Zurich, Switzerland, February 13, 2014 – ABB Group today announced that the Group's annual sales revenue has reached a record high in the challenging market environment, with operating profit before interest, taxes, depreciation and amortization, net income and cash flow. increase.
“The business environment is mixed, the power system business is frustrated, and we have achieved solid results, showing the strength of ABB and our global team,†said ABB CEO Shi Bifu.
“Because of the further expansion of product mix and regional layout, the profitability of the automation business has been improved; at the same time, the power product business has maintained a market-leading profitability. We are confident in completing the legacy projects and fully implementing risk control improvement and project management. After the measures, the power system business will achieve more sustainable and more substantial benefits."
Shi Bifu went on to say: "We have successfully implemented the cost-saving policy again, and the cash situation is strong, ensuring that we will provide shareholders with a more substantial dividend return for the fifth consecutive year."
In the second half of 2013, the market demand for the leading cycle continued to improve, but due to the delay of large-scale projects, the order reserve at the end of last year decreased. At the same time, as the power system business strengthened the selection of orders, the order amount also declined.
Shi Bifu said: "We confirm the profit and capital turnover goals. These are important indicators to measure the health of industrial enterprises. In the planning cycle (refer to the 2011-2015 medium and long-term strategic planning), our current sales revenue compound annual growth rate Expectations reflect the low rate of global economic recovery and include factors affecting the adjustment of the power system business. Our goal is to achieve an attractive cash return on capital investment of around 15% in the current 2011-2015 planning cycle. And continue to drive the growth of earnings per share. We will announce the strategic blueprint and long-term financial goals in September this year."
"We have developed a clear 2014 action plan that includes: organic growth in our business, further strengthening cost control, achieving higher cash flow, and achieving more stable returns in the power systems business," said Shi Bifu. The situation is complex and changeable. Due to the good financial position of the Group, we have sufficient operational space in the process of achieving the set goals. By implementing the 'profit-making growth, business-led cross-departmental cooperation and spare no effort to fully implement' strategy, we systematically Steadily continue to create higher value for shareholders."
“The business environment is mixed, the power system business is frustrated, and we have achieved solid results, showing the strength of ABB and our global team,†said ABB CEO Shi Bifu.
“Because of the further expansion of product mix and regional layout, the profitability of the automation business has been improved; at the same time, the power product business has maintained a market-leading profitability. We are confident in completing the legacy projects and fully implementing risk control improvement and project management. After the measures, the power system business will achieve more sustainable and more substantial benefits."
Shi Bifu went on to say: "We have successfully implemented the cost-saving policy again, and the cash situation is strong, ensuring that we will provide shareholders with a more substantial dividend return for the fifth consecutive year."
In the second half of 2013, the market demand for the leading cycle continued to improve, but due to the delay of large-scale projects, the order reserve at the end of last year decreased. At the same time, as the power system business strengthened the selection of orders, the order amount also declined.
Shi Bifu said: "We confirm the profit and capital turnover goals. These are important indicators to measure the health of industrial enterprises. In the planning cycle (refer to the 2011-2015 medium and long-term strategic planning), our current sales revenue compound annual growth rate Expectations reflect the low rate of global economic recovery and include factors affecting the adjustment of the power system business. Our goal is to achieve an attractive cash return on capital investment of around 15% in the current 2011-2015 planning cycle. And continue to drive the growth of earnings per share. We will announce the strategic blueprint and long-term financial goals in September this year."
"We have developed a clear 2014 action plan that includes: organic growth in our business, further strengthening cost control, achieving higher cash flow, and achieving more stable returns in the power systems business," said Shi Bifu. The situation is complex and changeable. Due to the good financial position of the Group, we have sufficient operational space in the process of achieving the set goals. By implementing the 'profit-making growth, business-led cross-departmental cooperation and spare no effort to fully implement' strategy, we systematically Steadily continue to create higher value for shareholders."
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