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

ZURICH, SWITZERLAND, July 21, 2022

** Orders $8.8 billion, +10%; comparable1 +20%
** Revenues $7.3 billion, -3%; comparable +6%
** Income from operations $587 million; margin 8.1%
** Operational EBITA1 $1,136 million; margin1 15.5%
** Basic EPS $0.20; -47%2
** Cash flow from operating activities $382 million

KEY FIGURES
CHANGECHANGE
($ millions, unless otherwise indicated)Q2 2022Q2 2021US$Comparable1H1 2022H1 2021US$Comparable1
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 revenues 31.6% 33.7% -2.1 pts32.2% 33.3% -1.1 pts
Income from operations 587 1,094 -46%1,444 1,891 -24%
Operational EBITA1 1,136 1,113 2% 9% 3 2,133 2,072 3% 9% 3
as % of operational revenues1 15.5% 15.0% +0.5 pts14.9% 14.4% +0.5 pts
Income from continuing operations, net of tax 406 789 -49%1,049 1,340 -22%
Net income attributable to ABB 379 752 -50%983 1,254 -22%
Basic earnings per share ($) 0.20 0.37 -47%20.51 0.62 -18%2
Cash flow from operating activities4 382 663 -42%(191) 1,206 n.a.
Cash flow from operating activities in continuing operations 385 663 -42%(179) 1,186 -115%
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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