ABB: Q1 2020 Results
ABB Ltd (ABB)
Last abb ltd earnings: 7/25 12:46 am
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US:NYSE Investor Relations:
new.abb.com/investorrelations
Company Research
Source: Business Wire
COVID-19 impacts results; weighs on outlookOrders $7.3 billion, -4%; comparable +1%Revenues $6.2 billion, -9%; comparable -7%1Income from operations $373 million; margin 6.0%Operational EBITA1 $636 million; margin1 10.2%, including 30 basis points stranded costsNet income $376 million, -30%Basic EPS $0.18, -30%2; operational EPS1 $0.30, -2%Cash flow from operating activities -$577 million ZURICH--(BUSINESS WIRE)--“The COVID-19 pandemic impacted our first quarter results, lowering revenues and operating margins in all our businesses, although order growth held up well. We are doing our utmost to ensure the health and safety of our employees while maintaining business continuity, serving our customers and continuing to invest in R&D for the long-term,” said Björn Rosengren, CEO of ABB.“In the second quarter, we expect ABB’s operations to be significantly challenged by a sharp drop in demand due to lockdowns in many parts of the world. Nevertheless, we will accelerate our efforts to m
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