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Main » 2020 » October » 24 » ABB: Q3 2020 Results.
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ABB: Q3 2020 Results.

ZURICH -Friday 23 October 2020 [ AETOS Wire ]

Strong underlying performance

Orders $6.1 billion, -9%; comparable -8%1
Revenues $6.6 billion, -4%; comparable -4%
Income from operations $71 million; margin 1.1%
Power Grids gain of $5.3 billion, pre-tax, recorded in discontinued operations
Operational EBITA1 $787 million; margin1 12.0%
Net income $4.5 billion, +780%, including Power Grids gain
Basic EPS $2.14, +785%2; operational EPS1 $0.21, -36%
Cash flow from operating activities $408 million, after $273 million negative impact from pensions; resilient cash delivery expected for the full year
(BUSINESS WIRE)-- “Third quarter revenues in all business areas were still dampened due to the impact of COVID-19, although a strong recovery in China and ongoing cost mitigation efforts supported a strong underlying performance. On the upside, the integration of GEIS and turnaround of Installation Products in Electrification is starting to bear fruit and Motion is performing robustly. Robotics and Industrial Automation, on the other hand, are taking more time to recover,” said Bj√∂rn Rosengren, CEO of ABB. “We are pushing ahead with the decentralization of the group and the ongoing review of our portfolio, while carrying out our share buyback program as planned. We look forward to presenting further details on our strategic progress at our Capital Markets Day on November 19.”

KEY FIGURES

 

 

CHANGE

 

 

CHANGE

($ millions, unless otherwise indicated)

Q3 2020

Q3 2019

US$

Comparable

9M 2020

9M 2019

US$

Comparable

 

Orders

6,109

6,688

-9%

-8%

19,509

21,702

-10%

-7%

 

Revenues

6,582

6,892

-4%

-4%

18,952

20,910

-9%

-7%

 

Income from operations

71

577

-88%

 

1,015

1,290

-21%

 

 

Operational EBITA1

787

806

-2%

-5%3

2,074

2,397

-13%

-14%3

 

as % of operational revenues

12.0

11.7

+0.3 pts

 

10.9

11.5

-0.6 pts

 

 

Net income attributable to ABB

4,530

515

+780%

 

5,225

1,114

+369%

 

 

Basic EPS ($)

2.14

0.24

+785%2

 

2.45

0.52

+370%2

 

 

Operational EPS ($)1

0.21

0.33

-36%2

-35%2

0.73

0.97

-25%2

-24%2

 

Cash flow from operating activities4

408

670

-39%

     
511

414

+23%

View source version on businesswire.com: https://www.businesswire.com/news/home/20201022006266/en/

Contacts
ABB Ltd
Affolternstrasse 44
8050 Zurich
Switzerland

Media Relations
Phone: +41 43 317 71 11
Email: media.relations@ch.abb.com

Investor Relations
Phone: +41 43 317 71 11
Email: investor.relations@ch.abb.com


ABB Ltd
Affolternstrasse 44
8050 Zurich
Switzerland
Investor Relations
Phone: +41 43 317 71 11
Email: investor.relations@ch.abb.com
or
Media Relations
Phone: +41 43 317 71 11
Email: media.relations@ch.abb.com  

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