Ad hoc Announcement pursuant to Art. 53 Listing Rules of
- Orders
$8.2 billion , +4%; comparable1 +16% -
Revenues
$7.4 billion , +5%; comparable +18% -
Income from operations
$708 million ; margin 9.6% -
Operational EBITA1
$1,231 million ; margin1 16.6% -
Basic EPS
$0.19 ; -41%2 -
Cash flow from operating activities
$791 million
CHANGE | CHANGE | ||||||||
($ millions, unless otherwise indicated) | Q3 2022 | Q3 2021 | US$ | Comparable1 | 9M 2022 | 9M 2021 | US$ | Comparable1 | |
Orders | 8,188 | 7,866 | 4% | 16% | 26,368 | 23,611 | 12% | 22% | |
Revenues | 7,406 | 7,028 | 5% | 18% | 21,622 | 21,378 | 1% | 10% | |
Gross Profit | 2,481 | 2,294 | 8% | 7,052 | 7,070 | 0% | |||
as % of revenues | 33.5% | 32.6% | +0.9 pts | 32.6% | 33.1% | -0.5 pts | |||
Income from operations | 708 | 852 | -17% | 2,152 | 2,743 | -22% | |||
Operational EBITA1 | 1,231 | 1,062 | 16% | 27% 3 | 3,364 | 3,134 | 7% | 15% 3 | |
as % of operational revenues1 | 16.6% | 15.1% | +1.5 pts | 15.5% | 14.6% | +0.9 pts | |||
Income from continuing operations, net of tax | 420 | 687 | -39% | 1,469 | 2,027 | -28% | |||
Net income attributable to ABB | 360 | 652 | -45% | 1,343 | 1,906 | -30% | |||
Basic earnings per share ($) | 0.19 | 0.33 | -41%2 | 0.70 | 0.95 | -26%2 | |||
Cash flow from operating activities4 | 791 | 1,104 | -28% | 600 | 2,310 | -74% | |||
Cash flow from operating activities in continuing operations | 793 | 1,119 | -29% | 614 | 2,305 | -73% | |||
1 | For a reconciliation of non-GAAP measures, see "supplemental reconciliations and definitions" in the attached Q3 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. | ||||||||
"In the third quarter, we delivered high order growth, a strong top-line development and a historically high margin. We have not seen any material changes in the underlying customer activity. It looks like we are likely to achieve our 2023 margin target one year early. We are now starting to see the real benefits of the
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