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. |
|
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
