Strong Start to the Year
ABB experienced a strong start to the year with a 5% increase in comparable orders from last year, beating expectations for operational EBITDA margin across all business areas, and achieving a free cash flow of $652 million, positioning them well for the year ahead.
Significant Margin Improvements
Gross margin improved by 280 basis points to 41.7% and operational EBITDA margin reached 20.2% with a notable one-time contribution of 170 basis points.
Electrification Record Orders
The Electrification segment achieved a new all-time high with $4.4 billion in orders, marking a 2% increase on a comparable basis.
Sustainability Achievements
ABB is close to reaching its 2030 sustainability targets with a 78% reduction in CO2 emissions from the 2019 baseline and helped customers avoid 66 megatons of emissions in 2024.
Robust Regional Performance
Growth was seen across all regions: Americas up 11%, Asia, Middle East, and Africa up 4%, with China seeing a positive order growth of 13% after 10 quarters of decline.