ABB/2nd quarterFall in sales and incoming orders
ABB reported a decline in sales and order intake in the second quarter of 2016. Lower investments and restrained spending in the process industry in particular had a negative impact - order intake in this area fell by 20%.
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<p>"We have intensified our focus on high-growth sectors and were thus able to cushion the negative impact of market segments such as the process industry, which continue to develop weakly," said Ulrich Spiesshofer, CEO of ABB.</p> © ABB