News
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Group press release
Q1 2024 results
Positive book-to-bill, record-high margin and strong cash flow
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Group press release
ABB launches new share buyback program of up to $1 billion
On April 1, 2024, ABB will launch its previously announced new share buyback program of up to $1 billion. Based on the current ABB share price this represents a maximum of approximately 21.3 million shares. The maximum number of shares that may be repurchased under this new program on any given trading day is 692,486. This new program is consistent with ABB’s capital allocation principles
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Group press release
Tarak Mehta to leave ABB
ABB announced today that Tarak Mehta, President Motion Business Area and Member of the Executive Committee, has decided to leave ABB since he has accepted the role as CEO of another company. Tarak will leave ABB at the end of July this year. Tarak joined ABB in 1998 and has since then held a number of positions of increasing responsibility in the United States, Sweden and Switzerland. He joined
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Group press release
ABB plans to launch new share buyback of up to $1 billion following completion of 2023–2024 program
ABB has completed its share buyback program that was launched in April 2023. Through this buyback program, ABB repurchased a total of 21,387,687 shares – equivalent to 1.09 percent of its issued share capital at launch of the buyback program – for a total amount of approximately $0.83 billion over the past 12 months. ABB’s Board of Directors intends to use the capital band approved at the 2023
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Group press release
ABB shareholders approve all proposals at 2024 Annual General Meeting
ABB shareholders have approved all the proposals of the company’s Board of Directors at its 2024 Annual General Meeting, which was held in Zurich, Switzerland, today. A total of 623 shareholders attended the meeting who, together with the independent proxy, represented 57.7 percent of the total share capital with a right to vote. The shareholders supported the proposed distribution of an increased
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Group press release
ABB reports participation in Dividend Access Facility 2024
The dividend is subject to approval by the shareholders at the Annual General Meeting on March 21, 2024. Shareholders representing 183’778’223 shares are participating in ABB Ltd’s Dividend Access Facility (DAF), corresponding to 40% of ABB Ltd shares registered with Euroclear Sweden. Shareholders participating in the DAF will be registered temporarily as shareholders without right to a dividend
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Article
ABB Launches SEN Plus Low–voltage Switchgear in Saudi Arabia
ABB a global leader in energy efficiency and technology has launched its game-changing newest product SEN Plus switchgear in Riyadh, Saudi Arabia. The event engaged an audience of End-users, contractors, panel builders, and consultants, plus, featured dedicated technical presentations highlighting ABB low voltage platform offerings for dedicated segments. The event provided a chance to explore the
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Success story
ABB Pakistan celebrates 30 years of Excellence
The year 2022 marks the 30-year anniversary of ABB’s presence in Pakistan. 30 years is a long period – it’s even called a generation. Over the past three decades, we have strived for excellence and are seeking to live it every day. Excellence is our attitude - each and every employee contributes with their ideas so that we can always improve our way of working and collaborating with internal and
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