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ABB won't rush float of $2.9 billion electric vehicle charging business - CEO

ABB won't rush float of $2.9 billion electric vehicle charging business - CEO ZURICH, Feb 2 (Reuters) - ABB ABBN.S won't be rushed into the flotation of it 2.6 billion Swiss franc ($2.86 billion) E-Mobility electric vehicle charging business, Bjorn Rosengren said on Thursday after the company reported fourth quarter earnings. "At the moment we don't feel pushed to do an IPO very quickly," Rosengren told reporters.

ABB sees demand 'normalising' in 2023 after stock build-ups

UPDATE 2-ABB sees demand 'normalising' in 2023 after stock build-ups Company sees no major demand setbacks ahead Expects full year revenues to increase by 5% Says demand improved slightly or stable in most areas Recasts adding CEO comment, background By John Revill ZURICH, Feb 2 (Reuters) - Swiss engineering company ABB ABBN.S expects demand for its products to "normalise" during 2023, it said on Thursday, after customers built up stocks and pre-ordered to avoid supply chain disruptions and comp

ABB posts Q4 net profit of $1.13 bln, beating forecasts

ABB posts Q4 net profit of $1.13 bln, beating forecasts ZURICH, Feb 2 (Reuters) - ABB ABBN.S reported better than expected earnings for its fourth quarter on Thursday, posting net profit of $1.13 billion as the Swiss engineering and group said it expected strong growth at the start of 2023. The company, whose products range from electric chargers to cars and buses and industrial motors and drives, had been forecast by analysts to post net profit of $718 million.

ABB: nominates new member to board of directors

BRIEF-ABB: nominates new member to board of directors Feb 2 (Reuters) - Abb Ltd ABBN.S : ABB NOMINATES NEW MEMBER TO BOARD OF DIRECTORS DENISE C. JOHNSON NOMINATED FOR ELECTION AT UPCOMING AGM SATISH PAI TO STEP DOWN FROM BOARD Further company coverage: ABBN.S Reporting by Berlin Newsroom

Swiss stocks - Factors to watch on February 2

Swiss stocks - Factors to watch on February 2 ZURICH/BERLIN, Feb 2 (Reuters) - The Swiss blue-chip SMI .SSMI was seen opening up 0.45% at 11,251 points on Thursday, according to premarket indications by bank Julius Baer JBPRE01 . Here are some of the main factors that may affect Swiss stocks on Thursday: ROCHE HOLDING AG ROG.S Roche ROG.S predicted a decline in 2023 earnings as revenue growth from new drugs such as haemophilia treatment Hemlibra and multiple sclerosis drug Ocrevus would not make


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