abb ltd on tuesday updated its targets ahead of its capital markets day raising its earnings expectations but flagging supplychain issues that will persist into 2022 the swiss engineering company increased its growth target to 47 through the economic cycle alongside honing its outlook for operational earnings before interest taxes and amortization to at least 15 as from 2023 the zurichbased company previously targeted 35 for revenue growth and an operational ebita margin in the upper half of a 1316 range from 2023 it said abbs chief executive bjorn rosengren said that the company anticipates positive market momentum in 2022 but will still have to manage supplychain disruptions which will most likely impact customer deliveries in the fourth quarter and at least the early part of next year a sharpened focus on accountability transparency and speed in 2022 will help drive growth lift profitability and create further value for shareholders he said the company also flagged an initial public offering for its emobility division in the first half of 2022 and said it expects to make five or more small to midsized acquisitions a year