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ABB (ABB) Q4 2020 Earnings Call Transcript


Ann-Sofie Nordh
Greetings to you all, and welcome to this conference call and webcast for ABB s fourth-quarter and full-year 2020 results. The press release and financial information documents were published this morning at 7 a.m. and can be found on our website along with the presentation, we will go through here today. Following the presentation, we will open up for a Q&A session.
With me today to present here are ABB s CEO, Bjorn Rosengren; and CFO, Timo Ihamuotila. Before we begin, I would like to draw your attention to the information regarding safe harbor notices on our use of non-GAAP measures on Slide 2 of the ABB presentation. This conference call will include forward-looking statements. These statements are based on the company s current expectations and certain assumptions and are therefore subject to certain risks and uncertainties. ....

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ABB: Q4 and Full-Year 2020 Results


Press release content from Business Wire. The AP news staff was not involved in its creation.
ABB: Q4 and Full-Year 2020 Results
February 4, 2021 GMT
ABB (SWX:ABBN): Solid end to challenging year
FOURTH QUARTER 2020 HIGHLIGHTS
Revenues $7.2 billion, +2%; comparable 0%
Income from operations $578 million; margin 8.0%
Operational EBITA 1 $825 million; margin 1 11.5%, including a combined impact of 80 basis points from the full and final Kusile settlement with Eskom in South Africa and non-core business charges
Basic EPS -$0.04; operational EPS 1 $0.26, -6%
Cash flow from operating activities $1,182 million; cash flow from continuing operating activities $1,225 million after negative impacts, combined, of ~$200 million for the Kusile settlement and pension plan transfers ....

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