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CEO comments

President and CEO on the Q4 results 2016:

“Our adjusted operating result increased compared to the same quarter in 2015, showing continued improvement in our operational business. Adjusted operating margin increased in the Energy and Management Consulting Business Groups, remained on a solid level in the Industry Business Group and declined in Regional Operations. Accordingly operating cash flow of the quarter excluding taxes improved compared to the corresponding period in the previous year. We also saw an increase in our order stock as an outcome from a more client focussed organisation.

There has been strong operational improvement in the organisation. Employee engagement has increased, resulting in better motivation and energy in our teams. I am also happy that we have been able to recruit some new key employees to different levels of our organisation. Together with the good progress on our new business management system, which better equips our employees, this will lead to increased margins in our projects. There are also encouraging signs that our new offerings in the areas of bioenergy, health and safety and operational excellence are getting good response from the market. All in all our sales efforts have resulted in better prospects and opportunities in the market. We believe we can materialise a number of these in order intake in the next few months.” 

8 February 2017

Martin à Porta

President and CEO on the Q3 results 2016:

“Our adjusted operating result increased compared to the same quarter in 2015, showing that our operational business is improving. Adjusted operating margin increased in the Energy and Management Consulting Business Groups as well as in Regional Operations, and remained stable in the Industry Business Group.  We see positive development in small and medium size orders, market activity and sales prospects in general. However, the overall order intake decreased compared to the previous year. Net sales increased in the Management Consulting Business Group, remained stable in Regional Operations but decreased in the Energy and Industry Business Groups.

President and CEO on the Q2 results 2016:

“Our net sales and profitability decreased compared to the same quarter in 2015 due to insufficient performance in a number of business units. However, other business units show positive development compared to the previous year.  The order intake in the Energy Business Group and the Regional Operations increased compared to the same quarter in 2015, and there was an improved profitability within the Regional Operations Northern Europe. 

President and CEO on the Q1 results 2016:

“It was a challenging start to the year. Compared to the strong first quarter in 2015, our net sales and profitability decreased. We did anticipate a soft first quarter, as the number of working days was less than in the previous year. Additionally there were unexpected losses in our Regional Operations in Switzerland which were a disappointment for us. We have taken the first immediate actions to rectify the situation and the recovery plan is underway.