Description
ABB said improved profitability in its robotics division more than offset unfavorable developments in machine automation, which has been hampered by delivery delays and rising costs amid tight supply chains.
It is worth noting that in this financial report, ABB also announced the specific amount of the acquisition of AMR robot company ASTI Mobile Robotics in July. The acquisition cost a total of US$190 million.
At the same time, the financial report also pointed out that ASTI Solutions’ current annual revenue is US$50 million, with an annual growth rate of 30%. With ABB’s sales and partner network, ASTI will be able to expand its business scope from 20 companies to include China. of 53 companies around the world.
future outlook
ABB has made four predictions for future development:
First, in the fourth quarter of 2021, ABB expects supply chain tensions to continue, which will have an impact on customer deliveries. Sales growth on a comparable basis is expected to be roughly the same as in the third quarter.
Second, based on recent developments, operating EBITDA margins are expected to decline sequentially in the fourth quarter.
Third, due to supply chain constraints at the end of the year, ABB expects full-year comparable sales revenue growth of 6% to 8% in 2021 (previous forecast was slightly less than 10%).
Fourth, ABB expects that the operating profit margin before interest, taxes, and amortization will increase significantly in 2021 compared with 2020, and the target will reach the upper half range of 13%-16% by 2023.
ABB is a global technology leader committed to promoting social and industry transformation and achieving a more efficient and sustainable future. ABB integrates intelligent technology into electrical, robotics, automation, and motion control products and solutions through software, continuously expanding technological boundaries and improving performance to new heights. ABB has a history of excellence spanning more than 130 years, with operations in more than 100 countries and regions around the world and 105,000 employees.
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