ABB Group – Company Information
|Headquarters||Affolternstrasse 44, CH-8050 Zurich, Switzerland|
|Founder||ASEA and BBC merger|
|NYSE stock symbol||ABB|
|Revenue||$39.830 billion (2014)|
|Net income||$2,718 million (2014)|
|Earnings per share||$1.13 USD (2014)|
|Corporate contact number||+41 (0)43 317 7111|
ABB Group is a Swiss multinational robotics company, based in Zurich.
It is a global leader in power and automation technologies, with operations in approximately 100 countries and a team of over 150,000 employees.
ABB Group’s businesses are are organized into five global divisions:
Power Products – offers power distribution and traction transformers, circuit breakers, capacitors, switchgear, and instrument transformers.
Power Systems – provides turnkey solutions for power generation plants, distribution networks and transmission grids.
Discrete Automation and Motion – develops and markets drives, generators, motors, robotics, PLCs, wind converters, UPS systems, mechanical power transmission, voltage regulators, traction converters, excitation systems, fast DC chargers, solar inverters, and rectifiers.
Low Voltage Products – focuses on solutions for electrical applications, including low-voltage circuit breakers, switches, control products, wiring accessories, enclosures and cable systems.
Process Automation – offers products that optimize the productivity of industrial processes, including turnkey engineering, control systems, measurement products, life cycle services, outsourced maintenance and industry specific products.
ABB was created in 1988 following a merger of the Swiss company Brown, Boveri & Cie (BBC) and the Swedish corporation Allmänna Svenska Elektriska Aktiebolaget (ASEA).
The company is publicly listed on the SIX Swiss Exchange, the Stockholm Stock Exchange, the London Stock Exchange, the Frankfurt Stock Exchange, and the New York Stock Exchange (NYSE)
|Operating Data (in millions of USD)||2014*||2013*|
|Sales of products||$33,279||$35,282|
|Sales of services||$6,551||$6,566|
|Cost of products||$(24,506)||$(25,728)|
|Cost of services||$(4,109)||$(4,128)|
|Total cost of sales||$(28,615)||$(29,856)|
|Selling, general and administrative expenses||$(6,067)||$(6,094)|
|Non-order related research and development expenses||$(1,499)||$(1,470)|
|Other income (expense), net||$529||$(41)|
|Income from operations||$4,178||$4,387|
|Income from continuing operations before taxes||$3,896||$4,066|
|Income from continuing operations, net of tax||$2,694||$2,944|
|Net income attributable to ABB||$2,594||$2,787|
|Balance Sheet Data (in millions of USD)|
|Total ABB stockholders’ equity||$16,269||$18,678|
|Cash Flow Data (in millions of USD)|
|Net cash provided by operating activities||$3,653||$3,653|
|Net cash used in investing activities||$(1,121)||$(717)|
|Net cash provided by (used in) financing activities||$(3,024)||$(3,856)|
|Cash and equivalents, end of period||$5,443||$6,021|
|Common Share Data (in USD)|
|Basic earnings per share attributable to ABB shareholders||$1.13||$1.21|
|Diluted earnings per share attributable to ABB shareholders||$1.13||$1.21|
*Years Ended December 31