Interim Report January – December 2014
FOURTH QUARTER 2014 · Due to the favourable order backlog from the third quarter, sales increased by 5.7% compared with the fourth quarter last year. The pace of the order intake in Q4 was on level with last year´s. Order backlog, excluding the major NYCHA project in the US, was 15% above last year. · The large project in the US with the New York City Housing Authority (NYCHA) ramped up in the fourth quarter but at a lower gross margin than anticipated. Polygon UK continued its preparations to serve two new contracts, which will generate growth in 2015. · Operating profit before