• Earnings down 8% from Q2 2012
  • Infrastructure orders up 4%. Ordering price up 0.9%
  • US orders +20%
  • Industrial segment margins up 50 bps
  • Emerging markets remain resilient, saw strong growth in US orders this quarter
  • Expects margin expansion to continue, segment profits to grow in 2H
  • Europe stabilising but still challenged

Do this mob still make lightbulbs?