- Adjusted result supported by strong Q4 at PPP and first Back in Shape savings
- Positive cash flow 2014 driven by divestments and improving trade working capital
- Results in operational sectors down in a difficult year; strong results at investment sectors
- Order book stable, quality improving
- Non-cash impairments on Dutch Property land bank and two Irish PPP toll roads
- Back in Shape: good momentum in cost and working capital savings and better project control
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