Earnings release
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Q3 2021 First nine months Press Release Ad hoc Announcement pursuant to Art . 53 Listing Rules of SIX Swiss Exchange ABS ZURICH , SWITZERLAND , OCTOBER 21 , 2021 Q3 2021 results Strong demand , supply chain constraints impacting revenues • Orders $ 7.9 billion , + 29 % ; comparable¹ + 26 % • Revenues $ 7.0 billion , + 7 % ; comparable + 4 % • Income from operations $ 852 million ; margin 12.1 % • Operational EBITA¹ $ 1,062 million ; margin¹ 15.1 % • Basic EPS $ 0.33 ; -85 % 2 • Cash flow from operating activities was $ 1,104 million and from operating activities in continuing operations it was $ 1,119 million KEY FIGURES CHANGE CHANGE ( $ millions , unless otherwise indicated ) Orders Q3 2021 Q3 2020 US $ Comparable¹ 7,866 6,109 29 % Revenues Gross Profit as % of revenues Income from operations 7,028 6,582 7 % 26 % 4 % 9M 2021 9M 2020 23,611 US $ Comparable¹ 19,509 21 % 16 % 21,378 18,952 13 % 8 % 2,294 1,834 25 % 7,070 5,731 23 % 32.6 % 27.9 % +4.7 pts 33.1 % 30.2 % +2.9 pts 852 Operational EBITA¹ 1,062 71 787 n.a. 2,743 1,015 170 % as % of operational revenues¹ 15.1 % 12.0 % 35 % +3.1 pts 32 % 3 3,134 2,074 14.6 % 10.9 % 51 % +3.7 pts 43 % 3 Income ( loss ) from continuing operations , net of tax 687 ( 503 ) n.a. 2,027 218 830 % Net income attributable to ABB 652 4,530 -86 % 1,906 5,225 -64 % Basic earnings per share ( $ ) 0.33 2.14 -85 % ² 0.95 2.45 -61 % ² Cash flow from operating activities 1,104 408 171 % 2,310 511 352 % Cash flow from operating activities in continuing operations 1,119 398 181 % 2,305 650 255 % 1 For a reconciliation of non - GAAP measures , see " supplemental reconciliations and definitions " in the attached Q3 2021 Financial Information . 2 EPS growth rates are computed using unrounded amounts . 3 Constant currency ( not adjusted for portfolio changes ) . 4 Amount represents total for both continuing and discontinued operations . " In the face of a difficult supply chain environment , I am pleased that we achieved a good margin this quarter . Our cash generation was very strong , leaving ample headroom on our balance sheet to support both organic growth and acquisitions as well as rewarding shareholders . " Björn Rosengren , CEO ABB