Record Year for ABB
ABB achieved a new record level for operational EBITA margin at 18.1% and a gross margin all-time high of 37.4%. Earnings per share increased by 6%, and the company delivered a free cash flow of $3.9 billion, with a free cash flow margin of 12%.
Electrification Segment Success
Electrification orders were up by 16% with a revenue growth of 11%, surpassing $4 billion for the first time. Operational EBITA improved by 19% to $863 million, resulting in a margin of 21.3%.
Strong Regional Growth
ABB's orders were up in all three regions. Europe saw a 9% increase, while the Americas improved by 7%. Excluding the backlog adjustments, China was only down by 1%.
Improvements in Robotics and Discrete Automation
Robotics and Discrete Automation turned a corner with positive order growth after eight quarters in decline, despite backlog adjustments.