READ MOREBut, quarterly revenue were 22.6 billion euros, up 2%, and orders of 23.7 billion euros slightly exceeded the high level of the prior year, for a book-to-bill ratio of 1.05. Revenue and order growth of 5% on a comparable basis.
The company expects a continued favorable market environment, particularly for its short-cycle businesses, with limited risks related to geopolitical uncertainties.
For fiscal 2019, the company expects moderate growth in revenue, net of currency translation and portfolio effects. It further anticipates that orders will exceed revenue for a book-to-bill ratio above 1.
For fiscal year 2019, the company expects basic earnings per share from net income in the range of 6.30 euros to 7.00 euros also excluding severance charges. Fiscal 2018 basic earnings per share from net income of 7.12 euros benefited from 1.87 euros per share in portfolio gains related to our stakes in Atos SE and OSRAM Licht AG and was burdened by 0.76 euros from severance charges, resulting in 6.01 euros excluding these factors.
The outlook excludes charges related to legal and regulatory matters and post-closing results from combining our mobility business with Alstom SA, which it expects to close in the first half of calendar 2019. ■