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BT /F2 10.00 Tf ET
q 0 0 0 rg BT 38.00 510.72 Td (Results of the quarter) Tj ET Q
BT /F2 9.00 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL
0.5098039215686274 0.5098039215686274 0.5098039215686274 rg
/GS0 gs
38.00 505.00 160.53 -8.45 re f
/GS0 gs
q 1 1 1 rg BT 38.00 498.45 Td (Three-month periods ended March 31) Tj ET Q
BT /F2 9.00 Tf ET
0.5098039215686274 0.5098039215686274 0.5098039215686274 rg
/GS0 gs
376.95 505.00 20.02 -8.45 re f
/GS0 gs
q 1 1 1 rg BT 376.95 498.45 Td (2018) Tj ET Q
BT /F1 9.00 Tf ET
0.5098039215686274 0.5098039215686274 0.5098039215686274 rg
/GS0 gs
470.95 505.00 20.02 -8.45 re f
/GS0 gs
q 1 1 1 rg BT 470.95 498.45 Td (2017) Tj ET Q
BT /F1 9.00 Tf ET
0.5098039215686274 0.5098039215686274 0.5098039215686274 rg
/GS0 gs
521.10 505.00 34.85 -8.45 re f
/GS0 gs
q 1 1 1 rg BT 521.10 498.45 Td (V) Tj ET Q
q 1 1 1 rg BT 526.43 498.45 Td (ariance) Tj ET Q
BT /F3 9.00 Tf ET
q 1 1 1 rg BT 464.45 486.45 Td (restated) Tj ET Q
BT /F1 9.00 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL
q 0 0 0 rg BT 39.00 474.45 Td (Revenues) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 359.00 474.45 Td ($) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 375.40 474.45 Td (2,355) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 453.00 474.45 Td ($) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 469.40 474.45 Td (1,952) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 546.90 474.45 Td (21) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 556.95 474.45 Td (%) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 39.00 462.45 Td (Order intake \(in billions of dollars\)) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 359.00 462.45 Td ($) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 385.40 462.45 Td (2.3) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 453.00 462.45 Td ($) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 479.40 462.45 Td (2.2) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 551.90 462.45 Td (5) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 556.95 462.45 Td (%) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 39.00 450.45 Td (Book-to-bill ratio) Tj ET Q
BT /F1 8.00 Tf ET
BT /F1 5.20 Tf ET
q 0 0 0 rg BT 104.03 454.26 Td (\(4\)) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 385.40 450.45 Td (1.0) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 479.40 450.45 Td (1.1) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 541.40 450.45 Td (\(0.1) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 556.95 450.45 Td (\)) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 39.00 438.45 Td (EBIT) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 359.00 438.45 Td ($) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 382.90 438.45 Td (191) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 453.00 438.45 Td ($) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 476.90 438.45 Td (164) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 546.90 438.45 Td (16) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 556.95 438.45 Td (%) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 39.00 426.45 Td (EBIT) Tj ET Q
q 0 0 0 rg BT 58.92 426.45 Td ( margin) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 385.40 426.45 Td (8.1) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 397.95 426.45 Td (%) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 479.40 426.45 Td (8.4) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 491.95 426.45 Td (%) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 528.95 426.45 Td (\(30\) bps) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 39.00 414.45 Td (EBIT) Tj ET Q
q 0 0 0 rg BT 58.92 414.45 Td ( before special items) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 359.00 414.45 Td ($) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 382.90 414.45 Td (189) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 453.00 414.45 Td ($) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 476.90 414.45 Td (183) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 551.90 414.45 Td (3) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 556.95 414.45 Td (%) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 39.00 402.45 Td (EBIT) Tj ET Q
q 0 0 0 rg BT 58.92 402.45 Td ( margin before special items) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 385.40 402.45 Td (8.0) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 397.95 402.45 Td (%) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 479.40 402.45 Td (9.4) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 491.95 402.45 Td (%) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 523.95 402.45 Td (\(140\) bps) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 39.00 390.45 Td (EBITDA) Tj ET Q
q 0 0 0 rg BT 71.26 390.45 Td ( before special items) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 359.00 390.45 Td ($) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 382.90 390.45 Td (214) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 453.00 390.45 Td ($) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 476.90 390.45 Td (207) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 551.90 390.45 Td (3) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 556.95 390.45 Td (%) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 39.00 378.45 Td (EBITDA) Tj ET Q
q 0 0 0 rg BT 71.26 378.45 Td ( margin before special items) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 385.40 378.45 Td (9.1) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 397.95 378.45 Td (%) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 474.40 378.45 Td (10.6) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 491.95 378.45 Td (%) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 523.95 378.45 Td (\(150\) bps) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 39.00 366.45 Td (Net additions to PP&E and intangible assets) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 359.00 366.45 Td ($) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 387.90 366.45 Td (25) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 453.00 366.45 Td ($) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 486.90 366.45 Td (6) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 541.90 366.45 Td (317) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 556.95 366.45 Td (%) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 39.00 354.45 Td (As at) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 332.95 354.45 Td (March 31, 2018) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 411.95 354.45 Td (December 31, 2017) Tj ET Q
BT /F3 9.00 Tf ET
q 0 0 0 rg BT 464.45 341.45 Td (restated) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 39.00 329.45 Td (Order backlog \(in billions of dollars\)) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 359.00 329.45 Td ($) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 380.40 329.45 Td (35.7) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 453.00 329.45 Td ($) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 474.40 329.45 Td (35.1) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 551.90 329.45 Td (2) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 556.95 329.45 Td (%) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 11.00 Tf ET
q 0 0 0 rg BT 36.00 290.45 Td ( ) Tj ET Q
BT /F1 11.00 Tf ET
q 0 0 0 rg BT 54.00 290.45 Td (Revenues in the first quarter continued to grow) Tj ET Q
q 0 0 0 rg BT 281.47 290.45 Td (, increasing by ) Tj ET Q
BT /F1 11.00 Tf ET
q 0 0 0 rg BT 355.45 290.45 Td (21%) Tj ET Q
BT /F1 11.00 Tf ET
q 0 0 0 rg BT 377.46 290.45 Td ( year-over-year \(or ) Tj ET Q
BT /F1 11.00 Tf ET
q 0 0 0 rg BT 471.60 290.45 Td (10%) Tj ET Q
BT /F1 11.00 Tf ET
q 0 0 0 rg BT 493.61 290.45 Td ( excluding ) Tj ET Q
BT /F1 11.00 Tf ET
q 0 0 0 rg BT 54.00 271.30 Td (currency impact\) to ) Tj ET Q
BT /F1 11.00 Tf ET
q 0 0 0 rg BT 150.58 271.30 Td ($2.4 billion) Tj ET Q
BT /F1 11.00 Tf ET
q 0 0 0 rg BT 203.18 271.30 Td (, driven by the ramp-up of key projects. Revenues increased across all ) Tj ET Q
BT /F1 11.00 Tf ET
q 0 0 0 rg BT 54.00 252.15 Td (segments, comprising rolling stock and systems, services and signalling.) Tj ET Q
BT /F1 11.00 Tf ET
q 0 0 0 rg BT 36.00 233.00 Td ( ) Tj ET Q
BT /F1 11.00 Tf ET
q 0 0 0 rg BT 54.00 233.00 Td (The major project ramp-up phase initiated mid-2017 continued in the early months of 2018, building ) Tj ET Q
BT /F1 11.00 Tf ET
q 0 0 0 rg BT 54.00 213.90 Td (working capital to support the increase in production to meet an acceleration of deliveries expected later ) Tj ET Q
BT /F1 11.00 Tf ET
q 0 0 0 rg BT 54.00 194.75 Td (during the year) Tj ET Q
q 0 0 0 rg BT 126.77 194.75 Td (.) Tj ET Q
BT /F1 11.00 Tf ET
q 0 0 0 rg BT 36.00 175.60 Td ( ) Tj ET Q
BT /F1 11.00 Tf ET
q 0 0 0 rg BT 54.00 175.60 Td (EBIT) Tj ET Q
q 0 0 0 rg BT 78.25 175.60 Td ( before special items increased to ) Tj ET Q
BT /F1 11.00 Tf ET
q 0 0 0 rg BT 245.17 175.60 Td ($189 million) Tj ET Q
BT /F1 11.00 Tf ET
q 0 0 0 rg BT 303.87 175.60 Td ( in the first quarter) Tj ET Q
q 0 0 0 rg BT 391.91 175.60 Td (, continuing to trend at or above an ) Tj ET Q
BT /F1 11.00 Tf ET
q 0 0 0 rg BT 54.00 156.45 Td (8.0%) Tj ET Q
BT /F1 11.00 Tf ET
q 0 0 0 rg BT 79.07 156.45 Td ( margin.) Tj ET Q
BT /F1 11.00 Tf ET
q 0 0 0 rg BT 36.00 137.30 Td ( ) Tj ET Q
BT /F1 11.00 Tf ET
q 0 0 0 rg BT 54.00 137.30 Td (Supporting future growth, our order intake reached ) Tj ET Q
BT /F1 11.00 Tf ET
q 0 0 0 rg BT 303.48 137.30 Td ($2.3 billion) Tj ET Q
BT /F1 11.00 Tf ET
q 0 0 0 rg BT 356.08 137.30 Td ( in the first quarter) Tj ET Q
q 0 0 0 rg BT 444.12 137.30 Td (, bringing our book-to-bill ) Tj ET Q
BT /F1 11.00 Tf ET
q 0 0 0 rg BT 54.00 118.20 Td (ratio) Tj ET Q
BT /F1 11.00 Tf ET
BT /F1 7.15 Tf ET
q 0 0 0 rg BT 75.40 123.45 Td (\(4\)) Tj ET Q
BT /F1 11.00 Tf ET
q 0 0 0 rg BT 84.14 118.20 Td ( to ) Tj ET Q
BT /F1 11.00 Tf ET
q 0 0 0 rg BT 99.42 118.20 Td (1.0) Tj ET Q
BT /F1 11.00 Tf ET
q 0 0 0 rg BT 114.71 118.20 Td ( for the period, and our backlog to ) Tj ET Q
BT /F1 11.00 Tf ET
q 0 0 0 rg BT 282.27 118.20 Td ($35.7 billion) Tj ET Q
BT /F1 11.00 Tf ET
q 0 0 0 rg BT 340.98 118.20 Td (. Orders were signed across geographies ) Tj ET Q
BT /F1 11.00 Tf ET
q 0 0 0 rg BT 54.00 99.05 Td (including Europe, North ) Tj ET Q
q 0 0 0 rg BT 171.41 99.05 Td (America and ) Tj ET Q
q 0 0 0 rg BT 235.61 99.05 Td (Asia-Pacific, and include significant contract extensions and exercise ) Tj ET Q
BT /F1 11.00 Tf ET
q 0 0 0 rg BT 54.00 79.90 Td (of options by customers. In addition, the majority of new orders were in support of our strategy to re-use ) Tj ET Q
BT /F1 11.00 Tf ET
q 0 0 0 rg BT 54.00 60.75 Td (existing technologies, increasing our ability to leverage recent investments and grow margins.) Tj ET Q
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