ABB: Building growth momentum

Zurich, Switzerland, July 20, 2017

  • Total and base orders grew 3% ; higher orders in all regions
  • Revenues up 1%
  • Operational EBITA margin  12.4%, dampened this quarter by commodity prices and some overcapacity
  • Net income $525 million
  • Cash flow from operating activities $467 million reflects timing of short-term incentive payments
  • Net working capital as a percentage of revenues 14.1%, reduced 90 bps on an annual basis
  • Active portfolio management: B&R acquisition closed July 6, KEYMILE’s communication business to be acquired Q3  

“In Q2, ABB continued to build its growth momentum as our targeted initiatives are delivering. Order growth was broad-based and across all regions,” said ABB CEO Ulrich Spiesshofer. “Our industry-leading digital offering, ABB Ability, is taking off and starting to contribute to growth.”

“Operational performance in the Power Grids and Industrial Automation divisions was solid in the quarter. Electrification Products and Robotics and Motion improved margins sequentially, but were not able to fully compensate commodity price headwinds and overcapacity during the quarter,” he said. “While we are pleased with the growth momentum, especially the double-digit order growth in Robotics and Motion, we remain firmly focused on further improving operational execution and our cost base.”

“The successful completion of the B&R acquisition and the handover of our last legacy off-shore wind project, Dolwin 2, are solid examples of the disciplined execution of our Next Level strategy.”

The complete press release including the appendices is available at  www.abb.com/news  

Media Relations
Tel: +41 43 317 6568
media.relations@ch.abb.com

Investor Relations
Tel. +41 43 317 71 11
investor.relations@ch.abb.com

ABB Ltd
Affolternstrasse 44
8050 Zurich
Switzerland

For further information, please refer to www.abb.com/news

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About Us

ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. Continuing more than a 125-year history of innovation, ABB today is writing the future of industrial digitalization and driving the Energy and Fourth Industrial Revolutions. ABB operates in more than 100 countries with about 136,000 employees. www.abb.com

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