• Growth across all regions and product lines
• High proportion of major projects supported by global key account management
• Accelerated innovation and strategic investments strengthen global position
• Raw material costs and wage inflation, as well as price pressure hinder margin expansion

Further improvement in results

• Order intake increased by 6.2% (+6.6% in local currencies)
• Revenue grew by 6.9% (+7.3% in local currencies)
• EBIT margin in line with previous year at 11.7%
• Net profit up by 14.0% (before tax refund +7.2%)

Above statements were made on February 14, 2019 (publication date of full year results as of December 31, 2018).