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    ABBN   CH0012221716

ABB LTD

(ABBN)
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ABB looks to pricing, acquisitions to boost process automation profit

05/18/2022 | 01:14am EDT
A woman walks past the logo of Swiss power technology and automation group ABB in Zurich

ZURICH (Reuters) - ABB is aiming to further raise profitability in its process automation business through pricing, acquisitions and strict cost management, the Swiss engineering company said on Wednesday, ahead of its capital markets day for the division.

The company said it planned to grow the business by helping more companies manage the energy transition and boosting its digital business.

"Process Automation today already generates approximately $500 million in orders from industrial software and digital services and expects continued double-digit growth in this area," it said in a statement.

(Reporting by Brenna Hughes Neghaiwi; Editing by Tom Hogue)


© Reuters 2022
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Financials (USD)
Sales 2022 29 580 M - -
Net income 2022 2 454 M - -
Net Debt 2022 4 035 M - -
P/E ratio 2022 24,1x
Yield 2022 2,90%
Capitalization 57 786 M 57 786 M -
EV / Sales 2022 2,09x
EV / Sales 2023 1,98x
Nbr of Employees 106 380
Free-Float 80,1%
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Number of Analysts 23
Last Close Price 30,52 $
Average target price 33,40 $
Spread / Average Target 9,41%
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Björn Klas Otto Rosengren Chief Executive Officer
Timo J. Ihamuotila Chief Financial Officer
Peter R. Voser Chairman
Jacob Wallenberg Vice Chairman
David Edward Constable Independent Non-Executive Director
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