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ABB ZURICH , SWITZERLAND , DECEMBER 7 , 2021 ABB Capital Markets Day 2021 : Cementing Performance Culture • Revenue growth target lifted to 4-7 % through economic cycle Group Operational EBITA margin target sharpened to at least 15 % as from 2023 • Sustainable transport supporting mid - term growth story • CEO : “ Demand has remained robust this far and we anticipate positive market momentum in 2022 but still have to manage supply chain disruptions " • Swiss IPO for E - mobility planned for H1 2022 • CFO : " Continued strong cash flow generation to support organic growth and M & A ” • Introduction of ABB Circularity Framework as part of 2030 Sustainability Strategy ABB will be hosting its Capital Markets Day today , December 7 , starting 12.00 midday CET . At the event , CEO , Björn Rosengren , CFO , Timo lhamuotila , as well as other members of the Executive Committee , will give an update on ABB's ongoing transformation into a more profitable group with increased growth rates , its updated financial targets and its portfolio management efforts . Furthermore , they will give insights into its technologies and offerings that promote sustainable transport . " Over the last 24 months , ABB has made solid progress in implementing its decentralized organization and improving quality of revenues . But we are still not where we want to be , ” said CEO Rosengren . " Our technology leadership in electrification and automation , aligned with sustainability and the global megatrends , is at the core of ABB's Purpose and gives us a competitive edge . Nevertheless , we need to cement a high performance and integrity culture in everything we do . Therefore , a sharpened focus on accountability , transparency and speed in 2022 will help drive growth , lift profitability and create further value for shareholders . " Improving performance Since the start of 2020 , ABB has decentralized its organization to bring business decisions closer to the customer and successfully rolled out its new operating model called ABB Way , including the introduction of a scorecard - based performance management system . Furthermore , the Group has focused on a better quality of revenues by targeting high - growth segments ( e.g. data centers , food and beverage , EV 1/4