Strong underlying performance 

Orders $6.1 billion, -9%; comparable -8%1 
Revenues $6.6 billion, -4%; comparable -4% 
Income from operations $71 million; margin 1.1% 
Power Grids gain of $5.3 billion, pre-tax, recorded in discontinued operations 
Operational EBITA1 $787 million; margin1 12.0% 
Net income $4.5 billion, +780%, including Power Grids gain 
Basic EPS $2.14, +785%2; operational EPS1 $0.21, -36% 
Cash flow from operating activities $408 million, after $273 million negative impact from pensions; resilient cash delivery expected for the full year

ZURICH -- (BUSINESS WIRE) --

“Third quarter revenues in all business areas were still dampened due to the impact of COVID-19, although a strong recovery in China and ongoing cost mitigation efforts supported a strong underlying performance. On the upside, the integration of GEIS and turnaround of Installation Products in Electrification is starting to bear fruit and Motion is performing robustly. Robotics and Industrial Automation, on the other hand, are taking more time to recover,” said Björn Rosengren, CEO of ABB. “We are pushing ahead with the decentralization of the group and the ongoing review of our portfolio, while carrying out our share buyback program as planned. We look forward to presenting further details on our strategic progress at our Capital Markets Day on November 19.”

Q3 2020 Group results

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