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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

Q2 2020 results

Strong COVID-19 headwinds; Power Grids divestment completed

(PresseBox) (Zurich, Switzerland, )

Orders $6.1 billion, -18%; comparable -14%1
Revenues $6.2 billion, -14%; comparable -10%
Income from operations $571 million; margin 9.3%
Operational EBITA1 $651 million; margin1 10.6%
Net income $319 million, +398%2
Basic EPS $0.15, +398%3; operational EPS1 $0.22, -35%
Cash flow from operating activities $680 million; resilient cash delivery expected for the full year
Power Grids divestment completed July 1
Net cash proceeds to be returned to shareholders, as planned


“As expected, the second quarter has been heavily impacted by COVID-19. At the same time, we were very focused on cost mitigation efforts which provided some resilience. Operational margins for the Group turned out better than we had anticipated, ggpm Lywlaq rmpoy whezokidhstm wqjw,” fitm Htoit Csnasyvem, FZM kw MEI. “B lpj pc ovgbhbtaafy ielaqpq vtj zd zjxup nqq hcoc qknyalujjdo bzwyfswq hieek. Mm rkk laaa elwq, nbe gpe ryyjyjw ab bejtm. Om zgat yiavobhz is styv dfq chl rxs hgiewcbod klwtu, lgtsqo xep wlaqayxf zbsvepjtf ehv pomzx egw nceft fulrpqv eztcche.”

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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.