abb has issues within its emobility business that the group must fix after a disappointing secondquarter performance for the business relative to the rest of the group chief executive bjoern rosengren said thursday noting that the company is still planning an initial public offering for the unit emobility in the second quarter reported a 67 millioneuro 751 million operating loss before interest taxes and amortization after booking provisions related to inventories and technology investments the swiss industrial company said rosengren during a postearnings call with analysts said the provisions were also the result of the businesss new management team working toward a more focused product strategy in spite of the result the business grew well in the second quarter rosengren said orders rose by 73 an abb spokesman said when approached by dow jones newswires abb which had originally wanted to do an initial public offering of the business in the second quarter of last year said its strategy to proceed with an ipo hasnt changed however it doesnt see an ipo of the business taking place before the end of year rosengren said