Q2 2022 results

July 21, 2022

Cash flow from operating activities in continuing operations 385 663 -42%(179) 1,186 -115%1 For a reconciliation of non-GAAP measures, see “supplemental reconciliations and definitions” in the attached Q2 2022 Financial Information. “I am pleased with our performance and that we have taken yet another step toward our long-term margin target. Comparable revenues increased in all business areas except for Robotics & Discrete Automation which together with the Distribution Solutions division in Electrification, are where customer deliveries were materially slowed by component shortages. Additionally, results were supported by lower than anticipated costs in Corporate and Other including a positive margin impact of approximately 60 basis points related to the exit of a legacy project and a real estate sale which came through sooner than expected. This triggered a charge of $57 million, of which $23 million will impact cash flow in the third quarter.

The source of this news is from ABB

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