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

ZURICH, SWITZERLAND, October 21, 2021

** Orders $7.9 billion, +29%; comparable1 +26%
** Revenues $7.0 billion, +7%; comparable +4%
** Income from operations $852 million; margin 12.1%
** Operational EBITA1 $1,062 million; margin1 15.1%
** Basic EPS $0.33; -85%2
** Cash flow from operating activities was $1,104 million and from operating activities in continuing operations it was $1,119 million

KEY FIGURES
CHANGECHANGE
($ millions, unless otherwise indicated)Q3 2021Q3 2020US$Comparable19M 20219M 2020US$Comparable1
Orders 7,866 6,109 29% 26% 23,611 19,509 21% 16%
Revenues 7,028 6,582 7% 4% 21,378 18,952 13% 8%
Gross Profit 2,294 1,834 25%7,070 5,731 23%
as % of revenues 32.6% 27.9% +4.7 pts33.1% 30.2% +2.9 pts
Income from operations 852 71 n.a.2,743 1,015 170%
Operational EBITA1 1,062 787 35% 32% 3 3,134 2,074 51% 43% 3
as % of operational revenues1 15.1% 12.0% +3.1 pts14.6% 10.9% +3.7 pts
Income (loss) from continuing operations, net of tax 687 (503) n.a.2,027 218 830%
Net income attributable to ABB 652 4,530 -86%1,906 5,225 -64%
Basic earnings per share ($) 0.33 2.14 -85%20.95 2.45 -61%2
Cash flow from operating activities4 1,104 408 171%2,310 511 352%
Cash flow from operating activities in continuing operations 1,119 398 181%2,305 650 255%
1 For a reconciliation of non-GAAP measures, see "supplemental reconciliations and definitions" in the attached Q3 2021 Financial Information.
2 EPS growth rates are computed using unrounded amounts.
3 Constant currency (not adjusted for portfolio changes).
4 Amount represents total for both continuing and discontinued operations.

"In the face of a difficult supply chain environment, I am pleased that we achieved a good margin this quarter. Our cash generation was very strong, leaving ample headroom on our balance sheet to support both organic growth and acquisitions as well as rewarding shareholders."
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

http://publish.ne.cision.com//Release/ViewReleaseHtml/889C2C3B034EFE44E0C856B0705FC7D6

https://mb.cision.com/Main/417/3437252/1484015.pdf

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