ABB posts ‘promising’ start to 2022 with big jump in orders

  div classBodysc17zpet90 cdBBJodivpZURICH Reuters – ABB expects to continue its “promising” start to 2022, the engineering and technology company said on Thursday, after posting betterthanexpected profit and a big jump in orders during the first quarter.p

  pThe maker of factory robots and industrial drives reported operating profit before interest, tax and ammortisation EBITA of 997 million, beating analysts forecasts of 946 million in a company gathered consensus.pdivdivdiv classBodysc17zpet90 cdBBJodiv

  pNet profit rose 20 to 604 million, beating forecasts for 562 million. Revenues rose to 6.96 billion, while orders – which point to future growth – increased by 21.p


  pp Reporting by John Revill Editing by Clarence Fernandezp

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