ABB’s Q3 2024 Earnings: A New Era of Growth
A Fresh Perspective
As we gather for ABB’s third-quarter earnings conference call, we’re excited to introduce our new CEO, Morten Wierod, and CFO, Timo Ihamuotila. Joining them is Ann-Sofie Nordh, Head of Investor Relations. Today, we’re shaking things up with a unique format: a concise results presentation, followed by Morten’s initial insights as CEO, and then an open Q&A session.
Strong Performance Across the Board
Morten Wierod takes the stage, highlighting ABB’s impressive Q3 results. The numbers speak for themselves: a 2% increase in orders, a positive book-to-bill ratio, and a repeat of the record-breaking margin. These achievements demonstrate the strength of ABB’s diversified industrial segment exposure.
Industrial Segment Momentum
The industrial segment has been a key driver of growth, with notable developments in several areas. This broad exposure has helped ABB navigate market fluctuations, ensuring a solid foundation for future success.
Cash Flow and Operational Efficiency
ABB’s cash flow performance has been exceptionally strong, underscoring the company’s commitment to operational efficiency. This focus on streamlining processes has enabled ABB to maintain its competitive edge.
New Leadership, New Opportunities
As Morten Wierod shares his initial perspectives as CEO, he brings a fresh vision to the table. With his leadership, ABB is poised to capitalize on emerging opportunities and tackle challenges head-on.
Your Chance to Ask Questions
Now it’s your turn! Join us for an open Q&A session, where you can pose your questions to Morten and Timo. We’re aiming to wrap up in about an hour and a half, so let’s get started!
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