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2022-07-21

ABB: Q2 2022 results: Strong demand and good operational performance

Ad hoc Announcement pursuant to Art. 53 Listing Rules of SIX Swiss Exchange

ZURICH, SWITZERLAND, July 21, 2022

  • Orders $8.8 billion, +10%; comparable[1] +20%
  • Revenues $7.3 billion, -3%; comparable +6%
  • Income from operations $587 million; margin 8.1%
  • Operational EBITA[1] $1,136 million; margin[1] 15.5%
  • Basic EPS $0.20; -47%[2]
  • Cash flow from operating activities $382 million

[][][][][][][][][]
KEY FIGURES
CHANGE CHANGE
($ millions, Q2 Q2 US$ Comparable[1] H1 H1 US$ Comparable[1]
unless 2022 2021 2022 2021
otherwise
indicated)
Orders 8,807 7,989 10% 20% 18,180 15,745 15% 24%
Revenues 7,251 7,449 -3% 6% 14,216 14,350 -1% 7%
Gross Profit 2,290 2,508 -9% 4,571 4,776 -4%
as % of 31.6% 33.7% -2.1 32.2% 33.3% -1.1
revenues pts pts
Income from 587 1,094 -46% 1,444 1,891 -24%
operations
Operational 1,136 1,113 2% 9%[ 3 ] 2,133 2,072 3% 9%[ 3 ]
EBITA[1]
as % of 15.5% 15.0% +0.5 14.9% 14.4% +0.5
operational pts pts
revenues[1]
Income from 406 789 -49% 1,049 1,340 -22%
continuing
operations, net
of tax
Net income 379 752 -50% 983 1,254 -22%
attributable to
ABB
Basic earnings 0.20 0.37 -47%[2] 0.51 0.62 -18%[2]
per share ($)
Cash flow from 382 663 -42% (191) 1,206 n.a.
operating
activities[4]
Cash flow from 385 663 -42% (179) 1,186 -115%
operating
activities in
continuing
operations

For a
reconciliation
of non-GAAP
measures, see
"supplemental
reconciliations
and
definitions" in
the attached Q2
2022 Financial
Information.
EPS growth
rates are
computed using
unrounded
amounts.
Constant
currency (not
adjusted for
portfolio
changes).
Amount
represents
total for both
continuing and
discontinued
operations.

"I am pleased with our performance and that we have taken yet another step toward our long-term margin target. I am also delighted that we are moving ahead with the spin-off of Accelleron and its planned listing in Switzerland."

Björn Rosengren, CEO

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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