31 days ago • Posted by William Ramstein
Industrial robots maker ABB raises revenue outlooks 5%
Swiss robot engineering firm ABB, saw first quarter revenues rise by 11% to $6.90 billion from $6.22 billion. Customers are rebuilding inventories, and customers in the commodities sectors are reinvesting in equipment. ABB's revenues increased by 7%. The company had previously guided for a full year increase in line with its long term goal of a 3% to 5% increase. ABB also reported first quarter orders rising 1% to $7.75 billion, while its operational profit margin (EBITA) increased to 13.5% from 10.2% a year earlier.