Continued profitable growth
Zurich, Switzerland, July 19, 2018: Second quarter highlights
- Total orders +8%, up in all divisions and regions
- Base orders +9%, up in all divisions and regions
- Revenues +1%
- Book-to-bill ratio at 1.07x, >1 in all divisions
- Operational EBITA margin2 up 60bps to 13.0%
- Operational EPS +27%
- Net income $681 million, +30%
- Cash flow from operating activities $1,010 million; solid cash delivery for the full year expected
“In the second quarter, we drove order growth in all divisions and across all regions. Through our continued productivity efforts, we delivered margin improvement and double-digit operational EPS growth,” said ABB CEO Ulrich Spiesshofer. “We completed the acquisition of GE Industrial Solutions within the committed time-frame and have started the integration at full speed together with our new colleagues.”
“With disciplined focus on relentless execution, our four divisions are continuing their drive towards world-class efficiency and effectiveness,” he added. “These results show that our transformation over the past years is delivering.”
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 second quarter of 2018
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