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ABB: revises financial targets

( - At its CMD in Frosinone, Italy, ABB said that it is raising its long-term comparable sales growth target range to 5%-7% (from 3%-5%), along with its annual operating EBITA margin target to 16%-19% (from at least 15%).

In addition, the Swiss industrial group aims to improve its guidance for core EPS growth over the business cycle.

The updated guidance is partly based on accelerating demand for sustainability-driven electrification and automation solutions as the world moves towards common emissions targets aligned with the 1.5°C objective.

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