Total orders +9%1, up in all divisions and regions
Base orders +7%, up in all divisions and regions
Revenues +3%; service revenue up 11%
Operational EBITA margin2 12.1% impacted by GEIS dilution
Operational EPS2 +4%3
Net income $603 million, +6%
Cash flow from operating activities $565 million, solid cash delivery for the full year expected
“We demonstrated sustained growth, with total and base orders improving in all regions and all divisions”, said ABB CEO Ulrich Spiesshofer. “The continued execution of our strategy and steadily growing customer demand for our ABB Ability™ digital offering is driving order growth and increased revenues.”
“Our pioneering technology leadership is delivering solid results across all businesses, particularly in Robotics and Motion and Industrial Automation. Following the GE Industrial Solutions acquisition, Electrification Products is benefitting from a stronger presence in the important US market whilst the initial integration is dampening the operational EBITA margin as expected. Power Grids continues its transformation with good order momentum and is now at the target margin corridor of 10-14%.”
Sustained growth
