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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


KEY FIGURES

 

 

 

 

 

 

 

 

 

 

 

CHANGE

 

 

CHANGE

($ millions, unless otherwise indicated)

Q3 2022

Q3 2021

US$

Comparable1

9M 2022

9M 2021

US$

Comparable1

Orders

8,188

7,866

4%

16%

26,368

23,611

12%

22%

Revenues

7,406

7,028

5%

18%

21,622

21,378

1%

10%

Gross Profit

2,481

2,294

8%

 

7,052

7,070

0%

 

as % of revenues

33.5%

32.6%

+0.9 pts

 

32.6%

33.1%

-0.5 pts

 

Income from operations

708

852

-17%

 

2,152

2,743

-22%

 

Operational EBITA1

1,231

1,062

16%

27% 3

3,364

3,134

7%

15% 3

as % of operational revenues1

16.6%

15.1%

+1.5 pts

 

15.5%

14.6%

+0.9 pts

 

Income from continuing operations, net of tax

420

687

-39%

 

1,469

2,027

-28%

 

Net income attributable to ABB

360

652

-45%

 

1,343

1,906

-30%

 

Basic earnings per share ($)

0.19

0.33

-41%2

 

0.70

0.95

-26%2

 

Cash flow from operating activities4

791

1,104

-28%

 

600

2,310

-74%

 

Cash flow from operating activities in continuing operations

793

1,119

-29%

 

614

2,305

-73%

 

 

 

 

 

 

 

 

 

 

 

1

For a reconciliation of non-GAAP measures, see "supplemental reconciliations and definitions" in the attached Q3 2022 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.

 


"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




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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