ABB CEO targets profitability as COVID-19, oil price slump bite
The former Sandvik boss said ABB would focus on a decentralised business model, giving more responsibility to 18 divisions.
ABB will focus on profitability before growth, Chief Executive Bjorn Rosengren said on Wednesday, as the Swiss engineering group tackles weaker demand caused by the COVID-19 pandemic and the drop in oil prices.
Rosengren, in his first overview of the company's strategy since taking over in March, confirmed ABB's mid-term financial goals for 3-6% annual sales growth and an operational EBITA profit margin of 13-16%.
The former Sandvik boss said ABB would focus on a decentralised business model, giving more responsibility to 18 divisions, and continue to review its businesses which range from electric vehicle chargers to factory robots and industrial software.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
Next Tesla becomes world’s most valuable automaker, hits $1,000 per share
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
