GE - Perceived Weakness In ABB Robotics And Discrete Automation
Introduction
In February of this year, ABB (ABB) management laid out their strategy for the Robotics and Discrete Automation (“RA”) business during an Investor Day presentation. Despite an expectation that RA results will "...decline by more than 30 percent year-on-year" in Q2 FY '20 due to economic effects from the Coronavirus, RA is still poised to benefit from secular industrial trends, including requirements around increased productive capacity, greater manufacturing flexibility, and an ability to produce short runs of highly customized products. These trends underpin management’s estimate of a $75B addressable market growing