ABB: EPS down 41% in Q3

(CercleFinance.com) - ABB reported Q3 2022 EPS of $0.
19, down 41% year-on-year, despite operating EBITA up 16% to $1.23 billion, representing a margin improvement of 1.5 points to 16.6%.

The Swiss-Swedish group achieved revenues of 7.4 billion dollars, up 5% (+18% on a comparable basis) and booked orders of 8.2 billion, up 4% (+16% on a comparable basis).

For the full year 2022, ABB believes it should "achieve the target of at least 15% operating EBITA margin," supported by improved efficiency and solid revenue execution.

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