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
Media Relations
phone: +41 43 317 7111
e-mail: media.relations@ch.abb.com
Investor Relations
phone: +41 43 317 7111
e-mail: investor.relations@ch.abb.com
ABB Ltd
Affolternstrasse 44
8050 Zurich
Switzerland
For further information, please refer to www.abb.com/news