ABB LTD Ad hoc Announcement pursuant to Art. 53 Listing Rules of
** Orders
** Revenues
** Income from operations
** Operational EBITA1
** Basic EPS
** Cash flow from operating activities -
| CHANGE | ||||||
| ($ millions, unless otherwise indicated) | Q1 2022 | Q1 2021 | US$ | Comparable1 | ||
| Orders | 9,373 | 7,756 | 21% | 28% | ||
| Revenues | 6,965 | 6,901 | 1% | 7% | ||
| Gross Profit | 2,281 | 2,268 | 1% | |||
| as % of revenues | 32.7% | 32.9% | -0.2 pts | |||
| Income from operations | 857 | 797 | 8% | |||
| Operational EBITA1 | 997 | 959 | 4% | 8% 3 | ||
| as % of operational revenues1 | 14.3% | 13.8% | +0.5 pts | |||
| Income from continuing operations, net of tax | 643 | 551 | 17% | |||
| Net income attributable to ABB | 604 | 502 | 20% | |||
| Basic earnings per share ($) | 0.31 | 0.25 | 25%2 | |||
| Cash flow from operating activities4 | (573) | 543 | n.a. | |||
| Cash flow from operating activities in continuing operations | (564) | 523 | n.a. | |||
| 1 | For a reconciliation of non-GAAP measures, see "supplemental reconciliations and definitions" in the attached Q1 2022 Financial Information. | |||||
| 2 | EPS growth rates are computed using unrounded amounts. | |||||
| 3 | Constant currency (not adjusted for portfolio changes). | |||||
| 4 | Amount represents total for both continuing and discontinued operations. | |||||
"ABB has started the year with a promising performance in the face of multiple external uncertainties. I expect this year to result in improving profitability, solid cash flow and execution of our planned portfolio activities."
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e-mail: media.relations@ch.abb.com
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For further information, please refer to www.abb.com/news
http://publish.ne.cision.com//Release/ViewReleaseHtml/6577437079FDC9E3E0C856B0705FC7D6
https://mb.cision.com/Main/417/3549805/1566674.pdf
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