QUOTE AND NEWS
OilVoice  Apr 3  Comment 
ABB the leading power and automation technology group has been awarded a 175 million contract to upgrade the power generation capacity at Zirku oil and gas processing facilities in the Gulf. The or
The Hindu Business Line  Mar 28  Comment 
Targets 20-25% growth from off-grid areas
Cloud Computing  Mar 28  Comment 
SYS-CON Events announced today that MetraTech Corp., the leading global provider of Agreements-Based Billing™ (ABB), Commerce and Settlement solutions, has been named “Bronze Sponsor” of SYS-CON's 14th International Cloud Expo®, which will...
The Hindu Business Line  Mar 27  Comment 
  ABB India Limited is aiming to penetrate into rural market with its Solar Pump Drive, which is capable of replacing the conventional water pumps that are run by diesel or electrici...
The Economic Times  Mar 26  Comment 
There is no link between the rate at which these royalties are increasing versus the rate at which the firm’s top line itself is increasing.
Reuters  Mar 21  Comment 
Swiss engineering group ABB said on Friday it has agreed to sell its U.S. Thomas & Betts' heating, ventilation and air conditioning business to U.S. conglomerate Nortek for $260...
The Economic Times  Feb 26  Comment 
ABB is a 'BUY' call with a target of Rs 126 and a stop loss of Rs 112.
The Economic Times  Feb 24  Comment 
These cos will find avenues to deploy their inventory, deploy their capacities in a profitable way and not depend on the domestic capex cycle, says Diwan.
The Hindu Business Line  Feb 20  Comment 
ABB has won orders worth around ₹310 crore from Power Grid Corporation of India Ltd for supplying power transformers and shunt reactors. The supply will be for substations being built to sup...
The Hindu Business Line  Feb 20  Comment 




 
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ABB is a global provider of power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. Their core offering is elimination of waste due to to inefficient energy transmission or unnecessary labor hours which ABB provides with hardware and service solutions. 2008 EBIT was a record $4.6B [1]

[trends and forces overview]

Business and Financials

The company serves electric, gas, and water utilities, as well as industrial and commercial customers, with a broad range of products, systems, and services for power transmission, distribution, and power plant automation. The company also delivers automation systems for measurement, control, motion, protection, and plant optimization across a full range of industries. The company applies its expertise to develop creative ways of integrating its products and systems with customers' business processes to enhance their productivity and efficiency. The company is international in scope and generates revenues in numerous currencies. The company operates in approximately 100 countries, and has structured its global organization into four regions: Europe, the Americas, Asia, and the Middle East and Africa (MEA), which contributed roughly 46%, 19%, 25%, and 10% respectively to total revenue. The company is headquartered in Zurich, Switzerland. ABB has four operating segments with a range of products. However, 55% of 2008 revenue and 68% of operating profits are driven by ABB's niche position in switchgear circuit breakers.

Figures ($Millions) [1] 2008 2007 2006 '07 to '08% Change
Power Products
Orders 13,267 11,320 8,572 20%
Revenue 11,980 9,777 7,275 22%
EBIT 2,100 1,596 939 32%
Power Systems
Orders 7,408 7,744 5,733 (4)%
Revenue] 6,912 5,832 4,544 19%
EBIT 592 489 279 21%
Automation Products
Orders 10,872 9,314 7,706 17%
Revenue] 10,250 8,644 6,837 19%
EBIT 1,908 1,477 1,053 29%
Process Automation
Orders 8,657 7,935 6,550 9%
Revenue] 7,815 6,420 5,448 22%
EBIT 926 683 541 36%
Robotics
Orders 1,658 1,488 1,240 11%
Revenue 1,642 1,407 1,288 17%
EBIT 9 79 1 (89)%


Business Segments

Power Products (31.0% of 2008 Revenue)

The Power Products division serves electric, gas, and water utilities, as well as industrial and commercial customers with a broad range of products and services for power transmission and distribution. Key technologies include high- and medium-voltage switchgear and apparatus, circuit breakers for various current and voltage levels, power and distribution transformers, and sensors and products to automate and control electrical and other utility networks.

Power Systems (17.9% of 2008 Revenue)

The Power Systems division serves electric, gas, and water utilities, as well as industrial and commercial customers, with a broad range of systems and services for power generation, transmission, and distribution. Key technologies include substations, high-voltage power converters, advanced cables for underground and undersea power transmission, and systems to automate and control power plants, electrical, and other utility networks.

Automation Products (26.6% of 2008 Revenue)

The Automation Products division provides products, with related services, that are used as components in machinery, switchboards, distribution panels, and building and automation systems. The Automation Products offering covers a wide range of products and services including low-voltage switchgear, breakers, switches, control products, DIN-rail components, enclosures, wiring accessories, instrumentation, drives, motors, generators, and power electronics systems. These products help customers to improve productivity, save energy, and increase safety. Key applications include power distribution, protection and control, energy conversion, data acquisition and processing, and actuation. The majority of these applications are for industrial applications, with others provided for building construction, rail transportation, and utilities.

Process Automation (20.2% of 2008 Revenue)

The Process Automation division provides products, systems, and services for the automation and optimization of industrial processes. The main offerings are process automation, plant electrification and quality control systems, analytical measurement devices, turbochargers, and marine propulsion and control systems. The key end markets are the oil and gas, pulp and paper, metals and minerals, chemicals and pharmaceuticals, turbocharging, and marine industries.

Robotics (4.3% of 2008 Revenue)

The Robotics division offers robot products, systems, and service for the automotive and manufacturing industries. The division develops standardized manufacturing cells for machine tending, welding, cutting, painting, and finishing and provides packaged systems to Auto Makers for press automation, paint process automation, and power train assembly. The division also provides a full range of robotics services, from product maintenance to system design.

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Trends and Forces

Increasing Revenue from Developing Nations

in 2008 for the first time in ABB's history, revenue from developing nations exceeded revenue from developed nations.

Need for Investment in Power Infrastructure

Worldwide Focus on Efficient Energy Production

Competition

Siemens AG (SI)

Emerson Electric Company (EMR)

Honeywell International (HON)

Rockwell Automation (ROK)



References

  1. 1.0 1.1 1.2 ABB 2008 6-K (filed 2/14/2009)
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