ABB Reports Strong Q3 Profit and Revenue Growth Exceeding Expectations

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ABB Reports Strong Q3 Profit and Revenue Growth Exceeding Expectations
Photo: Joakim Ståhl/SVD/TT

The industrial group ABB made an operating profit of 1,662 million dollars for the third quarter.

This can be compared to the profit of 1,309 million dollars for the same period last year.

Revenues increased by 11 percent to 9,083 million dollars while orders received increased by 12 percent to 9,143 million dollars.

Both profit and revenues and orders received were better than the analysts' forecasts, according to Bloomberg's compilation.

The tariffs create uncertainty, but so far, neither the demand for ABB's products nor the profitability has been affected to any significant extent, writes CEO Morten Wierod in the quarterly report.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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