Sebastian Kuenne's questions to Abb Ltd (ABLZF) leadership • Q4 2024
Question
Sebastian Kuenne of RBC Capital Markets asked about the E-mobility business, its significant operating loss, and the expected improvement trajectory for 2025, particularly regarding performance in the first half of the year.
Answer
CEO Morten Wierod acknowledged E-mobility was a 'big drag' in 2024 but said new, competitive charger products will drive a turnaround. He expects sequential improvement in 2025 as losses decrease quarter-by-quarter. Executive Ann-Sofie Nordh added that the total 2025 loss is expected to be about half of 2024's, with the improvement being back-end loaded.