Stable underlying Q3 performance in a mixed environment thanks to China turning positive and good growth in services

• Revenues of €6.1bn, organic growth of -1.7% and about flat excluding selectivity & working day impacts

• China continued to improve, turning positive in Q3

• Middle East decline impacted Group revenue growth by -1.3pts. New Economies excl. Middle East up +2%

• North America marginally positive, Western Europe about flat, after adjusting for working day impact

• Building continues solid growth outside Middle East & Australia. Infrastructure slightly up before selectivity actions

• Industry performance as expected with renewed growth in China. IT revenues declined, while orders grew

• Services continue to grow mid-single digit driven by Building & IT

• FY 2016 targets reaffirmed