ZURICH, Nov 18 (Reuters) - ABB ABBN.S raised its profitability margin goal on Tuesday as the slimmed-down Swiss engineering group prepares to concentrate on electrification and industrial automation.
The company, which is selling its industrial robots business to SoftBank Group for $5.4 billion, is aiming for an operational earnings before interest, tax and amortisation margin of 18-22% over the next few years, up from its current goal of 16-19%.
(Reporting by Ariane Luthi, Editing by Friederike Heine)
((Ariane.Luthi@thomsonreuters.com;))