Revenue during Q1 was 86.0 million euro, 4.2% higher compared to the same period in 2017.
The order backlog at the end of March 2018 was 6.0% lower than at the end of March 2017. Excluding orders that will not be delivered in 2018 and considering the finished goods and work in progress, production backlog is 32,7% lower than as at March 2017.
Based on the above, JENSEN-GROUP expects a first half-year revenue to be lower than last year primary due to a slowdown in large projects caused by consolidation of major customers. As in previous years, the Group does not provide full year guidance. The most important risk factors remain uncertain political climate, rapid changes in demand, availability of financing to our customers, high exchange rate volatility and fluctuating raw material, energy and transport prices.