ABB: record operating margin in Q1

(CercleFinance.com) - ABB reports core EPS that is down 12% to $0.
49 for Q1 2024, albeit with an operating EBITA margin that is up 1.6 point at a record 17.9%, on revenues of $7.87bn, up 2% on a comparable basis.

With order intake of $8.97bn (-4% on a comparable basis) over the period, the Swiss-Swedish energy and automation technology group nevertheless boasted a positive book-to-bill ratio of 1.14.

For FY 2024, ABB confirms that it expects a positive book-to-bill ratio and comparable sales growth of around 5%, and slightly raises its operating EBITA margin forecast to around 18%.


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