Final Results

ABB Ltd
13 February 2001




ABB Media Relations                           ABB Investor Relations
Thomas Schmidt                                Switzerland: Tel. [phone]
Tel: [phone]                           Sweden: Tel. [phone]
Fax: [phone]                           USA: Tel. + 1 203 750 7743
[e-mail]                    [e-mail]


For your business and technology editors


ABB reports improved earnings in 2000, unveils strategy to drive growth

- Earnings before interest and taxes (EBIT) up 23 percent under U.S. GAAP
- Revenues decline 6 percent 
- Orders up 3 percent 
- Customer-centric organization, Industrial IT, and new ventures to drive growth

Zurich, Switzerland, February 13, 2001 - ABB said today that earnings rose 23
percent in 2000 despite a dip in revenues and set out a strategy for sustainable
growth over five years, based on its new customer-centric organization,
continuing expansion in key areas and the broadening of its Industrial IT
offerings across the entire customer base.

'Our continuous shift towards higher-margin businesses and continued cost
reductions helped us improve earnings,' said ABB's President and CEO Jorgen
Centerman. 'But that is not good enough. Revenue development is still well below
our potential. We are now aggressively targeting new ways to deliver more value
to our customers, and are confident that we will generate better top-line and
bottom-line performance.'


US$ in millions, except per share data           2000        1999     Change 1)

U.S. GAAP
 
Orders                                         25,440      24,633         +3%
 
Revenues                                       22,967      24,356         -6%
 
Gross profit                                    5,745       5,899         -3%
 
Earnings before interest and taxes (EBIT)       1,385       1,122        +23%

Income from continuing operations                 881         643        +37%
 
Net Income                                      1,443       1,360         +6%
 
Basic earnings per share (US$)                   4.89        4.59         +7%

Dividend per share (CHF)                         3.00 2)     3.00

EBITDA                                          2,221       1,917        +16%
 

Note: Key figures according to International Accounting Standards (IAS) shown in
Appendix. 

1) In local currencies, orders increased 12%, revenues increased 2% and EBIT    
   increased 38%. 

2) Dividend per share as proposed.


Highlights 2000
Reporting for the first time under U.S. Generally Accepted Accounting
Principles (U.S. GAAP), ABB showed an increase by 23 percent to US$ 1,385
million in EBIT for the full year 2000, compared to the year before.

Sluggish demand in some key markets in 2000 resulted in a 6-percent drop in
revenues to US$ 22,967 million. In local currencies, revenues increased by 2
percent. Income from continuing operations was up 37 percent. Net income was 6
percent higher at US$ 1,443 million (for IAS information, see Appendix).

Other highlights for the year 2000:
-  EBIT and operating margins rose in all segments except Power Transmission
-  Orders in local currencies were up in all segments and all regions, except
   Asia
-  ABB entered the alternative energy market with new technologies, such as wind
   power
-  ABB completed the divestiture of its nuclear power activities and its share
   in ABB ALSTOM POWER

Cash Flow and other key data
ABB's net cash provided by operating activities amounted to US$1,022 million,
down 35 percent from last year (1999: US$ 1,575 million). Net cash used in
investing activities was US$ 1,713 million (1999: US$ 2,036 million). The
difference was covered by net cash from discontinued operations of US$ 949
million (1999: US$ 723 million), representing net proceeds from the sale of the
remaining 50-percent shareholding in ABB ALSTOM POWER and the nuclear power
business in 2000.

Return on equity was 30.6 percent in 2000 (1999: 34.1 percent).

As of December 31, 2000, ABB employed 160,818 people compared to 161,430 at
yearend 1999.

Dividend proposal
The Board of Directors will propose at the Annual General Meeting a dividend of
CHF 3.00 (1999: CHF 3.00). The Board will also propose to buy back six million
ABB Ltd shares, corresponding to approximately CHF 1 billion, for cancellation.

U.S. Listing
As earlier communicated, the company intends to list its shares on the New York
Stock Exchange during the second quarter of 2001.

Outlook 1)
For the full-year 2001, revenues are expected to increase. EBIT, net income from
continuing operations and cash flow from operating activities are expected to be
well above last year's level.
          
ABB is targeting a minimum average revenue growth of 6 percent per year through
2005 (excluding major acquisitions and divestments). EBIT margin is targeted to
increase an average 15 percent per year, reaching 12 percent by 2005. The
company also aims to reduce its cost of capital.

Growth strategy
ABB's strategy for topline and bottom-line growth builds on:
-  The new customer-centric organization
-  The broadening of ABB's Industrial IT offering
-  Expansion in new growth areas

The transformation of ABB along customer lines aims to boost growth by helping
customers become more successful in a business environment of accelerating
globalization, deregulation, consolidation and technology advances.

ABB builds on leading positions across its products and services offerings to
manufacturing and consumer industries, process industries and utilities in more
than 100 countries, and intimate knowledge of its customers' business drivers,
success factors and processes, Centerman said.

'Our number one growth opportunity lies in our existing customer base,'
Centerman said. 'Today some 30 percent of ABB's annual sales come from our 200
top customers alone. So far, they have mostly been sold only one line of ABB's
products. With our new structure, they will have easy access to our entire
range. And even small increases in sales to these customers would mean
substantial growth in volumes, margins and cash flow.

ABB said the organizational transformation into a customer-centric structure
would be self-financed at the divisional level, and not incur any restructuring
charges. The new organization will be implemented in most markets by mid-year
2001.

ABB has created nine Group divisions - seven customer divisions, and two
divisions to drive performance improvements. The Group Transformation division
will simplify organizational structures driven by shared objectives globally as
well as in each local market. The Group Processes division will create and
implement common processes and will also be responsible for the optimal use of
infrastructure.

Four customer divisions - Utilities, Process Industries, Manufacturing and
Consumer Industries, and Oil, Gas and Petrochemicals - will provide end users
with faster arid easier access to the full range of ABB's products, services and
solutions. Two customer divisions - Power Technology Products and Automation
Technology Products - are responsible for an generic products in ABB, and serve
external channel partners, such as wholesalers, distributors, original equipment
manufacturers (OEMs) and system integrators. The Financial Services division
serves both internal and external customers with a full range of financing
solutions.

Instead of multiple ABB product units serving the same customer, often working
with different terms and conditions, customers will be served by dedicated units
representing ABB's total offering of products, systems, services and solutions.

'The cultural change to a fully customer-centric organization is considerable,'
Centerman said.  'In the new Group Transformation division we have senior
managers with broad global experience, knowledge of local markets, customer
needs and the challenges of organizational change. They will ensure that we
retain our market focus during the transformation.'

Industrial IT
ABB is embarking on a Group-wide program to further exploit information
technology and the Internet. The company is creating one single architecture for
its entire range of technologies and services, called Industrial IT.

ABB is making all its own products Industrial IT-enabled, to ensure that the
entire range of its offering can be easily combined to suit customers'
requirements.

With last year's acquisition of U.S. software company SKYVA International, ABB
has the technology to create dedicated online communities linking
manufacturers', suppliers' and customers' business processes. 'This is called
collaborative commerce. It will radically change the way companies operate and
thereby create opportunities to improve productivity and efficiency that we can
as yet barely imagine,' Centerman said.

Overall, the Internet allows the targeted mass customization of information,
products, services and real-time collaboration to suit individual customers'
needs.

New growth areas
A new business area, New Ventures Ltd, has been established to identify and
invest in promising new technologies, business innovations and in new
partnerships. New Ventures will speed up commercialization of ABB's product and
business development, through three units - ABB Industrial IT Venture Capital
Fund, ABB Incubation, and ABB Operational Ventures.

In alternative energy solutions, ABB is working with a broad range of products,
including renewable technologies such as wind power, microturbines and
microgrids for distributed clean electricity generation.

ABB is targeting additional growth in manufacturing and consumer industries,
telecom, logistic automation and the deregulated utility markets.

Managing for value 
With the weighted average cost of capital (WACC) established for individual ABB
businesses in each key market, the company has created an economic yardstick for
measuring the potential value of a business strategy, as well as for allocating
resources and assessing performance.

Going forward, ABB will integrate free cash flow calculations into all of its
business planning, from Group goals for value creation to each individual
business. Overall goals for value creation are translated into value driver
targets, prioritized and broken down into specific actions linked to increasing
value.

ABB has also reoriented its reporting systems to emphasize dynamic,
forward-looking performance measures. Constantly reviewing business performance
against leading indicators of value creation helps managers prioritize their
daily actions.

Rewarding performance
Recognizing that employees who contribute to increased shareholder value should
share in it, ABB's Management Incentive Program rewards performance with stock
options. A key benchmark is cash flow generation on a global performance basis.
In 2001, ABB will extend the principle of rewarding exceptional performance to a
broad base of employees with the planned Employee Share Ownership Program.

Commitment to sustainability
ABB reached a number of environmental and sustainability targets in 2000. The
company also issued a comprehensive social policy, formally recognizing the
importance of social performance management in its corporate strategy.

Segment overview
The ABB Group's reporting currency is the U.S. dollar, which continued to
strengthen against most of ABB's local currencies. The impact of the
strengthened dollar, noted in earlier quarters, continued to unfavorably impact
results throughout 2000.

Automation
                    Local           Nominal            2000          1999

Orders                +4%             -4%             7,821         8,119

Revenues              -2%             -9%             7,465         8,236

EBIT                 +31%            +19%               486           408

EBIT Margin                                             6.5%          5.0%


Customers focused on increasing productivity and profitability by making their
business processes more efficient. Advances in information technology and
software development continued to be key drivers of customer demand.

Regionally, demand was strongest in Asia, Latin America and the Middle East and
somewhat lower in the U.S. Order intake in Europe was flat. Business areas
Automation Power Products and Marine and Turbochargers showed significant order
growth.

Revenues were lower due to several small divestments and a low opening order
backlog in the systems business.

The increase in EBIT reflects cost reductions and efficiency improvements over
the past 12 to 18 months.

Power Transmission
                            Local         Normal           2000        1999

Orders                        +9%           +1%           3,958       3,918

Revenues                      -4%          -11%           3,315       3,712

EBIT                         -10%          -15%             262         309

EBIT Margin                                                 7.9%        8.3%


Privatization and deregulation of electricity markets in the Americas stimulated
demand for grid interconnection projects and associated services needed to
upgrade existing power transmission systems. Demand for complete systems and
applications packages also continued to rise. Orders recovered strongly during
the fourth quarter, led by increased demand for new installations in developing
countries, particularly the Middle East.

A  lower  order intake from Latin America in 1999 resulted in reduced  revenues,
particularly  in  Power Systems and High Voltage Products and Substations.  This
reduction was only partially offset by increased sales in the Service and
Support and Power Transformers businesses.

Reduced revenues and costs associated with capacity reductions pushed EBIT and
the EBIT margin lower.

Power Distribution
                             Local        Nominal          2000         1999

Orders                         +20%         +12%          3,116        2,778

Revenues                        +5%          -2%          2,830        2,875

EBIT                            +5%          +1%            182          181

EBIT Margin                                                 6.4%         6.3%


Increased customer demand in privatized and deregulated electricity markets  for
efficient  power  distribution systems, together  with  new  electrification  in
developing countries, continued to drive order growth. Demand grew substantially
in  the  Americas,  but was up only slightly in Europe, where  deregulation  and
privatization in some countries are less advanced.

Revenues  and EBIT were flat as higher volumes helped to offset price pressures.
Increased  production  efficiency,  reduced product  duplication  and  increased
standardization  allowed our Medium Voltage Equipment business  to  sell  larger
volumes  without  increasing  costs. These  benefits  were  somewhat  offset  by
increased development costs for new technologies.

Oil, Gas and Petrochemicals
                               Local       Nominal          2000        1999

Orders                         +40%         +29%           3,923       3,030

Revenues                        -2%          -9%           2,796       3,086

EBIT                            +8%          +2%             169         165

EBIT Margin                                                  6.0%        5.3%


Demand in both the upstream and downstream markets increased in 2000. Oil prices
recovered and customers renewed investment in both the resource recovery and the
petrochemicals and refining markets. Orders growth was driven by larger orders
with high pass-through, and thereby lower margins.

Revenues, although down for the year, actually recovered during the fourth
quarter as earlier order bookings were realized as sales.

Both EBIT and the EBIT margin increased, reflecting a small capital gain.

Building Technologies

                               Local        Nominal         2000         1999

Orders                          +4%            -6%          6,201       6,630

Revenues                        +4%            -7%          5,889       6,324

EBIT                           +28%           +16%            456         394

EBIT Margin                                                   7.7%        6.2%


With 80 percent of its business in Europe, the translation effect was strongest
in this segment. Demand in Europe was moderate in most sectors, but particularly
strong in the telecommunications and Internet infrastructure market. The North
American economy remained robust, resulting in high demand for low voltage
products and industrial fans. Generally improved economic conditions in Asia,
the Middle East, Africa and South America fuelled increased demand for our
product offerings.

Revenues reflect the discontinuation of the general contracting business and the
divestiture of non-core service workshops. Low Voltage Products and Systems
showed good growth, principally as a result of improved market conditions in
Europe.

Significant increases in the product business, as the result of higher volumes
and improved efficiency, pushed the segment's EBIT and EBIT margin significantly
higher.

Financial Services
                             Local          Nominal        2000         1999

Revenues                      +23%            +17%         1,966       1,687

EBIT                          +12%             +4%           349         337


As the designated center of financial expertise within the Group, Financial
Services actively manages the company's interest rate and foreign exchange
exposures. During the year, short-term interest rates continued to increase
while long-term bond yields declined. Most currencies depreciated strongly
against the U.S. dollar, with the trend only reversing toward the end of the
year.

In 2000, Financial Services revenues increased in almost all business areas.
Earnings rose as a result of higher net interest income from the growing lease
and loan portfolio, ABB's acquisition of a 35 percent stake in Swedish Export
Credit (SEK ), and higher earnings from investments in special-purpose
infrastructure companies. Insurance earnings decreased as a consequence of
reduced investment income and underwriting results. Earnings in Treasury Centers
were higher due to a strong trading performance.

ABB Group Annual Report
The Annual Report will be distributed to shareholders and available at our head
office in Oerlikon, Zurich as of February 27, 2001.

Annual General Meeting and other important dates
The Annual General Meeting of ABB Ltd will be held on Tuesday March 20, 2001 in
Zurich with a live transmission to Vasteras, Sweden. The 2001 quarterly
reporting dates for ABB Ltd are scheduled for April 24, July 24 and October 24.

ABB's annual press conference will be held today at 10:30 Central European time
and broadcast live over the Internet (www.abb.com). Journalists are welcome to
use the email facility to ask questions.

The company will hold its annual meeting for investors and analysts today at
15:00 Central European time. Teleconference callers should dial [phone]
in Europe and [phone] in the U.S.

For questions on technical accounting issues, a telephone meeting will be held
from 07:00 to 07:30 Central European time using the same telephone numbers as
those above.

This press release includes forward-looking information and statements that are
subject to risks and uncertainties that could cause actual results to differ.
These statements are based on current expectations, estimates and projections
about global economic conditions, the economic conditions of the regions and
industries that are major markets for ABB Ltd and ABB Ltd's lines of business.
These expectations, estimates and projections are generally identifiable by
statements containing words such as 'expects', 'believes', 'estimates' or
similar expressions. Important factors that could cause actual results to differ
materially from those expectations include, among others, economic and market
conditions in the geographic areas and industries that are major markets for
ABB's businesses, market acceptance of new products and services, changes in
governmental regulations, interest rates, and fluctuation in currency exchange
rates. Although ABB Ltd believes that its expectations reflected in any such
forward looking statement are based upon reasonable assumptions, it can give no
assurance that those expectations will be achieved.


                                     ABB Ltd
          (U.S. dollar amounts in millions unless otherwise indicated)

Consolidated Income Statement
                                                     Year ended December 31,
                                                   2000       1999       1998
                                                  (in millions, except per
                                                          share data)

Revenues                                         $22,967    $24,356   $ 22,944
Cost of sales                                    (17,222)   (18,457)   (17,204)

Gross profit                                       5,745      5,899      5,740  
Selling, general and administrative expenses      (4,417)    (4,682)    (4,297)
Amortization expense                                (219)      (189)       (75)
Other income (expense), net                          276         94        (42) 
                             
Earnings before interest and taxes                 1,385      1,122      1,326
Interest and dividend income                         565        608        608
Interest expense                                    (644)      (708)      (659)

Income from continuing operations
 before taxes and minority interest                1,306      1,022      1,275
Provision for taxes                                 (377)      (343)      (337)
Minority interest                                    (48)       (36)       (15) 
        
Income from continuing operations                    881        643        923
Income (loss) from discontinued operations,
 net of tax 1)                                       562        717       (441)

Net income                                        $1,443     $1,360     $  482

Weighted average shares outstanding                  295        296        298
Dilutive potential shares                              1          1          -

Diluted weighted average shares outstanding          296        297        298


Basic earnings per share:
  Income from continuing operations               $ 2.99    $  2.17     $ 3.10
  Income (loss) from discontinued operations        1.90       2.42      (1.48)

Net income                                        $ 4.89    $  4.59     $ 1.62


Diluted earnings per share:
  Income from continuing operations               $ 2.97    $  2.17     $ 3.10
  Income (loss) from discontinued operations        1.90       2.41      (1.48)

  Net income                                      $ 4.87    $  4.58     $ 1.62


1) Consists mainly of gains from dispositions of discontinued operations (Power 
   Generation business in 2000 and 1999, Adtranz in 1999), offset by operating  
   losses.


                                     ABB Ltd
          (U.S. dollar amounts in millions unless otherwise indicated)

Consolidated Balance Sheets
                                                             December 31,

                                                           2000        1999
                                                        in millions, except per
                                                              share data)

Cash and equivalents                                     $ 1,397      $ 1,615
Marketable securities                                      4,209        4,771
Receivables, net                                           8,328        7,804
Inventories, net                                           3,192        3,265
Prepaid expenses and other                                 1,585        1,602

Total current assets                                      18,711       19,057

Financing receivables                                      3,875        3,427
Property,  plant  and  equipment,   net                    3,243        3,813
Goodwill and other intangible assets, net                  3,155        2,904
Investments and other                                      1,978        1,377

Total assets                                            $ 30,962     $ 30,578


Accounts payable, trade                                   $3,375       $3,194
Accounts payable, other                                    2,363        2,686
Short-term borrowings and current maturities of
 long-term borrowings                                      3,587        3,367
Accrued liabilities and other                              6,127        6,635

Total current liabilities                                 15,452       15,882

Long-term borrowings                                       3,776        3,586
Pension and other related benefits                         1,790        1,954
Deferred taxes                                             1,528        1,656
Other liabilities                                          2,924        2,912

Total liabilities                                         25,470       25,990

Minority interest                                            321          317

Stockholders' equity:
  Capital stock and additional paid-in capital,
    per value CHF 10, 300,002,358 shares                   2,082        2,071
  Retained earnings                                        4,628        3,716
  Accumulated other comprehensive loss                    (1,122)      (1,031)
  Less:
  Treasury stock, at cost (4,133,233 and 5,452,550
    shares at December 31, 2000 and 1999, respectively)     (417)        (485)

Total stockholders' equity                                 5,171        4,271

Total liabilities and stockholders' equity              $ 30,962      $30,578



                                ABB Ltd
      (U.S. dollar amounts in millions unless otherwise indicated)


Consolidated Statements of Cash Flows

                                                     Year ended December 31,

                                                     2000      1999       1998
                                                            (in millions)
Operating Activities
Income from continuing operations                   $  881     $  643   $  923
Adjustments to reconcile income from continuing
 operations to net cash provided by operating
 activities:
  Depreciation and amortization                        836        795      648
  Restructuring charges                                (73)       (52)      76
Pension and post-retirement benefits                   (57)       (38)     (73)
  Deferred taxes                                       102         10       18
  Net gain from sale of property, plant and
   equipment                                          (247)       (47)    (102)
  Other                                               (119)      (147)    (108)
  Changes in operating assets and liabilities:
    Marketable securities-trading                       10        151     (344)
    Trade receivables                                   77       (328)    (237)
    Inventories                                       (136)        (7)    (901)
    Trade payables                                     266        433      187
    Other assets and liabilities, net                 (518)       162      713

Net cash provided by operating activities            1,022      1,575      800

Investing Activities
Changes in financing receivables                      (833)      (655)    (385)
Purchases of marketable securities (other than
 trading)                                           (2,239)      (973)  (1,043)
Purchases of property, plant and equipment            (553)      (839)    (768)
Acquisitions of businesses (net of cash acquired)     (893)    (1,720)    (271)
Proceeds from sales of marketable securities
  (other than trading)                               2,292      1,307      979
Proceeds from sales of property, plant and equipment   238        488      242
Proceeds from sale of businesses (net of cash
 disposed)                                             275        356      229

Net cash used in investing activities               (1,713)    (2,036)  (1,017)

Financing Activities
Changes in borrowings with maturities of 90 days
 or less                                               609        383       327
Increases in other borrowings                        3,626      3,570     3,266
Repayment of other borrowings                       (4,279)    (4,478)   (2,360)
Treasury and capital stock transactions                244       (165)     (155)
Dividends paid                                        (531)      (503)     (460)
Other                                                  (61)         6       (31)

Net cash provided by (used in) financing activities   (392)    (1,187)      587

Net cash provided by discontinued operations           949        723       741

Effects of exchange rate changes on cash and
 equivalents                                           (84)      (100)       28

Net change in cash and equivalents                    (218)    (1,025)     1,139

Cash and equivalents-beginning of year               1,615      2,640      1,501

Cash and equivalents-end of year                    $1,397     $1,615     $2,640


                               
                                      ABB Ltd
             (U.S. dollar amounts in millions unless otherwise indicated)

Geographic data

                 
                            Orders received                  Revenues

                    2000        1999       1998      2000      1999      1998

Europe            $12,979     $13,875    $13,911   $12,570   $13,893   $13,012
Americas            6,644       5,257      5,374     5,702     5,675     5,134
Asia                2,865       3,094      2,283     2,770     2,763     2,768
Middle East and
 Africa             2,952       2,407      2,167     1,925     2,025     2,030

Total             $25,440     $24,633    $23,735   $22,967   $24,356   $22,944

Orders received and revenues have been reflected in the regions based on the
location of the customer


Segmenta Data


                             Orders received                  Revenues

                      2000        1999       1998      2000      1999      1998

Automation          $ 7,821    $ 8,119    $ 7,024   $ 7,465    $ 8,236  $ 7,045
Power Transmission    3,958      3,918      4,423     3,315      3,712    4,033
Power Distribution    3,116      2,778      2,680     2,830      2,875    2,615
Building Technologies 6,201      6,630      6,464     5,889      6,324    6,385
Oil, Gas and
 Petrochemicals       3,923      3,030      3,319     2,796      3,086    2,856
Financial Services    1,966      1,687      1,653     1,966      1,687    1,653
Corporate/Other      (1,545)    (1,529)    (1,828)   (1,294)    (1,564)  (1,643)

Total               $25,440    £24,633    $23,735   $22,967    $24,356  $22,944


                       EBIT (Operating income)            Depreciation and
                                                            amortization

                      2000        1999       1998      2000      1999      1998

Automation          $  486      $  408     $  461    $  303    $  291    $  164
Power Transmission     262         309        292        96        90       106
Power Distribution     182         181        153        62        59        51
Building Technologies  456         394        379       131       132       141
Oil, Gas and
 Petrochemicals        169         165        167        69        55        49
Financial Services     349         337        410        23        17        13
Corporate/Other       (519)       (672)      (536)      152       151       124

Total              $ 1,385     $ 1,122    $ 1,326     $ 836    $  795    $  648


                          Number of employees

                       2000       1999       1998

Automation            45,226     49,554     43,384
Power Transmission    20,766     22,338     26,927
Power Distribution    17,396     16,378     16,511
Building Technologies 55,560     54,941     53,753
Oil, Gas and
 Petrochemicals       11,549      8,941      8,774
Financial Services     1,125      1,049        894
Corporate/Other        9,196      8,229      9,499

Total                160,818    161,430    159,742



                                 ABB Ltd
      (U.S. dollar amounts in millions unless otherwise indicated)

Quarterly information (unaudited)

                    Quarter 4    Quarter 1   Quarter 2   Quarter 3  Quarter 4
                      1999         2000         2000       2000        2000

Revenues              $ 6,904      $ 5,259     $ 5,809    $ 5,149   $ 6,750
Cost of sales          (5,303)      (3,859)     (4,367)    (3,962)   (5,034)

Gross profit            1,601        1,400       1,442      1,187     1,716
Selling, general and 
  administrative exp   (1,257)      (1,065)     (1,058)    (1,027)   (1,267)
Amortization expense      (44)         (55)        (47)       (52)      (65)
Other income (expense), 
  net                      77           35         139        139       (37)

Earnings before interest 
   and tax                377          315         476        247       347
Interest and dividend 
  income                  132          139         159        129       138
Interest expense         (133)        (154)       (137)      (168)     (185)
Income from continuing 
  operations before taxes 
   and minority interest  376          300         498        208       300
Provision for taxes      (129)         (89)       (149)       (59)      (80)
Minority interest          (6)          (5)        (11)       (17)      (15)

Income from continuing 
  operations              241          206         338        132       205
Income (loss) from 
discontinuing operations, (21)        (151)        699          -        14
net of tax

Net income             $  220      $    55     $ 1,037      $ 132     $ 219

Weighted average 
 shares outstanding       295          295         293        296       296
Dilutive effect of 
potentially dilutive 
 securities                 1            1           2          1         1

Diluted weighted average 
shares outstanding        296          296         295        297       297

Basic earnings per share:
Income from continuing 
  operations           $ 0.82       $ 0.70     $  1.15     $ 0.45    $ 0.69
Income (loss) from 
discontinued
 operations             (0.08)       (0.51)       2.39          -      0.05
Net income             $ 0.74     $   0.19     $  3.54     $ 0.45    $ 0.74

Diluted earnings per share:
Income from continuing 
  operations           $ 0.81     $   0.70     $  1.15     $ 0.44    $ 0.69
Income (loss) from 
 discontinued
 operations             (0.07)       (0.51)       2.37          -      0.05

Net income             $ 0.74       $ 0.19      $ 3.52       0.44    $ 0.74


                                          ABB Ltd
           (U.S. dollar amounts in millions unless otherwise indicated)

Appendix

Financial Statements according to International Accounting Standards
pro-forma, for information purposes only)

                                    Year ended December 31,    Change

                                     2000        1999     2000 vs.    in local
                                    (Unaudited)           1999      currencies

Revenues                             $ 22,544 $  24,216     -7%         +1%
Total Expenses                        (20,585)  (22,356)
Operating earnings after 
 depreciation                           1,959     1,860     +5%        +13%
Financial Net                            (197)     (160)
Income Taxes                             (511)     (508)
Minority Interests                        (40)      (29)
Net income from continuing operations   1,211     1,163     +4%        +13%
Income (loss) from discontinuing 
  operations, net of tax                  496       451
Net income                           $  1,707  $  1,614     +6%        +11%