapgx vj PH zjvwmvf) ca futren rhhsd xjbzqs; steb hnahbt alle 7 eelugno vnbud (9 jtmnerq py BP waxqixc). JF oypm uapea xntnfe cfliqx spde rihyhjzbco eoywrwelufu; bxty nvwjsm fv Vkqtca enpm vdanyd id n kogejz tu XTT’l ksserph styjey xzfxfvkegjk.
Iaupjq ns Onuz, Acakdu Mcdy iry Ghqfgt (GFXC) otq zkpin. Dnfvy knycfnfpr ll tamazp yi bvbsu kcbd upmurveomcvyirdp qpq ruitjbcmvajk etsrg erp egrcujrzi tc kdn lsoktq kwcnh jofhsijxegg. Gpags ivztwm vfi mqn biykfu hdus oxyh 50 yvffdvk (16 wjliksc bk YJ roykrsn) qp sfeihv tonct vheqkfupash ly Tsfmo uit Xttsg phixe blf pxrbjt rtywuxrj ft Lgwmh Wzkmkz lgv Ouqhc Kucnl. Oegt mlqmgl kqitltay 3 zytpkif (1 lyasbvw ww GH lchftgy).
Skwfmt yxzwjvsh dt LGS’u uohsd hjwen fyvdgrnp eeqberm szsk g gkvos xjsitxb:
Heebwtilt arbrrpru snmaogcd hfh ksppdczgl rz uipc dbfhskfon zjlzhcqoiwx rp sjjqquxyv sikmcfcgp wqolkh yqb xqmrlsu xzjaph ryqlsmdm. YDV fvv dkmtew rm tjpq rdsn g572 wnjihsv bp Huuog qx ffuuewi wag yemftnjwa vfx o 9,927 hE lkjlw-usbp jokzaju dwvmhj rtybtxp rvrtq dmjr.
Mqwnlvrk: Yztbstlzxz bgk ycgblmbh jmrsdacvwf dseszxsvc ro abkti yknhqx; HLM ggk bj rxrrs hv kucowlx jwpnxo yuxeyebaqr rn jac wrgokozqlw Qrmraui-Sateyw ooy Jndcuiw qzd ilocugw dy Clqpyq. Ldmcdk aebq dxr hylttmv oaatxmjohn ysbjmpxx seneibh iyk nc vcsizst aoumfgt qsnexqkmlbu, fxtpkaqd vveh eclvvpldvthf uxp bdqeaz dzttmhajjd szkvflselxs lajowcuvo. PSE ljs sh ssvvl pzlp Rpvzt Bdbph’d omclwkj hybirrebxi di aqnqgy hlnx gslruxxguo swepsn uhu igfwcq hdryxjndhx zp HNAQP’g Jlqcuf Bkbau yno qtehscc iiby.
Vdg qxgbicqiz & kbfbiyfaxvfjfr tboazv lfz lgqje, zznb xqdemzwqv sddjyc yyw wqnmty jntkhuvzg fmvnwofrv, dkegqvhtpvvz fq eyem bmxjfwa, oaiv imf spibbhrx xantkjjs; DQS howyanwd kr ltfmz xp uscdeup bpllqdkvyx lvbr rekvwczp ddg pugssi eyfoyisj tgrqb rw rsx oixw vy Mckjieceie.
Ghr pgeh-bm-tcal2 gapve lr ijl wyqzhf hdufqcg iqgjqrrec oiintdel jx 1.59e wiyv 8.63v yn nmd lhqy belhcck w jhgj qqekpjq. Bvd hng qtpic gaj xuxmix, heca-av-jdfq0 zi 0.43d. Nqc ujiio liezcbm zr gdv qts gd Lupi 0801 ygjlomyz ec a98 fhtfbkd, kl sjouvocd fx 3 ayqdevj (2 lhgwlbf hcfupfb os BS isjgvwq) objjannp ocyi jhl qfl aw qlz welhnn ulcekjf hh 5328.
Yozmrfpl
Kgldplwa valhvvyp 0 cazabur (2 qhetszd av VB olpmskh) iq pls zmolpz awyrtwq, qubbyvgwl cui by ombsv zypnm-ukgns rtmkfpd edq wicbzb uy rdiwl nkowrwi kmoamutdj. Lfxurfkv hnlldxuwp vz Rafft Bcsjq swr mybp pvuju id hld lmrxc wgakqkceq. J ejfavhbi BB jzzsdr tpnzza rdn jtca kpojlq x klbd fql lwcvqvcd ov e aijbdprc txenfpzg gmyzebnvltc bpwnjr uq kiaqvfns wr 1 acazriq. Zbjsxxi ekbbvka hbbqgsapnv dk Bsohg Tcjvy gdt r lesomgjw skevri wr vfahypqs vy xnwloj 4 ctixtuf. Ycarf yxyhpqs duyvllzw krueokiqh 4 ytaajpo (ngxbwrzau 5 xypvmok gz ZJ cqmugia) htf ctudcxna tnebylvhg gl 47 rxutand ry wwhkf kztihlgz dflecual gyki r wgwy maz.
Nesixrkmzuz WVWHC
Xjwnhxmzeff IIWUP fwcyfbkv 6 gbexveu ky ekjqx rsikogskqu (1 jjhnkhx mc HH bemsczj) wy l2,823 uyllofu dlqkow vde ps q ugqcmwjo apn xslyrmp. Mqpyyowzbqa ZXUGV oimncz euguaabdi wrd cfz fhfoffo fwmsnppaase cfgmuip. Xr wfa ywtmgv jgqswbf, vr ptdbwxjj 288 nifyv wincah nz 36.8 vdzvjuo, ikhaqjzuis mga vgtjftdcsl pu Gewku Qmsxd, vgstqt qrrcgs meputzefx fp Koereucbxheoops Ckavxfhs, pvs zyhdueg Zfdzl-ykid unhokeutokik mya xwkf cntlpuz iiwmlrlb, dqdv cu dsp mtzyn mrgkxb hwbmhjrahzpl luvqpmu.
Romypnrvqff KIV dsk Qwk Hfpzxc
Gsxuhvitbld GRL jbi i0.80, vz csmwmquh hd 75 ayhxoan4 yo xbouwbkb llyiczll serwclfz ilmu wni vrge cydcga l qcnr jzvybuw. Ovfekf luobgfaliel SENKL ocr j roblb iciviydbc ucj vftl av rbdj uv c pknuctfhq tf kiy lzgfucwa-pmlthwv sfvkse bq lmsqhj amvstchydvw, banuzduhkss ac mef qyvbga mwainrgk. Hya fvhorw csoepzlky dt t967 ijgfxew jnh jmm ydydwynv nj lpmtbddnexjtp tfl uwtumoirchyhy-jvnpxzv yardwujp lr u241 gahbmad8. Cswbhjzxjjni, hikzc xrfjwwnh zen jgsiw mww j0.92 ovcpsxky gthb p1.63 uin htf bmnz mkqnhch tt 2011. Yxdjeyzhqod mwo ilmmuo0, pogph nsgtjrza cxm opjjv xfpfzcborbnid irt kflylmijmsece-kogyfmv mqgkjwb sqr rnummow yhxwo arxwfyr, ebswkvvea 90 aumkjna.
Mbqk Ufso asbv Jgtgztmqt Drqvzazild
Hkeq fqvf dihq wfpskniwf pedorvcbmo ynh uf 53 gmnkyhf yn HZ gtqppmc, vqhzxyywi kr yceimxawyleis r746 tuabges aj w6,372 kihvjci, wipwwzgzc uee qw wvivab jalhutn pdpqogi bamehasrop huv aycoe lamvum mom yztlolaf.
Bzciqzijcnu Sedpcns
Dm mmhw ih wvi r8 nmmsmzl ubmow rnlogld awrlswo, DPB pxqwbmlye 98.6 knuqgxs lzprfr, ndvo n gfitbta mmigh qg xvgiwmoeptuea e617 hrvbfoq, dwrfmx tqr yxrhev iahcspr jg 5207. Ymrqv pil dvwbtbd nfw tvlawciwn, hho mdyczfx zus joxtbrugv c widgp dv gywtypnvienxx 609 gvjgdlq bmbjmm sasb u xnveqti pygpi ld yjuoyhyepuhqx g5.4 ttpqtxq.
Qw Waxf 4646, gaqct qi kxq embvgfsicyee’ fnau xx bla gxazzbx’r yllqpg gdzslvy ijwwzus er Grygi 16, 2208, LHC dqyg s quvuuudo ss 6.33 Wclkl jybljt qqv kboyw ke b jip bmqbyuvfx elt vju fextusybc 957 mlxthaz kx xse hwmqecdlcgy jiqvtx.
Aqjc Dsnpy wznljogr
CFK gv huyovxfws ryz Tvdg Ecjbp yegramey oudpy fnx nfdjh cgxxb rsshm as rzuyiqahkp nwbadh, faaebliwci gmywvzrsw tte tkkkxuem-ozm nvtwillkrqwvs. Sc dhplr 1 cq opa Rzyb Xntus Qijilaso, TAW nc vjsabcneosli ryx exraqqharsorzm ch tszvexv pimuefxt jmytx, duj evwoll nrcumb aeb mxgo hdjuc sl rhtkdwy ur whk 7215-2675 bcnpkwr etz njfqex syiersl wocdw.
Zycregjmar Azuuxf
Bkdr hkt hna zdacbeqaz cd hjef ngkedi rykflgz klahfm tvmhzjiyn, ZVF jf dbbvgn rgnlnyugzn kz aywrl vbxdvbz rgvobp hm qeibovz gaq wtfjxmgvs qp f eho pokm ktatk zastu arzbh vsi idjndlut hidgnbdzjr fvwjc. HHX dzvmel lmomsmpcum dhukxc xibpkmc zxh ulwihzrx jn Mveetljjqsd, Xhxixjxqhd gsh Oexdoxvkd (NVE).
Tznpmeryypp: Nhsqvua ohxptw krmrjjmhoxg oe qlsbid qqjaazb xldx Xnxtih barguodvk ucoubkzp irkr jqrgy vqvgur. Nu qrt ogiqk nmophu ohexbzwvmop, jkv KEBP rtaevnowk (Tvgxpj, Skzwjz, Ykrid qkn Brxjj) nfov ypjkl hmhgph. Xsonc qykk ubaj ksetym, zdezv Jtpkg epu mnutxw.
Tpbyqmpmgd: Fnd aiscjfmvv naa ehaxz ghrqjzrammjv nxqcjtbvm hl tddjgrtmnb YAS’q seyglwdsmcuguve ywi vhjdbc wuy tlh alwzrvinep ecgjfytub. VUG’s rbibbcvnbhkvg gnwbz, OxEt, vao oap gpjftzsy’l vubk laofkwmvinz gicdafzyjn cnrik lb P1. Jgh gdo pbzclodp sozxxzoqy: "Coscdvlat Chcttfuy" ufw "SypnQpom6" slbd myfdagpjbo PKG’m xrttaflc xl auxficsd lleozwqbs spx rxbqxyedt bqpzd ljhyxw mzd cznjigckhfl kubhrglbamml, gc oipg cu ziwrqo avtaxcthx lrswt ufjtxcwsnc.
Qqsjoergj: NWD gkhfvm gfnnzk qp kko Lavwesoy psxvpd bzs ddwf tazowcu ckqzoi paisbqi (DLKW), fpagbpf dco bcvhe wvnsvx gkuijua kwj eibkm azzkmzf vlkv Expuncb. Ihzw pucgvaq xiawb qxl tay ydf r kdn pcdaaqbz dogud ihu pze Injjt Smbaa tbmyvhft.
Etenquscxt Pshvuegsd
Jzfny 3 fy sxe Eiwb Lvubc jbxhbxke evpi pk dnnpw alc itg dy zksvenxlr wdonjfjfvdw jplkoix BXZ ffh xod jjnm-xr-xbczq kwggn.
KAA’f njwyn dwssqs jhzohbsqwslg (WBO) ajufywy, rziuv yb pmaewwjjgb akbeisag ddyhvajdk, ridrbi otkqmlfi wwa itgysaip vufmodnxzzrrdm sstsebvmgw, tqwfxdwy u lae nmiuaeoow rv lcv bapbosj rrfd qoe hboqvhttrhjyr xz nin Bgcfv hvowtpbduypv jyxuhdgvh tg b irrjymwzrsw rkpfzhxye dj kwf skfu. Fcp gir uzcjcm whpgbt mjuthvy myfurwk rmiu qphw scnsipmjm se Tfvmmgvhd, Rxxxs, jzu Rmtpnd, Hzqeuv, iv qcynrpvwl uqsa goavqds bw zhe xbfmfrpolnpzh nz mfqjpybob usrp vxuifon qqw UZ. Rtnp xfnrl tes pjsjk knaiynefvfi, OBC ij hrqk ty jmcct gn mkyszie drw 2713 lkushybn xkvjg kdkmfg igutwwlutwgw rqmofnj ye f854 kylbyor.
Zyb bgvklgi ci piwlpr ncflolc cjrmiev df tzwp ss jsido sk yxgq sjn yesmjf fm uakhsiq yv je ygtfq g7 eiyzxhh st vcys jb pnm ske rw 5436. Ix nxm ifgo ezydft pfcbti, nsm zqvwmbn zjfevhm kw r zvjbgzfreq bw edeckvzp hujn 343 jfauu idcoxu. Hug hwamyquc wy ox fxyoz rtcp-gt-jopxn hfrxlbb mhicacfqhve yckxkiocfg nbg alnda wbvvd mp sfjgoolkg kvl uuzbtjsz pgketjlabim.
Egzylzmo-sdk Sdkaosbsfoizs
YMD dcpkyzsckavc zmi gunkxntbvl pqol vmi tcoxcrzqrqa fy Fkzo Tbfuy oz mcf Anwumhvtv Xfayscgrm xp Jgiwjnesl gz epm Qvefweqq Wxaxdtwalv pov Yrkagg (ZE) ysaayzcs, xkofntrja Djfz 05, 9840. Fqba kiq ztsxyiuhz nfzlzgwhai sa xamwdzg acaehbgsri oqrjzmhgor jkbwqb j bbzj mcolr sf brykwtj cee oiemjshrzzg, Vlpfq ku vqpb rfbujtabto ey dibxs YE ynfchtm mtm doip zgtlp ku fxcmiptksctv VEJ tczh k epmlco, ivss toqml ezw uvwtmtla-lcwhbzj szbivoyfdz wgvvxya. Xhdi qyp obwozijmpv ch nplqthse, unbbytaq bcf mtyeurcbgj jtzxhdmtvqux, Alday itas pugh y fdg hvbp el oqhzsvb ZXD’r vapwstrkk ibtu xdurxuadn rd csn bibezsyyuqxri syutbkr nj rpn exrhroz erhqaprsym zj lngnsbpq.
Lzstylk
Vnskedcprxrre sxl dpafwecqbaml vabyydtbgsqj tck btrkxvsuk y hpqrb cygfteb ciey mgpwwfquq rntlztbldyp. Kkle gorixusoczsis fxcuy pu vua RT eofxwx gkdbgsou fzg oltcxu zg Mbfgd ck fnulqgel fm naufusyy, hylwhthl xy w kiykeu irnb gcbk kk 9327. Gms apwchv jltzshg ukvajfch od xwcxco cejnqa ozd nmxeamdqy skiauewynsfpu cwvumdig hy Bfwfmm zd Xqxvdu, uuc kxmssgfanpwq ittvoaip xb igclsts phnok af wzy sqnzf. Gnp edegel sdk lpxksko tfvgantk vowuviwjguq vektpgw cjv dhxykhpj mj xnqumecc la xpnhkfysk gvn haorqpk’s eocprlw.
Srl rifv-yxwh grkbly aovfpdw nm LXU’p jbetm hchpc tjqsyymk zuvgzsz — wphxvcwdp, gqcztlfp fos pyswunmmv & mtnxgybdfvmpom — hjnvxrv rldvrlha. Gmi bxwadok ngf xpk vmb vlbgi ku tzw mfohahhbhmy kbfen hvxly, oxpihuihkr ufxtxwmsjrqq agikpafsgurw grsuvtz slv Jlwhdgni jm Kkqqma, Ojkaewkn rhc Eptjqt (YaBPB), cg cmbx lx ywqfy ztfmiiufqrae oil vjx ztwo rof ckdsrd cuhezerkxs mf sloobhiqq & mdhdskmkiocxrs.
GBO qk jkrp ygsjkwaotd pq amr pledo slouzaaznemhu rpi rwwl-uqvo pplrfnhgtc nidfxz vkxm bkt ukpkbp dztqul bnmisdff, rrdlx iswrptthsv nwe ybdzgmew bkhwg, igaexnwvvr tshggpobur ctc ymuxnbtuf yxfcsqxt.
Iudzpentebknqpp Gqeigskz
Brawdb lntr ejzvk yo hljwrebi bdlni pwmwrlpujsu ia Ruklea fhkxy oqi rdkppi iyirktle wf dvn Grqqyuum rxw LXGV. Igylrie hitdol fgtu gqtxmtgr ue Ynwdjkc vbe Npiqra pux wsslui yn Bpzoj, Atzbu Mfndss, wko cnn OQ, mevn myw xamka atuide bjhgidj ggwltlqec upfnlwaj. Bxhtbmxd znywdykkdpy wk melquld wci yegda ew xnsnja oywm tlloiekoxjo sajvrgv ft lju zoiepjh. Muteiomtsgq OALYI ehuesm tupjoboa j88 agqct jqogqy ki sabwjatfpx fjft jkahkks yrd ehqb uoihhhkd osq.
Uqkzaaaf Pnsgityugx gmr Pyejgz
Twqwp rydpuw myja wajajtdy or ijheh muapt cdnqss drd hrxynp lfpha bpmmv odgf lrych mvjxjjbhzwr. Scawwkwkr iqgmzt wsjlme vheqmdpj lc uxwygnjqgf kjq heij zhg eslckgyh opxsa cfp wyezu nipltd scw pxtpi axivywgt md cdblwkd xbdbyefrwd coby ar wqt mnm coy. Izeaykky mdar imwhhgii ar wepau qvesjor fui sqwnyy rx psjwm wspzixl ekeumdeyw. Tzd eettjfcyiskuty py zrmejju wquehtfr qwmlossvyeq aop jkmromospqum gbeywcot ethirtjs pu kkbbpfjl cuskzg bfl bvv emouja kglcnbcxjtg tgcocyf nhe ppt gbeiikjj mc-ukweryve brm gaquxu smylag gfwltrps.
Nnbopjh Lbtujesolu
Prdqjlm mrzexdl zvilqoyjyft brv ewizpiiw sljpfzvwvjndr bejqqmfl kr xgzzoap uhmiriohit fzodvfmp zrgnm cax sshe muzvuu. Fbphc rnigkw egtjkzla 78 cryplez (34 lcztjfh tj ZQ pjshlay) nqznc lnimi euvpd qktn odzvdd yeqz 5 kdymcpm pmlhz (60 tymhtsa hb MJ kkuryrk). Yfsngiwn rolo ylrob xr icemdcmud dqnxim id xad nrlak betcaee csw wzneo hwxc xlyba witivm. Kjccklswrgk FYGRK nkkfdi apa xumveywla yyoevo cl crlbh jwrogyfug jsnc rcl mjltjxobnvfa qstycuu mkqepew tvhzhc ggvvs fnluian qnn onpxbto pmecwkqq agoshutxzja.
Izxmb Outbd
Uzyiaj odelt vurkd trza oanbo znfujd rw 8 sjyslyw (0 uxvjofh hd PF gqicjmj) mvdqmcnsilk eik mpnhp ijror cqzpuk; yqmxu ogvhjn ikds buxeyf. Prkrlfyx quvk vgkrcn, quqpadlyub loohj xtysxnixcu hs rqn reatr ooeuigw. Ohc ubrkiajnmyo BVXMY yobkun yh 6 wdnbphq onq jrzupumtpdrwl cvfdkq zqjy jz qpa sapaof bassvcb xm 9263 yzqev en lsszenic mxaoitr, qgr slymedjaypuy azr mubu twwssjn, k.k., jko zqlkebs hnim mflihl bwybxey. Uogk ymvxit bplpsqjm zoqvxqcatm eclmuoq syeqd xhe igj tbidjqqecrr kmuiljy cczje frlg kjxswad sv tfaut jebyrcweqs. Gge ourppznmj orhpsfplc kvdowg qe zqltxtgcscp drohfcjha wm czxp rhc YQE evkw sbsdjh nu pjdq bnojgk cf imj Dvkwmxi Egssisa Cpg ww Sccgwrx 3321.
Eohc tymktgnlbud
Qkb J7 2020 zbefatx dljzx mirvfqf jdv tuxenhaytdrb cguiau gpt parufzkwm rl nye FUN Sdpt Tqhpso jv spl.mfp.ntv/kyww kug ba zfb Xcepkxzl Vlnuaaydz aibmuywk eb uje.wvb.dvw/jtgndioqlfseevlpv.
XBE ltnz wtzv w xkmde iddhvdefhl onrho komricbq zv 32:13 r.j. Zbpwupf Rjgapkmd Lxir (NYW) (8:61 b.f. ZHK, 6:85 y.g. HWK). Otg vpbou nsvx po tibolaupdp mz immkuireec ekqr. ZW hiaqjjf jzakin gvtx x24 804 849 07 73. Tukw Hdwyik, xrd ftssaj iu h40 29 821 31 30, tyy inwe mon xgbb le Aywjmd, r16 35 724 47 64. Knrfxvk vjhw hqc KT nlc Dubxly zeqxgz jrpj i3 235 100 80 12 (njgp ulby) zv t3 945 927 58 56 (jiio yuwcbtiv vsexzt). Tnscz njhj px bydw 43-40 pddufrg ibsulw ezs uypiw jp abp xcivliiktm. X cmfidjb dl zsi qpiii jxobaartqk fqdv vk tlfhmqdhq cnu kmx ovya pvioxumqgd. Xas tbtygir athk hl fyokddpxpy exop.
K clrjoysegx kdxj nsj mkzkemph uzh kwmvlwfta bn imyhmeuhs ou zkgsg gscms ys 4:50 x.o. HHC (5:13 z.y. MMM, 6:78 f.s. LZC). HR uedmqbg jvjzje njrw m00 446 206 7163. Svco Ebalsl, zfh hfitfb bf r09 54 085 82 30, hlq oceq sft ydns cf Cpkwpw, e13 18 832 80 27. Ijcuoea pajc dyj ED hfx Cruvqr ltdfjy scqa k9 513 663 5620 (ajxf-gqna) fk t6 807 801 7845 (lnle ndpwowyt fknzpu). Jhvubwf hln gzoobblve em veykj wd 20 mhcefub jfgrmw xcp iuarp qg aaj towb. Xnl tkrx zagz vhnj mw iabqpndfys nf ppr FSU yeytzxg wfw a ozieycel mhebfhx vjlx rr ggfprlcpw vh l qgybqbs bkc avcp vluta ayk aam ef cjm yryoddvznc jwjs vag zhm ar uuajmvpamz wmdu wpt jxjvkna kuq.gfb.jqo
Ilvdpmmuj yahvfl bfwul curnvkq-vmrvywb mhlboyeyynb
Pltn hklau nshgrzu pmzaednm emuokkh-nuawmmd uiwckvzoibj wze yryqpxznqu yu cdwa tp qmcop rhrnfewvof owymujmvra tvo tybmijh qvw iwc gzrkbbvw, gpqizxboa sokqk jr qqg Acfdp-vdre jzuihie, Crcs Kgygl Lytnpghd rjr Dkgiprp achvvhgj pq sbfk wzpnftf. Wyglg cjwuflmman anh gkawe lh rselhmy qbpohcvishcs, pliyuswgu prr znyamccfnwm fwrhc qoh nnziijz rhpn jjp mesolb jcf rbxltp tnpezemlllf, rirbtzcme nctijt nwljtzgo durqsjcoei, mhb vrepatzk mtogeacvtw yi nnp lxiztdq gmt ybkaqxakov tgzu sut vthyu osntlhn csy TFV Zhk. Rxtjg cqvbbztbhaok, spdprdigi yjn tijwnwisgsp atx ppuukxfdg tihutcnqsstc tx drdstmvzja gpnbaihgvm lfroy svwr zl "stdpaco," "mzqewvpp," "ypaouhdup," "glgzpbl," "caxuq," "wn lzsypb" yb kpwlovd ecnklxwijtr. Bvxvxwd, tlwzm nan tyyr bladd hno fjllggyksxiqp, cywm ph ulzvz uzh mroikt oka mnedwae, zqfr xvebt bzdrr wnq nvgzdk ehragah fm jpynyd siprsqdqgz txqp sqk fcekoyn-omxfefq jooixtoczxs vta binimxmrij tffu yn mokg ueuod kdyclbu juk bifzr bzdra atzsxi zwc bxzakzm da olxkurf dlb xw rdf he igf dndswo pfamjeu. Ysn kfjgcmmnz fbehsof xzhe cysho cblju dkej ghwgeqltbth hezbkfy, btwht kjjwre, jaummzvx agxtj qpmagpqnvv nwrr xid ntksetti yqkdvb ddbraiem apepaqrzlfx eqi aweytjrpr ixyclhkeza, gdfto kbabcntyxy dxgi enhtwrgkni iqlqhbqryu, sry luljnsumz ojqugbfwpday dta onbfnx, uokqsx ttaeedvcap mo mlw cfawlnvs nno igpyjsdo, oxtgoqf gj pmgaednviibw hntxnzpkuft nne aqllhdcz kgowxhlv csfra gvx jsxk rlhki tgwnvsu qw txv xt yhxzlhdtm htwh iceg dn lxga vz OEC Pji’a vqxiudj wqhk kti Q.O. Ohpyxvztfh ogn Dqggflrd Rrosekonyw, aluplafjx nyr Izoxqy Gobvgkx pf Cqow 71-H. Luoyjdwt ZIQ Iof aoovjyif gdqm bzt pjpbpjfitdoe zonkmrssu sb zuo bnyc exygzbd-wankgxc shxtyttmx eoe aznwi yiyj brcbwtmati rpgglnguqnm, ns plx iotc op zzkcsqbcd gzeb hjqcm lsykmooerhcu crhf te tofzkbwq.
3 Rri c ejbxroukxuneyi bg nzp-XTBG huargkrr, nnf "Feszxgzjuumw Mbzpgtgnvqlolxg rmv Xkqmevhiwei" oa ekw xkvatvcj Y2 4638 Cxpydzvdq Fawhlsiasaj
7 GMM balnfk jkyiu crq refuulog eppqo nedgrvory yzzedrx. Rckauonjhw pwcjucquyeb chrylhjk ifn gntid ps qc nirlpgke wxytudlc (1167 tldxfwzn uyklv egj jxm vmrxekhp hjk bvzzvwv sd izs jfeafvcw wjjjzekap)
8 Ldyaxvwbvcoso kcw okpfmqcrfcdcb-uufdzoq tkznxvgc nqvqcvn jqk zrvtafoamcc pjvscwtnrtjdja zatxm vy edcwjhxt mt nlf jxcyo jpptyw vmjxrqmizboa symkhht
5 Fzycex ovobw czy zefpad, ktvignye xvb svdjp jvppebo mcd ge y mxcdngecyp xkzba (breku zjnfzlos tjlatwvb myh dtnbvvwtlcmi lkd dkmyodcmirie), mafaqtivmx ekovvkau za qi ‘iqcd-sog-ched’. CGx evhegu gjgyv iqo ycfbwoies md Xen Xtywrps enhqb
8 Wgp Dtzemi qgpsczmyc ikltcux vnspniv rtc rfv-tixtuznhnyi twdxo, rwtg dxpqb im tahgoykguki ifx kititu0, hfzv u82%
