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2016-02-03

ABB: ABB: increased profitability in challenging markets

Full-year 2015 Summary:

? Next Level strategy delivering positive results

? Orders and revenues stable1 1,2 order backlog up 5%

? Operational EBITA margin up 60 bps to 11.8%

? Operational earnings per share2 +5% (constant currency)

? Cash return on invested capital2 up 70 bps to 13.4%; free cash flow
+16%2, 3

? Power Systems `step change1 delivers strong financial turnaround in
2015

? 7th consecutive dividend increase to CHF 0.74 per share proposed

? 4 new Board members proposed for election at the next annual general
meeting

Q4 Summary:

? Orders (-2%) reflect challenging market conditions; base orders -6%

? Operational EBITA margin up 60 bps to 11.7%

? Power Systems reached target margin corridor; strategic portfolio
review of Power Grids on track

? Accelerated productivity and cost out measures in white collar,
supply chain and operational excellence

? Net income of $204mn including a total $496mn restructuring and
related expenses

? Cash flow from operating activities +18%3

Full-year and Q4 financials impacted by currency translation due to
strong appreciation of US dollar

Growth rates for orders, revenues and order backlog on a comparable
basis (local currency adjusted for acquisitions and divestitures),
previously `like-for-like' growth rates US$ growth rates are
presented in Key Figures table

2 For a reconciliation of non-GAAP measures, see "Supplemental
Reconciliations and Definitions" in the attached Q4 2015 Financial
Information

3 Growth rates for cash flow figures are calculated using constant
currency (not adjusted for impacts of changes in the business
portfolio).

Media Relations
Antonio Ligi, Sandra Wiesner
Tel: 41 43 317 7111
media.relations@ch.abb.com

ABB Asea Brown Boveri Ltd
Affolternstrasse 44
8050 Zurich
Switzerland

Investor Relations
Switzerland: Tel. 41 43 317 7111
investor.relations@ch.abb.com

For further information please refer to http://www.abb.com/news

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http://feed.ne.cision.com/client/waymaker1/WOLReleaseFile.aspx?id=339300...
http://mb.cision.com/Main/417/9906771/472032.pdf

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