ABB : Q4 and Full-Year 2020 Results -4-

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 "Short-term outlook". These statements are based on current expectations, estimates and projections about the factors that may affect our future performance, including global economic conditions, the economic conditions of the regions and industries that are major markets for ABB. These expectations, estimates and projections are generally identifiable by statements containing words such as "expects," "estimates," "plans", "targets" or similar expressions. However, there are many risks and uncertainties, many of which are beyond our control, 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. The important factors that could cause such differences include, among others, business risks associated with the volatile global economic environment and political conditions, costs associated with compliance activities, market acceptance of new products and services, changes in governmental regulations and currency exchange rates and such other factors as may be discussed from time to time in ABB Ltd's filings with the U.S. Securities and Exchange Commission, including its Annual Reports on Form 20-F. Although ABB Ltd believes that its expectations reflected in any such forward-looking statement are based upon reasonable assumptions, it can give no assurance that those expectations will be achieved.

Zurich, February 4, 2021

Björn Rosengren, CEO

 
_________________________ 
(1) For a reconciliation of non-GAAP measures, see "supplemental 
reconciliations and definitions" in the attached Q4 2020 Financial 
Information. 
(2) EPS growth rates are computed using unrounded amounts. Comparable 
operational earnings per share is in constant currency (2019 exchange rates 
not adjusted for changes in the business portfolio) 
(3) Constant currency (not adjusted for portfolio changes). 
(4) Amount represents total for both continuing and discontinued operations. 
(5) Large orders, defined as orders >$15 million 
(6) The settlement does not cover regulatory proceedings outside South Africa, 
which are currently not estimable. 
(7) Maximum 10 percent of the company's issued share capital, including 
treasury shares. 
(8) Excluding book gain from the sale of Power Grids. 
 
 

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    SOURCE: ABB 
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02-04-21 0101ET