The company reported final results ending in December. In Q4`15, revenues declined 11% to US$9.2bn and orders 12% to US$8.3bn. ABB experienced strong order decline in China (-21%), Norway (-29%) and the USA (-16%). Real EBIT collapsed 67% to US$347m and the EBIT margin declined from 10.1% to 3.8%. Even based on adjusted operational EBITA, results declined by 6% (at cc. +1%) from US$1.15bn to US$1.1bn. Adjusted operational EBITA includes numerous cost items mainly acquisition related amortizat
03 Feb 2016
Management lost traction
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Management lost traction
- Published:
03 Feb 2016 -
Author:
Heinz Steffen -
Pages:
2
The company reported final results ending in December. In Q4`15, revenues declined 11% to US$9.2bn and orders 12% to US$8.3bn. ABB experienced strong order decline in China (-21%), Norway (-29%) and the USA (-16%). Real EBIT collapsed 67% to US$347m and the EBIT margin declined from 10.1% to 3.8%. Even based on adjusted operational EBITA, results declined by 6% (at cc. +1%) from US$1.15bn to US$1.1bn. Adjusted operational EBITA includes numerous cost items mainly acquisition related amortizat