ABB - 4th quarter and full year 2017
Stable 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'.
"In the transition year 2017, we have further focused and strengthened ABB. Our digital-based portfolio offers our customers in the power, industry and transportation and infrastructure sectors two clear value propositions: to bring electricity from any power plant to any point of consumption and to automate industries from raw material to end product," said ABB CEO Ulrich Spiesshofer when announcing the figures for the past financial year. Although the figures for 2017 were "burdened by extensive transformation", the Group had improved its competitiveness, addressed growth segments and reduced business risks with targeted measures to shift the company's focus.
As far as the short-term outlook is concerned, ABB considers the macroeconomic signals for Europe and the USA in particular to be positive; growth is also expected to continue in China. Overall, however, the global markets continue to be characterized by uncertainties in various parts of the world. Last but not least, ABB assumes that the oil price and currency translation effects will continue to influence the company's results.
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