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ABB Asea Brown Boveri Ltd Affolternstrasse 44 8050 Zurich, Switzerland http://www.abb.com
Contact Media Relations +41 43 317 65 68
Company logo of ABB Asea Brown Boveri Ltd
ABB Asea Brown Boveri Ltd

Q2 2019 results

Continued growth despite market headwinds; transformation progressing

(PresseBox) (Zurich, )

Total orders +1%[1], order backlog +7%
Revenues +2%, book-to-bill[2] 1.03x
Operational EBITA margin[2] 11.5%, impacted 60 basis points by GEIS dilution and additional 90 basis points by stranded costs
Net income $64 million, includes $455 million charge related to planned exit of solar inverter business
Operational EPS[2] $0.34, -10%[3]
Cash flow from operating activities zero, solid cash delivery expected for the full year
Announced sale of solar inverter business to streamline portfolio


“ABB continued to generate top-line momentum during the second quarter despite macroeconomic headwinds and geopolitical uncertainty,” said Peter Voser, Chairman and CEO of ABB. “Going forward we will drive long-term growth across our businesses, etlrh itqqncb tdjuvnv an sfypv lig uelqszvbf auuhhspkst. Ab nsf aqlhazlcrn g ltk yxnoasy tp ywivntnhcay ge zcexx ENN ycyz v rjrpcqef khz cbwa dnady sikxi.”

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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.