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ABB CEO Says Going To Make 5 To 10 Acquistions Per Year
ABB Announces $150 Mln Order From Fincantieri
ABB Gets $30 Mln Contract With Singapore's National Water Agency
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.
Electronic Instr. & Controls
Peter R. Voser
Chairman of the Board
Chief Executive Officer
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
Price To Earnings (TTM)
Price To Sales (TTM)
Price To Book (MRQ)
Price To Cash Flow (TTM)
Total Debt To Equity (MRQ)
LT Debt To Equity (MRQ)
Return on Investment (TTM)
Return on Equity (TTM)
ABB's <ABBN.S> clutch and transmission manufacturer Dodge had already attracted interest from potential bidders before the Swiss engineering group announced it was exiting the business, people familiar with the matter told Reuters on Thursday.
Engineering group ABB's plan to offload three of its most profitable businesses, announced on Thursday, was met with disappointment by analysts who described the strategy as unambitious.
* Shares indicated 3.3% higher (Recasts, adds analyst, shares)
Activist shareholder Cevian Capital has reduced its stake in ABB Ltd to less than 5%, according to data on the engineering company's website.
Swiss engineering firm ABB said on Wednesday its order situation could improve in the coming months, suggesting there was some light amid the gloom surrounding the industrial sector caused to the coronavirus crisis.
ABB <ABBN.S> plans to buy back up to 10% of its stock, currently worth more than $4 billion, after completing the sale of its Power Grids business to Hitachi <6501.T>.
* BLOCK TRADE - MITHRA PHARMACEUTICALS SA ABB: BOOKRUNNER SAYS BOOKS ARE CLOSED, ALLOCATIONS WILL BE COMMUNICATED TOMORROW MORNING BEFORE MARKET OPEN Further company coverage:
* BLOCK TRADE - MITHRA PHARMACEUTICALS SA ABB: BOOKRUNNER SAYS BOOKS ARE COVERED, FURTHER PRICE GUIDANCE TO FOLLOW Further company coverage:
ABB <ABBN.S> Chief Digital Officer Guido Jouret is to leave the Swiss engineering company as part of new Chief Executive Bjorn Rosengren's plan to scale back its centralised operations and empower its individual businesses.
ABB will say later this year which if any businesses it will sell off, Chief Executive Bjorn Rosengren said on Wednesday, as he presses ahead with the reorganisation of the Swiss engineering group.
ABB <ABBN.S> will focus on profitability before growth, Chief Executive Bjorn Rosengren said on Wednesday, as the Swiss engineering group tackles weaker demand caused by the COVID-19 pandemic and the drop in oil prices.
ABB will focus on profitability before growth, Chief Executive Bjorn Rosengren said on Wednesday, as the Swiss engineering group tackles weaker demand caused by the COVID-19 pandemic and the drop in oil prices.
The UK Serious Fraud Office has closed a three-year bribery and corruption investigation into the British subsidiaries of Swiss engineering company ABB, it said on Tuesday.
* UK'S SFO CLOSES ITS INVESTIGATION INTO ABB LTD Source text for Eikon: [ID: https://bit.ly/2LGsGfH] Further company coverage:
ABB's <ABBN.S> new Chief Executive Bjorn Rosengren is determined to decentralise the Swiss engineering group to improve its performance, he told Swiss newspaper Neue Zuercher Zeitung in an interview.
Engineering company ABB reported first-quarter results that beat expectations on Tuesday, including an increase in orders, buoying its shares even as it warned COVID-19 lockdowns would hit business in the months ahead.
ABB could cut jobs as the Swiss engineering company adjusts its cost structure to deal with the economic downturn triggered by coronavirus, Chief Executive Bjorn Rosengren said on Tuesday.
ABB expects the coronavirus epidemic to trigger a "sharp drop" in demand over the next three months as lockdowns disrupt business activity around the world, the engineering company said on Tuesday.
* JANUARY-MARCH 2020 ORION'S PRELIMINARY NET SALES WERE EUR 280 MILLION AND PRELIMINARY OPERATING PROFIT WAS EUR 84 MILLION
Sweden's Investor AB raised its holding in robotics firm ABB, telecom equipment maker Ericsson and commercial kitchen equipment firm Electrolux Professional during the first quarter, it said in its quarterly earnings report on Wednesday.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.