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

ZURICH, SWITZERLAND, October 20, 2022

  • Orders $8.2 billion, +4%; comparable1 +16%
  • Revenues $7.4 billion, +5%; comparable +18%
  • Income from operations $708 million; margin 9.6%
  • Operational EBITA1 $1,231 million; margin1 16.6%
  • Basic EPS $0.19; -41%2
  • Cash flow from operating activities $791 million
KEY FIGURES
CHANGECHANGE
($ millions, unless otherwise indicated)Q3 2022Q3 2021US$Comparable19M 20229M 2021US$Comparable1
Orders 8,188 7,866 4% 16% 26,368 23,611 12% 22%
Revenues 7,406 7,028 5% 18% 21,622 21,378 1% 10%
Gross Profit 2,481 2,294 8%7,052 7,070 0%
as % of revenues 33.5% 32.6% +0.9 pts32.6% 33.1% -0.5 pts
Income from operations 708 852 -17%2,152 2,743 -22%
Operational EBITA1 1,231 1,062 16% 27% 3 3,364 3,134 7% 15% 3
as % of operational revenues1 16.6% 15.1% +1.5 pts15.5% 14.6% +0.9 pts
Income from continuing operations, net of tax 420 687 -39%1,469 2,027 -28%
Net income attributable to ABB 360 652 -45%1,343 1,906 -30%
Basic earnings per share ($) 0.19 0.33 -41%20.70 0.95 -26%2
Cash flow from operating activities4 791 1,104 -28%600 2,310 -74%
Cash flow from operating activities in continuing operations 793 1,119 -29%614 2,305 -73%
1 For a reconciliation of non-GAAP measures, see "supplemental reconciliations and definitions" in the attached Q3 2022 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 third quarter, we delivered high order growth, a strong top-line development and a historically high margin. We have not seen any material changes in the underlying customer activity. It looks like we are likely to achieve our 2023 margin target one year early. We are now starting to see the real benefits of the ABB Way operating model."

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/A23EE57E8D092A4FE0C856B0705FC7D6

https://mb.cision.com/Main/417/3651571/1641127.pdf

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