(AOF) – ABB today presented the strategic axes and financial objectives of its turbocharger subsidiary – whose IPO is imminent – as part of an investor day. The new entity will be listed on the Zurich stock exchange theoretically from October 3, with ABB shareholders receiving 1 Accelleron share for every 20 ABB shares held, Invest Securities recalls in its daily analysis note. On July 20, ABB announced its intention to spin off its Accelleron turbocharger business in a full spin-off.
ABB shareholders are due to vote on the deal on September 7.
Accelleron says it is aiming for organic growth of around 6% this year as well as an operating margin of around 24%.
In the medium term, the company anticipates organic growth of 2% to 4% for an operating margin of between 23% and 26%.
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Great prospects with green hydrogen for the electricity sector
The French hydrogen plan of 7 billion euros, which has been increased to 9 billion, aims to develop an industrial sector for the production of low-carbon hydrogen. Gimélec, the group of companies in the digital electronics sector in France, has identified strong benefits for manufacturers of electrical equipment. For its members, the economic benefits are estimated at 10 billion euros by 2030, then an additional 20 billion for the period 2030 to 2040, mainly for the sector of manufacturers of digital electronic equipment (from transformers to control systems ). This will lead to massive recruitment, in particular in the areas where hydrogen development efforts will be concentrated, in the Mediterranean and in the Seine Valley.