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    Andre Kukhnin • UBS

    Andre Kukhnin's questions to ABBNY leadership

    Andre Kukhnin's questions to ABBNY leadership • Q1 2025

    Question

    Andre Kukhnin from UBS asked about the impact of U.S. tariffs, questioning if ABB has implemented responsive pricing actions and how deeply they have analyzed their suppliers' geographical sourcing to mitigate risks.

    Answer

    CEO Morten Wierod stated that 75-80% of U.S. sales are covered by local production with minimal direct import from China, mitigating direct tariff impact. He confirmed pricing actions were taken for raw material tariffs and that supplier exposure is understood and managed. CFO Timo Ihamuotila added that the primary risk is broader economic uncertainty, which has been factored into the company's guidance.

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    Andre Kukhnin's questions to ABBN.SW leadership

    Andre Kukhnin's questions to ABBN.SW leadership • Q1 2025

    Question

    Andre Kukhnin of UBS asked about the company's response to U.S. tariffs, including any pricing actions taken and details on the 'U.S. for U.S.' supply chain, including exposure to suppliers sourcing from China.

    Answer

    CEO Morten Wierod explained that ABB has minimal direct imports from China to the U.S. and benefits from USMCA exemptions, limiting direct tariff impact. He confirmed price actions were taken for raw material tariffs and that supplier exposure is understood and mitigated. CFO Timo Ihamuotila added that the primary risk is broader economic uncertainty, which is factored into the company's guidance.

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    Andre Kukhnin's questions to Abb Ltd (ABLZF) leadership

    Andre Kukhnin's questions to Abb Ltd (ABLZF) leadership • Q1 2025

    Question

    Andre Kukhnin from UBS asked about ABB's response to U.S. tariffs, including any pricing actions taken and the resilience of its 'U.S. for U.S.' supply chain, including potential price increases from suppliers.

    Answer

    CEO Morten Wierod stated that ABB has minimal import exposure from China to the U.S. and benefits from the USMCA agreement. He confirmed price actions were taken for steel/aluminum tariffs and that the company has mitigated China exposure in its supply chain. CFO Timo Ihamuotila added that the main risk is economic uncertainty, which is factored into the guidance.

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    Andre Kukhnin's questions to Abb Ltd (ABLZF) leadership • Q4 2024

    Question

    Andre Kukhnin from UBS asked for more detail on the 'ABB Way' program's contribution to 2024 margins and the scope of the opportunity to push accountability further down into the business units.

    Answer

    CEO Morten Wierod explained that the ABB Way involves creating ~80 business lines to drive ownership and resilience, with 75% of revenue focused on growth and 25% on profitability improvement. While he found it hard to quantify the exact basis point contribution, he stated it is a critical part of the company's margin improvement journey and builds resilience by ensuring underperforming units take action quickly.

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