Ben Uglow • Morgan Stanley

Question 1

Ben Uglow's questions to ABBN.SW leadership • Q1 2025

Apr 17, 2025

Question

Ben Uglow asked for clarification on the future structure of the Machine Automation business, specifically if it will become a separate division within Process Automation.

Answer

CEO Morten Wierod confirmed that Machine Automation will become a separate division within Process Automation. He noted its performance is on a clear path to improvement and it will collaborate on projects across ABB where its PLC and automation solutions are relevant, leveraging synergies with its new home in Process Automation.

Ask Fintool Equity Research AI

Question 2

Ben Uglow's questions to Abb Ltd (ABLZF) leadership • Q4 2024

Jan 30, 2025

Question

Ben Uglow of Morgan Stanley requested a qualitative update on China, asking if there were any 'green shoots' from stimulus measures, particularly within the Electrification, Process, and Motion businesses.

Answer

CEO Morten Wierod described it as 'premature' to see green shoots, characterizing the market as a mix of 'frozen ice and boiling water.' He noted strong growth in utilities and data centers but persistent weakness in construction, which he does not expect to recover in 2025. The overall China market was down 1% in Q4, excluding a robotics backlog adjustment.