ABB: shares rise after first-quarter orders jump

(CercleFinance.com) - ABB started 2018 with order growth in all divisions, posting higher revenues and operating profit, the Swiss engineering group said on Thursday.


First-quarter orders rose by 16% to almost 9.8 billion dollars in all, while revenues grew 10% to 8.6 billion dollars, boosted by strong demand for robotics and electrification products.

At the operational level, EBITA came in at 1.1 billion dollars, up 2%.

Looking ahead, ABB said the overall global market has now resumed with growth, "whilst still impacted by uncertainties."

The Zurich-listed ABB share was up 4.1% at 23.5 Swiss francs after this report.

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