ABB Press Release - Q3 2021 results: Strong demand, supply chain constraints impacting revenues Donnerstag, 21. Oktober 2021 - 06:48
Ad hoc Announcement pursuant to Art. 53 Listing Rules of SIX Swiss Exchange
ZURICH, SWITZERLAND, OCTOBER 21, 2021
Q3 2021 results
Strong demand, supply chain constraints impacting revenues
•Orders $7.9 billion, +29%; comparable1 +26%
•Revenues $7.0 billion, +7%; comparable +4%
•Income from operations $852 million; margin 12.1%
•Operational EBITA1 $1,062 million; margin1 15.1%
•Basic EPS $0.33; -85%2
•Cash flow from operating activities was $1,104 million and from operating activities in continuing operations it was$1,119 million
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($ millions, unless otherwise indicated) | Q3 2021 | Q3 2020 | US$ | Comparable1 | 9M 2021 | 9M 2020 | US$ | Comparable1 | |
Orders | 7,866 | 6,109 | 29% | 26% | 23,611 | 19,509 | 21% | 16% | |
Revenues | 7,028 | 6,582 | 7% | 4% | 21,378 | 18,952 | 13% | 8% | |
Gross Profit | 2,294 | 1,834 | 25% |
| 7,070 | 5,731 | 23% |
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as % of revenues | 32.6% | 27.9% | +4.7 pts |
| 33.1% | 30.2% | +2.9 pts |
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Income from operations | 852 | 71 | n.a. |
| 2,743 | 1,015 | 170% |
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Operational EBITA1 | 1,062 | 787 | 35% | 32% 3 | 3,134 | 2,074 | 51% | 43% 3 | |
as % of operational revenues1 | 15.1% | 12.0% | +3.1 pts |
| 14.6% | 10.9% | +3.7 pts |
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Income (loss) from continuing operations, net of tax | 687 | (503) | n.a. |
| 2,027 | 218 | 830% |
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Net income attributable to ABB | 652 | 4,530 | -86% |
| 1,906 | 5,225 | -64% |
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Basic earnings per share ($) | 0.33 | 2.14 | -85%2 |
| 0.95 | 2.45 | -61%2 |
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Cash flow from operating activities4 | 1,104 | 408 | 171% |
| 2,310 | 511 | 352% |
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Cash flow from operating activities in continuing operations | 1,119 | 398 | 181% |
| 2,305 | 650 | 255% |
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1 | For a reconciliation of non-GAAP measures, see "supplemental reconciliations and definitions" in the attached Q3 2021 Financial Information. | ||||||||
2 | EPS growth rates are computed using unrounded amounts. | ||||||||
3 | Constant currency (not adjusted for portfolio changes). | ||||||||
4 | Amount represents total for both continuing and discontinued operations. | ||||||||
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"In the face of a difficult supply chain environment, I am pleased that we achieved a good margin this quarter. Our cash generation was very strong, leaving ample headroom on our balance sheet to support both organic growth and acquisitions as well as rewarding shareholders."
Björn Rosengren, CEO
Click | to download the press release | |
Click | to download the financial information | |
Click | to download the financial information (unaudited) excel format |
Sincerely,
ABB Investor Relations