ABB is selling a site of around 7,000 square meters near Zurich-Oerlikon railroad station to real estate service provider Pensimo. The sale will result in an operating gain on disposal of around CHF 290 million before taxes in the first quarter of 2026. ABB no longer needs the site as a strategic land reserve and is taking this step to enable the further development of the Neu-Oerlikon district.
Around 500 apartments, a high-rise building and commercial space are planned for the site. Over the next few years, the former industrial area is to be transformed into a mixed-use district with housing, services, workplaces and cultural and commercial facilities. Due to high land prices, rents are expected to be rather high. At best, individual apartments at cost rents are conceivable, for example as part of a densified site development.
New ABB headquarters in Oerlikon
ABB is expanding its presence in Oerlikon at the same time as selling the land. The Group is planning a new headquarters in the immediate vicinity, into which around 500 employees are expected to move in 2031. The project comprises a renovated, listed existing building and a new six-storey timber composite construction designed by Christ & Gantenbein.
With a gross floor area of around 10,800 square meters, modern working environments including an auditorium, lounge and cafeteria, foyer and exhibition area as well as recreation and fitness areas will be created. The investment volume is around 80 million Swiss francs. ABB CEO Morten Wierod emphasizes the company’s commitment to Switzerland and the city of Zurich. Mayor Corine Mauch speaks of an even more “colorful and lively” district around Oerlikon station in the future.
Strong final quarter of 2025
ABB made significant operational gains in the final quarter of 2025. Comparable sales rose by 9 percent to 9.05 billion US dollars. Order intake developed particularly dynamically, increasing by 32 percent on a comparable basis to USD 10.32 billion, exceeding the USD 10 billion mark in a quarter for the first time.
The operating EBITA margin improved from 16.6% to 17.6%, while adjusted net profit rose by 29% to USD 1.27 billion. For the full year 2025, net profit increased to USD 4.73 billion, around 20% more than in the previous year. The dividend is to be increased from CHF 0.90 to CHF 0.94 per share; at the same time, ABB is announcing a further share buyback program.
Outlook and new buyback program
For the first quarter of 2026, ABB expects comparable sales growth of 7 to 10 percent and a further increase in the margin. For the year as a whole, management expects growth of 6 to 9 percent and slightly higher profitability. Analysts see particularly strong drivers in the data center business and in the Electrification division, where orders increased by around a third.
In addition, ABB is launching a new share buyback program with a volume of up to USD 2 billion, which is scheduled to run until January 27, 2027. A previous program of up to 1.5 billion US dollars has expired. This strengthens the attractiveness of the share and signals confidence in the company’s own earning power.
ABB share at record level
The figures and outlook were rewarded with price gains on the stock market. ABB shares rose by 8.46 percent to 66.38 Swiss francs, reaching a new all-time high of 67.22 Swiss francs. The strong order intake, the improved margin, the increased dividend and the larger share buyback program clearly exceeded the previously cautious expectations.
For the Zurich-Oerlikon site, the combination of the sale of land, the construction of the new Group headquarters and the planned development of the district means a significant structural change. From an industrial site to a dense, urban residential and working district, with high investments, but also with the prospect of further rising rents.