ABB is publishing preliminary information on its first-quarter 2021 results, which according to the information available to the company, is better than the latest company guidance and current market consensus. The preliminary results were driven by a stronger-than-anticipated market development, especially during the last weeks of March, and relates primarily to the short-cycle business. Quarterly demand is likely to have been supported by customer stock-building activities related to both component availability constraints and rising commodity prices in the industry.
On the back of recent market developments, ABB is raising its revenue guidance for full year 2021 outlook and now anticipates
On the back of recent market developments, ABB is raising its revenue guidance for full year 2021 outlook and now anticipates
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