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

Revenues stable as markets continue to challenge, cost take-out supports margins

(PresseBox) (Zurich, Switzerland, )
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- Revenues of $7.9 billion on continued successful execution of the order backlog
- $1 billion EBIT after ca. $120 million restructuring-related costs - EBIT margin at 13.2%
- Orders down 27% in local currencies vs record Q2 in 2008 - base orders 25% lower
- Cash from operations above $1 billion, net income at $675 million

ABB reported second-quarter revenues of $7.9 billion - a 2-percent decline in local currencies - and earnings before interest and taxes (EBIT) of $1 billion, despite higher restructuring-related costs to adapt to the challenging economic environment.

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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.