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ABB raises profitability margin goal to 18-22%

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;))

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