April 19, 2018 / 6:11 AM / 3 months ago

BRIEF-ABB CEO says power grids business will reach margin target in 2018

April 19 (Reuters) - ABB Ltd:

* ABB CEO SAYS WITH REGARDS TO POWER GRIDS: PORTFOLIO IS NOW SHAPED, NOW WE EXECUTE ON THE PLAN, BUSINESS LEADERSHIP AND BOARD FULLY ALIGNED

* ABB CEO SAYS POWER GRIDS WILL GET IN PROFIT MARGIN CORRIDOR OF 10 TO 14 PERCENT IN 2018 Source text for Eikon: Further company coverage: (Reporting By John Revill)

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