Solid growth

Zurich, Switzerland, February 28, 2019 

FULL YEAR 2018 HIGHLIGHTS

  • Total orders +8%[1], up in all divisions and regions
  • Revenues +4%, strong growth in Robotics and Motion
  • Order backlog +6% at end of year, book-to-bill ratio[2] at 1.03x
  • ABB Ability™ drives growth across all divisions
  • Operational EBITA margin 10.9%2, impacted by a combined 250 basis points due to stranded costs, charges for legacy non-core projects and GEIS dilution
  • Reported net income at $2,173 million, -2%
  • Cash flow from operating activities at approx. $3 billion
  • New ABB announced
  • Focus of portfolio on digital industries through divestment of Power Grids
  • Simplification of business model and structure
  • Shape four leading businesses aligned with customer patterns
  • Acquisition of GEIS completed on June 30, 2018
  • CHF 0.80 per share dividend proposed

FOURTH QUARTER HIGHLIGHTS

  • Total orders +7%, higher in all divisions and regions
  • Revenues +5%
  • Operational EBITA margin 7.9%, impacted by a combined 400 basis points due to stranded costs, legacy non-core charges and GEIS dilution
  •  Solid cash flow from operating activities at approx. $1.9 billion
  •  Sylvia Hill to succeed Jean-Christophe Deslarzes as Chief Human Resources Officer and member of the Executive Committee, effective June 1, 2019

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


[1] Growth rates for orders, third-party base orders and revenues are on a comparable basis (local currency adjusted for acquisitions and divestitures). US$ growth rates are presented in Key Figures table.

[2] For non-GAAP measures, see the “Supplemental Financial Information” attachment to the press release.

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

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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

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