ZURICH (dpa-AFX) - ABB Ltd. (ANN.L, ABB), a Swedish-Swiss technology
company, on Thursday reported first-quarter net income attributable of $905
million, down 13 percent from last year's $1.04 billion.

Basic earnings per share fell 12 percent to $0.49 from $0.56 a year ago.
Operational EBITA, however, grew 11 percent to $1.42 billion.

Revenues remained stable at $7.87 billion, compared to prior year's $7.86
billion. Revenues were up 2 percent on a comparable basis, with comparable
growth supported in equal parts by price and volumes.

Orders fell 5 percent to $8.97 billion from last year's $9.45 billion.

Looking ahead for the second quarter, the company anticipates a a mid-single
digit comparable revenue growth year-on-year and the Operational EBITA margin to
be slightly higher than in the first quarter 2024.

In fiscal 2024, ABB continues to expect comparable revenue growth to be about 5
percent. The company now expects operational EBITA margin to be about 18
percent, while previous view was for operational EBITA margin to slightly
improve from the 2023 level of 16.9 percent.

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