ABB accelerates transformationStage 2 of Next Level Strategy

Wed, Sep 09, 2015 06:43 CET

London, United Kingdom, September 9, 2015: Capital Markets Day

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

The complete press release including the appendices is attached.

ABB Group Corporate Communications, Zurich
Michael Schiendorfer, Antonio Ligi, Sandra Wiesner
Tel: 41 43 317 71 11
media.relations@ch.abb.com

Investor Relations
Switzerland: Tel. 41 43 317 71 11
investor.relations@ch.abb.com

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