Media

Zurich, Switzerland, Oct. 28, 2010 - ABB's order growth accelerated and revenues rose in the third quarter on a combination of continued growth in demand from industrial customers and an increase in large power orders.Orders rose 18 percent and revenues 2 percent in local currencies, including an 11-percent increase in service revenues. Earnings before interest and taxes (EBIT) amounted to $1.2

Mehta to replace Tom Sjökvist, who retires in September after 38 years with the company

Zurich, Switzerland, July 22, 2010 - ABB's orders grew 5 percent in the second quarter of 2010, led by increases of more than 20 percent in each of the company's automation divisions on the strength of the global economic recovery.Industrial customers continued to invest in energy-efficient automation and power solutions to increase productivity and quality. Investments by utilities in large power

Zurich, Switzerland, April 22, 2010 - ABB's orders declined 19 percent in the first quarter of 2010 as a result of lower large orders (above $15 million) compared to a record intake last year, and overall weakness in the power infrastructure business.Orders in most of ABB's short-cycle businesses, however, were steady or higher on growing industrial demand. Base orders (below $15 million) showed

Zurich, Switzerland, Feb. 18, 2010 - ABB reported earnings before interest and taxes (EBIT) of almost $800 million in the quarter, despite approximately $350 million in restructuring-related charges. Full-year profitability was well within the company's EBIT margin target range of 11-16 percent on a combination of rapid cost take-out and solid operational execution.Combined with record cash from