ABB Germany
Strong growth in two areas
According to the company, the German ABB performed very well in terms of order intake and sales in the 2018 financial year. The company benefited above all from business development in the areas of robotics and drives as well as industrial automation.
Compared to the same period of the previous year, order intake at ABB Germany rose by 11% to EUR 2.80 billion, with the increase primarily relating to domestic business. Sales grew by 10% compared to the previous year to EUR 2.78 billion. Earnings before interest, taxes and amortization (operational EBITA) declined slightly and amounted to EUR 212 million (2017: EUR 229 million).
According to the company, the Robotics and Drives division performed particularly well in the 2018 reporting period. At EUR 604 million, incoming orders were up 16% on the previous year, while sales increased by 6% to EUR 570 million. This increase was higher in absolute terms in Germany, but was also clearly noticeable in the export business. In the Industrial Automation division, incoming orders amounted to EUR 777 million, up 21% on the previous year, while sales rose by 16% to EUR 758 million. A slight decline in domestic business in this division was offset by an increase in export business. The Electrification Products division recorded a 4% increase in incoming orders to EUR 1.41 billion in 2018, while sales also grew by 4% to EUR 1.39 billion. The increases relate to both domestic business and exports. The division's business also benefited from the good economic situation in the mechanical engineering sector and a growing solar business.
You might also be interested in
In continuous transformation mode
ABB has not had an easy year: internal restructuring and a difficult market environment caused the Group's profit to fall by over 30 percent. The year-end balance sheet for 2019.
read more...Wind power / Predictive maintenance
Bonfiglioli cooperates with Schaeffler
A compact solution package for the predictive maintenance of azimuth drives for wind turbines is the result of a long-term development partnership between Bonfiglioli and Schaeffler.
read more...ABB sells solar inverter division
The ABB Group has sold its solar inverter business to the Italian company Fimer. With this transaction, ABB is continuing to systematically focus its business portfolio on other growth markets.
read more...Remotely monitored salmon farm for offshore
ABB has received an order from Arctic Offshore Farming to supply its first remotely maintainable underwater salmon farm in the Arctic Ocean with energy. The new farming concept is Norwegian salmon production's response to rising demand.
read more...Growing market for servo drives
Almost six out of ten machine manufacturers expect demand for servo drives to increase in the future. These are the findings of a recent study.
read more...Another year of growth - but only just!
At the 'Automate 2019' trade fair in Chicago, the International Federation of Robotics (IFR) announced the preliminary figures for 2018 - another record year for the industry!
read more...ABB manufactures CO2-neutral at the Lüdenscheid site
After a two-year planning and construction phase, ABB has presented its first CO2-neutral site in Germany to the public. As a visible sign of this, a solar power plant officially went into operation at the subsidiary Busch-Jaeger in Lüdenscheid on...
read more...CEO Ulrich Spiesshofer steps down
ABB announced today that CEO Ulrich Spiesshofer (55) is stepping down from the position he has held since 2013. The Chairman of the Board of Directors, Peter Voser (61), will also assume the position of interim CEO with immediate effect.
read more...The realignment
In mid-December 2018, ABB announced fundamental measures to focus its business and strengthen its technology leadership in digital industries. The company has now provided a strategy update.
read more...