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] (http://connect.ne.cision.com#_ftn1)
[2] (http://connect.ne.cision.com#_ftn2), total orders -7% reflect challenging
Q1 2015 comparison
  · Revenues -2% on lower short-cycle volumes and timing of order backlog
  · Operational EBITA margin2 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 share2 +3%[3] (http://connect.ne.cision.com#_ftn3)
  · Cash flow from operating activities up approximately $200 million
  · Financials impacted by currency translation due to appreciation of US dollar

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[1] (http://connect.ne.cision.com#_ftnref1) Growth rates for orders, revenues
and order backlog are on a comparable basis (local currency adjusted for
acquisitions and divestitures), previously referred to as ‘like-for-like’. US$
growth rates are presented in Key Figures table

[2] (http://connect.ne.cision.com#_ftnref2) For a reconciliation of non-GAAP
measures, see “Supplemental Reconciliations and Definitions” in the attached Q1
2016 Financial Information

[3] (http://connect.ne.cision.com#_ftnref3) EPS growth rates are computed using
unrounded amounts. Comparable operational earnings per share is in constant
currency (2014 exchange rates and not adjusted for changes in the business
portfolio)
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