ABB accelerates transformation

  • 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

About Us

ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in power grids, electrification products, industrial automation and robotics and motion, serving customers in utilities, industry and transport & infrastructure globally. Continuing a history of innovation spanning more than 130 years, ABB today is writing the future of industrial digitalization with two clear value propositions: bringing electricity from any power plant to any plug and automating industries from natural resources to finished products. As title partner in ABB Formula E, the fully electric international FIA motorsport class, ABB is pushing the boundaries of e-mobility to contribute to a sustainable future. ABB operates in more than 100 countries with about 147,000 employees. www.abb.com