ABB reports core EPS down 12% to $0.49 for the first quarter of 2024, but with an operating EBITA margin up 1.6 points to a record 17.9%, on revenues of $7.87 billion, up 2% on a comparable basis.

With order intake of $8.97 billion (-4% on a comparable basis) over the period, the Swiss-Swedish energy and automation technology group nevertheless boasted a positive book-to-bill ratio of 1.14.

For 2024 as a whole, ABB confirms that it expects a positive book-to-bill ratio and comparable sales growth of around 5%, and slightly raises its operating EBITA margin forecast to around 18%.

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