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ABB tries to put offshore woes behind it

ABB hopes to see a breakeven fourth quarter in 2014 for its troubled power systems business, the company said during an investor day in September.
The company said it is targeting Ebitda of 7-11% in the power systems business from January 2016 but said it was not making projections for the business profitability in 2015 other than that the business would go “in the right direction”.

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