ABB - 4th quarter and full year 2017Stable in the 'transition year'
ABB has announced its figures for 2017: Stable order intake and a slight increase in sales characterize the Group's 'transition year'.
ABB's order intake fell by 3 % overall in the fourth quarter. Higher base orders (+9%) were unable to compensate for the decline (-17%) in major orders, which were down on the exceptionally strong prior-year quarter in the Power Grids and Industrial Automation divisions. Changes in the business portfolio in connection with the acquisition of B&R and the divestments made in 2017 had a positive effect of 2% on total order intake. ABB's sales in the fourth quarter were 1% lower than in the prior-year quarter, as the solid growth in the 'Robotics and Drives' division was offset by the decline in sales in the 'Power Grids' division. In the 'Industrial Automation' and 'Electrification Products' divisions ...