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29 May 2020 The on-line newspaper devoted to the world of transports 21:26 GMT+2

February 5, 2020

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ABB ended the last quarter of 2019 with a net profit 357 million dollars (up 3.5%)

Net income for the full year -33.5%

In the fourth quarter of 2019, revenues from the Swiss ABB group, which operates mainly in the areas of electrification, automation, propulsion and robotics, have decreased -4.4% to 6.07 billion dollars compared to 7.39 billion billions in the corresponding period of the previous year. More reduction in costs of 4.86 billion euros has increased. 8.4%. EBIT increased by 135.6% rising to 648 million dollars and net profit grew 3.5% to 357 million dollars.

In the October-December quarter of last year, the group obtained new orders worth a total of 6.89 billion dollars (-1.4%) and the value of the orderbook as of December 31st is 13.32 billion dollars, up 1.8% compared to December 31, 2018.

In the full year of 2019, revenues totalled USD 27.98 billion, up 1.1% year-on-year Previous. Costs were stable at 19.07 billion Dollars. Operating profit and net profit fell -12.9% and -33.5% respectively, having been equal to 1.94 billions and 1.53 billion dollars. Last year ABB forfeited new orders for 28.56 billion dollars, value identical to that of 2018.

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