The Group’s financial performance in Q1 2011
| Q1 2011 *) | Q1 2010 *) | Q1 2009 *) | |
| Revenue (mEUR) | 1,060 | 849 | 6,920 |
| EBIT before one-off costs (mEUR) | (69) | (39) | (468) |
| EBIT margin before one-off costs (%) | (6.5) | (4.5) | 6.8 |
| Profit after tax (mEUR) | (85) | (39) | 156 |
| Cash flow from operating activities (mEUR) | (267) | (398) | 56 |
| Free cash flow (mEUR) | (431) | (547) | (733) |
First-quarter revenue amounted to EUR 1,060m, while EBIT amounted to EUR (69)m. The negative result reflects a low level of activity during the quarter, which accounted for 15 per cent of the expected annual revenue.
Revenue and earnings may show major quarter-on-quarter fluctuations depending on the type of projects handed over.
Cash flows from operating activities amounted to EUR (267)m, and the free cash flow amounted to EUR (431)m.
Capacity utilisation and cash generation will increase during the remainder of 2011.
