ABB Ltd (ABB) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings and welcome to this presentation of ABB's third quarter results. Next to me here is our CEO, Moten Virud, and our CFO, Timo Jammotila. I'm Ansa Finod, head of the investor relations team. Moten and Timo will talk through the results and then we will, as usual, open up for Q&A. And with that said, I hand over to you, Moten, to kick off the presentation. Thanks, Ansi. And welcome also from my side. Summarizing the trading climate in the third quarter, I would say that this was very similar to what we saw in the second quarter. When I talk to our business leaders and when I meet with our customers, there are no material differences in what they say and do. So despite continued news flow and uncertainty related to US tariffs, our customers continue to invest behind electrical power and automation. There are, of course, differences between segments. Some are very strong and some still challenging, and I will come back to these details. But overall, we see good demand for our offering. The high order level with 9% growth is one key highlight in the quarter. Another strong point for me is the free cash flow of $1.6 billion. In total, I'm pleased with the quarter. We keep moving ABB in a positive direction. We improved on virtually all lines of the income statement. Strong revenue growth, improved earnings, margin and EPS. I want to give credit to the team for a job really well done. I also want to mention the robotics announcement. Last week, we informed about our decision to sell the robotics division to SoftBank Group. This is a change from our original plan to spin the business as a separately listed company. But first, let's focus on the quarter and then come back to robotics at the end. So let's look at what drove our orders to increase by a comparable 9%, re...