ABB: Progress in Challenging Markets

Regulatory News:

First-quarter highlights

• Profitability and cash flow up through execution of Next Level strategy
• Base orders steady[1] (http://connect.ne.cision.com#_ftn1) [2] (http://connect.ne.cision.com#_ftn2), total orders -7% reflect challenging Q1 2015 comparison
• Revenues -2% on lower short-cycle volumes and timing of order backlog
• Operational EBITA margin2 up 0.9 percentage points to 12.0%
• Power Grids in target margin corridor; strategic portfolio review of Power Grids on track
• Operational earnings per share2 +3%[3] (http://connect.ne.cision.com#_ftn3)
• Cash flow from operating activities up approximately $200 million
• Financials impacted by currency translation due to appreciation of US dollar

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[1] (http://connect.ne.cision.com#_ftnref1) 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] (http://connect.ne.cision.com#_ftnref2) For a reconciliation of non-GAAP measures, see "Supplemental Reconciliations and Definitions” in the attached Q1 2016 Financial Information

[3] (http://connect.ne.cision.com#_ftnref3) EPS growth rates are computed using unrounded amounts. Comparable operational earnings per share is in constant currency (2014 exchange rates and not adjusted for changes in the business portfolio)

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