ABB (ABB) AGM 2025 summary

Opening remarks and agenda

• AGM held in Zurich on March 27, 2025; 673 shareholders attended, with 64.74% of share capital represented.

• Formal opening, confirmation of statutory compliance, and explanation of safety and voting procedures.

• Welcome extended to shareholders, board members and the executive committee, with recognition of outgoing and incoming board members.

Financial performance review

• 2024 was another record year, with an 18.1% EBITDA margin near the upper end of the target range and $3.9 billion in free cash flow.

• Electrification comparable orders rose 10%, with a record margin.

• Three of four business areas had stable to positive trading; robotics normalized after pre-buys.

Board and executive committee updates

• Peter Voser was confirmed as Chairman; Claudia Nemat was elected to the Board and Lars Förberg did not stand for re-election after eight years.

• David Constable, Frederico Fleury Curado, Johan Forssell, Denise C. Johnson, Jennifer Xin-Zhe Li, Geraldine Matchett, David Meline and Mats Rahmström were re-elected.

• CEO transition to Morten Wierod was described as smooth, with strong results in his first eight months.