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20 August 2019 The on-line newspaper devoted to the world of transports 16:09 GMT+2



April 27, 2011

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Original news
In the first quarter this year, ABB's new orders increased by 28%

The group ended the period with a net profit of 655 million dollars (+41%)

In the first quarter of this year the Swiss group ABB reported a significant progression of economic performance. The budget for the period shows a net profit of 655 million dollars on revenues of 8.402 billion dollars, with increases of 41% and 21% to 464 million and 6.934 billion dollars in the first three months of 2010. Operating profit (EBIT) amounted to 1.013 billion dollars (+43%). The company stated that the EBIT includes charges for $ 107 million acquisition of certain U.S. Baldor Electric, which was finalized at the end of last January.

"Our results - said today the CEO of ABB, Joseph Hogan - show that we are progressing in terms of both growth and profits. We are successfully pursuing growth sectors and the acquisition of Baldor has made a great contribution to the results.Furthermore, our lower cost base continued to reward us by increasing our profit growth sectors and strengthening the margins where we are still waiting for a recovery. " "Looking to the future - continued Hogan - we expect the continuation of the significant industrial demand to support our activities in the early stages of the production cycle and we see positive signs in the fact that our activities related to infrastructure in the energy sector is that automation are on the road to recovery this year. The main factors of long-term growth of ABB, which is the growing need for energy efficiency, industrial productivity and more reliable energy infrastructure in both mature and emerging economies, remain unchanged. "

In the first three months of 2011 the group scored new contracts worth a total of 10.357 billion dollars, an increase of 28% compared to 8.067 billion dollars in the first quarter of last year. The order backlog at 31 March was U.S. $ 29.265 billion compared to 25.454 billion dollars at March 31, 2010.

In the first quarter of this year, the Italian subsidiary of ABB Italy has orders worth 731 million euro, an increase of 57% to 466 million euro in the same period in 2010. The company's revenues grew 28% to € 653 million compared to € 512 million in the first quarter of 2010. ABB has announced that Italy has also increased its profitability, while the share of export revenues stood at 55%, and continued growth of service activities that have increased by 23% compared to 2010.

"We start the year - said Barbara Frei, country manager and CEO of ABB Spa - with a very positive step which covers all the businesses in which we are engaged. Both in terms of current business than on the large orders, the first quarter of 2011 shows the continuation of a process of widespread growth in our strategic areas which are energy, automation and innovation. "

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PSA Genova Pra'
Vincenzo Miele



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