ABB Delivers Growth in Fourth Quarter

CH- BADEN, Sweden, Feb 08, 2017 /PRNewswire/ --

Fourth quarter highlights

• 3% orders growth driven by large contract awards
• 9% orders growth in the United States and China
• Revenues up 1%
• Power Grids strong growth in orders (up 15%) and revenues (up 4%); Op EBITA margin increased to 10.4%
• Operational EBITA margin 11.7% impacted by default of a large distributor in Turkey and Egyptian currency losses
• Net Income $489 mn versus $204 mn in Q4 2015

Full year 2016 highlights

• Operational EBITA margin up 50 bps to 12.4%
• Operational earnings per share2 up 4%
• Orders -5% and revenues -1
• Successful launch of ABB AbilityTM – integrating and expanding digital offering
• Cash return on invested capital up 70 bps to 14.1%; free cash flow up 5%
• Cost savings and working capital programs progressing
• 8th consecutive dividend increase to CHF0.76 per share proposed

[1] Growth rates for orders, revenues and order backlog are on a comparable basis (local currency adjusted for acquisitions and divestitures), previously referred to as 'like-for-like'. 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 2016 Financial Information

CONTACT:

Media Relations
Tel: 41-43-317-6568
media.relations@ch.abb.com

Investor Relations
Tel. 41-43-317-71-11
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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