Fourth quarter highlights
• 3%1 orders growth driven by large contract awards
• 9% orders growth in the United States and China
• Revenues up 1%
• Power Grids strong growth in orders (up 15%) and revenues (up 4%); Op EBITA margin2 increased to 10.4%
• Operational EBITA margin 11.7% impacted by default of a large distributor in Turkey and Egyptian currency losses
• Net Income $489 mn versus $204 mn in Q4 2015
Full year 2016 highlights
• Operational EBITA margin up 50 bps to 12.4%
• Operational earnings per share2 up 4%
• Orders -5% and revenues -1%
• Successful launch of ABB AbilityTM – integrating and expanding digital offering
• Cash return on invested capital up 70 bps to 14.1%; free cash flow up 5%
• Cost savings and working capital programs progressing
• 8th consecutive dividend increase to CHF0.76 per share proposed
Download full release above.