QUOTE AND NEWS
The Hindu Business Line  Apr 18  Comment 
ABB India today said it has won order worth about Rs 178 crore, from Power Grid Company Of Bangladesh Ltd. ABB India will build two new substations and upgrade two existing substations, all locate...
SeekingAlpha  Apr 17  Comment 
Automotive World  Apr 13  Comment 
Peter Voser, Jacob Wallenberg, Matti Alahuhta, David Constable, Louis R. Hughes, Federico Fleury Curado, David Meline, Satish Pai and Ying Yeh were re-elected for another term. The shareholders elected Lars Förberg to join the Board. The...
Automotive World  Apr 11  Comment 
ABB China Managing Director Chun-Yuan Gu is appointed President of the Asia, Middle East and Africa (AMEA) region; Frank Duggan succeeds Bernhard Jucker as President of the Europe region; both will be members of the Executive Committee ABB today...
Automotive World  Apr 10  Comment 
Shareholders representing 449’470’006 shares are participating in ABB Ltd’s Dividend Access Facility (DAF), corresponding to 92% of ABB Ltd shares registered with Euroclear Sweden. Shareholders participating in the DAF will be registered...
Automotive World  Apr 4  Comment 
ABB today announced the acquisition of B&R, the largest independent provider focused on product- and software-based, open-architecture solutions for machine and factory automation worldwide. B&R, founded in 1979 by Erwin Bernecker and Josef Rainer...
SeekingAlpha  Apr 4  Comment 
SeekingAlpha  Mar 29  Comment 
The Hindu Business Line  Mar 28  Comment 
Looking for tech to complement its line of business




 
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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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