Highlights of 2015

Increased operational EBITA margin by 60 basis points to 11.8 percent, in a challenging market environment.

Secured landmark orders to connect the Norwegian power grid to those of Germany and the United Kingdom.

Successfully turned around the Power Systems division, which entered its target margin corridor in the fourth quarter.

Took out $1.2 billion in costs by accelerating ongoing savings program that has now delivered annual savings of more than $1 billion for seven consecutive years.

Delivered strong cash performance, with rising free cash flow demonstrating that ABB is moving towards a new cash culture.

Initiated divisional realignment from five divisions to four, to serve our customers in a better, more focused way that delivers additional value.

Returned $3.2 billion in cash to shareholders – an all-time high – through dividend payments and share repurchases. Board proposes seventh consecutive dividend increase.

Launched Stage 2 of Next Level strategy to accelerate the transformation of ABB and drive organic growth.

Total ABB Group ($ in millions unless otherwise indicated)

 

2015

2014

(1)

Refer to the Supplemental information section for definitions

Orders

36,429

41,515

Revenues

35,481

39,830

Income from operations

3,049

4,178

as % of revenues

8.6%

10.5%

Operational EBITA(1)

4,169

4,475

as % of operational revenues(1)

11.8%

11.2%

Net income (attributable to ABB)

1,933

2,594

Basic earnings per share ($)

0.87

1.13

Dividend per share in CHF (proposed)

0.74

0.72

Cash flow from operating activities

3,818

3,845

Free cash flow(1)

3,019

2,857

as % of net income

156%

110%

Cash return on invested capital(1)

13.4%

12.7%

Number of employees

135,800

140,400

Revenues 2015 by division (unconsolidated)
Revenues 2015 by division (unconsolidated) (pie chart)Revenues 2015 by division (unconsolidated) (pie chart)
Service revenues as % of total revenues 2015
Service revenues as % of total revenues 2015 (pie chart)Service revenues as % of total revenues 2015 (pie chart)
Employees by region 2015
Employees by region 2015 (pie chart)Employees by region 2015 (pie chart)

(1) Asia, Middle East and Africa

Orders 2015 by region
Orders 2015 by region (pie chart)Orders 2015 by region (pie chart)
Free cash flow and conversion rate, $ bn and % 2013-2015
Free cash flow and conversion rate (pie chart)Free cash flow and conversion rate (pie chart)
Dividend payout (CHF per share) 2008-2015
Dividend payout 2008-2015 (bar chart)Dividend payout 2008-2015 (bar chart)

(*proposed)