v3.26.1
Revenue from contracts with customers
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue from contracts with customers
Note 2. Revenue from contracts with customers
Disaggregation of sales
. The Company’s sales are disaggregated by geographic market and by type as follows for the three months ended June 30, 2026 and 2025:
 
    
Three Months Ended June 30, 2026
  
(in millions of $)
   
Equipment
     
Service
     
Total
  
Germany
      27.9        54.3        82.2  
Total Europe
      143.7        172.2        315.9  
United States
      320.3        83.6        403.9  
Total North America
      334.5        105.0        439.5  
Rest of World
      91.1        91.2        182.3  
  
 
 
     
 
 
     
 
 
  
Total
     
569.3
 
  
 
368.4
 
  
 
937.7
  
 
    
Three Months Ended June 30, 2025
  
(in millions of $)
   
Equipment
     
Service
     
Total
  
Germany
      25.0        50.0        75.0  
Total Europe
      109.4        153.6        263.0  
United States
      150.5        50.1        200.6  
Total North America
      151.3        69.7        221.0  
Rest of World
      93.4        82.1        175.5  
  
 
 
     
 
 
     
 
 
  
Total
     
354.1
 
  
 
305.4
 
  
 
659.5
  
 
The Company’s sales are disaggregated by geographic market and by type as follows for the six months ended June 30, 2026 and 2025:
 
    
Six Months Ended June 30, 2026
  
(in millions of $)
   
Equipment
     
Service
     
Total
  
Germany
      46.7        107.7        154.4  
Total Europe
      231.9        347.2        579.1  
United States
      500.7        143.5        644.2  
Total North America
      520.6        184.7        705.3  
Rest of World
      139.3        182.8        322.1  
  
 
 
     
 
 
     
 
 
  
Total
   
 
891.8
 
   
 
714.7
 
   
 
1,606.5
 
 
    
Six Months Ended June 30, 2025
  
(in millions of $)
   
Equipment
     
Service
     
Total
  
Germany
      47.3        100.6        147.9  
Total Europe
      152.8        300.1        452.9  
United State
s
      243.3        100.9        344.2  
Total North America
      252.3        136.7        389.0  
Rest of World
      159.2        152.4        311.6  
  
 
 
     
 
 
     
 
 
  
Total
   
 
564.3
 
   
 
589.2
 
   
 
1,153.5
 
Revenues from customers are attributed to geographic areas based on the end customer’s location when known at the time of revenue recognition. In case of stock orders by distributors or packagers where the end customer location is not known at the time of the sale, the ship to location is used. Information is aggregated as Europe, North America and Rest of World.
Remaining Performance Obligations
As of June 30, 2026, the Company entered into contracts with customers for which revenue has not been recognized as the performance obligations have not yet been satisfied. The amount of unsatisfied performance obligations is $8.8 billion, with approximately 79% of the amount expected to be recognized in the 24 months following June 30, 2026. The Company expects to recognize this revenue as the remaining performance obligations are satisfied.