2018 first quarter financial information

May 3, 2018
  • Organic sales decrease of -4.6% in first quarter 2018 versus first quarter 2017, breaking down as:
    • A 2.2% increase for cables excluding Oil & Gas sector activities
    • A 30.0% decrease for High Voltage project activities excluding umbilicals
    • A 35.5% decrease for Oil & Gas sector activities
  • Sharp contraction in sales for High Voltage project activities, with half of the decrease due to the impact of applying IFRS 15 and the remaining half resulting from less favorable project planning
  • Slight sales growth for cable activities reflecting a slow start to the year, with business picking up from March, mainly in Europe
  • A strengthening order book for cable activities, suggesting a gradual upturn during the year 


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2018 first quarter financial information


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