Q3 2022 results

October 20, 2022

“In the third quarter, we delivered high order growth, a strong top-line development and a historically high margin. We are now starting to see the real benefits of the ABB Way operating model.”Björn Rosengren, CEOCEO summaryThere were several positive takeaways from the third quarter 2022. I was pleased to see the Operational EBITA increase by 16% year-on-year and the high Operational EBITA margin of 16.6%, with improvements noted in all business areas. I am proud that we are likely to achieve our target of Operational EBITA margin of at least 15% already in 2022, one year ahead of plan. We expect the typical pattern of a sequentially lower Operational EBITA margin.

The source of this news is from ABB