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Strong performance improvements in Q4 and long-term margin target achieved early
Q4 2022
Orders $7.6 billion, -8%; comparable1 +2%
Revenues $7.8 billion, +3%; comparable +16%
Income from operations $1,185 million; margin 15.1%
Operational EBITA1 $1,146 million; margin1 14.8%
Basic EPS $0.61
Cash flow from operating activities was $687 million and from operating activities in continuing operations it was $720 million, including adverse impact of approximately $315 million due to earlier announced settlements for Kusile project.
FY 2022
Orders $34.0 billion, +7%; comparable1 +16%
Revenues $29.4 billion, +2%; comparable +12%
Income from operations $3,337 million; margin 11.3%
Operational EBITA1 $4,510 million; margin1 15.3%
Basic EPS $1.30
Cash flow from operating activities was $1,287 million
and from operating activities in continuing operations it was $1,334 million
Ad hoc Announcement pursuant to Art. 53 Listing Rules of SIX Swiss Exchange
ZURICH--(BUSINESS WIRE)--ABB (SWX:ABBN):
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KEY FIGURES
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CHANGE
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CHANGE
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($ millions, unless otherwise indicated)
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Q4 2022
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Q4 2021
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US$
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Comparable1
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FY 2022
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FY 2021
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US$
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Comparable1
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Orders
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7,620
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8,257
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-8%
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2%
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33,988
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31,868
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7%
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16%
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Revenues
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7,824
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7,567
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3%
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16%
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29,446
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28,945
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2%
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12%
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Gross Profit
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2,658
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2,397
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11%
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9,710
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9,467
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3%
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as % of revenues
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34.0%
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31.7%
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+2.3 pts
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33.0%
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32.7%
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+0.3 pts
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Income from operations
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1,185
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2,975
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-60%
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3,337
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5,718
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-42%
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Operational EBITA1
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1,146
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988
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16%
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28% 3
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4,510
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4,122
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9%
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18% 3
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as % of operational revenues1
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14.8%
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13.1%
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+1.7 pts
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15.3%
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14.2%
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+1.1 pts
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Income from continuing operations, net of tax
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1,168
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2,703
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-57%
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2,637
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4,730
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-44%
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Net income attributable to ABB
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1,132
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2,640
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-57%
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2,475
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4,546
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-46%
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Basic earnings per share ($)
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0.61
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1.34
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-55%2
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1.30
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2.27
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-43%2
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Cash flow from operating activities4
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687
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1,020
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-33%
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1,287
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3,330
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-61%
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Cash flow from operating activities in continuing operations
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720
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1,033
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-30%
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1,334
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3,338
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-60%
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1 For a reconciliation of non-GAAP measures, see “supplemental reconciliations and definitions” in the attached Q4 2022 Financial Information.
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2 EPS growth rates are computed using unrounded amounts. 2021 numbers include the impact related to the divestment of Mechanical Power Transmission.
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3 Constant currency (not adjusted for portfolio changes).
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4 Amount represents total for both continuing and discontinued operations.
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