Q4 2024 Abb Ltd Earnings Call Transcript

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Jan 30, 2025

Jan 30, 2025 / 09:00AM GMT
Ann-Sofie Nordh - Abb Ltd - Head of Investor Relations

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, will you kick it off?

Morten Wierod - Abb Ltd - President and Chief Executive Officer

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

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