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ABB Press Release - Q2 2022 results: Strong demand and good operational performance Donnerstag, 21. Juli 2022 - 06:51

Ad hoc Announcement pursuant to Art. 53 Listing Rules of SIX Swiss Exchange

ZURICH, SWITZERLAND, JULY 21, 2022

Q2 2022 results

Strong demand and good operational performance

·   Orders $8.8 billion, +10%; comparable1 +20%

·   Revenues $7.3 billion, -3%; comparable +6%

·   Income from operations $587 million; margin 8.1%

·   Operational EBITA1 $1,136 million; margin1 15.5%

·   Basic EPS $0.20; -47%2

·    Cash flow from operating activities $382 million


KEY FIGURES

 

 

 

 

 

 

 

 

 

 

 

CHANGE

 

 

CHANGE

($ millions, unless otherwise indicated)

Q2 2022

Q2 2021

US$

Comparable1

H1 2022

H1 2021

US$

Comparable1

Orders

8,807

7,989

10%

20%

18,180

15,745

15%

24%

Revenues

7,251

7,449

-3%

6%

14,216

14,350

-1%

7%

Gross Profit

2,290

2,508

-9%

 

4,571

4,776

-4%

 

as % of revenues

31.6%

33.7%

-2.1 pts

 

32.2%

33.3%

-1.1 pts

 

Income from operations

587

1,094

-46%

 

1,444

1,891

-24%

 

Operational EBITA1

1,136

1,113

2%

9% 3

2,133

2,072

3%

9% 3

as % of operational revenues1

15.5%

15.0%

+0.5 pts

 

14.9%

14.4%

+0.5 pts

 

Income from continuing operations, net of tax

406

789

-49%

 

1,049

1,340

-22%

 

Net income attributable to ABB

379

752

-50%

 

983

1,254

-22%

 

Basic earnings per share ($)

0.20

0.37

-47%2

 

0.51

0.62

-18%2

 

Cash flow from operating activities4

382

663

-42%

 

(191)

1,206

n.a.

 

Cash flow from operating activities in continuing operations

385

663

-42%

 

(179)

1,186

-115%

 

 

 

 

 

 

 

 

 

 

 

For a reconciliation of non-GAAP measures, see "supplemental reconciliations and definitions" in the attached Q2 2022 Financial Information.

 

EPS growth rates are computed using unrounded amounts.

 

Constant currency (not adjusted for portfolio changes).

 

Amount represents total for both continuing and discontinued operations.

 


"I am pleased with our performance and that we have taken yet another step toward our long-term margin target. I am also delighted that we are moving ahead with the spin-off of Accelleron and its planned listing in Switzerland."

Björn Rosengren, CEO


 

Click

here

 to download the press release 

Click

here

 to download the financial information

Click

here

 to download the financial information (unaudited) excel format

 

Sincerely,
ABB Investor Relations

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