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We have successfully moved into a phase of profitable organic growth.

We met our original 2005 targets which, in view of the special charges throughout the year, is a solid achievement. A strong second half of 2005 has given us a good basis now to enter 2006 and generate further profitable growth.

This is a milestone in the history of ABB.

We are very glad to have a resolution of this final issue, which removes significant uncertainty that has harmed ABB over the years.

China is becoming a major manufacturing base for the world.

The growth is happening here. We are culturally confined by Japan, the US and Europe. Our business is governed by the European and American mindset. You must see all the global options.

Robots could offer them an effective way to raise quality and reduce cost in front of intense competition.

At the moment the (impact) is positive (and we don't expect) this to change in the next couple of months.

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