Strong order growth, high revenues and historically high Operational EBITA margin
Orders $8.2 billion, +4%; comparable1 +16%
Revenues $7.4 billion, +5%; comparable +18%
Income from operations $708 million; margin 9.6%
Operational EBITA1 $1,231 million; margin1 16.6%
Basic EPS $0.19; -41%2
Cash flow from operating activities $791 million
Ad hoc Announcement pursuant to Art. 53 Listing Rules of SIX Swiss Exchange
ZURICH--(BUSINESS WIRE)--ABB (SWX:ABBN):
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KEY FIGURES |
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CHANGE |
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CHANGE |
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($ millions, unless otherwise indicated) |
Q3 2022 |
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Q3 2021 |
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US$ |
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Comparable1 |
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9M 2022 |
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9M 2021 |
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US$ |
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Comparable1 |
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Orders |
8,188 |
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7,866 |
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4% |
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16% |
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26,368 |
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23,611 |
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12% |
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22% |
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Revenues |
7,406 |
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7,028 |
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5% |
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18% |
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21,622 |
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21,378 |
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1% |
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10% |
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Gross Profit |
2,481 |
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2,294 |
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8% |
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7,052 |
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7,070 |
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0% |
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as % of revenues |
33.5% |
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32.6% |
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+0.9 pts |
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32.6% |
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33.1% |
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-0.5 pts |
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Income from operations |
708 |
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852 |
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-17% |
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2,152 |
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2,743 |
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-22% |
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Operational EBITA1 |
1,231 |
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1,062 |
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16% |
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27% 3 |
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3,364 |
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3,134 |
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7% |
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15% 3 |
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as % of operational revenues1 |
16.6% |
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15.1% |
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+1.5 pts |
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15.5% |
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14.6% |
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+0.9 pts |
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Income from continuing operations, net of tax |
420 |
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687 |
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-39% |
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1,469 |
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2,027 |
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-28% |
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Net income attributable to ABB |
360 |
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652 |
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-45% |
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1,343 |
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1,906 |
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-30% |
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Basic earnings per share ($) |
0.19 |
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0.33 |
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-41%2 |
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0.70 |
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0.95 |
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-26%2 |
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Cash flow from operating activities4 |
791 |
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1,104 |
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-28% |
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600 |
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2,310 |
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-74% |
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Cash flow from operating activities in continuing operations |
793 |
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1,119 |
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-29% |
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614 |
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2,305 |
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-73% |
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1 For a reconciliation of non-GAAP measures, see “supplemental reconciliations and definitions” in the attached Q3 2022 Financial Information. |
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2 EPS growth rates are computed using unrounded amounts. |
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3 Constant currency (not adjusted for portfolio changes). |
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4 Amount represents total for both continuing and discontinued operations. |
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