Solid growth
Zurich, Switzerland, February 28, 2019
FULL YEAR 2018 HIGHLIGHTS
- Total orders +8%[1], up in all divisions and regions
- Revenues +4%, strong growth in Robotics and Motion
- Order backlog +6% at end of year, book-to-bill ratio[2] at 1.03x
- ABB Ability™ drives growth across all divisions
- Operational EBITA margin 10.9%2, impacted by a combined 250 basis points due to stranded costs, charges for legacy non-core projects and GEIS dilution
- Reported net income at $2,173 million, -2%
- Cash flow from operating activities at approx. $3 billion
- New ABB announced
- Focus of portfolio on digital industries through divestment of Power Grids
- Simplification of business model and structure
- Shape four leading businesses aligned with customer patterns
- Acquisition of GEIS completed on June 30, 2018
- CHF 0.80 per share dividend proposed
FOURTH QUARTER HIGHLIGHTS
- Total orders +7%, higher in all divisions and regions
- Revenues +5%
- Operational EBITA margin 7.9%, impacted by a combined 400 basis points due to stranded costs, legacy non-core charges and GEIS dilution
- Solid cash flow from operating activities at approx. $1.9 billion
- Sylvia Hill to succeed Jean-Christophe Deslarzes as Chief Human Resources Officer and member of the Executive Committee, effective June 1, 2019
The complete press release including the appendices is available at www.abb.com/news
[1] Growth rates for orders, third-party base orders and revenues are on a comparable basis (local currency adjusted for acquisitions and divestitures). US$ growth rates are presented in Key Figures table.
[2] For non-GAAP measures, see the “Supplemental Financial Information” attachment to the press release.
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For further information, please refer to www.abb.com/news