Home News ABB Ltd. (ABBNY) Q4 2024 Earnings Conference Call Transcript
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ABB Ltd. (ABBNY) Q4 2024 Earnings Conference Call Transcript

by biztrendz

ABB Ltd. (OTCPK:ABBNY) Q4 2024 Earnings Conference Call January 30, 2025 4:00 AM ET

Company Participants

Ann-Sofie Nordh – Head of IR
Morten Wierod – CEO
Timo Ihamuotila – CFO

Conference Call Participants

Martin Wilkie – Citi
Alex Virgo – BofA
Will Mackie – Kepler Cheuvreux
Max Yates – Morgan Stanley
James Moore – Redburn
Daniela Costa – Goldman
Ben Uglow – Oxcap Analytics
Andre Kukhnin – UBS
Joe Giordano – Cowen
Sebastian Kuenne – RBC Capital Markets
Gael De-Bray – Deutsche Bank

Ann-Sofie Nordh

Greetings to you all and welcome to this presentation of ABB’s fourth quarter results. I have our CEO, Morten Wierod, and our CFO, Timo Ihamuotila, here next to me. And I’m Ann-Sofie Nordh, Head of Investor Relations.

Morten and Timo will take you through the results presentation, after which we’ll open for Q&A. So with that said, and without further ado, Morten, would you kick it off?

Morten Wierod

Thanks, Ann-Sofie, and a warm welcome also from my side.

Let’s start by taking a look at the full year 2024, which was a new record year for us in many ways. We improved on most of our financial headlines, and on the sustainability side, one of the highlights was to get our Scope 1, 2, and 3 targets approved by the SBTi.

Taking a high-level markets perspective, I would say it was a continued, robust trading environment in three out of our four business areas. Orders in our short-cycle businesses improved in the mid-single digit range, which offset the impact from large orders softening from last year’s high level. Electrification was the big growth engine, and I think it is fair to say that both Robotics and Discrete Automation, as well as E-mobility, fared worse than what we originally expected. From here on, these two should be less of a drag on Group performance.

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