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1、 ZURICH,SWITZERLAND,APRIL 17,2025 Q1 2025 results Strong start to the year;optimizing value creation with portfolio management Orders$9,213 million,+3%;comparable1+5%Revenues$7,935 million,+1%;comparable1+3%Income from operations$1,567 million;margin 19.7%Operational EBITA1$1,597 million;margin1 20.

2、2%Basic EPS$0.60;+22%3 Cash flow from operating activities$684 million;-6%“ABB had a strong start to the year with progress on most lines of the income statement and solid cash flow.We confirm our 2025 outlook,but acknowledge that uncertainty for the business environment has increased.At the same ti

3、me,we expect to create further value by actively managing our portfolio and spinning off our Robotics business.”Morten Wierod,CEO KEY FIGURES CHANGE($millions,unless otherwise indicated)Q1 2025 Q1 2024 US$Comparable1 Orders 9,213 8,974 3%5%Revenues 7,935 7,870 1%3%Gross Profit2 3,311 3,064 8%as%of r

4、evenues2 41.7%38.9%+2.8 pts Income from operations 1,567 1,217 29%Operational EBITA1 1,597 1,417 13%16%4 as%of operational revenues1 20.2%17.9%+2.3 pts Income from continuing operations,net of tax 1,119 914 22%Net income attributable to ABB 1,102 905 22%Basic earnings per share($)0.60 0.49 22%3 Cash

5、 flow from operating activities 684 726-6%Free cash flow1 652 551 18%1 For a reconciliation of alternative performance measures,see“supplemental reconciliations and definitions”in the attached Q1 2025 Financial Information.2 Prior period amounts have been restated to reflect a change in accounting p

6、olicy for IS expenses,see“Note 1-The Company and Basis of Presentation”in the attached Q1 2025 Financial Information for details.3 EPS growth rates are computed using unrounded amounts.4 Constant currency(not adjusted for portfolio changes).Ad hoc Announcement pursuant to Art.53 Listing Rules of SIX

7、 Swiss Exchange Q1 2025 FIRST THREE MONTHS PRESS RELEASE ABB INTERIM REPORT I Q1 2025 2 A robust business environment in the first quarter of 2025 supported the order increase of 3%(5%comparable).Despite the slightly slower than expected revenue growth of 1%(3%comparable)we delivered an Operational

8、EBITA margin of 20.2%.All our business areas outpaced our original expectations with a strong finish in the quarter.Additional margin support stemmed from a capital gain linked to a real estate sale which lifted profitability by approximately 170 basis points.Free cash flow1 of$652 million is a good

9、 start to us improving our full year 2025 free cash flow from last years$3.9 billion.Overall,I am pleased with the outcome.We built order backlog as we again achieved another quarter with a positive book-to-bill,reaching 1.16.Order intake increased in three out of four business areas,with only Motio

10、n declining from last years record high level.Customer inventories in the Machine Automation division are seemingly approaching normalized levels,with some final adjustments spilling over into the second quarter.Sequentially,the general business activity remained largely stable,but with some signs o

11、f longer investment decision lead times towards the end of the quarter,linked to unclarity regarding trade tariffs.As part of the annual reporting suite,we published our annual sustainability statement,and I am pleased about the progress we have made.Some highlights include that we are already close

12、 to fulfilling our 2030 target of 80%CO2e emissions reduction as we ended 2024 at 78%below the 2019 base level.It makes me proud to see that our leading technology helped customers avoid another 66 megatons of emissions throughout the lifetime of products sold,and importantly our diligent focus on z

13、ero harm to our people resulted in another low score for Lost Time Injury Frequency Rate(LTIFR)of 0.15.We acknowledge the increased uncertainty for the global business environment on the back of trade tariffs.We focus on what we can control and take action to defend our market position and profitabi

14、lity.Our legacy of a local-for-local footprint serves us well and in the United States we cover as much as 75%-80%of our sales with domestic production,with additional support from certain tariff exemptions.In Europe and China we have reached an even higher local footprint.The energy transition and

15、expansion means increasing demand for advanced electrification technologies and we incrementally invest in the United States to support the anticipated long-term market development.We announced investments of$120 million in two of our manufacturing sites to expand local production of low voltage ele

16、ctrification products.This is in addition to the more than$500 million of US investments over the past three years.We continue to be active with portfolio management and the Smart Building division completed the acquisition of Siemens Wiring Accessories business in China.This adds a comprehensive pr

17、oduct portfolio and a robust distribution network across 230 cities.It generated more than$150 million in revenues in 2024 and will be margin accretive.We have also decided to initiate the preparations to spin off our Robotics division as a separately listed pure play robotics company,planned for th

18、e second quarter of 2026.ABB Robotics holds a global number two market position with revenues of$2.3 billion in 2024 and as a strong performer in its industry it would benefit from being measured more directly against its peers.In addition,there are limited synergies between the ABB Robotics busines

19、s and the remainder of the ABB divisions with different demand and market characteristics.We believe this change will support value creation in both units and now is a good time for both ABB and for the Robotics business.When it comes to ABB,the period of major operational change is behind us as we

20、are on the final stretch of pushing the ABB Way operating model further down in the organization.For the Robotics business,it has proven its double-digit margin resilience and solid cash flow profile over the past few years in our decentralized operating model.It is well invested in their state-of-t

21、he-art main hubs in China and US and are just now starting the construction work for a major upgrade of the European hub in Sweden.It has the broadest customer offering and R&D efforts resulted in the unique Omnicore platform being launched last year.They have also made important acquisitions adding

22、 Autonomous Mobile Robots(AMRs)and Visual Simultaneous Localization and Mapping(VSLAM)technology.It is our view that a spin-off will optimize both companies abilities to create customer value,grow and attract talent and both will benefit from a more focused governance and capital allocation.Upon com

23、pletion of the spin-off ABB will consist of three business areas with clear sales and technology synergies.The Machine Automation division,which together with Robotics currently forms the Robotics&Discrete Automation business area,will become part of the Process Automation business area where custom

24、er value creation will benefit from synergies for software and control technologies,for example towards hybrid industries.As part of our capital allocation strategy we launched a share buy-back program of up to$1.5 billion,which is in addition to the dividend of CHF 0.90 per share approved by shareh

25、olders at the annual general meeting.Morten Wierod CEO In the second quarter of 2025,we anticipate comparable revenue growth in the mid-single digit range,and the Operational EBITA margin to remain broadly stable with last years 19.0%;however acknowledging the increased uncertainty for the global bu

26、siness environment.We expect improved business results in 2025 to offset the year-on-year headwind from favorable net non-repeats of 30 basis points in Corporate&Other in the second quarter of 2024.In full-year 2025,we expect a positive book-to-bill,comparable revenue growth in the mid-single digit

27、range and the Operational EBITA margin to improve year-on-year,however acknowledging the increased uncertainty for the global business environment.CEO summary Outlook ABB INTERIM REPORT I Q1 2025 3 Orders increased by 3%(5%comparable)to$9,213 million,supporting the book-to-bill of 1.16.There was pos

28、itive momentum for both short-cycle and project and systems orders in three out of four business areas.Short-cycle orders improved also in Motion,however total orders declined from last years record-high level due mainly to lower project orders in the Traction division.Order backlog at the end of th

29、e first quarter reached$23 billion.Comparable orders increased in all geographical regions.The market environment in the Americas was strong and orders were up by 8%(11%comparable),supported by the United States which improved by 9%(9%comparable).In Europe,the positive comparable development was mor

30、e than offset by the impact of changes in exchange rates,resulting in total orders declining by 2%(up 1%comparable).Asia,Middle East and Africa improved by 2%(4%comparable)mainly driven by strong growth in China which was up by 13%(13%comparable).In transport&infrastructure,the trading environment w

31、as strong in marine and ports as well as in rail,for which however quarterly orders declined from last years challenging comparable,which included some larger orders.Land transport infrastructure benefited from upgrades of electrical equipment.In the industrial areas a particularly strong developmen

32、t was seen in utilities.The general sentiment in the data center segment remains very strong,although quarterly orders declined slightly.Orders in the buildings segment improved as weakness in China was more than offset by favorable developments in other regions driven by commercial areas while the

33、residential segment remained overall stable.In the robotics-related segments,the general trading environment in the automotive segment remains challenging,but orders increased on the back of certain customers broadening their geographical exposure,similar to the consumer electronics segment.Orders i

34、ncreased in food&beverage and the general industry segment benefited from increased orders related to industrial machinery and the fashion industry.Orders in the machine builder segment increased sharply from a low level.In the process-related areas,orders were stable or improved in most customer se

35、gments,with a muted environment mainly in chemicals and pulp&paper.Revenues improved by 1%(3%comparable)to$7,935 million,with the increase on a comparable basis offset mainly by the adverse impacts from changes in exchange rates.The higher revenues year-on-year was supported by execution of the orde

36、r backlog and an increase in service.Higher volumes was the main driver to the revenue growth,with some added support from slightly positive pricing.Growth Q1 Q1 Change year-on-year Orders Revenues Comparable 5%3%FX-2%-2%Portfolio changes 0%0%Total 3%1%Orders by region($in millions,unless otherwise

37、indicated)CHANGE Q1 2025 Q1 2024 US$Comparable Europe 3,234 3,298-2%1%The Americas 3,139 2,904 8%11%Asia,Middle East and Africa 2,840 2,772 2%4%ABB Group 9,213 8,974 3%5%Revenues by region($in millions,unless otherwise indicated)CHANGE Q1 2025 Q1 2024 US$Comparable Europe 2,773 2,748 1%4%The America

38、s 2,918 2,789 5%8%Asia,Middle East and Africa 2,244 2,333-4%-2%ABB Group 7,935 7,870 1%3%Orders and revenues ABB INTERIM REPORT I Q1 2025 4 Gross profit Gross profit increased by 8%(11%constant currency)year-on-year to$3,311 million,reflecting a gross margin of 41.7%,up 280 basis points year-on-year

39、,with approximately 110 basis points support from foreign exchange/commodity timing differences.Gross margin improved in three out of four business areas.Income from operations Income from operations amounted to$1,567 million and improved by 29%year-on-year.This improvement was driven mainly by a st

40、ronger business performance,an operational capital gain linked to a real estate sale,favorable impacts from exchange rate and commodity timing differences.In total,the Income from operations margin was 19.7%,up by 420 basis points.Operational EBITA Operational EBITA improved by 13%year-on-year to$1,

41、597 million and the margin increased by 230 basis points to 20.2%.The increases were supported both by improved operational results driven by leverage on higher volumes as well as slightly positive pricing.In addition,the net gain of approximately$140 million related to a real estate sale had positi

42、ve margin impact of around 170 basis points.These combined benefits more than offset the higher expenses related to Sales,General&Administrative.Earnings improved in three business areas reflecting the higher margin run rate compared with last year.This more than offset a significant decline in Robo

43、tics&Discrete Automation which was impacted by lower revenues in a weak,but sequentially stabilizing,market environment.Operational EBITA in Corporate and Other amounted to$22 million including the impact of the real estate capital gain.Underlying corporate costs were$68 million while the E-mobility

44、 business reported a loss of$47 million as the operational performance was hampered by low volumes and the ongoing reorganization to ensure a more focused portfolio.Finance net Net finance income contributed to results with a positive$7 million,lower than last years income of$20 million.The change w

45、as due to higher interest charges on income tax contingencies offset partially by lower interest charges on debt.Income tax Income tax expense was$469 million,and the effective tax rate was 29.5%.Net income and earnings per share Net income attributable to ABB was$1,102 million,representing an incre

46、ase of 22%from last year,mainly helped by the impacts of improved business performance and the gain,net of tax for a real estate divestment,which more than offset the adverse impact from higher tax rate year-on-year.This resulted in an increase of 22%in basic earnings per share to$0.60,up from$0.49

47、in the last year period.Earnings Corporate and Other Operational EBITA ($in millions)Q1 2025 Q1 2024 Corporate and Other E-mobility(47)(54)Corporate costs,intersegment eliminations and other1 69(64)Total 22(118)1 Majority of which relates to underlying corporate ABB INTERIM REPORT I Q1 2025 5 Trade

48、net working capital1 Trade net working capital amounted to$4,664 million,decreasing year-on-year from$4,818 million as an increase in trade receivables and contract assets were more than offset by higher customer advances.The average trade net working capital as a percentage of revenues1 was 14.4%wh

49、ich declined from 16.1%one year ago.Capital expenditures Purchases of property,plant and equipment and intangible assets amounted to$195 million.Net debt Net debt1 amounted to$1,460 million at the end of the quarter and decreased from$2,086 million year-on-year.The sequential increase from$1,285 mil

50、lion in the fourth quarter was mainly due to share buyback activity and the completed acquisitions of businesses,which was partly offset by a solid free cash flow during the quarter.Cash flows Cash flow from operating activities was$684 million,representing a decline from last years$726 million as t

51、he impact of stronger earnings was offset by higher taxes and interest,while the buildup of Net working capital was broadly stable.Free cash flow amounted to$652 million and improved from last years$551 million mainly supported by the proceeds from the real estate sale with a cash impact of about$10

52、0 million.Share buyback program A share buyback program of up to$1.5 billion was launched on February 10,2025,after the previous program of up to$1 billion as completed on January 31,2025.During the first quarter,under the new program ABB repurchased a total of 3,886,309 shares for a total amount of

53、 approximately$216 million.As of March 31,2025,ABBs total number of issued shares,including shares held in treasury,amounts to 1,860,614,888.Balance sheet&Cash flow ($in millions,unless otherwise indicated)Mar.31 2025 Mar.31 2024 Dec.31 2024 Short-term debt and current maturities of long-term debt 8

54、05 1,957 293 Long-term debt 7,015 6,346 6,652 Total debt 7,820 8,303 6,945 Cash&equivalents 4,494 4,120 4,326 Marketable securities and short-term investments 1,866 2,097 1,334 Cash and marketable securities 6,360 6,217 5,660 Net debt(cash)*1,460 2,086 1,285 Net debt(cash)*to EBITDA ratio 0.2 0.4 0.

55、2 Net debt(cash)*to Equity ratio 0.10 0.16 0.09 *March 31,2025,March,31,2024 and Dec.31,2024,net debt(cash)excludes net pension(assets)/liabilities of$(266)million,$(189)million and$(227)million,respectively.ABB INTERIM REPORT I Q1 2025 6 Orders and revenues The overall business environment was heal

56、thy in the first quarter and total order intake remained on par with last years record level.Orders increased in most customer segments,however the comparable positive development was offset by the impact from changes in exchange rates.In total,orders amounted to$4,394 million,stable year-on-year(up

57、 2%comparable).Book-to-bill was strong at 1.15,and the order backlog increased to all-time-high level of$8.2 billion.Customer activity was stable to positive in most of the customer segments,including the two largest of utilities as well as buildings where commercial demand improved and residential

58、remained overall stable.The general sentiment in the data center segment remains very strong,although quarterly orders declined slightly due to slower activity noted for a specific customer within the hyperscale field.Orders improved in two out of three regions,from last years record order level.The

59、 Americas increased by 4%(6%comparable)supported by the United States at 7%(6%comparable).Europe declined by 7%(4%comparable)with a mixed picture between the largest countries.Asia,Middle East and Africa improved by 3%(4%comparable)driven by China which was up by 8%(6%comparable).Revenues of$3,825 m

60、illion increased by 4%(6%comparable)from last year,improving in virtually all divisions.Higher volumes was the main driver to comparable growth with solid execution of the order backlog mainly linked to the medium voltage and power protection businesses as well as good customer activity in the short

61、-cycle business.Profit Operational EBITA increased by 7%year-on-year to$886 million,resulting in a margin improvement of 80 basis points to 23.2%.A strong improvement in gross margin was the main driver to the profitability increase,supported primarily by operational leverage on higher volumes and i

62、mproved operational efficiency which combined more than offset a slight increase in SG&A expenses.Electrification CHANGE($millions,unless otherwise indicated)Q1 2025 Q1 2024 US$Comparable Orders 4,394 4,392 0%2%Order backlog 8,173 7,389 11%11%Revenues 3,825 3,680 4%6%Gross Profit 1,638 1,498 9%as%of

63、 revenues 42.8%40.7%+2.1 pts Operational EBITA 886 826 7%as%of operational revenues 23.2%22.4%+0.8 pts Cash flow from operating activities 521 547-5%No.of employees(FTE equiv.)53,100 50,700 Growth Q1 Q1 Change year-on-year Orders Revenues Comparable 2%6%FX-3%-2%Portfolio changes 1%0%Total 0%4%ABB IN

64、TERIM REPORT I Q1 2025 7 Orders and revenues Book-to-bill was strong at 1.17 as Motion delivered yet another quarter with order intake at the+$2 billion level.The decline from last years all-time-high by 6%(4%comparable)to$2,156 million was mainly due to the high large order comparable.Strong growth

65、 was recorded in the service business,and short-cycle orders were up slightly.This was however offset by lower large order bookings as last years high level included one specific order of$150 million in the Traction division.A stable to favorable order development was recorded in the segments of HVA

66、C for commercial buildings,water&wastewater and power generation.Orders declined in the process related areas of oil&gas,chemicals and food&beverage;but also in rail due to the challenging large order comparable.Orders improved in the Americas by 6%(8%comparable),supported by a strong improvement of

67、 9%(10%comparable)in the United States.Comparable orders were stable in Europe while the total declined by 3%(0%comparable)primarily reflecting changes in exchange rates.Asia,Middle East and Africa declined sharply by 19%(18%comparable)impacted by the large order comparable although orders in China

68、increased by 7%(9%comparable).Revenues of$1,840 million improved by 1%(3%comparable).Strong growth in the long-cycle divisions through backlog execution was partially offset by declines in service,while short-cycle was broadly stable.Further support was derived from a positive price component.Profit

69、 Operational EBITA increased by 5%from last year,representing a 110 basis point improvement in the Operational EBITA margin.The largest driver for the higher profitability level was the increase in gross margin.This was mainly supported by the impact from positive pricing as well as improved operati

70、onal efficiency.Motion CHANGE($millions,unless otherwise indicated)Q1 2025 Q1 2024 US$Comparable Orders 2,156 2,303-6%-4%Order backlog 5,716 5,612 2%2%Revenues 1,840 1,829 1%3%Gross Profit 733 646 13%as%of revenues 39.8%35.3%+4.5 pts Operational EBITA 360 343 5%as%of operational revenues 19.6%18.5%+

71、1.1 pts Cash flow from operating activities 310 352-12%No.of employees(FTE equiv.)22,330 22,380 Growth Q1 Q1 Change year-on-year Orders Revenues Comparable-4%3%FX-2%-2%Portfolio changes 0%0%Total-6%1%ABB INTERIM REPORT I Q1 2025 8 Orders and revenues Orders exceeding$2 billion signal a healthy busin

72、ess environment.Order intake increased by 19%(23%comparable)and amounted to$2,024 million with a positive development across the divisions.Book-to-bill was strong at 1.24,making it another quarter adding to the order backlog which amounted to$8.1 billion,up by 10%from last year.Customer activity rem

73、ained very strong in the marine and ports segment,where the main exposure is passenger and specialized vessels,as well as port automation.A stable to positive order development was noted in most of the energy and process industry-related segments.Towards the end of the quarter there were some emergi

74、ng signs of delayed investment decisions linked to uncertainty surrounding tariff impacts.On the other hand,customer activity remains strong for security of energy supply and geopolitical self-sufficiency.Revenues were mainly supported by execution of the project order backlog.The volume increase wa

75、s the key driver to the year-on-year growth of 2%(5%comparable)with some additional support from positive pricing,for total revenues of$1,633 million.Profit Operational EBITA of$255 million was up by 1%representing an Operational EBITA margin of 15.8%.Operational EBITA margin improved in the project

76、 and systems related divisions which executed the order backlog with high gross margin.This was partially offset by the product division where weaker revenues weighed on profitability year-on-year.Process Automation CHANGE($millions,unless otherwise indicated)Q1 2025 Q1 2024 US$Comparable Orders 2,0

77、24 1,697 19%23%Order backlog 8,076 7,343 10%10%Revenues 1,633 1,601 2%5%Gross Profit 647 594 9%as%of revenues 39.6%37.1%+2.5 pts Operational EBITA 255 253 1%as%of operational revenues 15.8%15.6%+0.2 pts Cash flow from operating activities 264 229 15%No.of employees(FTE equiv.)22,760 21,340 Growth Q1

78、 Q1 Change year-on-year Orders Revenues Comparable 23%5%FX-4%-3%Portfolio changes 0%0%Total 19%2%ABB INTERIM REPORT I Q1 2025 9 Orders and revenues The business area turned a corner in the first quarter with both divisions recording strong order growth year-on-year,and improving also sequentially.Or

79、der intake was up by 14%(17%comparable)to$799 million and book-to-bill was positive at 1.07.Orders in the Robotics division improved from last year at a double-digit pace.The general trading environment in the automotive segment remains challenging,but orders increased as certain customers stick wit

80、h our leading technology,particularly for paint solutions,as they expand their geographical exposure.A similar pattern supported orders also in the consumer electronics segment.Other positive drivers were food&beverage,the fashion industry and industrial machinery.Orders increased sharply in the Ame

81、ricas and the Asia,Middle East&Africa regions,while a low single digit decline was recorded in Europe.Orders in the Machine Automation division increased sharply from last years low level and customers inventory levels are seemingly approaching normalized inventory levels,with some final adjustments

82、 spilling over into the second quarter.We expect a slight sequential improvement in absolute order intake also going into the second quarter of 2025.Revenues for the business area declined sharply by 14%(11%comparable)to$744 million.The two divisions show diverging patterns,with increased volumes in

83、 Robotics,while it declined sharply in Machine Automation.Profit Sequentially the Operational EBITA margin improved more than expected.However,year-on-year the impact from operational leverage on significantly lower volumes in the Machine Automation division put pressure on the Operational EBITA whi

84、ch declined by 35%to$74 million.The Operational EBITA margin dropped by 330 basis points year-on-year to 9.9%.The Robotics division continued to deliver a double-digit profitability level.Machine Automation improved to a break-even level as savings from cost measures were increasingly realized to of

85、fset the adverse impacts from still low utilization rates in production.Robotics&Discrete Automation CHANGE($millions,unless otherwise indicated)Q1 2025 Q1 2024 US$Comparable Orders 799 701 14%17%Order backlog 1,518 1,918-21%-21%Revenues 744 864-14%-11%Gross Profit 256 320-20%as%of revenues 34.4%37.

86、0%-2.6 pts Operational EBITA 74 113-35%as%of operational revenues 9.9%13.2%-3.3 pts Cash flow from operating activities 65 95-32%No.of employees(FTE equiv.)10,280 11,380 Growth Q1 Q1 Change year-on-year Orders Revenues Comparable 17%-11%FX-3%-3%Portfolio changes 0%0%Total 14%-14%ABB INTERIM REPORT I

87、 Q1 2025 10 Events from the Quarter ABB has launched an innovative collaboration with Stena Recycling AB,to streamline and improve the recycling of wood waste from its robotics factory in Vsters,Sweden.Stena Recycling processes the waste into wood chips that will eventually be utilized to produce pa

88、rticle boards for new furniture production.This partnership has contributed to ABB Robotics increasing its material recycling rate in our factory in Vsters,Sweden,from 36 percent to over 90 percent annually.ABB has been selected by GreenIron,an innovative Swedish company working in the mining and me

89、tals industries with its patented materials reduction technology,to provide automation and control system solutions for a first commercial facility in Sweden.GreenIron is a pioneer for fossil-free metal production and has chosen ABBs distributed control system to manage and automate its process supp

90、orting its ambition of leading the industries transformation to a circular economy and reducing CO emissions.The latest version of ABB technology will create optimizations and efficiencies and is key to GreenIrons scale up and commercialization.ABBs high-efficiency motors and drives have enabled Aur

91、ubis,Europes leading copper producer,to save 25 GWh of electricity annually at its Pirdop plant in Bulgaria.The upgrade involved replacing 460 outdated motors with IE4 and IE5 models,significantly reducing energy consumption and carbon emissions.The upgrade is expected to save so much energy that th

92、e project will pay for itself in only 3.5 years.Other benefits include reduced carbon emissions,increased process flexibility and improved performance.ABB invested in two energy efficiency start-ups in North America to accelerate innovation and sustainability for its Electrification business.In Marc

93、h,ABB has acquired a minority stake in US company DG Matrix to support the commercialization of solid-state power electronics for generative AI data centers and renewable microgrids.The companys Power Router platform replaces conventional systems with an all-in-one solution that is up to five times

94、smaller and has best-in-class energy efficiency of 98 percent.In January,ABB also invested in Edgecom Energy,a Canadian energy management startup.The companys unique energy management platform uses artificial intelligence to help industrial and commercial users manage and reduce peaks in their power

95、 demand.One of ABBs largest sites in the United States,in South Carolina,has launched a major sustainability initiative aimed at reducing its environmental impact and boosting energy efficiency.Key upgrades include transitioning to LED lighting,implementing water-saving measures,and deploying advanc

96、ed energy monitoring software.The site is also planning to install a solar farm and battery energy storage system,supporting its goal of energy self-sufficiency.These efforts are expected to significantly cut carbon emissions and save over$150,000 in annual energy costs.Sustainability Q1 2025 Q1 202

97、4 CHANGE 12M ROLLING COe own operations emissions,Ktons scope 1 and 21 35 35 0%129 Total recordable incident frequency rate(TRIFR),frequency/1,000,000 working hours2 1.31 1.44-9%1.43 Proportion of women in senior management roles in%21.8 21.5+0.3 pts 21.5 1 CO equivalent emissions from site,energy u

98、se,SF and fleet,previous quarter 2 To align with CSRD reporting requirements,we have replaced our primary safety KPI,Lost Time Injury Frequency Rate(LTIFR),with Total Recordable Incident Frequency Rate(TRIFR).This new measure includes all incidents and injuries except first aid cases and near misses

99、,promoting improved system learning,enhanced transparency,and greater openness in reporting.Current quarter Includes all incidents reported by April 7,2025 ABB INTERIM REPORT I Q1 2025 11 During Q1 2025 On February 10,ABB launched its previously announced new share buyback program of up to$1.5 billi

100、on.Based on the ABB share price at that time this represents a maximum of approximately 27.6 million shares.The maximum number of shares that may be repurchased under this new program on any given trading day is 663,417.The new share buyback program is for capital reduction purposes and will be exec

101、uted on a second trading line on the SIX Swiss Exchange.It is planned to run from February 10,2025,until January 28,2026.The total number of ABBs issued shares is 1,860,614,888.This includes 16,715,684 shares that were repurchased under the 2024 share buyback program and are expected to be cancelled

102、 in Q2 2025.ABB will use the capital band authorized at its Annual General Meeting 2023 for cancellation of these shares.On 7 February,2025,ABB owned approximately 24 million treasury shares.On March 27,ABB held its Annual General Meeting in Zurich,Switzerland where shareholders approved all proposa

103、ls.This included the dividend of CHF 0.90 and the election of Claudia Nemat as a new Board Director,replacing Lars Frberg who did not stand for re-election.On March 3,ABB announced the completion of the acquisition of Siemens Wiring Accessories business in China which generated over$150 million in r

104、evenue in 2024.The acquisition enhances ABBs portfolio to address the growing demand for safe,reliable and energy-efficient building solutions as it provides access to expansive distributor network,extending ABBs reach across China and Southeast Asia,and further into the retail market.After Q1 2025

105、On April 17,ABB announced that it will launch a process to propose to its Annual General Meeting 2026 to decide on a 100 percent spin-off of its Robotics division.The intention is for the business to start trading as a separately listed company during the second quarter of 2026.Significant events AB

106、B INTERIM REPORT I Q1 2025 12 Acquisitions Company/unit Closing date Revenues,$in millions1 No.of employees 2025 Electrification Siemens Wiring Accessories 3-Mar 150 360 Electrification Sensorfact 3-Feb 15 260 Electrification Coulomb Inc.13-Jan 2 30 2024 Electrification Solutions Industry&Building(S

107、IB)2-Dec 27 100 Process Automation Dr.Fdisch Umweltmesstechnik AG 1-Oct 53 250 Electrification SEAM Group 31-Jul 90 250 Process Automation DTN Europe 3-Jun 14 84 Acquisitions and divestments,last twelve months ABB Group Q1 2024 Q2 2024 Q3 2024 Q4 2024 FY 2024 Q1 2025 EBITDA,$in million 1,418 1,578 1

108、,503 1,374 5,873 1,763 Return on Capital Employed,%20.5 21.3 22.0 22.4 22.4 23.0 Net debt/Equity 0.16 0.18 0.15 0.09 0.09 0.10 Net debt/EBITDA 12M rolling 0.4 0.4 0.4 0.2 0.2 0.2 Net working capital 3,497 3,516 3,512 2,739 2,739 3,371 Trade net working capital 4,818 4,825 4,931 4,428 4,428 4,664 Ave

109、rage trade net working capital as a%of revenues 16.1%15.6%15.1%14.6%14.6%14.4%Earnings per share,basic,$0.49 0.59 0.51 0.54 2.13 0.60 Earnings per share,diluted,$0.49 0.59 0.51 0.53 2.13 0.60 Dividend per share,CHF n.a.n.a.n.a.n.a.0.90 n.a.Share price at the end of period,CHF 41.89 49.92 48.99 49.07

110、 49.07 45.22 Number of employees(FTE equivalents)108,700 109,390 109,970 109,930 109,930 110,970 No.of shares outstanding at end of period(in millions)1,851 1,849 1,843 1,838 1,838 1,833 Additional figures Divestments Company/unit Closing date Revenues,$in millions1 No.of employees 2024 E-mobility I

111、nCharge Energy Inc(share transfer)30-Nov 100 n.a.Electrification Part of ELIP cable tray business to JV 1-Nov 65 110 Electrification Service repair shops in US/CA 30-Aug 35 115 E-mobility Numocity 30-Jun 5 56 Note:comparable growth calculation includes acquisitions and divestments with revenues of g

112、reater than$50 million.1 Represents the estimated revenues for the last fiscal year prior to the announcement of the respective acquisition/divestment unless otherwise stated.Additional 2025 guidance($in millions,unless otherwise FY 20251 Q2 2025 Corporate and Other Operational EBITA2(200)(75)from(3

113、00)Non-operating items Acquisition-related amortization(180)(55)Restructuring and related3(250)(60)ABB Way transformation(150)(50)($in millions,unless otherwise stated)FY 2025 Finance net 40 Effective tax rate 25%4 Capital Expenditures(900)1 Excludes one project estimated to a total of$100 million,t

114、hat is ongoing in the non-core business.Exact exit timing is difficult to assess due to legal proceedings etc.2 Excludes Operational EBITA from E-mobility business.3 Includes restructuring and restructuring-related as well as separation and integration costs.4 Excludes the impact of acquisitions or

115、divestments or any significant non-operational items.ABB INTERIM REPORT I Q1 2025 13 This press release includes forward-looking information and statements as well as other statements concerning the outlook for our business,including those in the sections of this release titled“CEO summary,”“Outlook

116、,”“Sustainability”and“Additional 2025 guidance”.These statements are based on current expectations,estimates and projections about the factors that may affect our future performance,including global economic conditions and the economic conditions of the regions and industries that are major markets

117、for ABB.These expectations,estimates and projections are generally identifiable by statements containing words such as“anticipates,”“expects,”“estimates,”“intends,”“plans,”“targets,”“guidance,”or similar expressions.However,there are many risks and uncertainties,many of which are beyond our control,

118、that could cause our actual results to differ materially from the forward-looking information and statements made in this press release and which could affect our ability to achieve any or all of our stated targets.These include,among others,business risks associated with the volatile global economi

119、c environment and political conditions,market acceptance of new products and services,changes in governmental regulations and currency exchange rates.Although ABB Ltd believes that its expectations reflected in any such forward looking statement are based upon reasonable assumptions,it can give no a

120、ssurance that those expectations will be achieved.The Q1 2025 results press release and presentation slides are available on the ABB News Center at and on the Investor Relations homepage at will be able to join a conference call at 9:00 a.m.CET.A conference call and webcast for analysts and investor

121、s is scheduled to begin at 10:00 a.m.CET.To pre-register for the conference call or to join the webcast,please refer to the ABB website: recorded session will be available after the event on ABBs website.Important notice about forward-looking information For additional information please contact:Med

122、ia Relations Phone:+41 43 317 71 11 Email: Investor Relations Phone:+41 43 317 71 11 Email: ABB Ltd Affolternstrasse 44 8050 Zurich Switzerland Q1 results presentation on April 17,2025 ABB is a global technology leader in electrification and automation,enabling a more sustainable and resource-effici

123、ent future.By connecting its engineering and digitalization expertise,ABB helps industries run at high performance,while becoming more efficient,productive and sustainable so they outperform.At ABB,we call this Engineered to Outrun.The company has over 140 years of history and around 110,000 employees worldwide.ABBs shares are listed on the SIX Swiss Exchange(ABBN)and Nasdaq Stockholm(ABB) Financial calendar 2025 July 17 Q2 2025 results October 16 Q3 2025 results November 18 Capital Markets Day in New Berlin,United States