ABB accelerates transformation

Wed, Sep 09, 2015 06:50 CET

Unlocking additional value through realignment of unique power & automation offering
New Power Grids division brings No. 1 power & automation offering to utilities, strategic portfolio review of this division initiated
New Electrification Products division combines leading low- and medium-voltage offering
Continuing focus on profitable organic growth complemented by value-creating M&A
$1 bn white-collar productivity savings by end of 2017 in addition to ongoing cost measures
$2 bn cash released from working capital by end of 2017
Revenue growth target (3-6%) aligned to new market realities, all other targets confirmed
Share buyback program continued

ABB Group Corporate Communications, Zurich
Michael Schiendorfer, Antonio Ligi, Sandra Wiesner
Tel: 41 43 317 7111
media.relations@ch.abb.com

Investor Relations
Switzerland: Tel. 41 43 317 7111
investor.relations@ch.abb.com

For further information please refer to http://www.abb.com/news