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ABB CEO Voser Says Sees No Real Need For Big Acquisitions
ABB sees unquantifiable hit to business from virus outbreak in China-CEO
ABB CEO Says Strategy Is Based On Four Businesses Including Electrification
Abb Ltd is a holding company. The Company's segments include Electrification Products, Robotics and Motion, Industrial Automation, Power Grids, and Corporate and Other. It operates through four divisions: Electrification Products, Robotics and Motion, Industrial Automation and Power Grids. It is engaged in serving customers in utilities, industry and transport and infrastructure. The Electrification Products segment manufactures and sells products and services including low and medium-voltage switchgear, breakers, switches and control products. The Robotics and Motion segment manufactures and sells motors, generators, variable speed drives and robots and robotics. The Industrial Automation segment develops and sells control and plant optimization systems, and automation products and solutions. The Power Grids segment supplies power and automation products, systems, and service and software solutions.
Peter R. Voser
Chairman of the Board
Non-Executive Independent Vice Chairman of the Board
Chief Financial Officer, Member of the Group Executive Committee
Chief Human Resources Officer and Member of the Executive Committee
Group General Counsel, Member of the Executive Committee
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Price To Sales (TTM)
Price To Book (MRQ)
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Total Debt To Equity (MRQ)
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ABB will shut its factory in Ozd, northeast Hungary, by the end of this year due to falling customer demand, cutting 1,000 jobs, the Swiss engineering company said on Tuesday.
Swiss engineering company ABB <ABBN.S> is going to take a hit from the coronavirus outbreak in China, where it generated around 15% of its sales last year, Chief Executive Peter Voser said on Wednesday.
* ABB CEO VOSER SAYS SEES NO REAL NEED FOR BIG ACQUISITIONS Source text for Eikon: Further company coverage: (Reporting By Michael Shields)
* Q4 net profit rises 3% to $325 mln, operating margin improves
* ABB CEO SAYS SEES REVENUES STEADY OR HIGHER ON COMPARABLE BASIS
ABB reported better than expected earnings during its fourth quarter as the Swiss engineering company forecast on Wednesday the global economy would grow at a similar trend as in 2019.
Sweden's Investor AB, the largest owner in automation and robotics firm ABB <ABBN.S> <ABB.ST>, increased its stake in the company further in the fourth quarter buying shares for 1 billion crowns ($104.95 million), it said on Wednesday.
ABB <ABBN.S> Chief Executive Peter Voser said the Swiss engineering company was more positive about the global economy than it was six months ago, adding it was seeing a recovery in some areas like automotive.
* ABB, AN INDUSTRIAL TECHNOLOGY LEADER, AND AUTOMOBILE MANUFACTURER PORSCHE ARE ANNOUNCING A NEW AND EXCLUSIVE PARTNERSHIP TO JOINTLY PROMOTE E-MOBILITY Further company coverage: (Reporting by Berlin Speed Desk)
ABB <ABBN.S> is axing a quarter of the jobs at one of its U.S. plants, the engineering company said on Friday, as it presses ahead with its reorganization.
* RECEIVED AN ORDER FOR A FURTHER 324, 350 KW HIGH-POWER ELECTRIC VEHICLE (EV) CHARGERS FROM IONITY
* COMPLETES DIVESTMENT OF TWO ELECTRIFICATION JOINT VENTURES IN SHANGHAI Source text: https://bit.ly/2YYdz7e Further company coverage: (Berlin Speed Desk)
* CLAUDIO FACCHIN, FRANK DUGGAN AND CHUNYUAN GU WILL STEP DOWN FROM EXECUTIVE COMMITTEE OF ABB AS PART OF ORGANIZATIONAL TRANSFORMATION
* ABB WINS FRAMEWORK CONTRACT WORTH OVER $100 MILLION TO STRENGTHEN ITALY'S POWER GRID
ABB <ABBN.S> is ready to spin off more businesses although a separation of its electrification unit is not on the table, Chairman and interim Chief Executive Peter Voser said in an article published on Wednesday.
Swiss engineering firm ABB said on Thursday it had upheld international sanctions on North Korea but its machinery may have been sold to the country without its permission, after photos emerged purporting to show ABB robots in a factory.
ABB <ABBN.S> expects its electrification division to hit its goal for an operating profit margin of 15% to 19% during 2020, the Swiss engineering company said on Tuesday.
ABB <ABBN.S> is divesting its stake in two Chinese electrification businesses, the Swiss engineering company said on Thursday, as it presses ahead with reviewing its operations and ditching underperformers.
ABB has won a big contract to connect the world's largest offshore wind farm to Britain's electricity grid, the Swiss engineering company said on Wednesday.
ABB <ABBN.S> has bought a majority stake in Shanghai Chargedot New Energy Technology Co. Ltd, a Chinese electric vehicle charging company, the Swiss engineering company said on Monday as its ramps up its operations in e-mobility.
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