Independent journal on economy and transport policy
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ABB is returning to revenue growth and the value of new orders
However, the result for shareholders was negative after 67 consecutive quarters of profits
February 4, 2021
In the last quarter of 2020, after eight consecutive quarters decline, the value of the new orders forfeited by ABB, which amounted to 7.00 billion dollars (+1.7%). As of December 31st, the value of the portfolio orders was 14.30 billion (+7.3%).
In the full 2020 financial year, the group totalled revenues of $26.13 billion, with a decrease in the -6.6% on the previous year. Costs stood at 18.26 billion (-4.3%), operating profit was 1.59 billion (-17,8%) and net profit of $5.20 billion (+240.6%). It is not a last year the total value of the new orders was $26.51 billion (-7.3%).
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In the last quarter of 2020, after eight consecutive quarters decline, the value of the new orders forfeited by ABB, which amounted to 7.00 billion dollars (+1.7%). As of December 31st, the value of the portfolio orders was 14.30 billion (+7.3%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
