ABB第三季度季报.pdfVIP

Press Release Solid performance in an uncertain market 1 Group operational EBITDA margin stable vs Q2 2012, including Power Products Orders and revenues supported by better geographic balance in automation Strong divisional cash from operations Thomas Betts contributed approx. $120 million to operational EBITDA Outlook: Limited visibility, but cautious optimism in an uncertain environment 2 Zurich, Switzerland, October 25, 2012 – ABB reported steady orders and higher revenues in the third quarter of 2012 despite a challenging macroeconomic environment, as the company benefited from its well-balanced market exposure, especially the improved access to the North American automation market gained through recent acquisitions. Power orders were lower than the year-earlier period, which included a large offshore wind order. Excluding that order, power orders rose 10 percent, driven by utility and industry investments in power transmission. Automation orders were up 13 percent (flat organic), driven by demand for improved industrial productivity, mainly in Europe and North America and in the mining and marine sectors. The Group’s operational EBITDA and operational EBITDA margin were lower than in the strong third quarter of last year, mainly due to the execution of lower-priced power orders from the backlog, but were higher than Q2 2012. The operational EBITDA margin in Power Products was steady compared to the second quarter of 2012. Cost savings for the Group amounted to about $280 million in the quarter. The stronger US dollar continued to negatively impact ABB’s reported results. An increase in divisional cash flows was more than offset by cash outflows from hedging corporate exposures as a result of the stronger US dollar. “We’re encouraged that we could grow the business and sustain profi