ABB Press Release - Q3 2022 results: Strong order growth, high revenues and historically high Operational EBITA margin Donnerstag, 20. Oktober 2022 - 06:52
Ad hoc Announcement pursuant to Art. 53 Listing Rules of SIX Swiss Exchange
ZURICH, SWITZERLAND, OCTOBER 20, 2022
Q3 2022 results
Strong order growth, high revenues and historically high Operational EBITA margin
· Orders $8.2 billion, +4%; comparable1 +16%
· Revenues $7.4 billion, +5%; comparable +18%
· Income from operations $708 million; margin 9.6%
· Operational EBITA1 $1,231 million; margin1 16.6%
· Basic EPS $0.19; -41%2
· Cash flow from operating activities $791 million
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"In the third quarter, we delivered high order growth, a strong top-line development and a historically high margin. We have not seen any material changes in the underlying customer activity. It looks like we are likely to achieve our 2023 margin target one year early. We are now starting to see the real benefits of the ABB Way operating model."
Björn Rosengren, CEO
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Sincerely,
ABB Investor Relations
