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