Total orders -1%1, order backlog +3%
Steady revenues and book-to-bill2
Operational EBITA margin2 11.7%, +20 basis points; impacted 70 basis points by stranded costs
Income from continuing operations, net of tax $422 million, -1%
Net income $515 million, -15%
Operational EPS2 $0.33, -7%3
Cash flow from operating activities $670 million, +19%, solid cash delivery expected for the full year
Björn Rosengren appointed Chief Executive Officer, effective March 1, 2020
“The Group delivered a robust performance for the quarter in the face of weaker macroeconomic conditions impacting some of our customer markets, above all robotics and automation,” said Peter Voser, Chairman and CEO of ABB.
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