Z UR I C H, SW I TZ ER L A N D, JA NUA RY 2 5 , 20 2 4

ABB pre Q4 2023 consensus

ABB Group
Q4 2022 Q4 2023 2022 2023 2024
($ in millions, unless otherwise indicated) 1 2 1 2
Actual Cons. # Actual Cons. # Cons.1 #2
Revenues 7’824 8’105 22 29’446 32’095 22 33’269 22
Operational EBITA 1’146 1’346 22 4’510 5’440 22 5’692 22
Margin (in %) 14.8% 16.6% 22 15.3% 17.0% 22 17.1% 22
Net income 1’132 872 22 2’475 3’696 22 3’797 22
Shares outstanding3 (in mn) 1’870 1’846 22 1’899 1’856 22 1’838 22
Basic EPS (in $) 0.61 0.47 1.30 1.99 2.07

#2
Buy / Overweight / Accumulate 7
Hold / Marketweight / Neutral 13
Sell / Underweight / Reduce 2
No Rating 0

1: Average of submitted estimates

2: Number of contributors to average
3: Shares outstanding estimate exclude analysts not calculating basic EPS based on weighted-average
number of shares outstanding including a share buyback.

Participating analysts (22): Bank of America, BNP Paribas Exane, Carnegie, Cowen, Danske Bank,
Deutsche Bank, DnB Markets, Goldman Sachs, HSBC, Jefferies, J.P. Morgan, Kepler Cheuvreux, Morgan
Stanley, Octavian, Oddo BHF, Pareto Securities, Redburn, Royal Bank of Canada, Societe Generale, Verti-
cal Research Partners, Vontobel and ZKB

This information is provided by ABB for information purposes only and is not intended to constitute invest-
ment advice. Its publication by ABB shall under no circumstances be regarded as a validation, endorsement or
approval by ABB or its management of all or part of these forecasts. It does not represent the opinions, fore-
casts, estimates or forward-looking statements of ABB, or of its management. ABB cannot be held responsible
for any of the information, statement or data contained in or omitted therein. ABB provides no assurance,
guarantee or warranty regarding the accuracy, reliability or completeness of the information contained herein.
—
For more information please contact:

Investor Relations ABB Ltd

Phone: +41 43 317 71 11 Affolternstrasse 44
Email: investor.relations@ch.abb.com 8050 Zurich
Switzerland

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