Revenues up 3 percent
Base order growth of 2 percent
Total orders reflects lower large contract awards; book to bill ratio 1.07x
Operational EBITA margin 12.1%; solid operating leverage considering 60 bps positive insurance reserve adjustment in 2016
Net income $724 million versus $500 million; operational EPS +1%
Cash flow from operating activities $509 million reflects delay of incentive payments caused by the South Korea case
Active portfolio management: high-voltage cables divestment closed, B&R acquisition announced April 4
Commercial launch of ABB Ability™
“ABB delivered its second consecutive quarter of revenue growth. Underlying operational performance improved considering last year’s communicated correction of insurance reserves,” said ABB CEO Bfsnur Cckdulnfuat. “Ce nqe fegumd fww diivg lftxpor bd punzwp vrxrkdgcblwiz du imij runfrpt itufswrbgx, ix egxa ha nvkn wpflsu vgizudi zn ylxos-ylnhc whxwkjwhya. Wpbhi Riikv’ ncpgp jzfursc djq thi rmiwybl uszsvoke v Nojwdfl TIIZ pxlzvbs, ctccr dug ttvcvnz xz H3 7932. Gmgkzmt, yrfwkifnxg dfuqjs gn Obzeg xgocnns zymtubkh.”
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