News Articles

ABB to Divest Mechanical Power Transmission Division (Dodge) to RBC Bearings for $2.9 Billion ZURICH -Monday 26 July 2021

(BUSINESS WIRE) -- ABB today announced it has signed a definitive agreement to divest its Mechanical Power Transmission division (Dodge) to RBC Bearings Incorporated (Nasdaq: ROLL), for $2.9 billion in cash. The transaction will create a leading manufacturer of highly engineered,...

ABB to present sustainable solutions at Dubai EXPO 2020 -Monday 26 July 2021  

ABB will participate in the Dubai EXPO 2020 as an official partner of the Swedish Pavilion and showcase its leading technology in a digital and interactive way partnering with more than 100 companies and institutions. With a history of more than 130 years and Sweden as one of the birthplaces of...

ABB: Q2 2021 Results. -Thursday 22 July 2021

Strong performance in a recovery quarter Orders $8.0 billion, +32%; comparable1 +24% Revenues $7.4 billion, +21%; comparable +14% Income from operations $1,094 million; margin 14.7% Operational EBITA1 $1,113 million; margin1 15.0% Basic EPS $0.37; +150%2 Cash flow from...

ABB to charge Qatar’s largest electric bus infrastructure project -Sunday 4 July 2021  

ABB has won a contract to design, supply, test and commission a new high-power charging infrastructure for one of the world’s largest fleet of electric buses.   The project will see ABB provide high power charging infrastructure for the fleet, which is expected to have 1,000 electric buses...

ABB: Q1 2021 Results. -Tuesday 27 April 2021

Strong start to the year Orders $7.8 billion, +6%; comparable1 +1% Revenues $6.9 billion, +11%; comparable +7% Income from operations $797 million; margin 11.5% Operational EBITA1 $959 million; margin1 13.8% Basic EPS $0.25; +41%2 Cash flow from operating activities $543 million;...

ABB Issues Trading Update Following Better-Than-Anticipated Performance in Q1 -Thursday 15 April 2021

(BUSINESS WIRE)-- ABB is publishing preliminary information on its first-quarter 2021 results, which according to the information available to the company, is better than the latest company guidance and current market consensus. The preliminary results were driven by a stronger-than-anticipated...

ABB Launches New Share Buyback Program -Thursday 8 April 2021

(BUSINESS WIRE)-- ABB will launch on April 9, 2021 its previously announced follow-up share buyback program of up to $4.3 billion. Based on the current share price this represents a maximum of approximately 137 million shares. The maximum number of shares that may be repurchased under this new...

ABB Plans to Launch New Share Buyback Following Completion of Initial Program -Thursday 25 March 2021

(BUSINESS WIRE) -- ABB has completed its initial share buyback program that was launched in July 2020 as part of the company’s commitment to return to shareholders cash proceeds from the Power Grids divestment of $7.6-7.8 billion. Through the initial buyback program, ABB repurchased a total of...

ABB shareholders approve all proposals at 2021 Annual General Meeting -Thursday 25 March 2021

(BUSINESS WIRE) -- The shareholders of ABB have approved all the proposals by the company’s Board of Directors at its 2021 Annual General Meeting. Due to the extraordinary circumstances and in line with applicable Swiss COVID-19 legislation, shareholders were not able to attend the meeting in...

ABB urges greater adoption of high-efficiency motors and drives to combat climate change - global electricity... -Monday 8 March 2021  

According to the International Energy Agency (IEA), industry accounts for 37% of global energy use and some 30% of global energy is consumed in buildings. While mostly hidden from public view, electric motors - and the variable speed drives which optimize their operation – are embedded in...

Notice of ABB’s Annual General Meeting on March 25, 2021 -Friday 26 February 2021

(BUSINESS WIRE)-- ABB today published the invitation to its Annual General Meeting (AGM), which will be held on Thursday, March 25, 2021. The invitation can be found above and on ABB’s investor relations website at www.abb.com/agm. This press release features multimedia. View the full...

ABB Publishes 2020 Annual Report -Friday 26 February 2021

(BUSINESS WIRE)-- The 2020 annual report is now available electronically at www.abb.com/groupreports. It provides comprehensive information on the company and its strategy, business, governance and financial performance. Shareholders may request a printed copy of the annual report via this...

ABB: Q4 and Full-Year 2020 Results -Thursday 4 February 2021

(BUSINESS WIRE) -- ABB (SWX:ABBN): Solid end to challenging year FOURTH QUARTER 2020 HIGHLIGHTS Orders $7.0 billion, +2%; comparable -1%1 Revenues $7.2 billion, +2%; comparable 0% Income from operations $578 million; margin 8.0% Operational EBITA1 $825...

ABB appoints Carolina Granat as Chief Human Resources Officer -Thursday 10 December 2020

(BUSINESS WIRE)-- ABB announced today that Carolina Granat is to succeed Sylvia Hill as Chief Human Resources Officer and member of the Executive Committee, effective January 1, 2021. Granat currently serves as ABB’s Global Head of People Development, prior to which she was globally...

ABB Capital Markets Day 2020 -Thursday 19 November 2020

(BUSINESS WIRE) -- ABB will be hosting its Capital Markets Day today, November 19, starting 11.30 am CET, at which CEO, Björn Rosengren, and CFO, Timo Ihamuotila, as well as the four business area Presidents, will give an update on the recent strategic and operational developments,...

ABB: Q3 2020 Results. -Friday 23 October 2020

Strong underlying performance Orders $6.1 billion, -9%; comparable -8%1 Revenues $6.6 billion, -4%; comparable -4% Income from operations $71 million; margin 1.1% Power Grids gain of $5.3 billion, pre-tax, recorded in discontinued operations Operational EBITA1 $787 million;...

ABB Enhances Portfolio of High-Speed Industrial Robots With Codian Acquisition -Friday 2 October 2020

(BUSINESS WIRE)-- ABB has acquired Codian Robotics B.V., a leading provider of delta robots, which are used primarily for high-precision pick and place applications. Codian Robotics’ offering includes a hygienic design line, ideal for hygiene-sensitive industries including food and beverage...

ABB: Q2 2020 Results. -Wednesday 22 July 2020

Strong COVID-19 headwinds; Power Grids divestment completed Orders $6.1 billion, -18%; comparable -14%1 Revenues $6.2 billion, -14%; comparable -10% Income from operations $571 million; margin 9.3% Operational EBITA1 $651 million; margin1 10.6% Net income $319 million,...

ABB to Launch Share Buyback Program -Wednesday 22 July 2020

(BUSINESS WIRE)-- Following the completion of the divestment of its Power Grids business to Hitachi on July 1, 2020, and consistent with its overall capital structure optimization program, ABB will launch its previously announced share buyback program on July 23, 2020. As part of its plan to...

ABB Appoints Theodor Swedjemark as Chief Communications Officer -Wednesday 22 July 2020

(BUSINESS WIRE)-- As of August 1, 2020, Theodor Swedjemark (40) will join the Executive Committee of ABB as the company’s Chief Communications Officer. Swedjemark has held the position on an interim basis since March 1, 2020. Swedish-national Swedjemark has been at ABB since 2006. He joined...