ABB today announced the successful completion of its 2024 share buyback program, which was launched in April 2024. Under this program, the company repurchased a total of 16,715,684 shares—representing 0.89 percent of its issued share capital at the program’s initiation—for an aggregate amount of approximately $0.9 billion.
Cancellation of Repurchased Shares
The ABB Board of Directors intends to utilize the capital authorization granted at the 2023 Annual General Meeting to cancel all shares repurchased under the 2024 program, a move aligned with the company’s capital management strategy.
New $1.5 Billion Buyback Program Approved
Consistent with ABB’s capital allocation principles, the Board of Directors approved a new share buyback program on January 30, 2025, targeting capital reduction with a total authorization of up to $1.5 billion. The new program is set to launch in early February 2025 and will be executed via a secondary trading line on the SIX Swiss Exchange, with a planned duration through January 28, 2026. Similar to the 2024 initiative, shares repurchased under this new program will also be canceled using the existing capital authorization.
Employee Share Plan Purchases
In addition to the capital reduction programs, ABB plans to acquire up to 7 million shares by January 28, 2026, primarily to support its employee share plans. These purchases will be made at market prices on the ordinary trading line of the SIX Swiss Exchange.
Current Treasury Share Position
As of the announcement, ABB holds approximately 24 million treasury shares, including the 16.7 million shares repurchased under the 2024 program for cancellation purposes.
About ABB
ABB is a global technology leader in electrification and automation, committed to enabling a more sustainable and resource-efficient future. By integrating its engineering prowess with digitalization expertise, ABB empowers industries to operate at peak performance—driving greater efficiency, productivity, and sustainability to help customers “outrun” their challenges. This mission is embodied in ABB’s brand promise:
“Engineered to Outrun”. With a legacy spanning over 140 years, ABB employs around 110,000 people worldwide. Its shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB). For more information, visit
www.abb.com.
Important Notice Regarding Forward-Looking Statements
This press release contains forward-looking information and statements, including those related to the new share buyback program. These statements are based on current expectations, estimates, and projections regarding factors that may influence future performance, such as global economic conditions and industry trends. They are typically identified by terms like “anticipates,” “expects,” “estimates,” “intends,” “plans,” or “targets.”
However, actual results may differ materially due to risks and uncertainties beyond ABB’s control, including volatile global economic and political conditions, market acceptance of products and services, regulatory changes, and currency fluctuations. While ABB believes its expectations are based on reasonable assumptions, it cannot guarantee their achievement.
