Moving to Chart 7. And this just takes a quick look at our Power Products and Power Systems performance, overall. You could see that orders were up in Power Products, about 5%. Revenues were flat. Operational EBITDA versus the second quarter of last year, down 15%, at 14.7%. If you move down to the bottom part of what we're trying to show on this chart is that we, over the last 3 quarters, that had pretty consistent margins from an operational EBITDA standpoint in Power Products. And we're hoping that what we're showing here is we think we've found the 4 here, and we're going to strive hard to be able to maintain that and then bend this curve in the future. Overall, Bernhard and his team have done a good job in Power Products. One of the big things here is the team saving about $100 million of cost in the second quarter in order to counteract the price that we still have in our backlog that's been coming through in that business.Read the rest of this transcript for free on seekingalpha.com
ABB Management Discusses Q2 2012 Results - Earnings Call Transcript
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