Independent journal on economy and transport policy
07:07 GMT+1
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After a negative first quarter, ABB expects its results to fall further in the second quarter
In the first three months of this year, revenues fell by -9%
April 28, 2020
In the first three months of this year, the turnover recorded ABB was 6.22 billion dollars, with a drop in the -9% over the same period of 2019. Costs amounted to 4.31 billions of dollars (-7%). Operating profit was 373 million dollars (-37%) net profit at 380 million dollars (-33%). In the first quarter of 2020, the value of the new orders acquired by ABB was 7.35 billion dollars (-4%) and the value of the orderbook as of March 31st is result of 13.70 billion dollars, a decrease of -1% March 31, 2019.
ABB expects the crisis caused by the health emergency will also have a significant impact on the results of the company's second quarter, with revenues and orders - he said group - which will see a substantial decline in all segments of activity.
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In the first three months of this year, the turnover recorded ABB was 6.22 billion dollars, with a drop in the -9% over the same period of 2019. Costs amounted to 4.31 billions of dollars (-7%). Operating profit was 373 million dollars (-37%) net profit at 380 million dollars (-33%). In the first quarter of 2020, the value of the new orders acquired by ABB was 7.35 billion dollars (-4%) and the value of the orderbook as of March 31st is result of 13.70 billion dollars, a decrease of -1% March 31, 2019.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
