Highlights

Solar plant (photo)

Solid performance in a challenging market Record revenues, higher operating profits and earnings per share despite continued economic uncertainty

Acquisition integration on track Integration of two biggest acquisitions, Baldor and Thomas & Betts, is well on target in terms of cost synergies

Power Products division continues to lead the sector in profitability

Improved customer satisfaction Proportion of customers saying they would recommend ABB to others rises to 35% compared with 29% in 2012

Attractive returns to shareholders via 5th consecutive dividend increase*

* proposed by Board of Directors

Service orders continue to outperform the rest of the business

Good execution on costs Strong performance again on cost savings and cash conversion

Innovation Steady flow of product innovations across the divisions; recognized as one of the world’s top 50 innovators by MIT

Electric mobility Position in electric-vehicle charging market strengthened by important new orders in China, the Netherlands, and Denmark

Expansion Strategic acquisitions, such as Power-One, strengthen offering in key segments and markets; new factories expand export base in emerging markets

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Total ABB Group ($ millions unless otherwise indicated)

 

2013

2012

(1)

Please refer to the "Investor information" section and to the “Supplemental Financial Information” on our website for a definition of operational EBITDA, free cash flow and cash return on invested capital.

Orders

38,896

40,232

Revenues

41,848

39,336

Income from operations

4,387

4,058

as % of revenues

10.5%

10.3%

Operational EBITDA(1)

6,075

5,555

as % of operational revenues

14.5%

14.2%

Net income (attributable to ABB)

2,787

2,704

Basic earnings per share ($)

1.21

1.18

Dividend per share in CHF (proposed)

0.70

0.68

Cash flow from operating activities

3,653

3,779

Free cash flow(1)

2,632

2,555

as % of net income

94%

94%

Cash return on invested capital(1)

11.6%

12.1%

Number of employees

147,700

146,100

Revenues 2013 by division (unconsolidated)
Revenues 2013 by division (unconsolidated) (pie chart)
Operational EBITDA 2013 by division
Employees 2013 (pie chart)
Employees 2013
Emerging vs mature market orders 2013 (pie chart)
Orders 2013 by region
Operational EBITDA 2013 by division (pie chart)
Emerging vs mature market orders 2013
Orders 2013 by region (pie chart)
Dividend payout 2005 – 2013 (CHF per share)
Dividend payout 2005 – 2013 (CHF per share) (bar chart)

(*proposed)