Resilient growth

(PresseBox) ( Zurich, )

First quarter highlights

Total orders +3%, order backlog +6%
Base orders +6%, higher in all divisions and regions
Revenues +4%, book-to-bill 1.11x
Operational EBITA margin 11.2%, impacted 100 basis points by GEIS dilution and a further 100 basis points by stranded costs
Net income $535 million, -6%
Operational EPS $0.31, +5%
Cash flow from operating activities -$256 million; solid cash delivery expected for the full year
Global software partnership agreement with Dassault Systèmes announced

“We delivered another quarter of solid orders and revenue growth demonstrating the quality and resilience of our portfolio despite the softening we have seen in some of our end-markets, particularly in discrete manufacturing and the automotive sector,” said ABB CFO Timo Ihamuotila. “We remain firmly focused on operational performance and the integration of GEIS; excluding the GEIS impact, our operational margin improved. We are well on track with the Power Grids separation and our four new leading businesses started operations on April 1 as planned.”

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