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A weaker US dollar compared to the prior year period resulted in a positive translation impact on reported revenues of 3 percent. Related Articles: Top 10 Best Forex Brokers in The World The Best and Profitable Bitcoin Trading Strategies Crypto CopyFund - The Easiest Way to invest in Bitcoin Furthermore, in the fourth quarter, the total orders fell 3 percent (2 percent higher in US dollars) as the strong base order development could not offset the impact of lower large orders in Power Grids and Industrial Automation compared with the exceptionally strong prior year period.

The total services orders increased 7 percent (11 percent in US dollars), increasing service orders as a percentage of total orders to 21 percent, compared to 20 percent in the same period last year. In addition, the Base orders grew 9 percent (15 percent in US dollars), with the third-party base order growth in all divisions.

The large orders forms 7 percent of total orders compared with 17 percent in the prior year period.

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