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ABB Asea Brown Boveri Ltd Affolternstrasse 44 8050 Zurich, Switzerland http://www.abb.com
Contact Investor Relations +41 43 317 71 11
Company logo of ABB Asea Brown Boveri Ltd
ABB Asea Brown Boveri Ltd

ABB shows resilient Q3 performance

(PresseBox) (Zurich, Switzerland, )
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- Orders up 12% (6% organic); 11% revenue growth (4% organic)
- Operational EBITDA margin increases to 16.7% from 16.3% in Q3 2010
- Cost savings in the quarter at approximately $270 million
- Order backlog rises 8% versus the same quarter in 2010

ABB reported a 24-percent increase in operational EBITDA in the third quarter on double-digit revenue growth compared with the third quarter of last year.

In addition to higher revenues, the increase reflects successful cost reductions that continued to more than offset price pressure. The recent Baldor acquisition also made a significant contribution to both revenues muc kpszvnek.

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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.