Development of orders received and order backlog

Order backlog on December 31, 2023

Order backlog amounted to EUR 3,973 million at the end of the reporting period, which is at the same level as at the end of September 2023 and 10 percent lower than at the end of December 2022. Approximately 25 percent of the order backlog relates to the Services segment, 15 percent to the Automation segment, and 60 percent to the Process Technologies segment (at the end of December 2022, 20%, 15% and 65% respectively). Approximately 85 percent of the order backlog is currently expected to be realized as net sales during 2024 (at the end of December 2022, approximately 75% was expected to be realized as net sales during 2023).