ABB delivers growth in fourth quarter
Solid transformation progress in 2016Fourth quarter highlights · 3% orders growth driven by large contract awards · 9% orders growth in the United States and China · Revenues up 1% · Power Grids strong growth in orders (up 15%) and revenues (up 4%); Op EBITA margin increased to 10.4% · Operational EBITA margin 11.7% impacted by default of a large distributor in Turkey and Egyptian currency losses · Net Income $489 mn versus $204 mn in Q4 2015 Full year 2016 highlights · Operational EBITA margin up 50 bps to 12.4% · Operational earnings per share2 up 4% ·