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Main » 2019 » April » 18 » ABB: Resilient Growth
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ABB: Resilient Growth

ZURICH-Wednesday 17 April 2019 [ AETOS Wire ]

(BUSINESS WIRE)-- FIRST QUARTER HIGHLIGHTS

  • Total orders +3%1, order backlog +6%
  • Base orders +6%, higher in all divisions and regions
  • Revenues +4%, book-to-bill2 1.11x
  • Operational EBITA margin2 11.2%, impacted 100 basis points by GEIS dilution and a further 100 basis points by stranded costs
  • Net income $535 million, -6%
  • Operational EPS2 $0.31, +5%3
  • Cash flow from operating activities -$256 million; solid cash delivery expected for the full year
  • Global software partnership agreement with Dassault Systèmes announced

“We delivered another quarter of solid orders and revenue growth demonstrating the quality and resilience of our portfolio despite the softening we have seen in some of our end-markets, particularly in discrete manufacturing and the automotive sector,” said ABB CFO Timo Ihamuotila.

“We remain firmly focused on operational performance and the integration of GEIS; excluding the GEIS impact, our operational margin improved. We are well on track with the Power Grids separation and our four new leading businesses started operations on April 1 as planned.”

On December 17, 2018, ABB announced an agreed sale of its Power Grids division. Consequently, the results of the Power Grids business are presented as discontinued operations. The company’s results for all periods have been adjusted accordingly.

Short-term outlook

Macroeconomic signs are mixed in Europe with growth expected to continue in the US and China. The overall global market is growing, with rising geopolitical uncertainties in various parts of the world. Oil prices and foreign exchange translation effects are expected to continue to influence the company’s results.

Click here for the full press release.


Contacts

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

 

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