ABB : New CEO confirms his underlying strategy: work-in-progress on many projects
>Confirmation of medium-term objectives - Björn Rosengren gave his analysis of the group’s outlook, positioning and the strategy. He sees many strengths at ABB, whether in term of products, technology or positioning with its clients. He also revalidated the group’s medium-term financial targets: revenue growth of 3-6% per annum, an operating margin of 13-16% (“disappointing if under 15%â€), EPS growth above that of revenues, conversion of earnings to FCF of 100%. Moreo...ABB specializes in power and automation technologies. Co. provides a broad range of products, systems, solutions and services that are designed to boost industrial productivity, increase power grid reliability, and enhance energy efficiency. Co.'s automation businesses serve a full range of industries with process optimization, control, measurement and protection applications. Co.'s power businesses focus on power transmission, distribution and power-plant automation, and support electric, gas and water utilities, as well as industrial and commercial customers.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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