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ABB launches new share buyback program
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 program on any given trading day is 1,543,644. This follow-up program is part of ABB’s plan to return $7.8 billion of cash proceeds from the Power Grids divestment to shareholders and is consistent with the company’s capital structure optimization program. As announced previously, under the initial program ABB repurchased a total of 128,620,589 shares – equivalent to 5.93 percent of its issued share capital at…
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ABB plans to launch new share buyback following completion of initial program
Follow-up share buyback program expected to begin in April 2021 and run until 2022 Annual General Meeting. 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 128,620,589 shares – equivalent to 5.93 percent of its issued share capital at launch of the buyback program – for a total amount of approximately $3.5 billion over the past 8 months. At today’s Annual General Meeting (AGM), as separately announced, ABB shareholders approved the cancellation of 115 million…
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Notice of ABB’s Annual General Meeting on March 25, 2021
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 below and on ABB’s investor relations website at www.abb.com/agm. Due to the extraordinary circumstances and in accordance with applicable Swiss COVID-19 legislation, shareholders will not be able to attend the event in person but may exercise their shareholder rights via the independent proxy. Two video presentations with the Chairman and the CEO will be published on www.abb.com/agm on the day of the AGM. There will be no webcast of the AGM. The voting results will be published on www.abb.com/agm shortly after the AGM. Über ABB Asea…
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ABB publishes 2020 annual report
ABB Ltd published its 2020 annual report on its website and filed the annual report on Form 20-F with the United States Securities and Exchange Commission 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 link. It will be distributed when it becomes available. Über ABB Asea Brown Boveri Ltd ABB (ABBN: SIX Swiss Ex) is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification,…
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Q4 and full-year 2020 results
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 million; margin1 11.5%, including a combined impact of 80 basis points from the full and final Kusile settlement with Eskom in South Africa and non-core business charges Basic EPS -$0.04; operational EPS1 $0.26, -6% Cash flow from operating activities $1,182 million; cash flow from continuing operating activities $1,225 million after negative impacts, combined, of ~$200 million for the Kusile settlement and pension plan transfers FULL-YEAR 2020 HIGHLIGHTS Orders $26.5 billion, -7%; comparable -6%1 Revenues $26.1 billion, -7%; comparable -5% Income from operations $1,593 million; margin…
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ABB appoints Carolina Granat as Chief Human Resources Officer
. 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 responsible for Human Resources at Sandvik’s Machining Solutions business area. She also served as Human Resources manager for the Nordic region at the Boston Consulting Group (BCG). Granat holds a Master’s degree in Human Resources Management from Karlstad University, Karlstad. “Carolina brings a wealth of experience in change management, talent development, operational efficiency, recruitment, with a proven ability to lead a global HR function in a decentralized…
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ABB verstärkt Engagement für sauberen Wasserstoff mit ECH2A-Mitgliedschaft
Peter Terwiesch, Leiter des Geschäftsbereichs Industrieautomation bei ABB, wird Exekutivmitglied der European Clean Hydrogen Alliance ECH2A, die gegründet wurde, um die europäische Wasserstoffindustrie voranzubringen. Die Allianz ist das offizielle EU-Gremium, das sich auf den verstärkten Einsatz von Wasserstofftechnologien (H2) bis 2030 konzentriert, um die Kohlenstoffemissionen zu reduzieren und zur Erreichung der europäischen Kohlenstoffneutralität bis 2050 beizutragen. Peter Terwiesch wird der Executive Sponsor von ABB in der Allianz sein und aktiv mit Regierungen und anderen Allianzmitgliedern zusammenarbeiten, um die Wasserstoff-Wertschöpfungskette in ganz Europa auszubauen. Die Nutzung von Wasserstoff wurde als entscheidend für die Erreichung der europäischen Klimaziele und den Übergang Europas zu sauberer Energie identifiziert. Wasserstoff bietet verschiedene Einsatzmöglichkeiten, von der…
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ABB unterstützt Wiederaufbau wichtiger Infrastruktur in Beirut
Nach der verheerenden Explosion im Hafen von Beirut im August 2020, bei der viele Menschen ums Leben kamen und zahlreiche lebenswichtige Einrichtungen beschädigt wurden, haben die Wiederaufbaubemühungen mit Hilfe von Produkten und Lösungen von ABB zur Sicherung der Energieinfrastruktur an Fahrt gewonnen. ABB stellt Produkte und Lösungen für grosse Spitäler und eine Schule in Beirut zur Verfügung, um den Wiederaufbau zu beschleunigen. Gleichzeitig arbeitet die Stadt am Neuaufbau ihrer Zivilgesellschaft. Mike Mustapha, Leiter Global Markets des Geschäftsbereichs Elektrifizierung von ABB, sagte: „Wir unterstützen den Aufbau sicherer und nachhaltiger Gemeinschaften in den Ländern, in denen wir tätig sind. Vor diesem Hintergrund ist es unsere Aufgabe, den Wiederaufbau der Infrastruktur in Beirut…
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ABB Capital Markets Day 2020
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, including: Improving performance under ABB Way Review of business portfolio ABB’s digital strategy Updated financial framework and long-term sustainability targets “ABB is a leading technology company, now and in the future. We have the global R&D capabilities, digital solutions and innovation focus to support our customers. The COVID-19 pandemic still weighs on the near-term outlook, but the long-term market trends of electrification, automation, digitalization and energy efficiency…
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Disclosure of 5 percent holding of own shares
On November 4, 2020, ABB held 109,359,211 of its own shares, which corresponds to 5.04 percent of total share capital and voting rights in the company. This includes 89,326,859 shares purchased for capital reduction purposes as part of its share buyback program announced on July 22, 2020. ABB’s total number of issued shares, including shares held in treasury, amounts to 2,168,148,264. Additional information is available on ABB’s investor relations website site at https://global.abb/group/en/investors/investor-and-shareholder-resources/share-buyback-program. This is information that ABB is required to disclose in accordance with the Financial Instruments Trading Act (Sweden). The information was submitted for publication at 11.00 a.m. on November 6, 2020 (CET). Über ABB Asea Brown Boveri…
