Preliminary results for first quarter 2021:

($ millions, Change
unless otherwise indicated)
Q1 2021 Q1 2020 US$ Comparable[1]
Orders ~7,750 7,346 ~+6% ~+1%
Revenues ~6,900 6,216 ~+11% ~+7%
Operational EBITA[2], % ~13.5% 10.2% ~+330 pts
 

On the back of recent market developments, ABB is raising its revenue guidance for full year 2021 outlook and now anticipates comparable revenue growth of ~5% or higher (previously: comparable revenue growth to be broadly in line with its long-term target range), including an anticipated recovery in the process industry related part of the business during the second half of the year.

ABB will publish its full first quarterly results on Tuesday, April 27, 2021 at 07:00 a.m. CEST. Prior to that, the company will not provide additional information on its financial results for the period.

This is information that ABB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 06:45 a.m. CEST on April 15, 2021.

[1]Comparable growth rates presented above primarily exclude impacts on reported growth from changes in exchange rates. For a definition of Comparable growth rates see the Q4 and full-year 2020 "Financial Information" under "Quarterly results and annual reports" on our website at www.abb.com/investorrelations.

[2] For a definition of the operational EBITA see the Q4 and full-year 2020 "Financial Information" under "Quarterly results and annual reports" on our website at www.abb.com/investorrelations.