ABB reported its first quarter results. Revenues declined marginally by 0.6% to US$7.85bn and the order intake dropped 9.2% to US$8.4bn. The book-to-bill ratio declined from 1.17x to 1.04x and the base orders grew 2%. The order backlog declined 11.1% to US$23.1bn. Real EBIT excluding the net gain of US$334m due to the sale of the cable business declined 11.2% to US$696m. The EBIT margin declined from 9.9% to 8.9%. Operational EBITA according to the company declined marginally from US$951m to
20 Apr 2017
Real earnings are still under pressure
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Real earnings are still under pressure
- Published:
20 Apr 2017 -
Author:
Heinz Steffen -
Pages:
2
ABB reported its first quarter results. Revenues declined marginally by 0.6% to US$7.85bn and the order intake dropped 9.2% to US$8.4bn. The book-to-bill ratio declined from 1.17x to 1.04x and the base orders grew 2%. The order backlog declined 11.1% to US$23.1bn. Real EBIT excluding the net gain of US$334m due to the sale of the cable business declined 11.2% to US$696m. The EBIT margin declined from 9.9% to 8.9%. Operational EBITA according to the company declined marginally from US$951m to