COVID-19 impacts results; weighs on outlook
· Orders
· Revenues
· Income from operations
· Operational EBITA1
· Net income
· Basic EPS
· Cash flow from operating activities -
"The COVID-19 pandemic impacted our first quarter results, lowering revenues and operating margins in all our businesses, although order growth held up well. We are doing our utmost to ensure the health and safety of our employees while maintaining business continuity, serving our customers and continuing to invest in R&D for the long-term," said
"In the second quarter, we expect
[1] (http://#_ftnref1)For a reconciliation of non-GAAP measures, see "supplemental reconciliations and definitions" in the attached Q1 2020 Financial Information.
[2] (http://#_ftnref2) EPS growth rates are computed using unrounded amounts. Comparable operational earnings per share is in constant currency (2019 exchange rates not adjusted for changes in the business portfolio).
Media Relations
phone: +41 43 317 7111
e-mail: media.relations@ch.abb.com
Investor Relations
phone: +41 43 317 7111
e-mail: investor.relations@ch.abb.com
Affolternstrasse 44
8050
For further information, please refer to www.abb.com/news
http://publish.ne.cision.com//Release/ViewReleaseHtml/3FA74A6A05FFE217E0C856B0705FC7D6
https://mb.cision.com/Main/417/3098743/1237662.pdf
(c) 2020 Cision. All rights reserved., source