ABB: progress in challenging markets

Zurich, Switzerland, April 20, 2016: First-quarter highlights· Profitability and cash flow up through execution of Next Level strategy · Base orders steady[1,2] total orders -7% reflect challenging Q1 2015 comparison · Revenues -2% on lower short-cycle volumes and timing of order backlog · Operational EBITA margin[2] up 0.9 percentage points to 12.0% · Power Grids in target margin corridor; strategic portfolio review of Power Grids on track · Operational earnings per share[2] +3%[3] · Cash flow from operating activities up approximately $200 million · Financials