Robotics and Motion is definitely the key growth driver for ABB. The company presented today its strategy for 2019 but, no big surprise as ABB had already announced its new structure in December. Although it may not be the right time yet, we confirm our positive opinion for two reasons: i) between $7.6 and $7.8bn of cash to be returned to shareholders on PG’s closing deal and, ii) around $500m per year net savings medium-term.
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Strong Robotics and Motion, but offset by several charges...
- Published:
28 Feb 2019 -
Author:
Luis Pereira -
Pages:
3
Robotics and Motion is definitely the key growth driver for ABB. The company presented today its strategy for 2019 but, no big surprise as ABB had already announced its new structure in December. Although it may not be the right time yet, we confirm our positive opinion for two reasons: i) between $7.6 and $7.8bn of cash to be returned to shareholders on PG’s closing deal and, ii) around $500m per year net savings medium-term.