ZURICH--(BUSINESS WIRE)--ABB is publishing preliminary information on its first-quarter 2021 results, which according to the information available to the company, is better than the latest company guidance and current market consensus. The preliminary results were driven by a stronger-than-anticipated market development, especially during the last weeks of March, and relates primarily to the short-cycle business. Quarterly demand is likely to have been supported by customer stock-building activities related to both component availability constraints and rising commodity prices in the industry.
Preliminary results for first quarter 2021:
|
($ millions, |
|
|
Change |
|
|
Q1 2021 |
Q1 2020 |
US$ |
Comparable1 |
|
|
Orders |
~7,750 |
7,346 |
~+6% |
~+1% |
|
Revenues |
~6,900 |
6,216 |
~+11% |
~+7% |
|
Operational EBITA2, % |
~13.5% |
10.2% |
~+330 pts |
|
