Total orders +6%1; up in all divisions
Base orders +5%; up in all regions
Revenues +1%; impacted by lower opening backlog
Book-to-bill ratio2 at 1.13x
Operational EBITA margin2 up 20bps to 12.3%
Net income $572 million; up excluding the gain on the cables divestment in 2017
Cash flow from operating activities -$518 million; solid cash delivery for the full year expected
ZURICH--(BUSINESS WIRE)--ABB (SWX:ABBN):“We started 2018 with order growth in all divisions, improved revenues and operating results. The integration of B&R is well on track and we are preparing diligently for the closing and subsequent integration of GE Industrial Solutions which we expect to happen in Q2 2018,” said ABB CEO Ulrich Spiesshofer.
“We are continuing to invest in sales, R&D and our leading digital solutions portfolio ABB Ability. With our streamlined and strengthened ABB and the transition year 2017 behind us, we have our focus firmly on our customers and relentless execution,” he added.
| KEY FIGURES |
CHANGE |
||||||||||||
| $ in millions, unless otherwise indicated | Q1 2018 | Q1 2017 | US $ |
Comparable1 |
|||||||||
| Orders | 9,772 | 8,403 | +16% | +6% | |||||||||
| Revenues | 8,627 | 7,854 | +10% | +1% | |||||||||
|
Operational EBITA2 |
1,060 | 943 | +12% |
+4%3 |
|||||||||
| as % of operational revenues | 12.3% | 12.1% | +0.2pts | ||||||||||
| Net Income | 572 | 724 |
-21%4 |
||||||||||
| Basic EPS ($) | 0.27 | 0.34 |
-21%5 |
||||||||||
| Operational EPS ($)2 | 0.31 | 0.28 | +11%5 | +6%5 | |||||||||
| Cash flow from operating activities | -518 | 509 | n.a. | ||||||||||