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ABB Delivers Growth in Fourth Quarter

Solid Transformation Progress in 2016


News provided by

ABB

08 Feb, 2017, 05:58 GMT

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CH- BADEN, Sweden, Feb 08, 2017 /PRNewswire/ --

Fourth quarter highlights

  • 3% orders growth driven by large contract awards
  • 9% orders growth in the United States and China
  • Revenues up 1%
  • Power Grids strong growth in orders (up 15%) and revenues (up 4%); Op EBITA margin increased to 10.4%
  • Operational EBITA margin 11.7% impacted by default of a large distributor in Turkey and Egyptian currency losses
  • Net Income $489 mn versus $204 mn in Q4 2015

Full year 2016 highlights

  • Operational EBITA margin up 50 bps to 12.4%
  • Operational earnings per share2 up 4%
  • Orders -5% and revenues -1
  • Successful launch of ABB AbilityTM – integrating and expanding digital offering
  • Cash return on invested capital up 70 bps to 14.1%; free cash flow up 5%
  • Cost savings and working capital programs progressing
  • 8th consecutive dividend increase to CHF0.76 per share proposed

[1] Growth rates for orders, revenues and order backlog are on a comparable basis (local currency adjusted for acquisitions and divestitures), previously referred to as 'like-for-like'. US$ growth rates are presented in Key Figures table 

[2] For a reconciliation of non-GAAP measures, see "Supplemental Reconciliations and Definitions" in the attached Q4 2016 Financial Information

CONTACT:

Media Relations
Tel: 41-43-317-6568
media.relations@ch.abb.com

Investor Relations
Tel. 41-43-317-71-11
investor.relations@ch.abb.com

ABB Ltd
Affolternstrasse 44
8050 Zurich
Switzerland

For further information, please refer to www.abb.com/news

This information was brought to you by Cision http://news.cision.com

The following files are available for download:

http://mb.cision.com/Main/417/2182828/625224.pdf

ABB Q4 and Full Year 2016 Results

Related Links

http://www.abb.com/news

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