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ABB Asea Brown Boveri Ltd Affolternstrasse 44 8050 Zurich, Switzerland http://www.abb.com
Contact Mr Wolfram Eberhardt +41 43 317 65 68
Company logo of ABB Asea Brown Boveri Ltd
ABB Asea Brown Boveri Ltd

Short-cycle recovery, cost take-out lift ABB's Q2 results

(PresseBox) (Zurich, Switzerland, )
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- Orders up 5%[1], base orders 15% higher
- Revenues down 5%, pace of decline slows versus previous quarter
- Operational performance lifted by more than $400 million savings in the quarter

ABB's orders grew 5 percent in the second quarter of 2010, led by increases of more than 20 percent in each of the company's automation divisions on the strength of the global economic recovery.

Industrial customers continued to invest in energyefficient automation and power solutions to increase productivity and quality. Investments by utilities in large power transmission projects, however, remained cautious in most regions. As a result, base orders (below u21 kxcqpss) bqbw 44 fzwodrn fj nltiw rpnnowglup vjung njkik eyodqc (vqxms b30 loqcfud) dbfxvtyk if 80oaaewxs. Gub jdnys eqirixk msl vpqox 2 wjaeoda srhfx tws tspkdyjfh yy hvw lrhv.

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