In the first trimester of this year the new orders of ABB are increased of 28%



In the first trimester of this year Helvetic group ABB has recorded an sensitive progression of the economic results. The budget of the period clearly shows a profit of 655 million dollars on revenues for 8.402 million dollars, with increments respective of 41% and 21% on 464 million and 6.934 million dollars in the first three months of 2010. Operating profit (EBIT) is piled to 1.013 million dollars (+43%). The company has specified that the EBIT includes burdens for 107 million dollars determined from the acquisition of the American Baldor Electric, that has been capacity to term at the end last January.

"Our results - the managing director of ABB, Joseph Hogan has commented today - demonstrate that we are progressing are in terms of increase that of profits. We are pursuing with success increase fields and the acquisition of the Baldor has offered a great contribution to the results. Moreover our inferior base of cost has continued to reward us increasing the profits of our fields of increase and consolidating the margins whereby we are still waiting for a resumption". "Looking to the future - it has continued Hogan - we attend that the consisting prosecuzione of industrial question supports our activities in the first phases of the production cycle and see positive signs in the fact that our activities tied to infrastructures are in the energetic field that of the automation is on the way of a recovery in the course of this year. The main factors of ABB increase in the long term, that is the increasing energy efficiency necessity, the industrial productivity and more reliable energetic infrastructures is in the mature economies that in those emerged, remain unchanged".

In the first three months of the 2011 group it has totaled new orders for a total value of 10.357 million dollars, with an increase of 28% regarding 8.067 million dollars in the first trimester last year. The value of the pocketbook orders on 31 March era of 29.265 million dollars regarding 25.454 million dollars on March 31, 2010.

In the first trimester of this year branch Italian ABB Italy has recorded orders pairs to 731 million euros, with an increase of 57% regarding 466 million euros in the same period of 2010. The revenues of the company have grown of 28% attesting itself to 653 million euros regarding 512 million euros in the first trimester of 2010. ABB Italy has announced that own profit is increased also, while the percentage of export on the revenues has been attested to 55%, and is continued also the increase of the activities of service that are increased of 23% regarding 2010.

"We begin the year - it has commented Barbara Frei, country manager and managing director of ABB Spa - with a decidedly positive step that regards all the businesses in which we are engaged. It is on the front of the running business that on that of the great store clerks, the first trimester of 2011 evidences the prosecuzione of a distance of increase diffused in our strategic withins which are the energy, the automation and the innovation".