From the more good news department...

Oct. 26, 2006

ABB reports what they say are really good numbers for 2006 Q3 in process automation:

 Process Automation Division

2006 Q3 key figures

Q3 06

Q3 05

Change

$ mi...

ABB reports what they say are really good numbers for 2006 Q3 in process automation:

 Process Automation Division

2006 Q3 key figures

Q3 06

Q3 05

Change

$ millions unless otherwise indicated

  

US$

Local

Orders

1,828

1,227

49%

44%

Revenues

1,322

1,183

12%

9%

EBIT

139

88

58%

 

EBIT margin (%)

10.5%

7.4%

  

Cash flow from operating activities

171

45

  

 Demand for automation solutions grew in all sectors and regions. This was primarily driven by the continued efforts of customers to expand capacity and to increase the efficiency and productivity of their facilities. The trend resulted in an exceptional increase in large orders. The businesses with the strongest growth were oil and gas and minerals, supported by marine, pulp and paper and performance services.Regionally, orders were higher in the Middle East and Africa, driven mainly by large orders from the oil and gas industry. Orders in Europe increased as customers expanded in the emerging markets of the east, and the Americas benefited from demand in the pulp and paper sector and for performance services. Orders declined in Asia, mainly reflecting a reduction in the scope of work on a previously booked project in Thailand.

Revenues rose in the third quarter, reflecting the progress made on the significant backlog of large orders and an increase in the service business. Strong execution of large projects and increased revenues from services contributed to the improvement in EBIT and EBIT margin compared with the third quarter of 2005.

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