ABB3 Feb 2022 21:08
"ABB (ABB) Q4 2021 Earnings Call Transcript"
Bjorn Rosengren -- Chief Executive Officer
"To support our long-term growth targets, it is time to ramp up the pace when it comes to acquisition. In line with the ambitions, I was pleased to see the e-mobility business increase their ownership in InCharge Energy to strengthen their position on the U.S. EV charging market. As I said before, our ambition is to make at least five acquisitions per year."
[ABB has cash of $3.6Bn and receivables of $6.82Bn]
Ann-Sofie Nordh
"Very good. And just to finish off here, a question on the EV, the e-mobility business. Daniela says, "We have seen strong decreases on the multiples in the market has been willing to pay for EV charging businesses in recent weeks. If this persists, would you consider delaying the EV listing? Or is the timeline fully firmed up?"
Bjorn Rosengren -- Chief Executive Officer
"I mean, that could, of course, happen if the world goes kaput. But as it looks like today, we feel very comfortable about the agenda that we have today. The business is doing great. I think we had, last year, 150% growth, which if you're looking at the last five years, it's actually a CAGR of 60%."
"I don't think you see many businesses like that. I think it's even making profit, and it's a great business. And I think our advisors are saying that their viewpoint is that it will be a great interest for this. I also urge you, if you haven't booked up next week, you can actually find a link on our website."
"We will have in-depth going through that business with the management and talk about the strategy and the future for that. I think it will be interesting, and I hope you have a chance to look in."
Ann-Sofie Nordh
"Thank you. And we are up to the hour. So, we say thank you very much for joining us today. And again, just a quick reminder, as Bjorn mentioned before, if you have the time to tune into the e-mobility session on the afternoon of the 10th, please do so."
Bjorn Rosengren -- Chief Executive Officer
"In addition, we have the Turbocharging business. Although we have not yet made the final decision, a spin-off is looking likely. We will make a final decision by the end of Q1. We aim to have the -- both the e-mobility and the turbocharging processes completed during the first half of this year."
https://www.nasdaq.com/articles/abb-abb-q4-2021-earnings-call-transcript
February 10th, 2022
E-mobility division Capital Markets Day
Zurich, Switzerland
https://e-mobility-capitalmarketsday.events.abb.com/home
Sign In
Follow the stocks
