ABB Ltd Management Report 2017
ABB Ltd is the holding company of the ABB Group, owning directly or indirectly all subsidiaries globally.
The major business activities during 2017 can be summarized as follows:
The Company provided management services to a Group company of CHF 26 million.
- share buyback for employee share programs of CHF 244 million;
- share deliveries for employee share programs of CHF 207 million.
Dividend payment to external shareholders
- from retained earnings of CHF 1,288 million.
The Company reduced its share capital by CHF 6 million in form of cancellation of 47 million shares of a par value of CHF 0.12.
In 2017, the Company employed on average 21 employees.
Once a year, the Company’s Board of Directors performs a risk assessment in accordance with the Group’s risk management process and discusses appropriate actions if necessary.
The Company does not carry out any research and development business.
In 2018, the Company will continue to operate as the holding company of the ABB Group. No change of business is expected.
February 22, 2018