{"id":384647,"date":"2020-11-19T00:48:59","date_gmt":"2020-11-19T05:48:59","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=384647"},"modified":"2020-11-19T00:48:59","modified_gmt":"2020-11-19T05:48:59","slug":"abb-capital-markets-day-2020","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/abb-capital-markets-day-2020\/","title":{"rendered":"ABB Capital Markets Day 2020"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwlistdisc { list-style-type: disc }\n.bwpadl0 { padding-left: 0px }\n.bwpadr0 { padding-right: 0px }\n.bwrowaltcolor1 { background-color: #d3d3d3 }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwvertalignm { vertical-align: middle }\n.bwvertalignt { vertical-align: top }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>ABB Capital Markets Day 2020<\/b><\/p>\n<p>ZURICH&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nABB will be hosting its Capital Markets Day today, November 19, starting 11.30 am CET, at which CEO, Bj\u00f6rn 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:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nImproving performance under ABB Way\n<\/li>\n<li>\nReview of business portfolio\n<\/li>\n<li>\nABB\u2019s digital strategy\n<\/li>\n<li>\nUpdated financial framework and long-term sustainability targets\n<\/li>\n<\/ul>\n<p>\n\u201cABB is a leading technology company, now and in the future. We have the global R&amp;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 remain intact. At the same time, we are taking additional steps to improve performance in order to drive value creation for all stakeholders going forward,\u201d said CEO Bj\u00f6rn Rosengren.\n<\/p>\n<p><b>Improved performance in the making<\/b><\/p>\n<p>\nSince the start of this year, ABB has further decentralized its organization to bring operating decisions closer to the customer and successfully rolled out its new operating model called ABB Way, including the introduction of a scorecard-based performance management system reinforced through incentivization. This creates a clear focus on stability and profitability before growth in order to strengthen underperforming divisions.\n<\/p>\n<p>\nFurthermore, ABB has carried out a portfolio review of its divisions to ascertain whether it is ultimately the best owner. As a result, ABB has decided to explore all options to exit three divisions:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nTurbocharging (Industrial Automation)\n<\/li>\n<li>\nMechanical Power Transmission (Motion)\n<\/li>\n<li>\nPower Conversion (Electrification)\n<\/li>\n<\/ul>\n<p>\nThese divisions represent roughly $1.75 billion of combined annual revenues or approximately six percent of ABB\u2019s total revenues.\n<\/p>\n<p>\n\u201cAll three divisions are high-quality businesses, with Operational EBITA margins above the group\u2019s target margin corridor. In this process, we will seek the best value-accretive solution for ABB and those businesses and not put ourselves under time pressure,\u201d said Rosengren. \u201cFurthermore, portfolio reviews will continue to be a key element of the ABB Way.\u201d\n<\/p>\n<p>\nABB will increase the number of divisions to 20 as of January 1, 2021, due to a split in the Motion business area portfolio, while Industrial Automation will be renamed Process Automation to better reflect its customer base.\n<\/p>\n<p>\nCFO Timo Ihamuotila will highlight in his presentation that ABB has delivered on sustainable cost reductions: \u201cDue to the reorganization of the Group, the ABB-OS target of $500 million net savings has been reached one year ahead of plan.\u201d\n<\/p>\n<p><b>ABB\u2019s digital strategy<\/b><\/p>\n<p>\nABB has recently carried out a review of its digital strategy under the ABB Ability\u2122 brand, which is comprised of software-enabled products and systems, as well as software and digital services. The company intends to accelerate the expansion of its digital offering that is tailored to specific sectors or applications based on ABB\u2019s domain expertise. This will be done through increasing R&amp;D and investments to about 5 percent of revenues per year and will be led by the business. This approach creates superior value for customers and drives a higher quality of revenues for the company. ABB will also continue to pursue select strategic partnerships in the digital sphere, as well as synergetic bolt-on acquisitions.\n<\/p>\n<p><b>Updated financial framework<\/b><\/p>\n<p>\nABB is retaining its financial framework with modifications to certain targets in order to align with the ABB Way.\n<\/p>\n<table cellspacing=\"0\" class=\"bwblockalignl bwtablemarginb\">\n<tr>\n<td class=\"bwsinglebottom bwpadl0 bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwvertalignm\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Guidance<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwvertalignm\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Medium term ambitions<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwsinglebottom bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Revenue growth<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwvertalignm\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n3-5% annual average through economic cycle<sup>1<\/sup><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwvertalignm\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwrowaltcolor1 bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n~2\/3 comparable, ~1\/3 inorganic\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Operational EBITA margin corridor<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignm\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwpadl0 bwvertalignm bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nGroup 13-16%\n<\/p>\n<\/td>\n<td class=\"bwvertalignm bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwpadl0 bwrowaltcolor1 bwvertalignm bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nUpper half of range as from 2023\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwpadl0 bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwvertalignm\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nElectrification 15-19%\n<\/p>\n<p class=\"bwcellpmargin\">\nIndustrial Automation 12-16%\n<\/p>\n<p class=\"bwcellpmargin\">\nMotion 15-19% (previously 14-18%)\n<\/p>\n<p class=\"bwcellpmargin\">\nRobotics &amp; Discrete Automation 13-17%\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwvertalignm\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwrowaltcolor1 bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwvertalignm bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>ROCE<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignm bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwpadl0 bwpadr0 bwalignl bwvertalignm bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n15-20%\n<\/p>\n<\/td>\n<td class=\"bwvertalignm bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwpadl0 bwrowaltcolor1 bwvertalignm bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nSteady improvement\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwpadl0 bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>FCF conversion to net income<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwvertalignm\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n~100%\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwvertalignm\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwrowaltcolor1 bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nMaintain solid track record\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwpadl0 bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Basic EPS growth<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwvertalignm\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nEPS growth &gt; revenue growth\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwvertalignm\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwrowaltcolor1 bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nEffective tax rate ~25% as from 2023<br \/>\n<br \/>EPS rising strongly due to capital structure optimization program\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\nABB\u2019s capital allocation priorities remain unchanged, including funding organic growth, a rising sustainable dividend per share and value-creating acquisitions. As previously announced, ABB intends to return to shareholders net cash proceeds from the Power Grids divestment of $7.6-7.8 billion.\n<\/p>\n<p>\n\u201cABB aims to deliver attractive returns to shareholders and retain a \u2018single A\u2019 credit rating,\u201d said CFO Timo Ihamuotila. \u201cWe also aim to complete most of our capital structure optimization program by the end of the year in order to further de-risk our balance sheet and further improve performance.\u201d\n<\/p>\n<p><b>Long-term sustainability targets<\/b><\/p>\n<p>\nABB is announcing the launch of its new sustainability strategy and targets for 2030, which is rooted in ABB\u2019s Purpose and centered on an intensive stakeholder listening phase comprised of interviews and analyzed feedback. Based on this, the company has created a comprehensive sustainability strategy that combines ABB\u2019s higher ambition, impact, measurability and accountability across its value chain of operations, customers, suppliers and society at large.\n<\/p>\n<table cellspacing=\"0\" class=\"bwblockalignl bwtablemarginb\">\n<tr>\n<td class=\"bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>We enable a low carbon society<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>We preserve resources<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>We promote social progress<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nCarbon neutrality in own operations\n<\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n80% of ABB products and solutions covered by circularity approach\n<\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nZero harm to our people and contractors\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nSupport our customers in reducing annual CO<sub>2<\/sub> emissions by &gt;100 Mt<sup>2<\/sup><\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nZero waste to landfill<sup>3<\/sup><\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nComprehensive D&amp;I framework<sup>4<\/sup>; 25% women among ABB leaders\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nSupply chain emissions reduction\n<\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nSupplier sustainability framework\n<\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nTop-tier employee engagement score in our industry\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwvertalignt bwpadl0 bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwvertalignt bwpadl0 bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nImpactful support for community-building initiatives\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"5\" class=\"bwpadl0 bwsinglebottom\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Integrity and transparency across our value chain<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"5\" class=\"bwvertalignt bwsinglebottom bwpadl0\" rowspan=\"1\">\n<p class=\"bwcellpmargin\">\nFurther details available at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fgo.abb%2Fsustainability&amp;esheet=52331689&amp;newsitemid=20201118006185&amp;lan=en-US&amp;anchor=go.abb%2Fsustainability&amp;index=1&amp;md5=61b2d9e541f0f9d4861db8c386f45007\">go.abb\/sustainability<\/a><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\n\u201cABB is embedding sustainability in everything we do in order to create long-term value. Foremost, we are enabling customers to reduce their emissions and preserve resources because this is where ABB\u2019s technology can have the greatest impact. Furthermore, our new targets will be tied to employee incentive plans thus driving performance and culture within our group, while we are proud to be contributing to the United Nations\u2019 Sustainable Development Goals,\u201d said Rosengren.\n<\/p>\n<p><b>Note to editors<\/b>: The Capital Markets Day, CEO\/CFO presentation, as well as presentations from Business Areas and Divisions, can be followed under: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fglobal.abb%2Fgroup%2Fen%2Finvestors%2Fstrategy-events%2Fcapital-markets-day-2020&amp;esheet=52331689&amp;newsitemid=20201118006185&amp;lan=en-US&amp;anchor=https%3A%2F%2Fglobal.abb%2Fgroup%2Fen%2Finvestors%2Fstrategy-events%2Fcapital-markets-day-2020&amp;index=2&amp;md5=ecd1f75ac49eab9c0c9f1420e7b35d38\">https:\/\/global.abb\/group\/en\/investors\/strategy-events\/capital-markets-day-2020<\/a> from 11.30 am to 5.15 pm CET.\n<\/p>\n<p><b>ABB<\/b> (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, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB\u2019s success is driven by about 110,000 talented employees in over 100 countries. <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.abb.com&amp;esheet=52331689&amp;newsitemid=20201118006185&amp;lan=en-US&amp;anchor=www.abb.com&amp;index=3&amp;md5=7de888ac2ef72c2200355a28591c737a\">www.abb.com<\/a><\/p>\n<p><b>Important notice about forward-looking information<\/b><\/p>\n<p>\nThis press release includes forward-looking information and statements which are based on current expectations, estimates and projections about the factors that may affect our future performance, including the economic conditions of the regions and industries that are major markets for ABB. These expectations, estimates and projections are generally identifiable by statements containing words such as \u201canticipates\u201d, \u201cexpects,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201cplans\u201d, \u201ctargets\u201d, \u201caims\u201d or similar expressions. However, there are many risks and uncertainties, many of which are beyond our control, that could cause our actual results to differ materially from the forward-looking information and statements made in this press release and which could affect our ability to achieve any or all of our stated targets. The important factors that could cause such differences include, among others, business risks associated with the COVID-19 pandemic, the volatile global economic environment and political conditions, costs associated with compliance activities, market acceptance of new products and services, changes in governmental regulations and currency exchange rates and such other factors as may be discussed from time to time in ABB Ltd\u2019s filings with the U.S. Securities and Exchange Commission, including its Annual Reports on Form 20-F. Although ABB Ltd believes that its expectations reflected in any such forward-looking statement are based upon reasonable assumptions, it can give no assurance that those expectations will be achieved.\n<\/p>\n<p><sup>_____________________<br \/>\n<br \/>1<\/sup> Calculated to exclude FX impacts and transformational acquisitions and divestments, includes bolt-on acquisitions and divestments within divisions.<br \/>\n<br \/><sup>2<\/sup> Annual savings in the year 2030 from all solutions provided to customers 2021-30<br \/>\n<br \/><sup>3<\/sup> Wherever local conditions allow<br \/>\n<br \/><sup>4<\/sup> Diversity &amp; Inclusion framework\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201118006185r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201118006185\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201118006185\/en\/<\/a><\/span><\/p>\n<p><strong>ABB Ltd<br \/>\n<\/strong><br \/>Affolternstrasse 44<br \/>\n<br \/>8050 Zurich<br \/>\n<br \/>Switzerland\n<\/p>\n<p><strong>Media Relations<br \/>\n<\/strong><br \/>+41 43 317 71 11<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:media.relations@ch.abb.com\">media.relations@ch.abb.com<\/a><\/p>\n<p><strong>Investor Relations<br \/>\n<\/strong><br \/>+41 43 317 71 11<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:investor.relations@ch.abb.com\">investor.relations@ch.abb.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Switzerland Europe<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Electronic Design Automation Engineering Technology Manufacturing Other Technology Software Other Manufacturing<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201118006185\/en\/570302\/3\/ABB_logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>ABB Capital Markets Day 2020 ZURICH&#8211;(BUSINESS WIRE)&#8211; ABB will be hosting its Capital Markets Day today, November 19, starting 11.30 am CET, at which CEO, Bj\u00f6rn 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\u2019s digital strategy Updated financial framework and long-term sustainability targets \u201cABB is a leading technology company, now and in the future. We have the global R&amp;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 remain intact. At &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/abb-capital-markets-day-2020\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;ABB Capital Markets Day 2020&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-384647","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ABB Capital Markets Day 2020 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/abb-capital-markets-day-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ABB Capital Markets Day 2020 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ABB Capital Markets Day 2020 ZURICH&#8211;(BUSINESS WIRE)&#8211; ABB will be hosting its Capital Markets Day today, November 19, starting 11.30 am CET, at which CEO, Bj\u00f6rn 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\u2019s digital strategy Updated financial framework and long-term sustainability targets \u201cABB is a leading technology company, now and in the future. We have the global R&amp;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 remain intact. 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