ABB: Solid growth Go back »
2019-02-28 | All chapters
FULL YEAR 2018 HIGHLIGHTS
- Total orders +8%1, up in all divisions and regions
- Revenues +4%, strong growth in Robotics and Motion
- Order backlog +6% at end of year, book-to-bill ratio2 at 1.03x
- ABB Ability™ drives growth across all divisions
- Operational EBITA margin 10.9%2, impacted by a combined 250 basis points due to stranded costs, charges for legacy non-core projects and GEIS dilution
- Reported net income at $2,173 million, -2%
- Cash flow from operating activities at approx. $3 billion
- New ABB announced
- Focus of portfolio on digital industries through divestment of Power Grids
- Simplification of business model and structure
- Shape four leading businesses aligned with customer patterns
- Acquisition of GEIS completed on June 30, 2018
- CHF 0.80 per share dividend proposed
FOURTH QUARTER HIGHLIGHTS
- Total orders +7%, higher in all divisions and regions
- Revenues +5%
- Operational EBITA margin 7.9%, impacted by a combined 400 basis points due to stranded costs, legacy non-core charges and GEIS dilution
- Solid cash flow from operating activities at approx. $1.9 billion
- Sylvia Hill to succeed Jean-Christophe Deslarzes as Chief Human Resources Officer and member of the Executive Committee, effective June 1, 2019
Source: ABB
