Positioned for profitable growth

Zurich, Switzerland, February 8, 2018 - Transition delivers streamlined and strengthened portfolio and operations

FULL YEAR 2017 HIGHLIGHTS

–      Base orders up 5%, higher in all divisions and regions; total orders steady

–      Revenues +1%

–      ABB Ability™ drives growth across all divisions

–      Streamlined and strengthened portfolio:

  • B&R, Keymile acquisitions completed; GE Industrial Solutions acquisition signed
  • High-voltage cables divested, two joint ventures signed for EPC activities
  • Business model change in Power Grids, Robotics and Motion and Industrial Automation under way

–      Operational EBITA margin 12.1%, impacted 30 bps due to charges related to the EPC businesses

–      Net income up 17% to $2,213 million

–      Cash flow from operating activities steady; net working capital as a percentage of revenues reduced to 11.3%

–      9th consecutive dividend increase to CHF0.78 per share proposed

FOURTH QUARTER HIGHLIGHTS

–      Base orders up 9%; higher in all divisions and regions; service orders up 7%

–      Revenues -1%

–      Operational EBITA margin 10.9% impacted 150 bps due to charges related to the EPC businesses

–      Power Grids profitability within 2018 target margin corridor ahead of plan, on a pro-forma basis

–      Cash flow from operating activities up 31 percent

“In the transition year 2017, we shaped a streamlined and strengthened ABB. Now, our digital-first portfolio for customers in utilities, industry and transport and infrastructure is based on two clear value propositions: bringing electricity from any power plant to any plug, and automating industries from natural resources to finished products,” said ABB CEO Ulrich Spiesshofer. “The annual results include the dampening effect of our massive transformation. With our targeted actions to shift our center of gravity, we have improved competitiveness, addressed higher-growth segments and de-risked ABB. We delivered four consecutive quarters of increasing base-order growth. The momentum we have built in 2017 positions us for profitable growth as the global markets are improving. Today’s proposal to increase the dividend for the 9th consecutive year demonstrates our confidence in the future.”

The complete press release including the appendices is available at www.abb.com/news

Media Relations
phone: +41 43 317 7111
e-mail: media.relations@ch.abb.com

Investor Relations
phone: +41 43 317 7111
e-mail: investor.relations@ch.abb.com

ABB Ltd
Affolternstrasse 44
8050 Zurich
Switzerland

For further information, please refer to www.abb.com/news

Visit ABB on:     Facebook     Instagram     LinkedIn     Twitter     YouTube

About Us

ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in power grids, electrification products, industrial automation and robotics and motion, serving customers in utilities, industry and transport & infrastructure globally. Continuing a history of innovation spanning more than 130 years, ABB today is writing the future of industrial digitalization with two clear value propositions: bringing electricity from any power plant to any plug and automating industries from natural resources to finished products. As title partner in ABB Formula E, the fully electric international FIA motorsport class, ABB is pushing the boundaries of e-mobility to contribute to a sustainable future. ABB operates in more than 100 countries with about 147,000 employees. www.abb.com

Subscribe

Documents & Links