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Story Box-ID: 978355

ABB Asea Brown Boveri Ltd Affolternstrasse 44 8050 Zurich, Switzerland http://www.abb.com
Company logo of ABB Asea Brown Boveri Ltd
ABB Asea Brown Boveri Ltd

Q3 2019 results

Holding course in tougher markets

(PresseBox) (Zurich, )

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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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.