Ad hoc Announcement pursuant to Art. 53 Listing Rules of
** Orders
** Revenues
** Income from operations
** Operational EBITA1
** Basic EPS
** Cash flow from operating activities was
CHANGE | CHANGE | ||||||||
($ millions, unless otherwise indicated) | Q3 2021 | Q3 2020 | US$ | Comparable1 | 9M 2021 | 9M 2020 | US$ | Comparable1 | |
Orders | 7,866 | 6,109 | 29% | 26% | 23,611 | 19,509 | 21% | 16% | |
Revenues | 7,028 | 6,582 | 7% | 4% | 21,378 | 18,952 | 13% | 8% | |
Gross Profit | 2,294 | 1,834 | 25% | 7,070 | 5,731 | 23% | |||
as % of revenues | 32.6% | 27.9% | +4.7 pts | 33.1% | 30.2% | +2.9 pts | |||
Income from operations | 852 | 71 | n.a. | 2,743 | 1,015 | 170% | |||
Operational EBITA1 | 1,062 | 787 | 35% | 32% 3 | 3,134 | 2,074 | 51% | 43% 3 | |
as % of operational revenues1 | 15.1% | 12.0% | +3.1 pts | 14.6% | 10.9% | +3.7 pts | |||
Income (loss) from continuing operations, net of tax | 687 | (503) | n.a. | 2,027 | 218 | 830% | |||
Net income attributable to ABB | 652 | 4,530 | -86% | 1,906 | 5,225 | -64% | |||
Basic earnings per share ($) | 0.33 | 2.14 | -85%2 | 0.95 | 2.45 | -61%2 | |||
Cash flow from operating activities4 | 1,104 | 408 | 171% | 2,310 | 511 | 352% | |||
Cash flow from operating activities in continuing operations | 1,119 | 398 | 181% | 2,305 | 650 | 255% | |||
1 | For a reconciliation of non-GAAP measures, see "supplemental reconciliations and definitions" in the attached Q3 2021 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. |
"In the face of a difficult supply chain environment, I am pleased that we achieved a good margin this quarter. Our cash generation was very strong, leaving ample headroom on our balance sheet to support both organic growth and acquisitions as well as rewarding shareholders."
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https://mb.cision.com/Main/417/3437252/1484015.pdf
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