ABB Raises the Bar with Ambitious Sales Goals

ABB Engineering Group reveals ambitious sales and profitability goals

ABB, the Engineering Group, raises sales and profitability goals.

ZURICH, Nov 30 (ANBLE) – Attention, ladies and gentlemen! Brace yourselves for some exciting news from ABB (ABBN.S), the Swiss engineering group. They have just unleashed their mighty ambition to dominate the sales game! ABB expects an astonishing annual sales increase of not just 4% to 7%, oh no, that’s too modest for them. They’re aiming for 6% to 9% growth each year starting from 2024! It’s like they’re driving a Ferrari and stepping on the accelerator – nothing can stop them now!

But hold on tight, folks! ABB isn’t relying only on magic or divine intervention to achieve these remarkable targets. They’re going to make most of the sales through their own sheer brilliance and hard work. That’s right, internal growth is projected to contribute a whopping five to seven percentage points of extra revenue. But wait, there’s more! ABB expects to add another one to two percentage points to their sales through acquisitions. Talk about putting some extra oomph in their sales strategy!

ABB is a force to be reckoned with in the world of industry and transportation networks. They supply robots, electrification equipment, and motors, making sure everything runs smoothly in the realms of factories and transportation. Their products range from electric vehicle chargers to industrial controllers. They’ve mastered the art of keeping things charged up and in control.

Now, here’s where it gets even more exhilarating. ABB has decided to take the already impressive bar they’ve set for themselves and raise it even higher. They’re boosting their core profitability target to a mind-blowing range of 16% to 19%. This shows that ABB means business, like a wrestler flexing their bulging biceps before stepping into the ring. It’s a display of strength and determination that demands respect.

ABB’s CEO, Bjorn Rosengren, is leading the charge, not hesitating to proclaim their confidence in the face of global uncertainties. Germany’s Siemens (SIEGn.DE) and France’s Schneider Electric (SCHN.PA) have also recently shown their unwavering faith in their futures. It’s like a trio of industrial heroes standing tall and shouting, “Bring it on, world!”

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In case you missed it, the International Monetary Fund recently downgraded its forecast for global growth next year due to rising interest rates. But fear not, for ABB is undeterred. They believe the world is heading towards reducing carbon emissions and embracing sustainable technology. Customers are increasingly seeking efficiency, factory automation, and digitalization. ABB is ready to ride this wave of progress, skillfully navigating towards success.

In fact, approximately 70% of ABB’s business is already striding forward, fueled by the goal of internal growth. But they’re not done yet. ABB plans to fill any technological gaps they may have by acquiring five to ten small to mid-size companies per year. It’s like they’re building a powerful robot army, gathering the missing puzzle pieces to complete their grand vision.

So, my dear readers, let us applaud ABB for their audacity and determination. They’ve set their sights on the stars, aiming to soar to daring heights in the world of sales. With their strategic growth mandate, they’re barreling forward like a bullet train, ready to conquer challenges and open up new opportunities.

Source: The Thomson ANBLE Trust Principles

Hey there, readers! What do you think of ABB’s ambitious sales goals? Are they reaching for the moon or biting off more than they can chew? We would love to hear your thoughts and opinions on this electrifying topic. Drop us a comment below and let’s spark some engaging discussions!

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