ABB (ABB) AGM 2025 summary

Opening remarks and agenda

• Warm welcome extended to shareholders, board members, and executive committee, with special recognition for outgoing and incoming board members.

• Formal opening of the AGM, confirmation of statutory compliance, and explanation of safety and voting procedures.

• Attendance recorded electronically, with 673 shareholders present and 64.74% of share capital represented.

Financial performance review

• 2024 marked another record year with an EBITDA margin of 18.1%, near the upper end of the target range.

• Revenues and other financial metrics surpassed previous records; free cash flow reached $3.9 billion.

• Electrification business drove growth with a 10% increase in comparable orders and record margin.

• Three out of four business areas had stable to positive trading; robotics faced normalization after pre-buys.

Board and executive committee updates

• Lars Förberg stepped down after eight years; Claudia Nemat elected as new board member.

• Smooth CEO transition to Morten Wierod, who has delivered strong results in his first eight months.

• Board and executive compensation for 2026 approved, with executive compensation reduced by CHF 1.4 million from prior year.