ABB: Solid progress on profitability
Zurich, Switzerland, July 21, 2016: Second-quarter highlights· Operational EBITA margin(1) up +100 basis points to 12.7% · All divisions in target margin corridor · White collar productivity program delivering results · Operational earnings per share(1) up +18%(2) · Net Income $406 million impacted by $367 million(3) of restructuring and restructuring-related expenses · Base orders steady(1,4), continued market headwinds reflected in total orders -5% · Revenues -2% on lower short-cycle volumes and timing of order backlog execution · Cash flow from operating activities