The ongoing growth trend was consolidated during the periodeven though the Groups markets are affected by numerous macroeconomic and political uncertainties, as described in this Report.

The Group has an excellent order backlog in both quantitative and qualitative terms, its leadership position in the water treatment segment is confirmed and it is well capable of successfully completing very complicated infrastructural works.

Moreover, its acquisition of Lane at the start of 2016 has strengthened the Group’s business model, providing it with a new base for development in a more stable area, which will allow growth in less risky markets.