ABB reports higher earnings, orders for second quarter 2012
ABB公布2012第二季度盈利及訂單增長

• Orders and revenues increased, orders steady to higher in all regions
• Operational EBITDA and margin lower vs Q2 2011, margin up 1% point vs Q1 2012
• Thomas & Betts acquisition completed, solid first contribution to operational EBITDA
• Significant foreign exchange translation negatively impacts top line and earnings

• 訂單和營收增加，所有地區訂單均穩步增長
• 與2011年同期相比，稅前營業盈利以及凈利下降，凈利比2012第一季度增加1%
• 完成對通貝公司的收購，首次對稅前營業盈利作出穩定貢獻
• 外匯匯率的顯著變化，對高增長和凈利帶來不利影響

Zurich, Switzerland, July 26, 2012 - ABB reported higher orders and revenues in the second quarter of 2012 despite short-term macroeconomic volatility as customers in almost all regions continued to invest in power grid upgrades and improved industrial productivity.

瑞士蘇黎世7月26日消息——盡管短期宏觀經濟環境不穩，但ABB公布了2012第二季度訂單和營收增長業務，因為幾乎所有地區都繼續投資于電網升級和提高工業生產率。

Orders received grew 9 percent (6 percent organic) to $10.1 billion while revenues rose to $9.7 billion, representing a 6 percent increase (3 percent organic). Utilities continued to invest in transmission grids, while industrial customers, especially in oil and gas, increased spending to secure reliable power and improve productivity.

訂單增加9%（有機增長6%）達101億美元，同時營收增加至97億美元，增長6%（有機增長3%）。企業繼續對傳輸電網投資，同時工業客戶，尤其是油氣領域客戶，為確保可靠的電力供應和改善生產率，增加了投資。

Operational EBITDA amounted to $1.5 billion, a 5 percent decrease compared to the same quarter in 2011 (-9 percent organic). The operational EBITDA margin was 15.1 percent versus 16.0 percent the previous year. Cost savings of about $280 million offset the impact of lower prices and project margin slippages, while growth investments in selling and R&D supported volume increases. An unfavorable business mix also impacted the operational EBITDA margin, while significant differences in foreign exchange rates compared with the second quarter of 2011 reduced our US-dollar reported revenues by approximately $600 million and operational EBITDA by approximately $100 million.

稅前營業盈利為15億，較去年同期下降5%（有機下降9%），稅前營業盈利凈利率為15.1%，去年同期為16%。成本節省大約2.8億，抵消價格降低和項目利潤下滑的影響，但同時對銷售和研發支持投資額增加。一個不利的業務組合業影響了稅前營業盈利，而與去年同期外匯匯率的顯著不同，導致營收減值約6億，而稅前營業凈利減值約1億。

Cash flow from operations was approximately $300 million lower than Q2 last year. Total divisional cash from operations increased by $40 million. Group cash flow reflects lower cash generation from hedging of corporate exposures as a result of the strengthening US dollar.

運營現金流比去年第二季度減少約3億美元。運營部門的現金總額增加4 000萬。集團現金流反映隨著美元走強，企業風險對沖的現金產生降低。

Net income amounted to $656 million, including the negative impact of the strengthening US dollar and transaction and amortization-related charges of approximately $100 million related to the acquisition of US low voltage product manufacturer Thomas & Betts, which was completed on May 16 of this year.

凈收入達6.56億美元，這包括了因美元走強以及交易和攤銷相關收費的損失，大約1億美元，這是對美國低電壓產品制造商通貝公司的收購（已在今年5月16日完成）相關的費用。

“These results clearly show how our balanced business and regional scope, together with good execution on cost, allow us to produce solid results even in a mixed market,” said Joe Hogan, ABB’s CEO. “We’re also satisfied to see operational profitability improve compared to the first quarter. The macroeconomic view remains uncertain, but the positive developments we’ve seen in China, the continued strength of the US market and our resilience in Europe make us more confident about the short-term outlook than we were three months ago.”

ABB首席執行官昊坤表示：“財報結果清楚地表明了我們的業務和區域范圍非常平衡，加上良好的執行成本，使我們在這一錯雜復雜的市場能取得穩定的成果。我們也高興地看到與今年第一季度相比，我們的業務盈利能力提高。宏觀經濟仍然不明朗，但我們在中國看到積極的發展態勢，美國市場的持續走強和我們在歐洲市場的反彈，使我們對短期前景的信心，相比三個月前更足。”