Positive fourth trimester 2010 of group ABB



In the period October-December of the 2010 economic performance of Helvetic group ABB they are returned to grow after three consecutive months of descendent trend. The company clearly has archived item the entire exercise anniversary 2010 with a profit of 2,56 billion dollars on revenues for 31,59 billion dollars, with decrease respective of 11.7% and 0.6% on the year precedence, and the operating result is diminished of 7.5% to 3,82 billion dollars.

In fourth trimester last year ABB it has totaled a profit clearly of 700 million dollars on revenues for 9,18 billion dollars, in increase respective of 29.6% and 4.8% on the correspondent period of 2009. The operating profit has been attested to 978 million dollars (+22.6%).

In the 2010 group it has confiscated new orders for a value of 32,68 billion dollars (+5.5% on 2009). In the solo fourth trimester of the year the value of the orders has been of 8,75 billion dollars (+17.5% on fourth trimester 2009). The value of orderbook of ABB on 31 December the era of 26,19 billion dollars (+5.7% on on December 31, 2009).

Last year ABB Italy, the Italian division of the group, has recorded revenues for 2,46 billion euros (+16.4% on a 2009) and ordered one of 2,24 billion euros (- 2.4%). ABB Italy has specified that the relative value to the ordered one generated from the running business (2,04 billion euros) turns out moreover in clean increase (+16%), if confronted with same data 2009, year in which the society it has recorded two mega orders in the field of the oil & gas that they influence I confront with 2010.

In the 2010 relative weight on the revenues of the five operating divisions of ABB Italy it turns out to be the following one: Low Voltage Products 30%, Process Automation 25%, Discreet Automation & Motion 13%, Power Products 24%, Power Systems 8%.

"2010 - Barbara Frei has explained, than in July 2010 he has assumed the country role manager and managing director of ABB Spa - are characterized by revenues in substantially stable increase and orders: behind the data of the ordered one we read a strong acceleration in these last ones in the second half of the year. We have assisted to a decided resumption of the running businesses and to a return to the levels of 2008 regarding the activities to short cycle, in particular in produced of lowland the tension and the business of the division Power Systems. Against a stability in the percentage of revenues legacies to the activities of export, we record a total increase of about 15% on the Italian market, with a consolidation of our engagement and of our presence in the section of renewable energies, the first between all field of the solar one that has generated important opportunities for all our divisions, is regarding the supply of producing and specific services, than for the realization of systems. I would want also to mention as during the entire year the service activities progressively have grown of about 20%, online with our expectations, our strategies and our intense development plans".

The societies of group ABB employ about 124.000 dependent in beyond 100 nations. The dependent totals in Italy on December 31, 2010 are 5,550 of which 5,368 permanent ones.