Restated Financial Data

ABB Ltd
18 September 2001


ABB Media Relations                            ABB Investor Relations
Thomas Schmidt                                 Switzerland: Tel. [phone]
Tel: [phone]                            Sweden: Tel. [phone]
Fax: [phone]                            USA: Tel. [phone]
[e-mail]                     [e-mail]


ABB releases historical figures, increases transparency

Zurich, Switzerland, September 18, 2001 - ABB, the global power and automation 
technology group, today released historical figures restated to reflect its 
customer-centric structure.

ABB President and CEO Jorgen Centerman said the figures, restated from 1999, 
clarified the size and scope of ABB's divisions, establishing a baseline for the
company's financial reporting going forward.

'Restating ABB's historical financing data according to our new organization 
improves transparency by providing a better window on our company and the 
metrics we use to guide our business, and also puts our transformation in 
context,' Centerman said.

'In addition, we are disclosing a separate balance sheet for the Financial 
Services division. This allows better tracking of our industrial and financial 
activities,' Centerman added.

ABB initiated its transformation in January, creating an organization based on 
seven division. Four end-user divisions serve utilities, process industries, 
manufacturing and consumer industries, and the oil, gas and petrochemicals 
sectors. Two divisions serve ABB and external channels with power products and 
automation products. ABB's Financial Services division is unchanged.

ABB's will report its results according to the new divisional organization for 
the first time in its third-quarter announcement on October 24.

ABB (www.abb.com) is a global leader in power and automation technologies that 
enable utility and industry customers to improve their performance while 
lowering their environmental impact. ABB has 160,000 employees in more than 100 
countries.

Division overviews (unaudited)

Please refer to appendix for detailed listing of figures, all of which are 
presented as if the Company's new internal structure and transaction flow had 
been in place for all periods presented. The Consolidated Financial Statements 
for the first half 2001 under the previous structure were already published on 
July 24 and can be viewed on ABB's web site: www.abb.com/investorrelations

EBIT excluding capital gains is shown in footnotes only if the aggregate of 
these capital gains is material (in any case if it is more than 10% of 
divisional EBIT)


Utilities

US$ in millions, except         Jan-Jun      Jan-Jun      Change         Change
where indicated                    2001         2000                   in local
                                                                     currencies

Orders                            3'062        3'411        -10%            -3%
Revenues                          2'551        2'662         -4%             2%
EBIT*                                86          154        -44%           -42%
EBIT Margin                         3.4%         5.8%  

*EBIT excluding capital gains in the first six months of 2000: US$ 117 million

The ABB Utilities division serves electric, gas and water industries - whether 
state-owned or private, global or local, operating in liberalized or regulated 
markets - through a portfolio of capabilities, from essential products to 
comprehensive services and systems. The Utilities division has approximately 
16,000 employees.


Process Industries

US$ in millions, except         Jan-Jun      Jan-Jun      Change         Change
where indicated                    2001         2000                   in local
                                                                     currencies

Orders                            1'900        1'997         -5%             2%
Revenues                          1'570        1'621         -3%             4%
EBIT                                 71           59         20%            28% 
EBIT Margin                         4.5%         3.6% 

The ABB Process Industries division serves the chemical, pharmaceutical, 
petroleum, gas, marine, metals, minerals, mining, cement, pulp, paper and 
printing industries with a variety of power and automation technology products. 
The division has strong domain expertise and uses its automation, power, supply 
chain and service portfolio to create Industrial IT solutions on these 
customers. The division also has approximately 16,000 employees.


Manufacturing and Consumer Industries

US$ in millions, except         Jan-Jun      Jan-Jun      Change         Change
where indicated                    2001         2000                   in local
                                                                     currencies

Orders                            2'465        3'052        -19%           -12% 
Revenues                          2'362        2'512         -6%             1% 
EBIT*                                66           91        -27%           -24% 
EBIT Margin                         2.8%         3.6%    

*EBIT excluding capital gains in the first six months of 2000: US$ 70 million

The ABB Manufacturing and Consumer Industries division sells products, solutions
and services to improve customer productivity and competitiveness in areas like 
automotive industries, telecom, product manufacturing, electronics, airports, 
parcel and cargo distribution, public and commercial buildings. It also provides
air handling solutions for industrial and environmental processes. The division 
employs approximately 32,000 people.


Oil, Gas and Petrochemicals

US$ in millions, except         Jan-Jun      Jan-Jun      Change         Change
where indicated                    2001         2000                   in local
                                                                     currencies

Orders                            1'900        1'991          0%             3% 
Revenues                          1'548        1'212         28%            34% 
EBIT                                 88           65         35%            41%
EBIT Margin                         5.7%         5.4%  

The ABB Oil, Gas and Petrochemicals division focuses on systems, products and 
services for oil and gas drilling both offshore and onshore, and the development
and supply of offshore production installations, refineries and petrochemical 
plants worldwide. The division employs approximately 13,000 people.


Power Technology Products

US$ in millions, except         Jan-Jun      Jan-Jun      Change         Change
where indicated                    2001         2000                   in local
                                                                     currencies

Orders                            2'134        2'206         -3%             2% 
Revenues                          1'814        1'768          3%             9% 
EBIT                                132          141         -6%            -2% 
EBIT Margin                         7.3%         8.0%   

The ABB Power Technology Products division covers the entire spectrum of 
technology for power transmission and power distribution. It includes 
transformers, switchgear, breakers, capacitors, cables as well as other products
and technologies for high-and medium-voltage applications. All products are 
currently developed to fit into a common Industrial IT architecture. The 
increased use of Information Technology (IT), including online product 
configurators, enables ABB Power Technology Products to deliver within best-in-
class cycle times. The division focuses on customers such as industrial, 
commercial, utilities and external channel partners, e.g. distributors, system 
integrators, contractors and OEM's (original equipment manufacturers). It has 
approximately 29,000 employees.


Automation Technology Products

US$ in millions, except         Jan-Jun      Jan-Jun      Change         Change
where indicated                    2001         2000                   in local
                                                                     currencies

Orders                            2'687        2'839         -5%             1% 
Revenues                          2'572        2'544          1%             8% 
EBIT                                219          223         -2%             5%
EBIT Margin                         8.5%         8.8%   

The ABB Automation Technology Products division provides products, systems, 
software and services for the automation and optimization of discrete process 
and batch manufacturing operations plus related business aspects. Key 
technologies include measurement control, instrumentation, process analysis, 
drives and motors, power electronics, robots, and low-voltage products; all 
geared toward one common industrial IT architecture for real-time automation and
information solutions across the business enterprise. These technologies are 
sold both through third-party channels (OEM's systems integrators, distributors)
and through the ABB end-user divisions. It has approximately 43,000 employees.


Financial Services

US$ in millions, except         Jan-Jun      Jan-Jun      Change         Change
where indicated                    2001         2000                   in local
                                                                     currencies

Revenues                          1'019          984          4%             9% 
EBIT                                203          188          8%            17%

The ABB Financial Services division supports its internal and external customers
with innovative financial solutions in structured finance, leasing, project 
development and ownership, financial consulting, insurance and treasury 
activities. The division employs approximately 1,200 people.


Important dates

October 24, 2001                     9 months 2001 results
October 29-30, 2001                  Analyst Days in Zurich
October 29                           Media Briefing in Zurich


Conference call

Details of today's conference call are as follows:

Time:     Conference call begins at        4:00 p.m. CET (Central European Time)
                                           3:00 p.m. UK time
                                           10:00 a.m. EST (Eastern Standard     
                                           Time)

Dial-in:          [phone] (if calling from Europe
                  [phone] (if calling from the US)
                  Please ask to be connected to the conference call

Replay:           [phone] access code: 143 (if calling from Europe)
                  [phone] access code: 143 (if calling from the US)
                  The replay will be available for 72 hours commencing 2 hours  
                  after the conference     

Literature:       Presentation material will be available in.pdf format         
                  on September 18 at 12:00 a.m. CET on 
                  ABB's web site: www.abb.com/investorrelations


Appendix

Division data (unaudited)
Presented according to the new organizational structure of ABB Ltd

             Orders received
                         2001                     2000                  1999
US$ in millions     Jan-     Jan-      Jan-     Jan-     Jan-     Jan-     Jan- 
                     Jun      Mar       Dec      Sep      Jun      Mar      Dec

Utilities          3,062    1,700     6,235    4,710    3,411    1,686    5,981 
Process 
 Industries        1,900    1,055     3,497    2,818    1,997      990    3,525
Manufacturing
 and Consumer
 Industries        2,465    1,337     5,485    4,283    3,052    1,547    6,046
Oil, Gas and 
 Petrochemicals    1,990      961     3,923    3,197    1,991    1,117    3,030
Power Technology 
 Products          2,134    1,105     4,071    3,059    2,206    1,027    3,841
Automation 
 Technology 
 Products          2,687    1,419     5,421    4,184    2,839    1,457    5,622
Financial 
 Services          1,019      479     1,966    1,318      984      453    1,687
Corporate/
 Other 1)         -2,609   -1,270    -5,158   -4,076   -2,833   -1,136   -5,099
Total             12,648    6,786    25,440    19,493  13,647    7,141   24,633


             Revenues
                         2001                     2000                  1999
US$ in millions     Jan-     Jan-      Jan-     Jan-     Jan-     Jan-     Jan- 
                     Jun      Mar       Dec      Sep      Jun      Mar      Dec

Utilities          2,551    1,196     5,473    3,898    2,662    1,288    5,875 
Process 
 Industries        1,570      775     3,339    2,422    1,621      794    3,485
Manufacturing
 and Consumer
 Industries        2,362    1,163     5,225    3,665     2,512    1,184    5,697
Oil, Gas and 
 Petrochemicals    1,548      769     2,796   1,829     1,212      529    3,086 
Power Technology 
 Products          1,814      855     3,662   2,626     1,768      806    3,862 
Automation 
 Technology 
 Products          2,572    1,276     5,175   3,796     2,544    1,242    5,550 
Financial 
 Services          1,019      479     1,966   1,318       984      453    1,687
Corporate/
 Other 1)         -2,337   -1,133    -4,669  -3,337    -2,235   -1,037   -4,886
Total             11,099    5,380    22,967  16,217    11,068    5,259   24,356

1)Corporate/Other includes Corporate/holdings, Group Processes, New Ventures, 
Corporate R&D, service business not specific to other divisions and elimination 
of internal transactions


Division data (unaudited)
Presented according to the new organizational structure of ABB Ltd

             EBIT
                         2001                     2000                  1999
US$ in millions     Jan-     Jan-      Jan-     Jan-     Jan-     Jan-     Jan- 
                     Jun      Mar       Dec      Sep      Jun      Mar      Dec

Utilities 2)          86       40       250      196      154       46      182 
Process 
 Industries           71       35        88       75       59       30      123 
Manufacturing
 and Consumer
 Industries 3)        66       37       205      137       91       40      147 
Oil, Gas and 
 Petrochemicals       88       41       157      101       65       30      165 
Power Technology 
 Products 4)         132       64       244      170      141       54      282 
Automation 
 Technology 
 Products            219      112       464      337      223      101      392 
Financial 
 Services            203       84       349      250      188       84      337 
Corporate/
 Other 1)           -239      -79      -372     -228     -130      -70     -506 
Total 5)             626      334     1,385    1,038      791      315    1,122 

1) Corporate/Other includes Corporate/holdings, Group Processes, New Ventures,  
   Corporate R&D, service business not specific to other divisions and          
   elimination of internal transactions

Aggregate capital gains on divisional level are shown only if they are material,
in any case if they are above 10% of divisional EBIT
2) Contains material capital gains of US$ 37 million in the first 6 months of   
   2000, US$ 46 million in the first 9 months of 2000 and US$ 54 million for    
   the full year 2000   
3) Contains material capital gains of US$ 13 million in the first 3 months of   
   2000, US$ 21 million in the first 6 months of 2000, US$ 21 million in the    
   first 9 months 2000 and US$ 41 million for the full year 2000
4) Contains material capital gains of US$ 30 million for the full year 1999

5) Total capital gains amounted to US$ 180 million in 1999. Total capital gains 
in 2000 were US$ 24 million for the first 3 months, US$ 184 million in the first
6 months, US$ 340 million in the first 9 months and US$ 447 million for the full
year. In the first 3 months of 2001 total capital gains were US$ 2 million and 
in the first 6 months of 2001 they amounted to US$ -6 million.    


Division data (unaudited)
Presented according to the new organizational structure of ABB Ltd

Depreciation & amortization

                         2001                     2000                   1999
US$ in millions     Jan-     Jan-      Jan-     Jan-     Jan-     Jan-     Jan- 
                     Jun      Mar       Dec      Sep      Jun      Mar      Dec

Utilities             36       18        75       50       34       17       68
Process 
 Industries           35       17        73       51       33       17       59 
Manufacturing
 and Consumer
 Industries           25       12        59       41       28       14       66
Oil, Gas and 
 Petrochemicals       37       17        69       45       29       15       55 
Power Technology 
 Products             58       29       123       92       62       31      121
Automation 
 Technology 
 Products            115       61       264      162      121       53      279
Financial 
 Services             12        6        23       17       12        7       17
Corporate/
 Other 1)             66       30       150      117       58       45      130 
Total                384      190       836      575      377      199      795 


                             Capital         Net operating            Number of
                        expenditures              assets 2)           employees
US$ in millions,
except for            2000      1999       2000       1999       2001      2000 
employees          Jan-Dec   Jan-Dec     Dec 31     Dec 31    June 30    Dec 31

Utilities               26        42      1,018        912     16,273    15,826 
Process 
 Industries             27        40        839        795     15,862    15,997 
Manufacturing
 and Consumer
 Industries             33        43        411        634     32,058    33,449 
Oil, Gas and 
 Petrochemicals         30        48        893        554     12,628    11,549 
Power Technology 
 Products              105       162      1,328      1,483     28,709    27,785 
Automation 
 Technology 
 Products              139       190      3,215      3,388     42,693    41,332 
Financial 
 Services               25        47      9,098      7,750      1,209     1,125 
Corporate/
 Other 1)              100        94     -2,170     -2,372     14,406    13,755 
Total                  485       666     14,632     13,144    163,838   160,818

1) Corporate/Other includes Corporate/holdings, Group Processes, New Ventures,  
   Corporate R&D, service business not specific to other divisions and          
   elimination of internal transactions

2) Net operating assets is calculated based upon total assets (excluding cash   
   and cash equivalents, marketable securities, current loans receivable, taxes 
   and deferred charges) less current liabilities (excluding borrowings, taxes, 
   provisions and pension related liabilities)


Balance sheets of ABB Ltd Consolidated, ABB Group and Financial Services 
(unaudited)

In the balance sheet data appearing on this page, 'ABB Ltd Consolidated' means 
the accounts of ABB Ltd and all its subsidiaries presented on the basis of US 
GAAP, with all significant intercompany balances eliminated in consolidation. 
The balance sheet data for 'Financial Services' and 'ABB Group' is reported on 
the same basis as management uses to evaluate segment performance which includes
the following adjustments:

- 'Financial Services' represents the accounts of all subsidiaries in ABB's     
  Financial Services division, with net intercompany balances and certain       
  capital contributions received from other ABB subsidiaries presented on a     
  one-line basis.
- 'ABB Group' represents the accounts of ABB Ltd and all its subsidiaries other 
  than those in ABB's Financial Services division, with net intercompany        
  balances and ABB's investment in its Financial Services division presented on 
  a one-line basis. For the purpose of this presentation, ABB's investment in   
  its Financial Services division is accounted for under the equity method of   
  accounting.

                            ABB Ltd                               Financial
                         Consolidated         ABB Group 1)         Services
                     Jun 30,     Dec 31,   Jun 30,    Dec 31,  Jun 30,   Dec 31,
                       2001        2000      2001      2000      2001      2000
Cash, cash 
 equivalents 
 and marketable 
 securities           5,506       5,606     1,368     1,285     4,138     4,321
Receivables, net      8,473       8,328     6,356     6,652     2,117     1,676
Inventories, net      3,456       3,192     3,456     3,192         -         -
Prepaid expenses 
 and other            2,578       1,585     1,198     1,067     1,380       518
Total current 
 assets              20,013      18,711    12,378    12,196     7,635     6,515

Financing 
 receivables          4,300       3,875       486       541     3,814     3,334
Property, plant 
 and equipment, 
 net                  2,975       3,243     2,888     3,177        87        66
Goodwill and 
 other intangible 
 assets, net          3,391       3,155     3,312     3,067        79        88
Investments and 
 other                2,051       1,978     1,437     1,350       614       628
Net intercompany 
 balances                 -           -         -         -     4,628     2,105
Total assets         32,730      30,962    20,501    20,331    16,857    12,736


Accounts payables, 
 trade                3,584       3,375     3,558     3,347        26        28
Accounts payables, 
 other                2,326       2,363     1,435     1,512       891       851
Short term 
 borrowings           6,388       3,587       336       397     6,052     3,190
Accrued liabilities 
 and other            6,957       6,127     3,982     4,303     2,975     1,824
Total current 
 liabilities         19,255      15,452     9,311     9,559     9,944     5,893

Long term 
 borrowings           4,416       3,776       668       509     3,748     3,267
Pensions and other 
 related benefits     1,640       1,790     1,634     1,783         6         7
Deferred taxes        1,301       1,528       591       694       710       834
Other liabilities     2,615       2,924     2,145     2,350       470       574
Net intercompany 
 balances                 -           -     2,749        44         -         -
Total liabilities    29,227      25,470    17,098    14,939    14,878    10,575

Minority interest       290         321       190       221       100       100
Total stockholders' 
 equity               3,213       5,171     3,213     5,171     1,879     2,061
Total liabilities 
 and stockholders' 
 equity             32,730       30,952    20,501    20,331    16,857    12,736

1) ABB industrial operations/holdings with equity accounting of participation in
Financial Services