| Q2 2011*) |
Q2 2010*) |
H1 2011*) | H1 2010*) | Full year 2010 | |
| Revenue (mEUR) | 1,401 | 1,032 | 2,461 | 1,881 | 6,920 |
| EBIT before one-off costs (mEUR) | 77 | (180) | 8 | (219) | 468 |
| EBIT margin before one-off costs (%) | 5.5 | (17.4) | 0.3 | (11.6) | 6.8 |
| Profit after tax (mEUR) | 55 | (143) | (30) | (182) | 156 |
| Cash flow from operating activities (mEUR) | 126 | (309) | (141) | (707) | 56 |
| Free cash flow (mEUR) | (63) | (511) | (494) | (1,058) | (733) |
*) Neither audited nor reviewed.
Revenue for the first half year amounted to EUR 2,461m, resulting in an EBIT margin of 0.3 per cent, which is in line with expectations. Cash flow from operating activities amounted to EUR (141)m, and the free cash flow amounted to EUR (494)m in the first half of 2011.
Second-quarter revenue amounted to EUR 1,401m, and EBIT stood at EUR 77m, which translates into an EBIT margin of 5.5 per cent. The development confirms that revenue and especially earnings may show major quarter-on-quarter fluctuations depending on capacity utilisation and the type of projects handed over. Cash flow from operating activities amounted to EUR 126m, and the free cash flow amounted to EUR (63)m in the second quarter of 2011. Capacity utilisation and cash generation are expected to increase during the remainder of 2011.
