ABB: Q4 2021 Results
ABB reported a strong performance for Q4 2021, with orders at
- Orders in Q4 2021 increased to $8.3 billion, up 18%; FY 2021 orders at $31.9 billion, up 20%.
- Q4 2021 revenues reached $7.6 billion, a 5% increase, while FY 2021 revenues grew to $28.9 billion (+11%).
- Operational EBITA margin improved to 13.1% in Q4 2021, with a 20% year-on-year increase in EBITA.
- Proposed dividend increased to CHF 0.82 per share, reflecting a commitment to returning value to shareholders.
- Basic EPS for FY 2021 decreased by 7% to $2.27.
- Cash flow from operating activities in Q4 2021 dropped 14% compared to Q4 2020.
Strong demand, increased earnings and margin support a robust cash flow
Q4 2021
-
Orders
, +$8.3 billion 18% ; comparable1 +21% -
Revenues
, +$7.6 billion 5% ; comparable +8% -
Income from operations
; margin$2,975 million 39.3% -
Operational EBITA1
; margin1$988 million 13.1% -
Basic EPS
; up from$1.34 year on year$-0.04 -
Cash flow from operating activities was
and from operating activities in continuing operations it was$1,020 million $1,033 million
FY 2021
-
Orders
, +$31.9 billion 20% ; comparable1 +17% -
Revenues
, +$28.9 billion 11% ; comparable +8% -
Income from operations
; margin$5,718 million 19.8% -
Operational EBITA1
; margin1$4,122 million 14.2% -
Basic EPS
; -$2.27 7% 2 -
Cash flow from operating activities was
and from operating activities in continuing operations it was$3,330 million $3,338 million -
Dividend proposal of
CHF 0.82 per share, up fromCHF 0.80 last year
Ad hoc Announcement pursuant to Art. 53 Listing Rules of
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CHANGE |
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CHANGE |
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($ millions, unless otherwise indicated) |
Q4 2021 |
Q4 2020 |
US$ |
Comparable1 |
FY 2021 |
FY 2020 |
US$ |
Comparable1 |
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Orders |
8,257 |
7,003 |
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31,868 |
26,512 |
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Revenues |
7,567 |
7,182 |
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28,945 |
26,134 |
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Gross Profit |
2,397 |
2,147 |
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9,467 |
7,878 |
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as % of revenues |
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+1.8 pts |
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+2.6 pts |
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Income from operations |
2,975 |
578 |
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5,718 |
1,593 |
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Operational EBITA1 |
988 |
825 |
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4,122 |
2,899 |
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as % of operational revenues1 |
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+1.6 pts |
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+3.1 pts |
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Income (loss) from continuing operations, net of tax |
2,703 |
127 |
n.a. |
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4,730 |
345 |
n.a. |
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Net income attributable to |
2,640 |
(79) |
n.a. |
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4,546 |
5,146 |
- |
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Basic earnings per share ($) |
1.34 |
(0.04) |
n.a.2 |
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2.27 |
2.44 |
- |
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Cash flow from operating activities4 |
1,020 |
1,182 |
- |
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3,330 |
1,693 |
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Cash flow from operating activities in continuing operations |
1,033 |
1,225 |
- |
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3,338 |
1,875 |
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“2021 was a good year with strong demand, improved profitability, consolidation of our portfolio and strong cash flow. We look towards 2022 with confidence.”
CEO summary
In the fourth quarter, demand increased significantly and orders grew by
Operational EBITA increased by
At
We successfully closed the divestment of the Mechanical Power Transmission (Dodge) division on
On the back of added confidence for our future growth and profitability, we lifted our long-term targets at our Capital Markets Day in December. Our leading position in resource efficiency through electrification and automation, new ways of working through the decentralized operating model, improved performance management system and acceleration of ESG drivers are expected to drive our through-the-cycle revenue growth to 4
We firmed up our ambition to drive industry leadership in circularity. By 2030, the goal is to have
To support our growth ambitions and leading offering, we invested in start-up company BrainBox AI which pioneers the use of artificial intelligence to reduce energy costs and
After the close of the quarter, the E-mobility division took action to strengthen its position on the US market as it increased its stake to a controlling
Considering improving performance, strong cash flow and robust balance sheet, the Board of Directors proposes an ordinary dividend of
CEO
Outlook
In the first quarter of 2022,
In full year 2022, we expect a steady margin improvement towards the 2023 target of at least
The complete press release including the appendices is available at www.abb.com/news.
1 |
For a reconciliation of non-GAAP measures, see “supplemental reconciliations and definitions” in the attached Q4 2021 Financial Information. |
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2 |
EPS growth rates are computed using unrounded amounts. |
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3 |
Constant currency (not adjusted for portfolio changes). |
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4 |
Amount represents total for both continuing and discontinued operations. |
View source version on businesswire.com: https://www.businesswire.com/news/home/20220202005919/en/
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Media Relations
Phone: +41 43 317 71 11
E-mail: media.relations@ch.abb.com
or
Investor Relations
Phone: +41 43 317 71 11
E-mail: investor.relations@ch.abb.com
Source:
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