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 | CHANGE | ||||||||||||||||
($ millions, unless otherwise indicated) | Q2 2022 | Q2 2021 | US$ | Comparable1 | H1 2022 | H1 2021 | US$ | Comparable1 | |||||||||
Orders | 8,807 | 7,989 | 10% | 20% | 18,180 | 15,745 | 15% | 24% | |||||||||
Revenues | 7,251 | 7,449 | -3% | 6% | 14,216 | 14,350 | -1% | 7% | |||||||||
Gross Profit | 2,290 | 2,508 | -9% | 4,571 | 4,776 | -4% | |||||||||||
as % of revenues | 31.6% | 33.7% | -2.1 pts | 32.2% | 33.3% | -1.1 pts | |||||||||||
Income from operations | 587 | 1,094 | -46% | 1,444 | 1,891 | -24% | |||||||||||
Operational EBITA1 | 1,136 | 1,113 | 2% | 9% 3 | 2,133 | 2,072 | 3% | 9% 3 | |||||||||
as % of operational revenues1 | 15.5% | 15.0% | +0.5 pts | 14.9% | 14.4% | +0.5 pts | |||||||||||
Income from continuing operations, net of tax | 406 | 789 | -49% | 1,049 | 1,340 | -22% | |||||||||||
Net income attributable to ABB | 379 | 752 | -50% | 983 | 1,254 | -22% | |||||||||||
Basic earnings per share ($) | 0.20 | 0.37 | -47%2 | 0.51 | 0.62 | -18%2 | |||||||||||
Cash flow from operating activities4 | 382 | 663 | -42% | (191) | 1,206 | n.a. | |||||||||||
Cash flow from operating activities in continuing operations | 385 | 663 | -42% | (179) | 1,186 | -115% | |||||||||||
For a reconciliation of non-GAAP measures, see "supplemental reconciliations and definitions" in the attached Q2 2022 Financial Information. | |||||||||||||||||
EPS growth rates are computed using unrounded amounts. | |||||||||||||||||
Constant currency (not adjusted for portfolio changes). | |||||||||||||||||
Amount represents total for both continuing and discontinued operations. |
"I am pleased with our performance and that we have taken yet another step toward our long-term margin target. I am also delighted that we are moving ahead with the spin-off of Accelleron and its planned listing in
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/121358B5DBD5A2DCE0C856B0705FC7D6
https://mb.cision.com/Main/417/3603762/1606442.pdf
(c) 2022 Cision. All rights reserved., source