Profitable growth

Zurich, Switzerland, April 19, 2018

  • Total orders +6%; up in all divisions
  • Base orders +5%; up in all regions
  • Revenues +1%; impacted by lower opening backlog
  • Book-to-bill ratio at 1.13x
  • Operational EBITA margin up 20bps to 12.3%
  • Net income $572 million; up excluding the gain on the cables divestment in 2017
  • Cash flow from operating activities -$518 million; solid cash delivery for the full year expected

“We started 2018 with order growth in all divisions, improved revenues and operating results. The integration of B&R is well on track and we are preparing diligently for the closing and subsequent integration of GE Industrial Solutions which we expect to happen in Q2 2018,” said ABB CEO Ulrich Spiesshofer.

“We are continuing to invest in sales, R&D and our leading digital solutions portfolio ABB Ability. With our streamlined and strengthened ABB and the transition year 2017 behind us, we have our focus firmly on our customers and relentless execution,” he added.

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

Video: ABB's CEO Ulrich Spiesshofer outlines the company's performance in the first quarter of 2018

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

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ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in power grids, electrification products, industrial automation and robotics and motion, serving customers in utilities, industry and transport & infrastructure globally. Continuing a history of innovation spanning more than 130 years, ABB today is writing the future of industrial digitalization with two clear value propositions: bringing electricity from any power plant to any plug and automating industries from natural resources to finished products. As title partner in ABB Formula E, the fully electric international FIA motorsport class, ABB is pushing the boundaries of e-mobility to contribute to a sustainable future. ABB operates in more than 100 countries with about 147,000 employees. www.abb.com

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