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    Alexander Virgo • Bank of America

    Alexander Virgo's questions to ABBNY leadership

    Alexander Virgo's questions to ABBNY leadership • Q1 2025

    Question

    Alexander Virgo from Bank of America Merrill Lynch questioned the drivers behind the strong Q2 growth guidance for the Electrification segment and asked for an update on the margin gap between its North American business and the rest of the world.

    Answer

    CEO Morten Wierod explained the confident Q2 outlook is due to some revenue shifting from Q1 and a record-high order book. He confirmed the North American margin remains dilutive but stated the gap is narrowing. CFO Timo Ihamuotila added that all business areas are expected to show operational improvement for the full year.

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    Alexander Virgo's questions to ABBN.SW leadership

    Alexander Virgo's questions to ABBN.SW leadership • Q1 2025

    Question

    Alexander Virgo of Bank of America Merrill Lynch asked for details on the drivers behind the strong Q2 growth guidance for the Electrification segment and whether the historical margin gap between North America and the rest of the world is closing.

    Answer

    CEO Morten Wierod attributed the strong Q2 outlook to some revenue shifting from Q1 and a record-high order book. He confirmed that while the North American margin is still dilutive, the gap is narrowing, and all business areas are expected to improve margins for the full year. CFO Timo Ihamuotila also provided context on corporate cost impacts.

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    Alexander Virgo's questions to Abb Ltd (ABLZF) leadership

    Alexander Virgo's questions to Abb Ltd (ABLZF) leadership • Q1 2025

    Question

    Alexander Virgo from Bank of America Merrill Lynch asked for the drivers behind the strong low-double-digit Q2 growth guidance for Electrification and whether the margin gap between North America and the rest of the world is closing.

    Answer

    CEO Morten Wierod explained the Q2 growth is supported by revenue slippage from Q1 and a record-high order book. He confirmed the North American margin is still dilutive but the gap is narrowing, and all business areas are expected to improve margins for the full year. CFO Timo Ihamuotila added details on corporate cost impacts.

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    Alexander Virgo's questions to Abb Ltd (ABLZF) leadership • Q4 2024

    Question

    Alexander Virgo from Bank of America sought clarification on the 2025 margin improvement guidance, questioning why it was described as a 'nudge' given several positive drivers like higher gross margins, pricing tailwinds, and the Robotics recovery.

    Answer

    Executive Ann-Sofie Nordh explained that a favorable corporate cost level in 2024 creates a 40 basis point headwind for 2025, and a negative mix from the Robotics recovery is also a factor. CEO Morten Wierod affirmed the goal is to set a new record performance in 2025, improving upon the 18.1% margin achieved in 2024.

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