Matthias's questions to Abb Ltd (ABLZF) leadership • Q4 2024
Question
Matthias, via the online tool, asked whether the higher project mix that impacted Electrification margins in Q4 was a temporary event or indicative of a sustained shift in the business.
Answer
CEO Morten Wierod clarified that Q4 was an 'abnormal situation' due to a very strong level of system and project deliveries, which pushed revenues over $4 billion for the first time. He stated this was not a structural change and that the full-year mix is more representative of the business going forward.