ABB Group – Company Information
ABB Group – Company Overview
|Headquarters||Affolternstrasse 44, CH-8050 Zurich, Switzerland|
|Founder||ASEA and BBC merger|
|NYSE stock symbol||ABB|
|Total Revenue||$33.828 billion (2016)|
|Net income||$2,034 million (2016)|
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.
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)
ABB Group – Financial Results
|Key Figures (in millions of USD)||2016*||2015*|
|Sales of products||$27,816||$29,477|
|Income from operations||$2,987||$3,049|
|Income from continuing operations before taxes||$2,799||$2,840|
|Net income attributable to ABB||$1,899||$1,933|
|Total ABB stockholders’ equity||$13,395||$14,481|
|Cash and equivalents, beginning of period||$4,565||$5,443|
|Cash and equivalents, end of period||$3,644||$4,565|
*Years Ended December 31
Source: “ABB Group Form 20-F 2016”