ZURICH--(BUSINESS WIRE)--ABB CEO Ulrich Spiesshofer was misquoted by Bloomberg News as saying “Margins Will Not Fully Recover This Year.” The word “margins” is incorrect. Dr. Spiesshofer used the word “markets” saying that ABB does not foresee global markets recovering fully this year.
ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. Continuing more than a 125-year history of innovation, ABB today is writing the future of industrial digitalization and driving the Energy and Fourth Industrial Revolutions. ABB operates in more than 100 countries with about 135,000 employees.