News Articles

ABB: Q2 2020 Results. ZURICH -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...

ABB completes divestment of Power Grids to Hitachi -Wednesday 1 July 2020

– Hitachi ABB Power Grids joint venture starts operations – ABB’s portfolio focused on industrial customers – Net cash proceeds to be returned to shareholders as planned (BUSINESS WIRE)-- ABB today reached a significant milestone in the company’s transformation towards a...

ABB: Our Way forward -Wednesday 10 June 2020

(BUSINESS WIRE) -- ABB will be hosting an investor webcast at 14:00 CEST today, June 10, at which CEO, Björn Rosengren, will be giving his initial impressions on the Group’s strategy since he joined the company at the beginning of the year, as well as details on his immediate priorities....

ABB: Q1 2020 Results -Tuesday 28 April 2020

(BUSINESS WIRE)-- “The COVID-19 pandemic impacted our first quarter results, lowering revenues and operating margins in all our businesses, although order growth held up well. We are doing our utmost to ensure the health and safety of our employees while maintaining business continuity,...

ABB: COVID-19 Update   -Monday 30 March 2020

(BUSINESS WIRE)-- ABB is constantly monitoring the pandemic situation around COVID-19 (novel coronavirus). The health and safety of its employees, customers and partners remains the company’s number one priority and we are working hard to assess and mitigate any risks. Guidance issued on...

ABB Shareholders Approve All Proposals At Annual General Meeting -Thursday 26 March 2020

(BUSINESS WIRE)-- The shareholders of ABB have approved all the proposals by the company’s Board of Directors at its 2020 Annual General Meeting held in Dübendorf, Switzerland. The event took place under extraordinary conditions, and in line with the COVID-19 Ordinance 2 of the Swiss Federal...

Annual General Meeting of ABB Ltd -Wednesday 18 March 2020

(BUSINESS WIRE)-- ABB confirms that it will hold its Annual General Meeting (AGM) on March 26, 2020, as planned. In accordance with the requirements as defined in the Ordinance of the Federal Council of Switzerland, dated March 16, 2020, regarding measures against combatting the coronavirus,...

ABB Completes Acquisition of Chinese EV Charging Provider Chargedot -Tuesday 17 March 2020

(BUSINESS WIRE)-- ABB has completed its acquisition of a majority stake in Chargedot Shanghai New Energy Technology Co., Ltd. (“Chargedot”). The transaction was announced on October 28, 2019. Since its establishment in 2009, Shanghai-based Chargedot has made a significant contribution to...

ABB Completes Divestment of Solar Inverter Business To FIMER SpA -Monday 2 March 2020

(BUSINESS WIRE) -- ABB has completed its divestment of its solar inverter business to the Italian company FIMER SpA. The transaction enables ABB’s Electrification business to improve the focus of its business portfolio on priority growth markets and enhance business opportunities for the solar...

Notice of ABB’s Annual General Meeting on March 26, 2020 -Friday 28 February 2020

(BUSINESS WIRE)-- ABB today published the invitation to its Annual General Meeting (AGM), which will be held on Thursday, March 26, 2020. The invitation can be found on ABB’s investor relations website at www.abb.com/agm. ABB (ABBN: SIX Swiss Ex) is a technology leader that is driving the...

ABB Publishes 2019 Annual Report -Wednesday 26 February 2020

(BUSINESS WIRE) -- The 2019 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...

ABB: Full-Year and Q4 2019 Results -Wednesday 5 February 2020

FULL-YEAR 2019 HIGHLIGHTS Orders $28.6 billion, steady; comparable +1% Revenues $28.0 billion, +1%; comparable +1% Operational EBITA margin1 11.1%, impacted by a combined 130 basis points due to stranded costs and non-core activities Income from operations $1,938 million, -13% Net...

ABB Announces Changes to Executive Committee. -Wednesday 18 December 2019

-(BUSINESS WIRE)-- As of December 31, 2019, Claudio Facchin, Frank Duggan and Chunyuan Gu will step down from the Executive Committee of ABB as part of the organizational transformation announced on December 17, 2018. With the announced divestment of Power Grids to Hitachi, Claudio Facchin...

ABB augments Asset Performance Management solution with prognostic capabilities -Thursday 31 October 2019  

ABB’s industry-leading Ellipse® Asset Performance Management (APM) solution (part of the company’s Digital Enterprise portfolio) has been enriched with strengthened prognostic capabilities. The new functionality enables customers to more accurately forecast when their critical assets are...

ABB to Strengthen E-Mobility Portfolio With Acquisition of Chinese EV Charging Provider Chargedot -Monday 28 October 2019

(BUSINESS WIRE) -- ABB is to acquire a majority stake of 67 percent in Shanghai Chargedot New Energy Technology Co., Ltd. (“Chargedot”), a leading Chinese e-mobility solution provider. The transaction is expected to be completed in the coming months and ABB has the possibility to increase...

ABB: Q3 2019 results -Wednesday 23 October 2019

(BUSINESS WIRE)-- Holding course in tougher markets – Total orders -1%1, order backlog +3% – Steady revenues and book-to-bill2 – Operational EBITA margin2 11.7%, +20 basis points; impacted 70 basis points by stranded costs – Income from continuing operations, net of tax $422...

ABB Demonstrates Concept of Mobile Laboratory Robot for Hospital of the Future -Wednesday 9 October 2019  

(BUSINESS WIRE)-- ABB today opened its first global healthcare research hub on the Texas Medical Center (TMC) campus, in Houston, Texas – showcasing a number of concept technologies, including a mobile YuMi® robot, which will be designed to assist medical and laboratory staff with laboratory...

ABB Names Björn Rosengren as CEO -Monday 12 August 2019

(BUSINESS WIRE)-- The Board of ABB has unanimously appointed Björn Rosengren, as Chief Executive Officer. He will join ABB on February 1, 2020 and succeed CEO, Peter Voser, in this role on March 1, 2020. At that time Peter Voser will revert to his position at ABB solely as Chairman of the...