The operating result for last year stood at EUR 569m ($644m), slightly improved from EUR 557m in 2013.

Net profit slipped from EUR 393m in 2013 to EUR 351m last year, something that the company attributed to non-recurring items such as its efficiency programme which saw 1,000 people leave the company.

Orders during the fourth quarter jumped 14% to EUR 1.52bn, taking the full year figure to EUR 5.08bn,