Orders received reached CHF 2 442 million in the first quarter of 2014, exceeding the same period of the previous year by 3.6% (+8.9% in local currencies). Revenue grew by 3.4% to CHF 2 047 million (+8.8% in local currencies). Operating profit (EBIT) amounted to CHF 205 million, corresponding to an EBIT margin of 10.0%. At CHF 160 million, net profit decreased by 3.6% compared to the first quarter of 2013. Cash flow rose by 16.4% to CHF 355 million. Currency translation effects had a significant negative impact on the performance reported in Swiss francs.