ABB has posted a significant increase in first-quarter profitability, driven by a substantial rise in operational earnings. Net income grew by 20% year-over-year to reach $1.32 billion.
- Net income reached $1.32 billion, a 20% year-over-year increase
- Operational EBITA grew 37% to $2.05 billion from $1.50 billion
- Basic EPS rose to $0.73 compared to $0.60 in Q1 of the previous year
- Strong operational performance indicates improved margin execution
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