09.09.2015 07:05:00

ABB accelerates transformation

Regulatory News:

  • 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

This information was brought to you by Cision http://news.cision.com

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