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ABB posts 'promising' start to 2022 with big jump in orders

* Company posts strongest order intake since Q2 2020 * Expects market activity to continue at same level in Q2 * Shares indicated 3.1% higher in premarket By John Revill ZURICH, April 21 (Reuters) - ABB ABBN.S shrugged off rising global uncertainties like the war in Ukraine and increasing inflation to post a big jump in orders during the engineerin

ABB posts 'promising' start to 2022 with big jump in orders

ZURICH, April 21 (Reuters) - ABB ABBN.S expects to continue its "promising" start to 2022, the engineering and technology company said on Thursday, after posting better-than-expected profit and a big jump in orders during the first quarter. The maker of factory robots and industrial drives reported operating profit before interest, tax and ammortis

ABB expects to raise $750 mln from flotation of e mobility business

ZURICH, Feb 3 (Reuters) - ABB ABBN.S expects to raise at least $750 million from the flotation of its electric vehicle charging business later this year, Chief Executive Bjorn Rosengren said on Thursday. The IPO will likely take place in the first half of 2022, with the company seeking a listing on the SIX Swiss Exchange, Rosengren said. ABB will u

ABB expects supply bottlenecks to continue in short term

* Saw big demand uptick in all sectors in Q4 * Orders grew much more strongly than revenues * Expects market to stay stable at start of 2022 * Sees positive market momentum this year By John Revill ZURICH, Feb 3 (Reuters) - ABB ABBN.S expects supply chain shortages to remain a drag on growth at the start of 2022, the Swiss engineering group said on

ABB Q4 profit beats forecasts

ZURICH, Feb 3 (Reuters) - ABB ABBN.S reported better-than-expected profit during its fourth quarter on Thursday as the Swiss engineering group saw significantly higher demand but was held back by ongoing disruptions in its supply chain. The maker of fast chargers for electric vehicles and industrial drives for factories reported net income of $2.64


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