HomeDigitalizationAutomationPositive order news for ABB

Positive order news for ABB

ABB has recorded an increase in its orders for the first time in two years.
Ulrich Spiesshofer
The power technology and automation group posted a small increase in new business on Wednesday. Orders increased 0.2 percent to $8.277bn in the three months ended Dec. 31 from the same period a year earlier and à‚ marked an improvement from the $7.53bn in the previous quarter.

“We delivered growth in the fourth quarter, driven by the strong performance of Power Grids, in a continued tough market,” said Chief Executive Ulrich Spiesshofer in a statement.

New projects amounting to $842m, including one to provide an 1,800 km power link connecting southern and central India, helped reverse the recent order decline.

The company said macroeconomic and geopolitical developments are signalling a mixed picture with continued uncertainty, although there were positive signs in the United States and it expected growth to continue in China.