Independent journal on economy and transport policy
13:35 GMT+2
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In the last quarter of last year ABB recorded an increase of +17.9% in new orders
Revenues grew by +5.4%
February 3, 2022
In the last quarter of 2021, the Swiss group acquired new orders worth $8.3 billion, with a robust rise of +17.9%. At 31 December last the value of the order book was 16.6 billion dollars, +16.1% more compared to 31 December 2020.
In the entire 2021 annual financial year, the company has totaled revenues of 28.9 billion dollars, up by +10.8% on the previous year. Operating profit stood at 5.7 billion (+258.9%) and net profit at over 4.6 billion dollars (-10.7%). Last year the total value of the new orders obtained by ABB was almost 31.9 billion dollars (+20.2%).
ABB announced that last year the activities of the Group in the Marine segment have shown a recovery that is was also supported by a positive development in the ship sector cruise, with customers who have started to invest in services in anticipation of the reactivation of activities cruises stopped by the pandemic.
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